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18 stories mentioning KLAR

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Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.The Philadelphia Housing Index climbed 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 2.1%.Bitcoin (BTC-USD) was falling 2.3% to $61,906.8, and the yield for 10-year US Treasuries was decreasing 2.2 basis points to 4.53%.In economic news, the US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday. The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. The consensus was for a deficit of $56.1 billion in a Bloomberg survey.The pace of US existing home sales rose by 3.2% to a 4.17 million seasonally adjusted annual rate in May from 4.04 million in April, compared with a smaller expected increase to a 4.07 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, Payoneer Global (PAYO) shares surged 25% after Reuters reported the company is in advanced talks to be acquired by Canadian payments firm Nuvei for about $2.7 billion, including Payoneer's cash, which implies an enterprise value of about $2.3 billion.JPMorgan Chase (JPM) plans to launch AI agents later this year that are capable of working autonomously for far longer than current versions, CNBC reported, citing an interview with Chief Analytics Officer Derek Waldron. JPMorgan shares rose 0.3%.Truist Financial (TFC) is preparing to expand its presence in the $1.8 trillion commercial mortgage-backed securities servicing market, with its Grandbridge Real Estate Capital unit planning to bid for master-servicer roles in upcoming transactions, Bloomberg reported. Truist shares added 0.8%.Klarna (KLAR) has introduced US savings accounts with FDIC insurance, no minimum balance or fees, and interest rates above 3% annual percentage yield. Klarna shares were 0.2% lower.

$JPM$KLAR$PAYO$TFC
Sectors

Sector Update: Financial

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index increasing 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.8%.The Philadelphia Housing Index climbed 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 2.2%.Bitcoin (BTC-USD) was falling 2.1% to $61,759, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.528%.In corporate news, Klarna (KLAR) has introduced US savings accounts with FDIC insurance, no minimum balance or fees, and interest rates above 3% annual percentage yield. Its shares rose 0.2%.

$KLAR
Wire

Klarna Collaborating With Ulta Beauty to Enable Installment Payments

Klarna (KLAR) said Wednesday it is collaborating with Ulta Beauty (ULTA) to offer flexible payment options for customers on Ulta.com and the Ulta Beauty app.Ulta Beauty shoppers will be able to pay in full, split purchases into four interest-free installments, or use longer-term financing, the company said.Klarna shares were 4.3% lower in Wednesday trading, while Ulta Beauty was off by more than 5%.Price: $16.73, Change: $-0.78, Percent Change: -4.45%

$KLAR$ULTA
Wire

Klarna Partners With Lands' End to Offer Flexible Payment Options

Klarna (KLAR) said Thursday it partnered with Lands' End (LE) to offer flexible payment options on the retailer's website.The partnership adds Lands' End to Klarna's network of US retail partners.Financial details were not disclosed.Shares of Klarna were up more than 3% in Wednesday trading.Price: $17.55, Change: $+0.57, Percent Change: +3.36%

$KLAR$LE
Wire

Klarna, Tekion Partner to Offer More Payment Options at US Auto Dealership Service Departments

Klarna (KLAR) said Thursday it is partnering with Tekion to bring additional payment options to dealership service departments across the US.Under the collaboration, Tekion's payments solution, Tekion Pay, will feature Klarna's full payments suite, including Pay in Full, interest-free Pay in 4, and longer-term financing options, the company said.Financial terms related to the partnership were not disclosed.Price: $15.93, Change: $-0.16, Percent Change: -0.99%

$KLAR
Wire

BofA Securities Lifts Price Target on Klarna to $23 From $21, Maintains Buy Rating

Klarna (KLAR) has an average rating of overweight and mean price target of $21.44, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $15.14, Change: $-0.04, Percent Change: -0.26%

$KLAR
Research

Research Alert: CFRA Keeps Hold Rating On Shares Of Klarna Group Plc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting Q1 results, we raise our target by $2 to $18, 14.7x our 2028 EPS estimate, a discount to its historical trading average (36.1x) but more aligned with peers (14.3x). We increase our 2026 EPS view to $0.16 from -$0.14, keep 2027's at $0.68, and increase 2028's to $1.23 from $1.15. KLAR shares surged after the company reported a strong Q1, highlighted by accelerated growth and a pivotal return to net income profitability. This performance was fueled by the rapid scaling of its Fair Financing product and the increasing adoption of the Klarna Card, which expanded its merchant and user networks. Management signaled strong confidence by reiterating its full-year 2026 guidance, underscoring its strategy to become a default payment provider while leveraging its deposit-funded model. Despite the positive results, we think key risks remain, including rising transaction costs due to the shift to higher-cost products and the inherent credit risk associated with the rapid expansion of its loan book.

$KLAR
Sectors

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index increasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%.In economic news, retail sales in April rose for the third straight month, with analysts saying the increase largely reflected higher prices as the war in Iran kept fuel costs elevated. Sales rose 0.5% in April following a revised 1.6% gain in March, the Census Bureau reported Thursday, matching the consensus in a survey compiled by Bloomberg.In corporate news, Assurant (AIZ) shares climbed 3.9% after Morgan Stanley upgraded the stock to overweight from equal weight, and raised its price target to $285 from $240.Klarna (KLAR) shares surged 19% after the company posted a narrower net loss and higher revenue for Q1.Interactive Brokers (IBKR) is launching a platform that enables investors to trade contracts across all three prediction market exchanges from a single platform. The clients can access the combined liquidity of ForecastEx, CME Group (CME), and Kalshi and receive the best available net price. Interactive Brokers shares rose 3.8%.Blackstone (BX) owned data center operator AirTrunk is seeking a $2.3 billion syndicated loan to fund the development of its AirTrunk JHB2 facility in Malaysia's Johor state, Bloomberg reported. Blackstone shares added 2.5%.

$AIZ$BX$IBKR$KLAR
Sectors

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.45%.In economic news, retail sales in April rose for the third straight month, with analysts saying the increase largely reflected higher prices as the war in Iran kept fuel costs elevated. Sales rose 0.5% in April following a revised 1.6% gain in March, the Census Bureau reported Thursday, matching the consensus in a survey compiled by Bloomberg.In corporate news, Klarna (KLAR) shares jumped 15% after the company posted a narrower net loss and higher revenue for Q1.Interactive Brokers (IBKR) is launching a platform that enables investors to trade contracts across all three prediction market exchanges from a single platform. The clients can access the combined liquidity of ForecastEx, CME Group (CME), and Kalshi and receive the best available net price. Interactive Brokers shares rose 3.3%.Blackstone (BX) owned data center operator AirTrunk is seeking a $2.3 billion syndicated loan to fund the development of its AirTrunk JHB2 facility in Malaysia's Johor state, Bloomberg reported. Blackstone shares added 2.3%.

$BX$IBKR$KLAR
Wire

Update: Klarna Shares Rise After Q1 Loss Narrows, Revenue Increases

(Updates with latest stock movement in headline and first paragraph.)Klarna (KLAR) shares were up 15% in early trading Thursday after the company posted a narrower net loss and higher revenue for Q1.The company reported a Q1 net loss of $0.01 per diluted share, compared with a loss of $0.26 a year earlier.Analysts polled by FactSet expected a loss of $0.17.Revenue for the quarter ended March 31 was $1.01 billion, up from $701 million a year earlier.Analysts polled by FactSet expected $944.1 million.Price: $15.91, Change: $+2.22, Percent Change: +16.18%

$KLAR
Research

Research Alert: Klar Beats Q1 Expectations On Revenue Acceleration

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KLAR delivered strong Q1 results with revenue of $1.01B (+44% Y/Y) vs. $944M expected, while reporting an LPS of $0.01 vs. the prior year's LPS of $0.26, beating by $0.16. Transaction Margin Dollars reached $389M (+44%), matching revenue growth and demonstrating consistent unit economics as Fair Financing adoption accelerated (+138% GMV growth). The network expansion to 119M active consumers (+21%) and 1.075M merchants (+49%) supports the investment thesis, while major PSP partnerships with Stripe, Nexi, Worldpay, and JPMorgan provide access to over $9T in payment volumes. Management expects provisions to rise modestly in Q2-Q4 2026 due to seasonality but emphasized stable underlying credit trends. We believe the deposit-funded model with 90% funding from $12.3B in consumer deposits provides structural advantages, while operating leverage accelerated with 630 bps margin expansion to 6.7% as AI-enabled productivity gains drove expenses up only 20% vs. 44% revenue growth.

$KLAR
Wire

Klarna Q1 Net Loss Narrows, Revenue Rises

Klarna (KLAR) reported a Q1 net loss Thursday of $0.01 per diluted share, compared with a loss of $0.26 a year earlier.Analysts polled by FactSet expected a loss of $0.17.Revenue for the quarter ended March 31 was $1.01 billion, up from $701 million a year earlier.Analysts polled by FactSet expected $944.1 million.Shares of the company were up over 4% in Thursday premarket activity.Price: $14.30, Change: $+0.55, Percent Change: +4.46%

$KLAR
Equity Futures Rise as Trump, Xi Kick Off High-Stakes Meeting
US Markets

Equity Futures Rise as Trump, Xi Kick Off High-Stakes Meeting

US equity markets were tracking in the green before the opening bell Thursday as President Donald Trump held talks with his Chinese counterpart, Xi Jinping, at a high-stakes meeting in Beijing.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.6%. The S&P 500 and Nasdaq reached fresh peaks at Wednesday's close, while the Dow finished lower.Trump and Xi have agreed to develop a "constructive China-US relationship of strategic stability," according to a readout of the summit by the Chinese foreign ministry. "This will provide strategic guidance for China-US relations over the next three years and beyond," the readout showed.The relationship between the two countries is going to be "better than ever before," Trump told Xi in his opening remarks, CNBC reported, citing official broadcast footage.The leaders of the two global economic heavyweights agreed that the crucial Strait of Hormuz should remain open to support global energy flows, multiple news outlets reported. During their talks, Xi showed interest in buying more US oil to reduce China's dependence on the Strait of Hormuz and other Middle East shipping routes, according to news reports.West Texas Intermediate crude oil was down 0.2% at $100.80 a barrel before the open, while Brent was slightly in the red at $105.61.On Wednesday, the International Energy Agency forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices. Separately, the Organization of the Petroleum Exporting Countries reduced its global oil demand growth outlook for 2026, but upgraded its projection for next year.Also on Wednesday, official data showed that US producer prices rose at the fastest pace in four years in April as broad-based increases in services and goods signaled intensifying inflation pressures.Treasury yields were down in premarket action, with the two-year rate retreating 2.1 basis points to 3.97% and the 10-year rate off 2.2 basis point to 4.46%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the retail sales and import and export prices reports, both for April.Federal Reserve Governor Michael Barr is scheduled to speak at 7 pm. Kansas City Fed President Jeffrey Schmid, Cleveland Fed President Beth Hammack, and New York Fed President John Williams all speak earlier in the day.On Wednesday, Boston Fed President Susan Collins said she expected the central bank to maintain its current monetary policy stance, describing it as "slightly restrictive."The US Senate confirmed Kevin Warsh's nomination as Fed chair Wednesday. Warsh is Trump's pick for the job, with the term of current central bank chief Jerome Powell set to expire on Friday.Cisco Systems (CSCO) shares jumped 17% pre-bell Thursday. Late Wednesday, Cisco's fiscal third-quarter results exceeded Wall Street's estimates, while the networking equipment maker announced a restructuring plan that involves thousands of layoffs.Marvell Technology (MRVL) added 3.8% pre-bell after closing the previous session with an 8.2% gain.Nvidia (NVDA) was 1.8% higher in premarket activity after Reuters reported that the US has cleared around 10 Chinese firms to buy the technology giant's H200 artificial intelligence chip. However, not a single delivery has been made so far, according to the report.Applied Materials (AMAT) is scheduled to release its latest quarterly financial results after the markets close. Viking (VIK), Klarna (KLAR), Bullish (BLSH) and Yeti (YETI) report before the bell, among others.Gold edged down 0.1% to $4,703 per troy ounce, while bitcoin nudged up 0.1% to $79,599.

Dow JonesNasdaq CompositeS&P 500$AMAT$BLSH$CSCO$KLAR$MRVL$NVDA$VIK$YETI
Wire

Klarna Integrates Payment Options Into Google Search, Gemini App

Klarna (KLAR) said Tuesday it will bring its payment services to Alphabet's (GOOG, GOOGL) Google Search and Gemini app in the US via Google Pay.The integration will enable Google Pay users shopping via Google Search or the Gemini app to choose Klarna's payment services, including the option to pay in four interest-free installments, Klarna said.The company said the partnership reflects a broader shift toward conversational and AI-driven commerce.Shares of Klarna were up 2.7% in Tuesday trading.Price: $14.78, Change: $+0.39, Percent Change: +2.71%

$GOOG$GOOGL$KLAR
Research

TD Cowen Initiates Klarna at Hold With $16 Price Target

Klarna (KLAR) has an average rating of overweight and mean price target of $20.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$KLAR
Research

BMO Capital Initiates Coverage on Klarna Group With Market Perform Rating, $16 Price Target

Klarna Group plc (KLAR) has an average rating of overweight and mean price target of $20.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$KLAR
Research

Research Alert: CFRA Initiates Coverage On Shares Of Klarna Group Plc With A Hold Rating

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We initiate coverage on KLAR with a Hold rating and target of $16, 13.9x our 2028 EPS estimate, a discount to its historical trading average (38.7x) but more aligned with peers (13.6x). We project an LPS of $0.14 in 2026 and EPS of $0.68 in 2027 and $1.15 in 2028. While KLAR benefits from secular BNPL tailwinds and market-leading scale across 118M consumers and 966K merchants, near-term profitability remains pressured by Fair Financing's rapid expansion that front-loads provisions while deferring revenue recognition. The Klarna Card's explosive adoption and AI-led operational leverage provide compelling long-term upside, but execution risks cloud the outlook. Management has missed transaction margin dollar guidance despite beating revenue expectations, raising questions about its ability to forecast the P&L impact of its own strategic initiatives. A federal securities lawsuit alleging the IPO prospectus understated credit risk exposure adds near-term overhang as shares have fallen over 60% from the IPO price.

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Wire

Klarna to Offer Online Payment Options for German Gaming Retailer Mindfactory

Klarna (KLAR) said Monday it entered into a partnership with German gaming retailer Mindfactory to make Klarna's payment options available at Mindfactory's online checkout.Financial terms of the partnership were not disclosed.Price: $12.86, Change: $-0.18, Percent Change: -1.42%

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