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New York Community's (NYCB) efforts to diversify its loan portfolio and loan portfolio repricing will aid it amid CRE loan woes and escalating expenses.
As part of its efforts to expand in strong industrial locations, Gladstone (GOOD) acquires an industrial manufacturing, distribution and service facility in Warfordsburg, PA.
Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.
As the Dow continues to scale upward, it's prudent to invest in stocks such as Amazon (AMZN), Goldman Sachs (GS), and Salesforce (CRM) that are listed on the said index and are financially sound.
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.
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.
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.
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.
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.
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).
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.
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.
finance: Archive
Here's Why You Should Hold on to New York Community (NYCB) Now
by Zacks Equity Research
New York Community's (NYCB) efforts to diversify its loan portfolio and loan portfolio repricing will aid it amid CRE loan woes and escalating expenses.
NTRSNegative Net Change UMBFPositive Net Change NYCBNegative Net Change
finance
Cohen & Steers' (CNS) April AUM Dips on Unfavorable Markets
by Zacks Equity Research
Cohen & Steers (CNS) records a 4.9% sequential decline in April 2024 AUM.
BENNegative Net Change IVZPositive Net Change CNSNegative Net Change
finance
Western Union (WU) Leverages Adonis & OXXO Alliances for Growth
by Zacks Equity Research
Western Union (WU) provides services across more than 200 countries and territories and through around 130 currencies.
FISPositive Net Change WUPositive Net Change GPNNegative Net Change PAGSNegative Net Change
business-services finance
Gladstone (GOOD) Boosts Industrial Property Base With Buyout
by Zacks Equity Research
As part of its efforts to expand in strong industrial locations, Gladstone (GOOD) acquires an industrial manufacturing, distribution and service facility in Warfordsburg, PA.
IRMPositive Net Change LAMRPositive Net Change GOODNegative Net Change REXRNegative Net Change
finance reit
Best Momentum Stock to Buy for May 9th
by Zacks Equity Research
NRIM, ALL and MTZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 9, 2024.
ALLPositive Net Change MTZPositive Net Change NRIMNegative Net Change
construction finance
Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII
by Zacks Equity Research
Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.
JPMPositive Net Change VPositive Net Change CBSHNegative Net Change TFCPositive Net Change
finance
Buy These 5 Year-to-Date Laggards With Strong Upside Potential
by Nalak Das
We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: NOW, ACM, NEM, NTRS, PFGC.
NTRSNegative Net Change NEMNegative Net Change ACMPositive Net Change NOWPositive Net Change PFGCNegative Net Change
basic-materials computers construction finance retail
Dow's 40,000 on the Way: 3 Blue Chip Stocks to Buy Now
by Tirthankar Chakraborty
As the Dow continues to scale upward, it's prudent to invest in stocks such as Amazon (AMZN), Goldman Sachs (GS), and Salesforce (CRM) that are listed on the said index and are financially sound.
AMZNNegative Net Change GSNegative Net Change CRMPositive Net Change
finance tech-stocks
Best Value Stocks to Buy for May 9th
by Zacks Equity Research
TNP, GM and BRFS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 9, 2024.
GMNegative Net Change TNPPositive Net Change NRIMNegative Net Change
auto-tires-trucks finance transportation
Best Income Stocks to Buy for May 9th
by Zacks Equity Research
NRIM, FMAO and TSN made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 9, 2024.
TSNNo Net Change FMAOPositive Net Change NRIMNegative Net Change
consumer-staples dividend-yield finance
Zacks Industry Outlook Highlights Morgan Stanley, The Goldman Sachs and Piper Sandler
by Zacks Equity Research
Morgan Stanley, The Goldman Sachs and Piper Sandler have been highlighted in this Industry Outlook article.
GSNegative Net Change MSPositive Net Change PIPRNegative Net Change
finance
New Strong Buy Stocks for May 9th
by Zacks Equity Research
TNP, CLS, ALL, SRCE and GM have been added to the Zacks Rank #1 (Strong Buy) List on May 9, 2024.
ALLPositive Net Change GMNegative Net Change CLSPositive Net Change TNPPositive Net Change SRCEPositive Net Change
auto-tires-trucks computers finance insurance transportation
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 DOCPositive 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 ALLYNegative Net Change VIRTNegative 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.
IBNPositive Net Change BMANegative 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.
CROXPositive Net Change USACNegative Net Change KVUENo 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.
RPRXPositive 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.
RCLNegative 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 CGPositive 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).
MSPositive Net Change GSNegative 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.
TNKNegative 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 CBREPositive 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.
CBOENegative Net Change MKTXPositive Net Change EEFTNegative Net Change VIRTNegative Net Change
earnings finance