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Top related persons:
Curtis Farmer - 3 Morgan Stanley - 2 LSEG - 2 Jerome Powell - 1 John Pancari - 1 Pancari - 1 Truist - 1 FactSet - 1
Top related locs:
U.S Palo Berkley
Top related orgs:
Comerica - 2 FactSet - 2 Microsoft - 2 LSEG - 2 American Express - 2 Arm Holdings - 2 Federal - 1 ISI - 1

Search resuls for: "Curtis Farmer"


3 mentions found


☆ Trading Fed rate cuts: These banks are primed to outperform when rates fall, Evercore ISI says
  + stars: | 2024-08-24 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
A few well-known regional banks are poised to benefit from the Federal Reserve's upcoming interest rate cuts, according to Evercore ISI. Fed Chair Jerome Powell indicated on Friday that the central bank is ready for interest rate cuts ahead , although he declined to provide the exact timing or extent of the cuts. As investors await the Fed's moves, Evercore ISI used its updated asset/liability committee scenarios and several banks' net interest income commentary to find which names appear strongest in a lower interest rate environment. According to the note, Comerica, U.S. Bancorp and Fifth Third each forecast two interest rate cuts this year. Comerica shares dipped more than 10% on July 19 after the company posted its second-quarter results.
Persons: Jerome Powell, John Pancari, Pancari, Curtis Farmer, Truist Organizations: Federal, ISI, Comerica, Truist Financial, U.S . Bancorp, Fifth Third Bancorp, FactSet Locations: U.S
☆ Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more
  + stars: | 2024-07-19 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
American Express — Shares fell nearly 2% after the financial company reported second-quarter revenue of $16.33 billion, below the $16.59 billion expected from analysts polled by LSEG. However, American Express' adjusted earnings per share were $3.49, above the $3.25 consensus estimate. Comerica's net interest income came in at $533 million, above the $530.5 million expected from analysts polled by FactSet. Analysts surveyed by LSEG were expecting $1.54 in earnings per share on $1.97 billion of revenue. Earnings per share came in at $2.51 per share, excluding items, topping the $1.98 LSEG consensus estimate.
Persons: Curtis Farmer, Morgan Stanley, LSEG Organizations: Microsoft, LSEG, American Express, Comerica, FactSet, Revenue, Arm Holdings
☆ Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more
  + stars: | 2024-07-19 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
Plug Power – Shares of the green energy company plummeted 13%, on pace for its fourth-straight losing year. Comerica – Shares tumbled nearly 11% after the bank posted second-quarter financial results that reflected a decrease in net interest income from the prior-year quarter. American Express posted revenue of $16.33 billion, which is below the $16.59 billion expected from analysts polled by LSEG. In terms of earnings, the company posted $3.49 per share on an adjusted basis for the period, which is higher than the $3.24 per share analysts expected. The company posted $5.83 billion in revenue, missing the $5.95 billion analysts polled by FactSet were expecting.
Persons: FactSet, Curtis Farmer, LSEG, SLB, W.R, Morgan Stanley, Halliburton –, Huntington Bancshares, Huntington, CNBC's Hakyung Kim, Pia Singh Organizations: Microsoft, SentinelOne, Palo Alto Networks, Comerica –, Bloomberg News, American Express, LSEG, LSEG . Revenue, Arm Holdings, Halliburton Locations: Palo, Berkley
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