Tag: reports

During Greystone Logistics\’ recent Q3 earnings call, CEO Warren Kruger provided an overview of the company\’s performance and future prospects. Despite facing some challenges, including weaker-than-expected results due to supply chain timing issues, the company is looking forward to improvements with the arrival of a new tool. The implementation of this tool and retooling initiatives, such as the automobile pallet for major clients like Tesla (NASDAQ:TSLA), General Motors (NYSE:GM), and Ford (NYSE:F), are expected to bolster performance.

(Reuters) – WeWork Inc founder Adam Neumann has made a fresh push to buy back the firm even as it seeks hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on Thursday.

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.

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.

(Reuters) – The Biden administration is set to reject the construction of an access road to the Ambler mining district in northern Alaska, Politico reported on Tuesday, citing two people with knowledge on the decision.

(Reuters) – The European Union is set to fine Oreo maker Mondelez (NASDAQ:MDLZ) International for blocking cross-border sales, the Financial Times reported on Tuesday, citing people familiar with the matter.

PITTSBURGH – PNC Financial Services Group, Inc. (NYSE: NYSE:PNC) disclosed its first-quarter financial results, slightly surpassing Wall Street\’s earnings expectations but falling short on revenue forecasts.

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.

(Reuters) -The U.S. Department of Justice is expected to file an antitrust lawsuit against Live Nation Entertainment (NYSE:LYV) as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter.

M&T Bank (NYSE: MTB) has released its first-quarter financial results for 2024, showcasing a mix of strong loan growth and controlled expenses, alongside community-focused initiatives. The bank reported a stable Common Equity Tier 1 (CET1) ratio and a slight decrease in net interest income, while expenses only increased marginally compared to the previous year.