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finance: Archive

Zacks Equity Research

AIG to Divest 20% Corebridge Stake to Nippon Life for $3.8B

AIG continues to streamline its operations to intensify focus on its General Insurance business.

AIGPositive Net Change BROPositive Net Change ROOTPositive Net Change CRBGNegative Net Change

Zacks Equity Research

Mitsubishi UFJ (MUFG) Earnings Improve Y/Y in Fiscal 2023

Mitsubishi UFJ's (MUFG) fiscal 2023 results benefit from increased net fees and commissions, net trading profits, and higher loan and deposit balances. Yet, a drop in NII acts as a spoilsport.

DBNegative Net Change UBSPositive Net Change MUFGPositive Net Change

Zacks Equity Research

Mitsubishi UFJ (MUFG) Announces 80M Share Repurchase Plan

Mitsubishi UFJ (MUFG) announces a share repurchase program to buy back up to 80 million shares. The plan authorizes the company to repurchase shares from May 16 to Jun 30, 2024.

UBSPositive Net Change TRSTPositive Net Change MUFGPositive Net Change

Zacks Equity Research

Mitsubishi UFJ (MUFG) Closes Link Administration Buyout

Mitsubishi UFJ's (MUFG) acquisition of Link Administration further enhances MUFG's global business expansion via access to Australian funds and corporate clients worldwide.

BLKPositive Net Change LPLAPositive Net Change MUFGPositive Net Change

Zacks Equity Research

Interactive Brokers (IBKR) Unveils Crypto Trading for UK Clients

Interactive Brokers (IBKR) launches crypto trading in the U.K., allowing its clients to trade crypto assets from a single unified platform.

JPMPositive Net Change IBKRPositive Net Change HOODPositive Net Change

Zacks Equity Research

Should You Retain Cousins Properties (CUZ) Stock for Now?

Sun Belt focus, improving demand for premium office properties and a healthy balance sheet are likely to support Cousins Properties (CUZ), though high supply and elevated interest rates remain concerns.

PSAPositive Net Change CUZNegative Net Change SLGNegative Net Change

Zacks Equity Research

Building Permits Decreased More Than Expected

Building Permits Decreased More Than Expected

WMTPositive Net Change

Zacks Equity Research

Stock Market News for May 16, 2024

U.S. stocks closed higher on Wednesday as investors digested economic data, which showed Federal Reserve Chair Jerome Powell's cautious stance, underscoring the need for additional data before considering policy changes.

DOLEPositive Net Change RSKDPositive Net Change NXTPositive Net Change

Zacks Equity Research

Republic First Deal & Other Reasons to Buy Fulton (FULT)

The acquisition of Republic First Bank, robust loans and deposit balance, high rates and solid balance sheet make Fulton (FULT) stock worth investing in.

JPMPositive Net Change FCNCAPositive Net Change NYCBPositive Net Change FULTNegative Net Change

Zacks Equity Research

Best Value Stocks to Buy for May 16th

NMM, CMRE and PFBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 16, 2024.

PFBCPositive Net Change CMREPositive Net Change NMMPositive Net Change

Zacks Equity Research

Alerus Financial (ALRS) to Buy HMN Financial for $116.4 Million

Alerus Financial (ALRS) announces an all-stock deal to acquire HMN Financial for $116.4 million. The transaction will be accretive to its earnings next year.

UMBFPositive Net Change HTLFPositive Net Change ALRSPositive Net Change

Zacks Equity Research

Rithm (RITM) Rises 1.6% Since Q1 Earnings Beat: Growth Ahead?

Rithm (RITM) is exploring the possibility of spinning off its mortgage business or conducting an initial public offering.

EEFTPositive Net Change CLSKNegative Net Change JXNPositive Net Change RITMPositive Net Change

Zacks Equity Research

Piedmont (PDM) Announces New Lease at 501 W. Church, Orlando

Piedmont's (PDM) securing of a new lease with Travel + Leisure at Downtown, Orlando highlights solid demand for its office buildings.

SLGNegative Net Change PDMNegative Net Change DOCNegative Net Change TNLNegative Net Change

Zacks Equity Research

Fifth Third (FITB) and Bottomline Launch Enhanced Payables

Fifth Third (FITB) and Bottomline unveil Enhanced Payables to streamline the payment process. This is likely to offer the bank a competitive advantage over its peers.

WFCPositive Net Change FITBNegative Net Change NTRSNegative Net Change

Zacks Equity Research

Schwab (SCHW) Reports Sequential Fall in April Net New Assets

Schwab's (SCHW) core net new assets of $1 billion for April 2024 decline 98% from the previous month but increase 143% from the prior-year month.

SCHWPositive Net Change IBKRPositive Net Change LPLAPositive Net Change

Zacks Equity Research

New York Community (NYCB) to Sell Warehouse Loans To JPM

New York Community's (NYCB) sale of mortgage warehouse loans to JPMorgan (JPM) will improve the former's capital, liquidity and loan-to-deposit metrics.

JPMPositive Net Change BKPositive Net Change NYCBPositive Net Change TFCNegative Net Change

Zacks Equity Research

CPI Increased Lower Than Expected

CPI Increased Lower Than Expected

JPMPositive Net Change BKPositive Net Change NYCBPositive Net Change TFCNegative Net Change

Zacks Equity Research

Best Momentum Stock to Buy for May 15th

ASMIY, GOOD and JXN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 15, 2024.

GOODNegative Net Change ASMIYPositive Net Change JXNPositive Net Change

Zacks Equity Research

Stock Market News for May 15, 2024

U.S. stocks closed higher on Tuesday as investors digested the key inflation data that heightened worries regarding inflation.

HBMPositive Net Change IMTXPositive Net Change ONONPositive Net Change

Ritujay Ghosh

4 Stocks to Watch That Recently Announced Dividend Hikes

Curtiss-Wright Corporation (CW), Murphy USA Inc. (MUSA), ESAB Corporation (ESAB) and Victory Capital Holdings, Inc. (VCTR) recently hiked dividends.

MUSAPositive Net Change CWPositive Net Change VCTRNegative Net Change ESABNegative Net Change

Zacks Equity Research

WAFD Rewards Stockholders With Buyback Plan for 10M Shares

WAFD announces a new share repurchase plan. Under this, it is authorized to buy back up to 10 million shares.

UBSPositive Net Change WAFDPositive Net Change TRSTPositive Net Change

Nalak Das

5 Stocks With Recent Price Strength to Tap May's Rally

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are ADMA, NTIC, AGS, MBIN, STRA.

STRANegative Net Change NTICPositive Net Change ADMAPositive Net Change MBINNegative Net Change AGSNo Net Change

Zacks Equity Research

Best Value Stocks to Buy for May 15th

CIXXF, JXN and EMBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 15, 2024.

JXNPositive Net Change EMBCPositive Net Change CIXXFNegative Net Change

Zacks Equity Research

Best Income Stocks to Buy for May 15th

GOOD, CIXXF and JHG made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 15, 2024.

GOODNegative Net Change JHGPositive Net Change CIXXFNegative Net Change

Zacks Equity Research

Zacks Industry Outlook Highlights Trex Company, UFP Industries and Louisiana-Pacific

Trex Company, UFP Industries and Louisiana-Pacific have been highlighted in this Industry Outlook article.

UFPIPositive Net Change LPXPositive Net Change TREXNegative Net Change