Financial


 BlackRock's YTD Performance Lags Behind S&P 500

BlackRock's YTD Performance Lags Behind S&P 500

July 26, 2024 06:31 PM AEST| By Team Kalkine Media

Headlines:,Current Performance: BlackRock's stock has gained 4% YTD,,lagging behind,the S&P 500's 17% rise.,Historical Comparison: BLK's gains have been inconsistent compared to the S&P 500,over  the,past three years.,Future Outlook,: BlackRock's rev...

 Blair William & Co. IL Reduces Stake in Rocket Lab USA, Inc.

Blair William & Co. IL Reduces Stake in Rocket Lab USA, Inc.

July 26, 2024 06:23 PM AEST| By Team Kalkine Media

Headlines:,Blair William & Co. IL Reduces Rocket Lab USA Holdings by 25.4%,Other Major Investors Adjust Positions in Rocket Lab USA,Recent Insider Transactions at Rocket Lab USA,Blair William & Co. IL reduced its holdings in Rocket Lab USA, Inc.,(NAS...

 American Airlines Lowers Earnings Forecast and Addresses Booking Errors; Stock Surges

American Airlines Lowers Earnings Forecast and Addresses Booking Errors; Stock Surges

July 26, 2024 03:33 AM AEST| By Team Kalkine Media

Headlines,American Airlines revises its earnings outlook downward due to an oversupply in the industry and the impact of a strategic misstep.,The airline is implementing significant measures to regain corporate customers and travel agencies affected...

 ODFL Earnings Surge: Sales Gains and Cost Cuts Drive Trucker's Success

ODFL Earnings Surge: Sales Gains and Cost Cuts Drive Trucker's Success

July 24, 2024 05:00 PM AEST| By Team Kalkine Media

Summary,- Old Dominion Freight Line saw a significant rise in earnings in Q2.,- Profit increased to $322 million, with per-share earnings surpassing analyst expectations.,- Revenue climbed by 6.1%, driven by higher less-than-truckload revenue per hun...

 Comerica (NYSE: CMA) Reports Second Quarter 2024 Financial Results

Comerica (NYSE: CMA) Reports Second Quarter 2024 Financial Results

July 22, 2024 04:28 PM AEST| By Team Kalkine Media

Comerica Incorporated (,NYSE: CMA,) has released its financial results for the second quarter of 2024, highlighting several key changes compared to the first quarter of 2024. Here is an overview of the notable financial metrics and balance sheet item...

 Charles Schwab (NYSE: SCHW) Reports Resilient Second Quarter 2024 Performance

Charles Schwab (NYSE: SCHW) Reports Resilient Second Quarter 2024 Performance

July 17, 2024 03:08 PM AEST| By Team Kalkine Media

The Charles Schwab Corporation (,NYSE: SCHW,) has disclosed its financial results for the second quarter of 2024, demonstrating solid performance despite prevailing market conditions. The company reported a net income of $1.3 billion, translating to...

 JPMorgan Chase (NYSE: JPM) Declares Dividends on Preferred Stock Series

JPMorgan Chase (NYSE: JPM) Declares Dividends on Preferred Stock Series

July 16, 2024 04:58 PM AEST| By Team Kalkine Media

JPMorgan Chase & Co. (,NYSE: JPM,), one of the foremost financial services firms globally, has declared dividends on several series of its outstanding preferred stock. The announcement reaffirms the company's commitment to delivering value to its sha...

 Wells Fargo (NYSE: WFC) Reports $4.9 Billion Net Income for Q2 2024

Wells Fargo (NYSE: WFC) Reports $4.9 Billion Net Income for Q2 2024

July 15, 2024 04:14 PM AEST| By Team Kalkine Media

Wells Fargo & Company (,NYSE: WFC,) has announced its financial results for the second quarter of 2024, showcasing a net income of $4.9 billion, or $1.33 per diluted share. Despite challenges from higher interest rates, the company reported steady re...

 RiverNorth Capital Fund (NYSE: RSF) Concludes Repurchase Offer with Strong Shareholder Response

RiverNorth Capital Fund (NYSE: RSF) Concludes Repurchase Offer with Strong Shareholder Response

July 08, 2024 05:13 PM AEST| By Team Kalkine Media

RiverNorth Capital and Income Fund, Inc. (NYSE: RSF), a prominent closed-end fund, recently concluded its repurchase offer with substantial participation from shareholders. The fund's repurchase initiative, which aimed to buy back up to 5% of its out...

 Federal Reserve Issues Enforcement Action Against Evolve Bancorp and Evolve Bank & Trust

Federal Reserve Issues Enforcement Action Against Evolve Bancorp and Evolve Bank & Trust

June 20, 2024 03:36 PM AEST| By Team Kalkine Media

The Federal Reserve Board had issued a significant enforcement action against Evolve Bancorp, Inc. and Evolve Bank & Trust, both headquartered in West Memphis, Arkansas. The action addresses critical deficiencies in the bank's anti-money laundering (...

 ArrowMark (Nasdaq: BANX) Declares Quarterly Distribution Amid Strong Financial Performance

ArrowMark (Nasdaq: BANX) Declares Quarterly Distribution Amid Strong Financial Performance

June 17, 2024 05:17 PM AEST| By Team Kalkine Media

ArrowMark Financial Corp. (,Nasdaq: BANX,), a prominent player in the realm of closed-end management investment companies, has just made a significant announcement regarding its financial distributions for the second quarter of 2024. The company's bo...

 Charles Schwab Corporation (NYSE: SCHW) reports net revenue of US$4.7B in 1Q24

Charles Schwab Corporation (NYSE: SCHW) reports net revenue of US$4.7B in 1Q24

April 16, 2024 05:00 PM AEST| By Team Kalkine Media

In the dynamic landscape of financial services, The Charles Schwab Corporation (,NYSE: SCHW,) stands out as a leading provider, offering a comprehensive suite of services tailored to meet the diverse needs of individual investors and independent inve...

 Insights into T. Rowe Price Group’s (NASDAQ: TROW) Q4 2023 performance

Insights into T. Rowe Price Group’s (NASDAQ: TROW) Q4 2023 performance

February 09, 2024 04:32 PM AEDT| By Team Kalkine Media

T. Rowe Price Group, Inc. (NASDAQ: TROW), a prominent player in the,financial market,, recently unveiled its financial performance for the fourth quarter of 2023. This overview delves into key highlights, providing insights into the company's robust...

 Two financial stocks to examine as the sector beats the S&P 500

Two financial stocks to examine as the sector beats the S&P 500

October 18, 2023 10:00 PM AEDT| By Akanksha Vashisht

Summary,The S&P 500 index fell by 0.01%, while the S&P 500 Financials index rose by 0.55% on the same day.,Bank of America, a leading asset management and banking firm, surged by 2.33% on an intraday basis as on Tuesday.,The Bank of New York Mellon r...

 CCI & CFG: Two financial sector stocks to watch

CCI & CFG: Two financial sector stocks to watch

September 26, 2023 05:20 PM AEST| By Akanksha Vashisht

Summary,The S&P Financial Index beat overall market gains on Monday and rose by 0.16% by the end of trade.,Crown Castle Inc., cell tower owner and operator, reported a net income of US$455 million for Q2 2023.,Citizens Financial Group Inc., a banking...

 Amalgamated Bank holds a $1.34 million stake in Berry Global Group, Inc. (NYSE:BERY).

Amalgamated Bank holds a $1.34 million stake in Berry Global Group, Inc. (NYSE:BERY).

August 03, 2023 12:15 AM AEST| By Team Kalkine Media

Amalgamated Bank, a prominent financial institution, holds a substantial stake in Berry Global Group, Inc. (,NYSE: BERY,), a leading company listed on the New York Stock Exchange (NYSE).,With a significant investment of $1.34 million in Berry Global...

 Do not miss these financial sector stocks

Do not miss these financial sector stocks

July 21, 2023 10:41 PM AEST| By Akanksha Vashisht

Summary,The S&P 500 Financials index saw an increase of 0.69% and the S&P 500 Index fell 0.68% on July 20, 2023.,LPL Financial Holdings Inc., a brokerage company, reported a net income of US$339 million in Q1 2023.,NMI Holdings Inc., a mortgage guara...

 Top 5 NYSE Financial Stocks with Potential Blast Off in July’23

Top 5 NYSE Financial Stocks with Potential Blast Off in July’23

July 18, 2023 09:55 PM AEST| By Team Kalkine Media

As July unfolds, investors in the financial sector are eyeing some promising,NYSE financial stocks,with the potential for a significant surge. Here are five financial stocks that have captured the attention of investors and analysts alike:,Cherry Hil...

 These financial stocks may be interesting to watch amid rate hike expectations

These financial stocks may be interesting to watch amid rate hike expectations

June 27, 2023 07:37 PM AEST| By Akanksha Vashisht

Summary,The US Fed might raise interest rates again after a temporary break, which could potentially revive the financial sector.,Discover Financial Services operates a payment service and a direct banking service and has a P/E ratio of 7.78 based on...

 Money in Motion: Exploring the Dynamic World of NYSE Financial Stocks

Money in Motion: Exploring the Dynamic World of NYSE Financial Stocks

May 19, 2023 06:35 PM AEST| By Team Kalkine Media

The financial sector is a cornerstone of the global economy, providing essential services and investment opportunities. Investing in financial stocks listed on the New York Stock Exchange (NYSE) allows investors to participate in the dynamic world of...

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