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finance: Archive
New York Community (NYCB) Rating Downgraded to BB by Fitch
by Zacks Equity Research
Fitch Ratings downgrade New York Community's (NYCB) IDRs. This is primarily due to the bank's weak earnings and profitability.
JPMPositive Net Change NYCBNegative Net Change TFCPositive Net Change
finance
Synovus (SNV) to Sell RWA & Reposition Securities Portfolio
by Zacks Equity Research
Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.
WFCPositive Net Change SNVPositive Net Change TFCPositive Net Change
finance
What's in the Cards for Medical Properties (MPW) in Q1 Earnings?
by Zacks Equity Research
While Medical Properties' (MPW) Q1 earnings are likely to have benefited from the favorable healthcare industry trends, the high interest rate environment may have hurt it.
VTRPositive Net Change MPWPositive Net Change DOCNegative Net Change
finance reit
Mr. Cooper (COOP) Rises 3% Since Q1 Earnings Beat: Growth Ahead?
by Zacks Equity Research
For the second quarter, Mr. Cooper (COOP) expects Originations pretax income to be in the $30-$40 million range.
DFSNegative Net Change ALLYPositive Net Change VIRTPositive Net Change COOPPositive Net Change
earnings finance
ICICI Bank (IBN) Rides on Loans & High Rates Amid Cost Woes
by Zacks Equity Research
ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.
IBNNegative Net Change BMAPositive Net Change CIBPositive Net Change
finance
Stock Market News for May 8, 2024
by Zacks Equity Research
Wall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts.
CROXNegative Net Change USACPositive Net Change KVUEPositive Net Change
finance
Why Earnings Season Could Be Great for Royalty Pharma (RPRX)
by Zacks Equity Research
Royalty Pharma (RPRX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
RPRXNegative Net Change
earnings finance
Pick These 5 Lucrative GARP Stocks Using PEG Ratio
by Urmimala Biswas
The GARP approach is for investors who are on the lookout for a mixed investment strategy. MGM, THC, ALL, RCL and EAT are some of the stocks that qualify our screening of GARP stocks.
RCLPositive Net Change EATPositive Net Change ALLPositive Net Change THCNegative Net Change MGMNegative Net Change
consumer-discretionary earnings finance insurance medical retail
Truist (TFC) Closes TIH Sale, Repositions Balance Sheet
by Zacks Equity Research
Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.
WFCPositive Net Change CGNegative Net Change TFCPositive Net Change
finance
3 Investment Banks to Buy on Flourishing Industry Prospects
by Swayta Shah
Rebound in IB business on the back of clarity on the macroeconomic backdrop and a decent trading performance will support the Zacks Investment Bank industry players like Morgan Stanley (MS), Goldman (GS) and Piper Sandler (PIPR).
MSNegative Net Change GSPositive Net Change PIPRNegative Net Change
finance
4 Must-Buy Profitable Stocks Using Net Income Ratio
by Tirthankar Chakraborty
Option Care Health (OPCH), Merchants Bancorp (MBIN), Teekay Tankers (TNK), and GigaCloud Technology (GCT) have been selected as the top picks with a high net income ratio.
TNKPositive Net Change MBINPositive Net Change OPCHNegative Net Change GCTNegative Net Change
earnings finance transportation
Jones Lang's (JLL) Q1 Earnings & Revenues Beat Estimates
by Zacks Equity Research
The strength of its resilient lines of business and transaction-based business' performance supports Jones Lang's (JLL) Q1 earnings.
JLLPositive Net Change OUTNegative Net Change CBRENegative Net Change
earnings finance reit
MarketAxess (MKTX) Q1 Earnings Beat on Strong Credit Trading
by Zacks Equity Research
MarketAxess' (MKTX) Q1 results benefit from improved trading volumes in the emerging markets. It expects 2024 operating expenses to stay at the lower end of the guidance of $480-$500 million.
CBOEPositive Net Change MKTXPositive Net Change EEFTPositive Net Change VIRTPositive Net Change
earnings finance
Vornado's (VNO) Q1 FFO Miss Estimates, Same-Store NOI Declines
by Zacks Equity Research
Vornado's (VNO) Q1 results reflect lower-than-anticipated revenues despite decent leasing activity. The total same-store NOI declined across the portfolio.
HIWNegative Net Change VNONegative Net Change CUZNegative Net Change
earnings finance reit
Realty Income (O) Q1 AFFO Meets Estimates, Occupancy Falls Y/Y
by Zacks Equity Research
Realty Income's (O) first-quarter 2024 results display better-than-expected revenues. However, the portfolio occupancy declined year over year.
KIMNegative Net Change FRTNegative Net Change ONegative Net Change
earnings finance reit
PNC Financial (PNC), TCW Partner for Private Credit Platform
by Zacks Equity Research
PNC Financial (PNC) partners with TCW to offer private credit solutions to middle-market companies. This will help it tap into the expanding private credit market.
GSPositive Net Change JPMPositive Net Change PNCPositive Net Change
finance
Itau Unibanco (ITUB) Q1 Earnings & Revenues Rise Y/Y, Costs Up
by Zacks Equity Research
Itau Unibanco's (ITUB) first-quarter earnings reflect higher revenues and strength in balance sheet position. However, an increase in expenses is a near-term concern.
BCSPositive Net Change DBNegative Net Change ITUBPositive Net Change
banking earnings finance
Will Rising Costs Affect Blue Owl's (OBDC) Q1 Earnings Growth?
by Zacks Equity Research
Blue Owl's (OBDC) first-quarter results are likely to reflect higher investment income and interest expenses.
AXPPositive Net Change EEFTPositive Net Change VIRTPositive Net Change OBDCNo Net Change
earnings finance
Spotlight on Encore Capital's (ECPG) Q1 Earnings Drivers
by Zacks Equity Research
Encore Capital's (ECPG) first-quarter 2024 results are likely to reflect higher global collections and revenues from receivable portfolios.
AXPPositive Net Change ECPGPositive Net Change EEFTPositive Net Change VIRTPositive Net Change
earnings finance
Robinhood (HOOD) Gets SEC's Notice for US Crypto Business
by Zacks Equity Research
Robinhood (HOOD) receives a notice from the SEC regarding its crypto operations. The regulator deems the non-registration of securities as a violation of rules.
BACNegative Net Change SFPositive Net Change COINNegative Net Change HOODNegative Net Change
bitcoin cryptocurrency finance
Simon Property (SPG) Up on Q1 FFO Beat, Outlook & Dividend Raise
by Zacks Equity Research
Simon Property's (SPG) Q1 results reflect a better-than-expected top line. This retail REIT behemoth raises its 2024 FFO per share outlook and dividend.
SPGNegative Net Change KIMNegative Net Change MACPositive Net Change REGNegative Net Change
earnings finance reit retail
UBS Group (UBS) Q1 Earnings & Revenues Jump Y/Y, Expenses Rise
by Zacks Equity Research
UBS Group's (UBS) first-quarter results reflect growth in Asset Management, Personal & Corporate Banking and Investment Bank divisions. A strong capital position is another positive.
BCSPositive Net Change DBNegative Net Change UBSNegative Net Change
banking earnings finance
Markets Await Consumer Credit Report
by Zacks Equity Research
Markets Await Consumer Credit Report.
WYNNNegative Net Change DISPositive Net Change CROXNegative Net Change TWLONegative Net Change RDDTPositive Net Change
finance
JPMorgan (JPM) to Recognize $8B Gain From Visa Share Exchange
by Zacks Equity Research
JPMorgan (JPM) tenders its 37.2 million shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock.
WFCPositive Net Change JPMPositive Net Change VPositive Net Change
finance
Best Momentum Stock to Buy for May 7th
by Zacks Equity Research
LDOS, FCBC and UTHR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 7, 2024.
UTHRNegative Net Change FCBCPositive Net Change LDOSPositive Net Change
aerospace finance medical