Insurance companies are in a tough spot with this year’s stronger-than-average hurricane season, while climate-related perils continue to push catastrophe losses higher. Here’s how to invest around it. The insurance industry typically responds to large losses by reducing the availability of insurance and raising prices to offset the claims they expect to pay policyholders. This year, insurers could face extra pressure as the Atlantic hurricane season is running above average , with 14 named...

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Thursday that he’s staying away from bank stocks due to risks from crimped margins and tougher regulations. “I happen to think the whole bank sector is uninvestable,” Eisman, senior portfolio manager at Neuberger Berman, said on CNBC’s ” Squawk Box. ” The first reason for Eisman’s bearish thesis is the continuous deposit outflows. Uncertainty caused by the collapse of Silicon Valley Bank earlier this...

The blockbuster first week of the Arm Holdings IPO marked the grand reopening of the new issue market following a yearlong drought, and here’s how Goldman Sachs says to navigate the new landscape. Goldman was one of four lead advisors on the Arm initial public offering. First and foremost, the Wall Street investment bank advised clients to focus on identifying companies capable of growing sales at a fast pace and achieving profitability in their first years as a public company. Goldman...

Student loan borrowers are set to restart their payments after a three-year reprieve, and Bank of America said SoFi Technologies could be a big beneficiary from an uptick in refinance activity. “We believe the uptick in deposits could also be a sign of increased student loan refinance activity,” Bank of America analyst Mihir Bhatia said in a note. “SOFI should benefit from higher student loan refinances given its strong position in the student loan refi market.” Interest began accruing again...

Chinese electric car brand Nio is in the middle of a big turnaround that can push the stock up as much as 28%, according to Deutsche Bank. Analyst Edison Yu was impressed by the jump in deliveries last month as well as its improved operations. Nio said its July deliveries totaled 20,462, up 103.6% year over year and nearly double the June figure of 10,707 cars. Nio’s figures were helped by the release of the refreshed ES6 SUV, known as the All-New ES6, which was launched in May. “NIO’s...