US Stock Reports, Quotes and News
Ramelius Resources (RMS.AX) has reported a record quarterly gold production, resulting in an upgraded full-year production guidance and a reduction in cost guidance. The company announced during its earnings call that it achieved a gold production of 86,928 ounces for the quarter, with an all-in sustaining cost of $1,344 per ounce.
Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first quarter of 2024, reporting $71.4 million, as revealed in their recent earnings call. The decline was attributed to a mark-to-market loss from equity securities and an increased FDIC special assessment. Despite a decrease in total gross loans, the bank saw a significant increase in total deposits.
Investing.com– Investors were seen sharply scaling back bullish positions on U.S. stock indexes over the past week, specifically the S&P 500 and the Nasdaq 100, as sentiment was battered by signs of sticky inflation and rising geopolitical tensions, Citi analysts said in a note.
Jabil (JBL) saw its shares fall 3% in premarket trading Friday after the electronics components maker said its Chief Executive Officer Kenneth Wilson has been placed on paid leave as of April 15, pending the completion of an investigation into violations of corporate policies.
In the first quarter of 2024, Sands Corporation (LVS) reported strong financial performance, bolstered by the continued growth of the Macao gaming market, which has reached $28 billion in annualized revenue. The company is optimistic about the market\’s future, projecting growth to $30 billion and beyond. With substantial investments in Macao and Singapore, Sands has positioned itself for industry-leading returns and captured high-value tourism. Despite ongoing renovations, the company achieved solid results, including a record EBITDA of $597 million in Singapore, and has increased its ownership interest in Sands China (OTC:SCHYY) to approximately 71%.
By Josh Ye, David Kirton and Brenda Goh
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.
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.
(Reuters) – PNC Financial (NYSE:PNC) Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.
Investing.com– U.S. stock index futures tread water in evening deals on Monday, extending a decline on Wall Street as risk appetite remained fragile in the face of geopolitical tensions in the Middle East and higher-for-longer interest rates.
A look at the day ahead in U.S. and global markets from Mike Dolan
By Shashwat Chauhan and Shristi Achar A