Shares of regional banks fell after some of the larger players reported double-digit profit declines in the first quarter. **PNC Financial** said net income fell 22% from a year earlier to $1.2 billion, or $3.10 a share. At **M&T Bank**, net income dropped by a quarter to $505 million, the bank said Monday.
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.
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
MPLX is a well-oiled cash-producing machine.
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.
"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn."
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 ...
This stock is clearly a favorite of both famous billionaires.
Warren Buffett will take hours of questions from shareholders on Saturday without his right-hand man, Charlie Munger, for the first time in decades.
These highly advantaged businesses have what they need to keep raising their dividend payouts.