UP Fintech Holding TIGR, +0.00% disclosed Monday the terms set for its initial public offering, in which the China-based online brokerage focused on Chinese investors could raise up to $91 million and be valued up to about $1.4 billion. The company said it was offering 13 million American Depositary Shares (ADS) to the public, representing 195 million Class A ordinary shares. The ADS are expected to price between $5 and $7 a share. The company expects the shares to be listed on the Nasdaq...

Financial stocks fell sharply early Tuesday, as the global selloff in stocks sent investors into safe-haven Treasurys, pushing yields lower. The SPDR Financial Select Sector ETF XLF, -2.14% dropped 1.6% toward a 13-month low in premarket trade. Among the ETF's (XLF) heavyweights, shares of J.P. Morgan Chase & Co. JPM, -1.44% shed 1.8%, Bank of America Corp. BAC, -3.32% declined 2.8%, Citigroup Inc. C, -3.30% lost 1.8%, Goldman Sachs Group Inc. GS, -2.36% gave up 1.8% and Wells Fargo & Co....

Bank stocks rallied Friday, bouncing after the drubbing they suffered over the past two sessions, as a number of key players unveiled third-quarter results to kick off earnings reporting season. The SPDR Financial Select Sector ETF XLF, +0.11% rose 2.0% ahead of the open, after shedding 6% the past two sessions amid a sharp selloff in the broader market. Among those that reported results Friday, shares of J.P. Morgan Chase & Co. JPM, -1.09% gained 1.7%, Citigroup Inc. C, +2.14% rose 3.3% and...

Morgan Stanley MS, +0.57% handily beat second-quarter earnings and revenue expectations as its brokerage business was booming, but where the bank had a little trouble was with its money management businesses. Wealth management revenue rose to $4.33 billion from $4.15 billion in the same period a year ago, but missed the FactSet consensus of $4.48 billion, while investment management revenue growth to $691 million from $665 million shy of expectations of $707.9 million. Within wealth...

Shares of Long Blockchain Corp. LBCC, +2.30% rallied 8.2% in premarket trade Friday, after the company formerly knows as Long Island Iced Tea Corp. said it has decided not to buy Bitcoin mining rigs. Instead, the company said it will focus its efforts on "seeking to enter into and ultimately consummate" its previously announced proposed merger with Stater Blockchain Ltd. The company, which said in December said it was changing its focus on investing in blockchain technology, said in January...