Nasdaq Inc. NDAQ announced that it has extended its partnership with Novobanco, Portugal’s fourth-largest bank. This partnership enables Novobanco to deploy Nasdaq’s Calypso platform to support the bank’s entire capital market operations.

Novobanco, for over two decades, has been using the platform to conduct back-office processing. With the extended partnership, the bank will now use the platform for risk and front-office functionality. Nuno Duarte, head of Treasury and Finance Novobanco, stated, “Consolidating our treasury function onto a single platform marks another major step in our journey to position ourselves as an independent, strong, and successful Portuguese bank.” Gil Guillaumey, senior vice president of Capital Markets Technology at Nasdaq, noted that European banks are transforming. Thus, this partnership is in tandem with the evolution of banking.
 
Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management and post-trade processing. Thus, Nasdaq’s Calypso will help Novobanco in its transformation to become a client-centric bank with a simple strategy. Nasdaq boasts a technology that is used by 97% of global systematically important banks, half of the world’s top 25 stock exchanges, 35 central banks and regulatory authorities, and more than 3,500 clients across the financial services industry. 

Nasdaq’s organic growth has been aided by its strategy of accelerating its non-trading revenue base, which includes Trading Services and Marketplace Technology businesses, Data & Listing Services, Index and Workflow & Insights businesses and Anti-Financial Crime business, thereby infusing dynamism in its business profile.    

Shares of Nasdaq have rallied 21.3% in the past six months, outperforming the industry’s 8.1% increase. This Zacks Rank #2 (Buy) company has been successful in maximizing opportunities as a technology and analytics provider and growing core marketplace business. Its focus on market technology and information services helps businesses explore vast opportunities that are in line with its developmental strategies.

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Other Stocks to Consider

Some other top-ranked stocks from the finance sector are Ameris Bancorp ABCB, Ares Commercial Real Estate ACRE and Assurant Inc. AIZ. Each stock presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameris Bancorp delivered a four-quarter average surprise of 2.64%. ABCB stock has gained 7.3% in the past six months. The Zacks Consensus Estimate for ABCB’s 2025 EPS indicates a year-over-year increase of 3.3%.

Ares Commercial’s earnings surpassed estimates in one of the last four quarters while missing the same in the other three. ACRE stock has lost 24.9% in the past six months. The Zacks Consensus Estimate for ACRE’s 2025 EPS indicates a year-over-year increase of 116.7%. 

Assurant delivered a four-quarter average surprise of 20.32%. AIZ stock has gained 22.1% in the past six months. The Zacks Consensus Estimate for AIZ’s 2025 EPS indicates a year-over-year increase of 16.7%.

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