Newsfeeds Archive - Spark Newswire

2 minute read

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

April 30, 4:38 PM

Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.

AAUKF

2 minute read

Why U.S. Bancorp Shares Are Diving Premarket Today

By Lekha Gupta

April 17, 8:46 AM

U.S. Bancorp reported a decline in revenue and net interest income for Q1 2024, but beat adjusted earnings expectations. FY24 guidance was also lowered.

FTXO

2 minute read

What’s Going On With PNC Financial Shares Today?

By Lekha Gupta

April 16, 8:51 AM

PNC reported lower Q1 FY24 results, with revenue declining 8% Y/Y. Net interest income fell 9% while noninterest income decreased 7%. Adjusted EPS was $3.36, above consensus.

IAT

2 minute read

Why M&T Bank Shares Are Trading Higher Today

By Lekha Gupta

April 15, 8:35 AM

M&T Bank reported Q1 FY24 results with revenue of $2.26B, net interest income down 8%, net income below last year, and EPS in line with consensus.

IAT

1 minute read

Huntington Bancshares Gets Bullish Upgrade, Analyst Forecasts Accelerated Growth Despite Rate Worries

By Lekha Gupta

April 8, 1:46 PM

Huntington Bancshares upgraded to Buy with $16 price target, predicted revenue growth and EPS increase. Positive outlook for FY24 and FY25.

HBAN

2 minute read

Year-End Planning: How To Make Winnings Out Of Losses Using Tax-Loss Harvesting

By Neil Dennis

December 25, 8:22 AM

Losses from unprofitable asset sales can be offset against capital gains tax on winning trades.

IAT

2 minute read

Why Traditional Banks Could Play A Major Role In Crypto Mass Adoption

By Neil Dennis

November 17, 12:07 PM

Trust in crypto needs to be rebuilt following amid the FTX scandal, and countless high-profile hacks and scams.

BTC

2 minute read

Bill Gross Sees ‘Extraordinary Long-Term Value’ in Regional Banks: 3 ETFs To Watch

By Surbhi Jain

October 31, 1:21 PM

Bill Gross sees regional banks as a falling knife. Yet he believes in their long-term value. 2 ETFs to consider.

CBSH

2 minute read

Uncategorized

Regional, Big U.S. And Global Banks Shake From SVB Collapse On Wednesday

By Natan Ponieman

March 15, 2:35 PM

Bank stocks have been suffering since the collapse last week of SVB Financial Group (NASDAQ:SIVB), also known as…

BAC

2 minute read

Regional Bank Stocks Getting Crushed Monday: Here Are 19 Stocks Down 10% Or More

By Chris Katje

March 13, 10:43 AM

The collapse of Silicon Valley Bank (NASDAQ: SIVB) last week has sent the banking sector into a spiral, with the government stepping in to help backstop depositors. The news has regional banking stocks trading down significantly on Monday. Here’s what you need to know and the major movers.

ASRV