US Stock Reports, Quotes and News
CrossFirst Bankshares, Inc. (NASDAQ:CFB) has announced positive financial outcomes for the first quarter of 2024, with total assets reaching a new high of $7.5 billion and an 8% annualized loan growth. The company reported a net income of $18.2 million, translating to $0.36 earnings per share, marking a 3% increase from the previous quarter.
Mercantile Bank Corporation (NASDAQ:MBWM) announced strong financial outcomes for the first quarter of 2024, with earnings of $1.34 per share and revenues of $58.2 million. The bank declared a cash dividend of $0.35 per share, while emphasizing growth in core local deposits, asset quality, and a solid commercial loan pipeline.
UnitedHealth Group (NYSE:UNH) maintained a positive outlook in its first quarter 2024 earnings call despite a significant cyberattack on its subsidiary, Change Healthcare (NASDAQ:CHNG). CEO Andrew Witty and CFO John Rex detailed the financial impact of the incident and discussed the company\’s performance and strategies.
Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.
Morgan Stanley (MS) has reported robust first-quarter results for 2024, marking a significant surge in its wealth management business. The firm announced $15 billion in revenue, alongside an earnings per share (EPS) of $2.02 and a return on tangible equity of 20%. The company\’s wealth management division recorded record revenues and net new assets totaling $95 billion.
Northern Trust Corporation (NASDAQ:NTRS) reported a net income of $215 million for the first quarter of 2024, with earnings per share at $0.96. The company highlighted strong growth in assets under custody and administration, alongside assets under management, due to favorable equity markets and client inflow.
Johnson & Johnson (JNJ), a global healthcare giant, reported a 3.9% increase in worldwide sales, hitting $21.4 billion for the first quarter of 2024. The U.S. market saw a 7.8% increase, although international sales slightly declined by 0.3%. Excluding the COVID-19 vaccine impact, operational sales growth was 7.6% worldwide.
BNY Mellon (NYSE: BK) delivered a strong performance in the first quarter of 2024, with a 3% year-over-year (YoY) increase in total revenue to $4.5 billion and an 11% rise in earnings per share (EPS) to $1.25. The company experienced growth across various segments, including investment services fees and a notable 8% increase in servicing fees.
Guaranty Bancshares, Inc. (NYSE:GNTY), a Texas-based banking institution, reported a solid first quarter for 2024, despite taking a conservative approach to its balance sheet due to economic uncertainties. The bank saw a slight decrease in total assets and liabilities, with a strategic decision to shrink its balance sheet.
Goldman Sachs (GS) has delivered strong first-quarter results for 2024, with net revenues reaching $14.2 billion and net earnings of $4.1 billion. The company\’s Global Banking & Markets segment was a significant contributor, generating $9.7 billion in revenues, thanks to notable performances in advisory, equity underwriting, and debt underwriting.
Inspired Entertainment, Inc. (INSE), a global gaming technology company, reported a fourth-quarter EBITDA of $26.5 million, aligning with market consensus and showing a slight improvement over the previous year. The company\’s full-year EBITDA for its digital business grew by 12% to $63.1 million, driven by new content and market share expansion in the interactive segment.
Laser Photonics (LASE) reported its fourth-quarter and full-year results for 2023, announcing a significant increase in revenue and outlining strategic plans for the upcoming year. The company, which specializes in CleanTech product lines, saw a 673% growth in quarterly revenue to $0.8 million compared to the restated $0.1 million in the previous year.