Higher-for-longer interest rates are continuing to weigh on Main Street banks. Regional banks posted steep profit declines in the first quarter and predicted more pain ahead. The results underscore the uneven toll that two years of higher interest rates have taken on regional banks, which tend to have plain-vanilla businesses taking in deposits and making loans.
An estimates-beating quarter and raised guidance made the company a pet stock for many investors.
(Bloomberg) -- The rally in tech heavyweights extended into late hours after better-than-estimated results from Apple Inc., with the iPhone maker also raising its dividend and announcing plans to buy back more stock.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesIn Jamie Dimon's Amer
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
Investors who buy Altria's stock for its dividend could be taking on some considerable risk.
This stock is clearly a favorite of both famous billionaires.
Four industry-leading businesses with deceptively fast earnings growth rates are ripe for the picking by opportunistic investors.
Dividend Kings are an elite group of companies that have consistently increased their dividends for at least 50 consecutive years. These companies have demonstrated a remarkable ability to generate steady cash flows and reward shareholders with ...
Vernon Hill’s Commerce Bancorp was about to open its first New York City branch in 2001 when his wife, Shirley, called wanting to know whether dogs could be allowed inside. Shirley Hill, also the branch designer, had been stopped from bringing the couple’s Yorkshire terrier, Sir Duffield, into other banks. Vernon Hill, the bank’s founder and chief executive, declared it “just another stupid bank rule” and launched a campaign to encourage dogs to visit Commerce.
This year’s Berkshire Hathaway annual shareholder meeting marked a new era for the Oracle of Omaha, Warren Buffett. It’s the investing legend’s first without his right-hand man, Charlie Munger.
But Warren Buffett praises the company and predicts Apple will remain Berkshire's biggest holding.