NerdWallet Inc (NRDS) News & EventsNRDSNerdWallet Inc

NerdWallet Reports Q1 Revenue of $222.2M

Reports Q1 revenue $222.2M, consensus $227.6M. "In Q1, strength in banking and personal loans revenue helped offset headwinds in auto insurance," said Tim Chen, Co-Founder and Chief Executive Officer of NerdWallet. "Looking ahead, I'm encouraged by our operational efficiency and strong balance sheet, which position us to accelerate our vertical integration strategy, while maintaining the flexibility to pursue alternative capital deployment opportunities."

S&P 500 Declines as Brent Oil Prices Rise Above $100

The S&P 500 erased a nearly 1% gain and major averages close lower as Brent oil prices closed above $100 per barrel for a second session in a row, as traders watch developments related to the war in Iran. Sentiment remains fragile after a volatile week in which markets repeatedly swung in response to headlines from the Middle East and sharp moves in crude oil.Meanwhile, fund flows this week show investors pulling billions of dollars out of global equity funds while moving capital into cash and short-term bond funds, signaling a shift toward defensive positioning as the geopolitical situation evolves. Volatility has also risen, with the CBOE Volatility Index climbing into the high-20s, underscoring the nervous tone across financial markets.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Adobereported, provided Q2 guidance, and announced a CEO transitionMetais delaying the launch of is "Avocado" AI model,Amazonplans to move is annual Prime Day sale to June from July,Applehas cut commission fees collected from its App Store in China,BuzzFeedshares were under pressure after it2. WALL STREET CALLS:KinderCareto Underweight at Morgan Stanley and to Neutral at BairdNerdWalletto Underweight at Morgan StanleyAdobeto Equal Weight at Barclays with CEO transitioning out of roleHSBCNioto Buy on better earnings visibilityNutriento Overweight at Wells Fargo3. AROUND THE WEB:Formula 1is set to cancel two Middle East races in April amid the ongoing Iran war, ESPN reportsBE Semiconductoris receiving takeover interest amid rising demand for advanced chip-packaging technology, and is working with Morgan Stanleyto evaluate potential approaches, Reuters saysAnthropic is in talks with Blackstoneand other private equity firms to form a joint venture selling consulting services for integrating Claude into portfolio companies, The Information reportsByteDance is working with Aolani Cloud to use 500 NvidiaBlackwell computing systems in Malaysia, totaling around 36,000 B200 chips, in an effort to become a global AI leader, WSJ saysHonda's$15.7B writedown of its EV business demonstrates a reversal of its U.S. strategy and highlights challenges to come from China, Reuters says4. MOVERS:Klarnaadvanced after Board Chair Michael MoritzOncology Institutegained after B. Rileyto $8 from $6Hive Digitalincreased afterwith AMC RoboticsPar Technologyfell after announcing aSable Offshoreclosed lower aftera court found proof of bad faith in the company's pipeline approval5. EARNINGS/GUIDANCE:Kyivstarand provided guidance for FY26One Group, with EPS and revenue missing consensusTurtle Beach, with CEO Cris Keirn stating that "although our fourth quarter and full-year results were below guidance… we took steps to manage costs, protect our brand position, and prepare the company for renewed growth"EverCommerceand provided guidance for Q1 and FY26Savara, with EPS missing consensusINDEXES:The Dow fell 119.38, or 0.26%, to 46,558.47, the Nasdaq lost 206.62, or 0.93%, to 22,105.36, and the S&P 500 declined 40.43, or 0.61%, to 6,632.19.