Tag: Earnings

M&T Bank: A Cheap Valuation Sets Up The Stock To Bounce After Third Quarter Earnings (NYSE:MTB)

Investment Thesis

Headquartered in Buffalo, New York, M&T Bank Corporation (MTB) is a $140 billion asset holding company and parent to M&T Bank. MTB has offices located throughout the Northeastern United States. Specifically, the bank has 785 branches located in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and a few other states.

While MTB is more of your classical “loans and deposits” type community banks, relative to super regional peers, it does have a strong wealth management presence associated with its Wilmington Trust business. While most other banks focus on growth first, I believe MTB is more focused on sound credit quality above all else. As one can see from the charts below (under “Credit Analysis”), the bank did quite well during the last recession in terms of credit pain.

As one can see from the valuation chart below, the current valuation (in terms of Price to Tangible

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Business of Football: Dak Prescott’s injury won’t significantly hurt his career earnings

In the aftermath of Dak Prescott’s bone-chilling injury and reaction on Sunday, many have asked me about his business decision to turn down a multi-year offer from the Cowboys to instead play on a one-year contract with no security beyond it. Here are some thoughts.

We do not know what the Cowboys were offering, but we do know from their contract history that they prefer long deals—the longer the better—with guarantees only in the low-risk early years of the deal. They have previously signed star players to contracts with lengths up to 10 years, which are essentially one- or two-year contracts with team options following that. Amid that landscape, the Chiefs and Patrick Mahomes agreed to a 12-year deal, one that only secures $63 million over the next three years (Ryan Tannehill is making $91 million over the same time frame). Wanting both a better deal from the Cowboys and

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Citigroup, Goldman Sachs, Johnson & Johnson, Walgreens and More Major Earnings This Week

ThinkstockA new earnings reporting season kicks off this week, with the big banks and a few other companies leading the way. Although coronavirus concerns have been minimized as the broad markets have stabilized, there still will be an impact on these reports.

Banks will be central in leading the economic recovery, through small business lending, among other things. The numbers that these institutions post will be an important barometer for what comes next.

24/7 Wall St. has put together a preview of some of the major companies kicking off the new earnings reporting season.

Citigroup Inc. (NYSE: C) is expected to reveal its third-quarter results on Tuesday before the open. The consensus estimates call for $0.90 in earnings per share (EPS), as well as $17.17 billion in revenue. Citigroup stock recently has been trading near $45 a share. The consensus price target is $65.36. The stock has a 52-week

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Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter

NEW YORK (Reuters) – While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been.

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

Analysts expect third-quarter S&P 500 earnings to have fallen 21% compared with the year-ago quarter, a big improvement from second-quarter’s 30.6% drop that was most likely the low point for earnings this year because of coronavirus-fueled lockdowns, according to IBES data from Refinitiv.

Earnings reporting will get rolling next week with results from some of the big U.S. banks, likely impacted by near record low interest rates and the pandemic-induced recession. JPMorgan & Co. JPM.N and Citigroup C.N both release results on Tuesday.

(Graphic: S&P

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Wall Street Week Ahead: U.S. Earnings Improvement Expected, but Still a Weak Quarter | Investing News

NEW YORK (Reuters) – While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been.

Analysts expect third-quarter S&P 500 earnings to have fallen 21% compared with the year-ago quarter, a big improvement from second-quarter’s 30.6% drop that was most likely the low point for earnings this year because of coronavirus-fueled lockdowns, according to IBES data from Refinitiv.

Earnings reporting will get rolling next week with results from some of the big U.S. banks, likely impacted by near record low interest rates and the pandemic-induced recession. JPMorgan & Co.

and Citigroup

both release results on Tuesday.

(Graphic: S&P 500 Q3 earnings look bad, but not as bad as Q2 – https://graphics.reuters.com/USA-STOCKS/azgvoaoyzvd/chart.png)

Overall, S&P 500 quarterly results tend to beat analysts’ cautious expectations, and they could do

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Will MasterCard (MA) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering MasterCard (MA), which belongs to the Zacks Financial Transaction Services industry.

This processor of debit and credit card payments has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 12.33%.

For the last reported quarter, MasterCard came out with earnings of $1.36 per share versus the Zacks Consensus Estimate of $1.15 per share, representing a surprise of 18.26%. For the previous quarter, the company was expected to post earnings of $1.72 per share and it actually produced earnings of $1.83 per share, delivering a surprise of 6.40%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for MasterCard. In fact, the

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This Week: Services report, Domino’s earnings, jobless aid

The Institute for Supply Management releases its September index on the service sector on Monday

A look at some of the key business events and economic indicators upcoming this week:

SERVICES SNAPSHOT

The Institute for Supply Management releases its September index on the service sector Monday.

Growth in the U.S. services sector, where most Americans work, slowed in August after bouncing back in June and July. The Institute for Supply Management index of services activity fell in August to a reading of 56.9. Any reading above 50 indicates growth.

April 41.8

May 45.4

June 57.1

July 58.1

Aug. 56.9

Sept. (est.) 56.2

Source: FactSet

HOT DOMINO’S

Domino’s releases its third quarter earnings on Thursday.

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Aurora’s Earnings Disappointment, Michigan’s Great Week, And More

This was a tough week for cannabis stocks, with all ETFs down driven by disappointing earnings reports.



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Over the five trading days of the week:

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The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 6.8% The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was down 7% The Cannabis ETF (NYSE: THCX): was down 9% The Amplify Seymour Cannabis ETF (NYSE: CNBS): tumbled 3.8% The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 0.4%.

The news was dominated by Aurora Cannabis Inc. (NYSE: ACB)’s fourth-quarter earnings report. The Edmonton, Canada-based company said it lost more than CA$3.3 billion ($2.5 billion) in the fiscal year closing Tuesday.

Total net revenue of CA$72.1 million ($54.1 million) signified a 5% drop from the previous quarter. Net revenue for consumer cannabis in the recreational market was CA$35.3 million ($26.7 million) dropping 9% from the previous quarter. Medical cannabis net revenue

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China Finance Online Co. Limited (JRJC) CEO Zhiwei Zhao on Q2 2020 Results – Earnings Call Transcript

China Finance Online Co. Limited (NASDAQ:JRJC) Q2 2020 Results Earnings Call September 24, 2020 8:00 PM ET

Company Participants

Dixon Chen – IR

Zhiwei Zhao – CEO

Julie Zhu – Acting CFO

Conference Call Participants

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the China Finance Online Q2 2020 Conference Call. At this time all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]

I would now hand the conference over to your first speaker, Mr. Dixon Chen. Sir, please go ahead.

Dixon Chen

Thank you, operator. Welcome to China Finance Online’s 2020 second quarter and first six months financial results earnings conference call. With us today are Mr. Zhiwei Zhao, Chairman and CEO; and Ms. Julie Zhu, acting CFO. Mr. Zhao will provide a summary of business dynamics in the quarter, and then Ms. Julie will

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Nike (NKE) reports fiscal Q1 2021 earnings and revenue beat

Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through the holidays.

The company has used the coronavirus pandemic as an opportunity to accelerate its digital business, and its women’s apparel division grew nearly 200%. As parents stocked up on back-to-school items, and its business picked back up in key markets like China, Nike said its Jordan brand is looking “stronger than ever.”

The company also offered a fresh outlook for fiscal 2021, expecting sales to be up high single digits to low double digits from a year earlier. The outlook comes at a time when many of its rivals are avoiding financial guidance. 

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back,” CEO John Donahoe said during an

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