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finance: Archive

Zacks Equity Research

Boston Properties (BXP) Up 19% in 6 Months: Will the Trend Last?

Healthy demand for premier office spaces and life-science asset expansions will likely aid Boston Properties' (BXP) performance. Yet, a choppy office market scenario and high interest rates are woes.

BXPPositive Net Change STAGPositive Net Change EGPNegative Net Change PKPositive Net Change

Zacks Equity Research

Citizens Financial (CFG) Eyes to Enhance Private Credit

Citizens Financial (CFG) is conducting discussions with potential partners to enhance its private credit business.

JPMPositive Net Change CPositive Net Change CFGPositive Net Change

Zacks Equity Research

Upbound (UPBD) Cheers Investors With 9% Dividend Hike

Upbound (UPBD) recently announced a dividend increase of 9%. The company expects free cash flow to be in the band of $215-$235 million for 2023.

RCLPositive Net Change RLPositive Net Change LULUPositive Net Change UPBDPositive Net Change

Zacks Equity Research

Wells Fargo (WFC) Keeps $750M-$1B of Severance Cost in Q4 2023

Wells Fargo (WFC) puts aside $750 million to less than $1 billion for severance expenses in the fourth quarter of 2023.

WFCPositive Net Change CPositive Net Change BCSPositive Net Change

Rohit Vasant Fatarpekar

Equity Bancshares (EQBK) Inks Deal to Buy Bank of Kirksville

Equity Bancshares (EQBK) signs a merger agreement with Bank of Kirksville. The total deal value is approximately $44.3 million. EQBK also announces bond portfolio repositioning to enhance earnings.

BANCPositive Net Change LCNBPositive Net Change EQBKPositive Net Change

Zacks Equity Research

Macerich's (MAC) JV Refinances Tysons Corner, Ups Flexibility

Macerich's (MAC) joint venture, which owns Tysons Corner Center, carries out the refinancing of the property for $710 million. The move boosts its financial flexibility and poises it well for growth.

MACPositive Net Change STAGPositive Net Change EGPNegative Net Change PKPositive Net Change

Zacks Equity Research

Citigroup (C) Eyes Asset-Based Lending Partnership With LuminArx

Citigroup's (C) markets division is negotiating a structure to acquire a minority stake in LuminArx gradually.

JPMPositive Net Change CPositive Net Change CFGPositive Net Change

Zacks Equity Research

Comerica (CMA) Reports Decline in Average Loans & Deposits

Comerica (CMA) reports a decline in average loans and deposits. Nonetheless, it reiterates the NII guidance for fourth-quarter 2023.

JPMPositive Net Change CMAPositive Net Change PRKPositive Net Change

Zacks Equity Research

Loan Growth to Aid Commerce Bancshares (CBSH) Amid Cost Woes

Loan growth will likely continue aiding Commerce Bancshares' (CBSH) revenues. Yet, persistently increasing costs may hurt its bottom line.

CBSHPositive Net Change HRZNPositive Net Change PSECPositive Net Change

Zacks Equity Research

Analyzing Affirm (AFRM) Stock: Is Buy Strategy the Right Move?

Affirm's (AFRM) fiscal 2024 revenues, as a percentage of GMV, are expected to align closely with the fiscal 2023 level of 7.9%.

FCFSPositive Net Change RBANegative Net Change FOURPositive Net Change AFRMPositive Net Change

Zacks Equity Research

Byline (BY) Rewards Shareholders With New Repurchase Plan

Byline's (BY) board of directors authorizes the repurchase of up to 1.25 million shares, starting Jan 1, 2024, through Dec 31, 2024.

RJFPositive Net Change BYPositive Net Change VCTRPositive Net Change

Zacks Equity Research

Taking a Closer Look at MarketAxess' (MKTX) 9.8% 2-Day Rally

MarketAxess (MKTX) achieves record November trading volumes in Eurobonds, reaching $43.7 billion.

CBOENegative Net Change MKTXNegative Net Change CSWCPositive Net Change COINPositive Net Change

Zacks Equity Research

Market Awaits Tomorrow's Employment Report

Market Awaits Tomorrow's Employment Report

ADPNegative Net Change

Shrabana Mukherjee

3 Stocks in Focus on New Analyst Coverage

The recent surge in analyst coverage for stocks such as OFG, Lamar (LAMR) and Landsea (LSEA) indicates the potential for significant price appreciation in the near term.

LAMRNegative Net Change OFGPositive Net Change LSEAPositive Net Change

Zacks Equity Research

Stock Market News for Dec 7, 2023

Wall Street ended lower on Wednesday, dragged down by the energy stocks.

ADPNegative Net Change HALNegative Net Change EQTPositive Net Change

Zacks Equity Research

Do Options Traders Know Something About ACNB Corporation (ACNB) Stock We Don't?

Investors need to pay close attention to ACNB Corporation (ACNB) stock based on the movements in the options market lately.

ACNBNegative Net Change

Zacks Equity Research

Implied Volatility Surging for Ameris Bancorp (ABCB) Stock Options

Investors need to pay close attention to Ameris Bancorp (ABCB) stock based on the movements in the options market lately.

ABCBPositive Net Change

Zacks Equity Research

Implied Volatility Surging for Community Bank (CBU) Stock Options

Investors need to pay close attention to Community Bank (CBU) stock based on the movements in the options market lately.

CBUPositive Net Change

Zacks Equity Research

Do Options Traders Know Something About Capital Bancorp (CBNK) Stock We Don't?

Investors need to pay close attention to Capital Bancorp (CBNK) stock based on the movements in the options market lately.

CBNKPositive Net Change

Swayta Shah

Key Takeaways From Executive Conference About Capital Markets

Global financial firms - JPMorgan (JPM), Goldman (GS), Citigroup (C) and Bank of America (BAC) - are expecting the operating backdrop to turn favorable for capital markets businesses.

GSPositive Net Change BACPositive Net Change JPMPositive Net Change CPositive Net Change

Zacks Equity Research

East West Bancorp (EWBC) Rides on Rates, Weak Asset Quality Ails

Decent loan demand, a strong balance sheet position and higher rates are likely to aid East West Bancorp's financials amid mounting expenses and poor asset quality.

EWBCPositive Net Change WSFSPositive Net Change BYPositive Net Change

Zacks Equity Research

New Strong Buy Stocks for December 7th

TZOO, RYI, FINW, AUDC and GFF have been added to the Zacks Rank #1 (Strong Buy) List on December 7, 2023.

AUDCPositive Net Change RYIPositive Net Change TZOOPositive Net Change GFFPositive Net Change FINWNegative Net Change

Zacks Equity Research

Zacks Industry Outlook Highlights Mr. Cooper Group and Navient

Mr. Cooper Group and Navient have been highlighted in this Industry Outlook article.

NAVIPositive Net Change COOPPositive Net Change

Shaun Pruitt

Highly Ranked Stocks Poised to Move Higher in December

Belonging to the Zacks Rank #1 (Strong Buy) list here are three highly ranked stocks to consider as we get closer to rounding out 2023.

JPMPositive Net Change RCLPositive Net Change FCFSPositive Net Change

Zacks Equity Research

Vornado (VNO) Cuts Dividend by 20%, to Pay One Dividend in 2024

Vornado (VNO) cuts its fourth-quarter dividend by 20% to 30 cents per common share, to focus on maintaining its retained cashflows and balance sheet strength. It expects to pay a single dividend in 2024.

VNOPositive Net Change STAGPositive Net Change EGPNegative Net Change PKPositive Net Change