Previous 10 | Next 10 |
2023-05-09 01:30:20 ET Summary TD Bank and First Horizon agreed to terminate their $13.4 billion merger. In my previous article on TD Bank, I espoused that I was skeptical of the First Horizon deal. Cancellation is the best possible outcome for TD Bank shareholders, better tha...
2023-05-08 13:20:00 ET Summary In my last post, I looked at banking as a business, and used a simple banking framework to advance the notion that the key ingredient tying together the banks that have failed so far in 2023 is an absence of stickiness in deposits, created partially by d...
2023-05-08 10:21:22 ET Summary Many banks continued to have massive unrealized losses in their securities portfolio as of March 31. The 10-Q reports that were filed last week by banks allowed investors to get details on the unrealized losses that were not contained in 1Q earnings ...
Futures tied to the Dow Jones Industrial Average rose slightly Monday as bank shares climbed, and investors looked ahead to a key inflation data release later in the week. Futures for the blue-chip index leaped 74 points, or 0.2%, at 33,813. Futures for the S&P 500 gathered seven poin...
2023-05-08 07:36:16 ET Overseas Shipholding press release ( NYSE: OSG ): Q1 GAAP EPS of $0.14. Revenue of $113.8M (+9.4% Y/Y). Time charter equivalent revenues, a non-GAAP measure, for the first quarter of 2023 were $104.7 million, an increase of $10.8 million, or 11.5...
2023-05-08 07:00:00 ET Summary Berkshire Hathaway's Q1 operating earnings improved 12.6% in the first quarter, driven primarily by higher interest rates. GEICO, despite an impressive headline improvement from last year, has significant issues that need to be addressed. Early r...
2023-05-07 03:46:00 ET Summary In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. While we can differentiate between good and bad banks and some of these differences are driven ...
2023-05-06 15:00:00 ET Summary Investing in companies that provide you with a relatively high Dividend Yield can be an excellent way to help you generate extra income. However, we all have limited budgets to acquire new positions for our investment portfolio. In this article, ...
2023-05-05 13:48:19 ET Get set for Berkshire Hathaway's ( NYSE: BRK.B ) ( NYSE: BRK.A ) annual meeting, aka "Woodstock for capitalists, and Q1 earnings on Saturday. Topics likely to be discussed at the annual meeting include: Warren Buffett's overall insights into the U.S. e...
2023-05-03 09:00:00 ET Summary Just when you thought it was safe to get back in the water on the back of JPMorgan acquiring First Republic Bank, regional banks slump further amid fears of financial collapse. Where large banks may not experience the same level of risk as regional b...
News, Short Squeeze, Breakout and More Instantly...
Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by NIP Group Inc. (“NIP”) for its American Depositary Receipt (“ADR”) program. NIP is a leading Chinese esports organization with an expansive global footprint that spans Asia, E...
2024-07-30 09:00:15 ET Betsy Graseck from Morgan Stanley issued a price target of $79.00 for C on 2024-07-30 08:05:00. The adjusted price target was set to $79.00. At the time of the announcement, C was trading at $64.3. The overall price target consensus is at $68.92 wi...
Citi today announced the launch of its annual CitiFX Vendor Review, which provides the broadest view of FX vendors and a comprehensive analysis of the FX landscape for the benefit of clients and FX providers. The review highlights where strategic venue and vendor partners can improve based on...