Category: Latest News
-
PNC Financial Services Tops Q3 Estimates as Fee Income Jumps 9%
(NYSE:PNC) reported stronger-than-expected third-quarter results on Wednesday, fueled by solid fee income growth and tight expense management. Despite the upbeat performance, shares dipped 0.91% in pre-market trading. The Pittsburgh-based banking group posted earnings of $4.35 per share, well above analyst estimates of $4.04. Total revenue came in at $5.92 billion, surpassing the $5.83 billion consensus…
-
First Horizon Shares Edge Higher After Q3 Earnings Beat Expectations
First Horizon Corporation (NYSE:FHN) shares rose 1.39% in pre-market trading on Wednesday after the regional bank delivered third-quarter results that surpassed analyst forecasts, driven by improved profitability and strong credit quality. The Memphis-based financial institution reported adjusted earnings per share of $0.51, beating consensus estimates of $0.44 by $0.07. Net income available to common shareholders…
-
Citizens Financial Group Shares Jump Over 4% After Strong Q3 Earnings Beat
(NYSE:CFG) shares climbed more than 4% in pre-market trading on Wednesday after the bank reported third-quarter earnings that topped Wall Street expectations. The Providence-based lender posted adjusted earnings per share of $1.05, exceeding analyst estimates of $1.03 by $0.02. Management highlighted “excellent NII and fee growth” and a 3% sequential increase in positive operating leverage,…
-
Synchrony Financial Shares Gain After Q3 Results Smash Expectations
Synchrony Financial (NYSE:SYF) saw its shares edge higher in pre-market trading Wednesday after posting third-quarter results that handily topped Wall Street forecasts, driven by stronger credit performance and robust net interest income. The stock climbed 1.59% ahead of the market open following the earnings release. The company reported earnings of $2.86 per share, well above…
-
Nuclear and Uranium Stocks Rise as Washington–Beijing Tensions Intensify
Nuclear and uranium stocks climbed in premarket trading on Wednesday, with investors increasingly positioning for potential gains in the sector as trade frictions between the U.S. and China deepen. Strategists at B. Riley Financial noted that U.S. national security priorities could continue to support the rally in nuclear-linked equities. “On the nuclear fuel front, the…
-
Apple launches MacBook Pro M5 with leap in AI and graphics performance
Apple (NASDAQ:AAPL) announced the new 14-inch MacBook Pro with the M5 chip, promising a leap in artificial intelligence performance and up to 1.6 times faster graphics. The processor features a 10-core GPU and a neural accelerator in each core, ensuring performance up to 3.5 times faster than the previous generation. With a faster CPU and an improved Neural…
-
Gold Smashes $4,200 as Investors Flock to Safety — Yardeni Predicts Prices Could Hit $10,000
Gold’s historic rally shows no sign of slowing, and analysts at believe the precious metal could eventually surge to $10,000 per ounce before the decade ends — or even sooner — if current market drivers persist. On Wednesday, bullion soared past $4,200 per ounce for the first time in history, fueled by growing expectations of…
-
Dow Jones, S&P, Nasdaq, Futures, Wall Street Poised for Higher Open on Strong Bank Earnings
U.S. stock index futures were pointing to early gains on Wednesday, with major averages expected to move higher as investors responded positively to strong quarterly results from top financial institutions. A better-than-expected earnings season kickoff from Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) appeared to set the tone for a firmer open. Shares of…
-
New York Manufacturing Rebounds Sharply in October
Manufacturing activity in New York state showed a strong rebound in October, according to new data published Wednesday by the Federal Reserve Bank of New York. The regional Fed’s general business conditions index climbed to 10.7 this month from -8.7 in September, signaling a return to expansion after a sharp contraction. A positive reading indicates…
-
Roundtable and RYVYL secure NASDAQ listing ahead of merger, announce equity investment and reverse stock split plan
Roundtable CEO James Heckman and RYVYL Inc. (NASDAQ:RVYL) announced today that RYVYL has received confirmation from Nasdaq that it now meets the required shareholder equity threshold, removing the company from delisting risk and clearing a key hurdle ahead of its planned merger with Roundtable. The compliance milestone follows a direct capital injection from Roundtable into…