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Farmers & Merchants Trust Co of Chambersburg PA Has $4.28 Million Stake in Apple Inc. (NASDAQ:AAPL)
Farmers & Merchants Trust Co of Chambersburg PA reduced its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,248 shares of the iPhone maker’s stock after selling […]
americanbankingnews - 10:28 Fri - story - AAPL US 
Tesla's shady Q1 results (real GAAP EPS at $0.12 or 65% below reported EPS)
Deferred FSD Revenue Recognition May Have Boosted Q1 Profits Significantly Teslas Q1 revenues missed by 2.3% and non-GAAP EPS was 8.2% below estimates (see Figure 3). This was not as bad as had been feared and the stock ripped upwards by 13.3% in after-hours trading. Despite continued price cuts, a one-month shutdown of production at their German factory, and 20% lower deliveries than in Q4 2023, Tesla somehow managed to eke out roughly flat Automotive gross margins of 18.5% in Q1 versus 18.9% in Q4 2023. Imagine having flat gross margins despite 20% lower volumes and roughly 5% lower prices. This sounded alarm bells in my head and it turns out to be the biggest takeaway from the Q1 results: deferred FSD revenue recognition must have been huge. While Tesla noted in their Shareholder Deck that they recognized deferred FSD revenues in Q1, they did not provide a number and none of the analysts on the earnings call asked about it. A few facts about Teslas FSD deferred revenue
reddit - 10:50 Fri - story - TSLA US 
ExxonMobil Announces First-Quarter 2024 Results
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Results Summary Dollars in millions (except per share data) 1Q24 4Q23 Change vs 4Q23 1Q23 Change vs 1Q23 Earnings (U.S. GAAP) 8,220 7,630 +590 11,430 -3,210 Earnings Excluding Identified Items (non-GAAP) 8,220 9,963 -1,743 11,618 -3,398 Earnings Per Common Share 2.06 1.91 +0.15 2.79 -0.73 Earnings Excluding Identified Items Per Common Share (non-GAAP) 2.06 2.48 -0.42 2.83 -0.77
feed businesswire - 10:30 Fri - story - XOM US 
Glen Burnie Bancorp Announces First Quarter 2024 Results
GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (Bancorp) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (Bank), today reported results for the first quarter ended March 31, 2024. Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023. On March 31, 2024, Bancorp had total assets of $369.9 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 127 th consecutive quarterly dividend on May 6, 2024.
globenewswire - 14:28 Fri - story - GLBZ US 
abrdn plc Acquires 117,259 Shares of Fifth Third Bancorp (NASDAQ:FITB)
abrdn plc raised its position in Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 70.0% in the fourth quarter, HoldingsChannel reports. The fund owned 284,729 shares of the financial services provider’s stock after purchasing an additional 117,259 shares during the quarter. abrdn plc’s holdings in Fifth Third Bancorp were worth $9,820,000 as of its most […]
americanbankingnews - 6h ago - story - FITB US 
Cwm LLC Grows Stock Holdings in Old National Bancorp (NASDAQ:ONB)
Cwm LLC boosted its stake in shares of Old National Bancorp (NASDAQ:ONB – Free Report) by 8,429.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 86,578 shares of the bank’s stock after purchasing an additional 85,563 shares during the quarter. Cwm LLC’s holdings in Old National Bancorp were worth $1,462,000 at the end […]
americanbankingnews - 6h ago - story -  
Drought relief package welcomed by some WA farmers, but others say it's just a 'bandaid'
Millions of dollars in financial and mental health support will be made available to West Australian farmers next month as drought conditions cause dams to dry up and feedstock to dwindle.
abc net au - 07:03 Fri - story -  
What Benefits Can Embedded Finance Offer Merchants and Their E-Commerce Checkouts?
Experts from #PayUGPO, @cheaperpayments, @hokodotech, @Enfuce, @HelloThredd, @DivideBuy, @TreviPay and @Visualsoft discuss the benefits embedded finance solutions can provide for #eCommerce #checkouts. The post What Benefits Can Embedded Finance Offer Merchants and Their E-Commerce Checkouts? appeared first on The Fintech Times .
thefintechtimes - 14:30 Fri - story -  
Xponance Inc. Has $720,000 Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)
Xponance Inc. grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,976 shares of the company’s stock after acquiring an additional 209 shares during the quarter. Xponance Inc.’s holdings in Sprouts Farmers Market were worth $720,000 as of its most recent […]
americanbankingnews - 6h ago - story - SFM US 
Forbes Names S&T Bancorp as One of America's Best Banks
INDIANA, Pa., April 26, 2024 /PRNewswire/ -- S&T Bancorp Inc. (NASDAQ: STBA), the holding company for S&T Bank, today announced its inclusion in the Forbes list of America's Best Banks. The annual ranking, which was recently published on the Forbes website, is based on metrics measuring...
prnewswire:443 - 19:11 Fri - story -  
Microsoft's Azure Strength Could Rub Off On This Warren Buffett-Backed Stock And Another Big Cloud Player, Says Analyst
Software giant Microsoft Corp. (NASDAQ: MSFT ) reported Thursday after the market close strong third-quarter results, sending its stock higher. On Cloud Nine: Microsoft attributed the strong quarterly performance, primarily to its Cloud business. “This quarter Microsoft Cloud revenue was $35.1 billion, up 23% year-over-year, driven by strong execution by our sales teams and partners,” CFO Amy Hood said in a statement. Microsoft’s Azure public cloud and other cloud services saw both GAAP and constant currency revenue growth of 31%. Speaking on the earnings call, CEO Satya Nadella said, “Azure again took share as customers use our platforms and tools to ... Full story available on Benzinga.com
benzinga - 11:41 Fri - story - MSFT US 
NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES NEW EMPLOYMENT INDUCEMENT AWARDS
HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the 'Company') today announced that it has approved employment inducement awards to three individuals who have recently become executives of the Company. In connection with the appointments of...
prnewswire:443 - 21:00 Fri - story -  
Cwm LLC Buys 1,214 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)
Cwm LLC raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,533 shares of the bank’s stock after acquiring an additional 1,214 shares during the quarter. Cwm […]
americanbankingnews - 6h ago - story - GBCI US 
Apple Inc. (NASDAQ:AAPL) Shares Sold by First Bancorp Inc ME
First Bancorp Inc ME cut its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,219 shares of the iPhone maker’s stock after selling 4,236 shares during the quarter. Apple accounts for […]
americanbankingnews - 10:28 Fri - story - AAPL US 
Pinnacle Bancorp Inc. Has $3.73 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Pinnacle Bancorp Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,544 shares of the e-commerce giant’s stock after selling 374 shares during the period. Amazon.com accounts for approximately […]
americanbankingnews - 6h ago - story - AMZN US 
Federated Hermes Inc. Boosts Stake in Old National Bancorp (NASDAQ:ONB)
Federated Hermes Inc. lifted its position in Old National Bancorp (NASDAQ:ONB – Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,484 shares of the bank’s stock after buying an additional 53,792 shares during the quarter. Federated Hermes Inc. owned approximately […]
americanbankingnews - 11:22 Fri - story -  
NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS
HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the 'Company') today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders. The meeting will be held in a virtual format only, via...
prnewswire:443 - 21:08 Fri - story -  
Lake Shore Bancorp, Inc. Declares First Quarter 2024 Dividend
DUNKIRK, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the Company) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the Bank), announced yesterday that it received the written approval from the Federal Reserve Bank of Philadelphia (the Reserve Bank) to pay a cash dividend of $0.18 per share to its stockholders.
globenewswire - 14:24 Fri - story - LSBK US 
Bordeaux fine wine market could use a stiffener
The antiquated system of setting prices is frustrating for merchants and their customers
ft - 13h ago - story -  
Colgate-Palmolive Eyes Strong Levels of Brand Investment Following Q1 Performance, Raises Annual Revenue Growth Outlook
Colgate-Palmolive Company  (NYSE: CL ) shares are trading slightly higher after the consumer giant reported first-quarter FY24 sales growth of 6.2% year-on-year to $5.065 billion,  beating the analyst consensus estimate of $4.956 billion . Organic sales increased by 9.8%. Total Oral, Personal, and Home Care net sales increased by 6.8% to $3.96 billion. Non-GAAP EPS of $0.86  beat the consensus estimate of $0.81. Gross profit was $3.03 billion, while the ... Full story available on Benzinga.com
benzinga - 12:44 Fri - story - CL US 
Shopify sets its sights on big-ticket clients
The ecommerce platform for millions of merchants has ambitious plans to expand at the high end
ft - 09:00 Fri - story -  
What Analysts Are Saying About Customers Bancorp Stock
Throughout the last three months, 4 analysts have evaluated Customers Bancorp (NYSE: CUBI ), offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $68.5, a high estimate of $77.00, and a low estimate of $61.00. This upward trend is apparent, with the current average reflecting a 9.16% increase from the previous average price target of $62.75. Analyzing Analyst Ratings: A Detailed Breakdown An in-depth analysis of recent an
benzinga - 15:00 Fri - story -  
Microsoft Q3 Results: Firm tops Wall Street targets, driven by AI investment
Microsoft beats revenue expectations with AI adoption in cloud services. Stock jumps 4%. Forecasted cloud revenue above Wall Street. Microsoft's value increased by $128 billion. Azure revenue exceeded estimates.
economictimes indiatimes - 03:14 Fri - story - MSFT US 
Microsofts push into AI is paying off as revenue beats expectations at $61.9 billion
Microsoft's strategic focus on artificial intelligence (AI) is yielding substantial returns, as evidenced by its impressive third-quarter revenue performance, surpassing Wall Street expectations. Read more: Microsofts push into AI is paying off as revenue beats expectations at $61.9 billion
bmmagazine co uk - 08:16 Fri - story - MSFT US 
US Regulators Seize Republic First Bancorp, Fulton Bank Steps In As Buyer Amid Regional Banking Woes
Republic First Bancorp (OTC: FRBK ) has been seized by U.S. regulators and sold to Fulton Bank , a unit of Fulton Financial Corp (NASDAQ: FULT ). This comes a year after the collapse of three of its peers amid a regional bank crisis . What Happened : The Philadelphia-based Republic First, which had previously halted funding negotiations with a group of investors, was taken over by the Pennsylvania Department of Banking and Securities, reported the Federal Deposit Insurance Corp. (FDIC) on Friday. Fulton Bank will acquire almost all of Republic Bank’s assets and deposits to safeguard the depositors. Republic Bank had approximately $6 billion in total assets and $4 billion in total deposits as of Jan. ... Full story available on Benzinga.com
benzinga - 11h ago - story - FULT US 
TFI International grows revenue, but profit slides in Q1
TFI International grew revenue in the first quarter but saw profits slide due to weaker overall market conditions. TFI International performed well in a challenging environment, while making notable advancements […]
trucknews - 14:34 Fri - story -  
Elon Musk Says Ad Revenue Sharing Will Be 'Paused' For Some X Creators Over Pending Investigation Into 'Use Of Bots To Spam Likes, Replies'
Elon Musk announced the suspension of ad revenue sharing for certain creators on his social media platform, X , formerly Twitter , due to bot spamming . What Happened: Musk took to X to reveal that the ad revenue sharing for some creators will be paused. This decision comes as a response to an ongoing investigation into the bot problem on his social media platform. 'Ad revenue sharing will be paused for some creators pending investigation into use of bots to spam likes, replies, DMs, etc.' Ad revenue sharing will be paused for some creators pending investigation into use of bots to spam likes, replies, DMs, etc — Elon Musk (@elonmusk) April 26, 2024 The billionaire entrepreneur emphasized the purpose of creator payouts. However, he noted that some ... Full story available on Benzinga.com
benzinga - 14h ago - story - TSLA US 
ACM Research Announces Preliminary Unaudited Revenue and Shipments for the First Quarter 2024
Coincides with Release of ACM Shanghai First Quarter 2024 Results ACM Reaffirms 2024 Revenue Outlook
globenewswire - 10:10 Fri - story -  
Whats your thoughts on Hertz (HTZ)?
Theyve been profitable, in 2022 having a revenue of $8.69B and net income of $2.06B, a 23.71% margin. But thanks to a since replaced CEOs idea to buy 60,000 EVs that have depreciated $440M since 2021, their earnings were terrible the last two quarters. Right now their market cap is $1.35 billion, less than 2022 revenue and with an enterprise value of $19.5B, they seem incredibly undervalued. submitted by /u/TakingChances01 [link] [comments]
reddit - 17:10 Fri - story - HTZ US 
Snapchat parent soars 25% after beating revenue, user growth estimates
Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth.
economictimes indiatimes - 14:54 Fri - story -