(Reuters) -New York Community Bancorp will rename itself as Flagstar Financial, the U.S. regional lender said on Tuesday, amid efforts to turn around its struggling business.The bank came under pressure after it reported in January increased stress in its commercial real estate portfolio that also rekindled concerns over the health of the sector recovering from the failures of a slew of regional banks in 2023.Under Joseph Otting, a former comptroller of the currency who was named CEO in March, NYCB has laid out a plan to return to profitability and vowed to shrink its balance sheet by reducing non-core assets.The…
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Wayfair Inc .’s (NYSE:) Chief Commercial Officer, Jon Blotner, recently sold 4,600 shares of the company’s Class A Common Stock. The shares were sold at a price of $53.60 each, totaling $246,560. This transaction was carried out on October 14, 2024, under a Rule 10b5-1 trading plan that Blotner adopted on November 30, 2023. Following this sale, Blotner holds 52,078 shares in the company. In other recent news, Wayfair has made significant financial strides through the successful closure of an $800 million private offering of senior secured notes. The company reported a net revenue of $11.9 billion for the twelve…
Goldman Sachs Group Inc (NYSE:) reported robust third-quarter results for 2024, with net revenues of $12.7 billion and earnings per share of $8.40, marking a 54% increase year-over-year. The company’s return on equity (ROE) stood at 10.4%, while return on tangible equity (ROTE) reached 11.1%. Key Takeaways:Net revenues: $12.7 billionEarnings per share: $8.40 (54% increase year-over-year)Return on equity (ROE): 10.4%Return on tangible equity (ROTE): 11.1%Assets under supervision: Over $3 trillion (record high)Common equity Tier 1 ratio: 14.6% Company Outlook Confident in growth trajectoryFocus on enhancing durable revenue streamsNavigating evolving regulatory landscapeExpecting alternatives fundraising to exceed $60 billion in 2024Aiming to…
Roger Jeffs, the Chief Executive Officer of Liquidia Corp (NASDAQ:LQDA), recently sold shares in the company valued at approximately $89,450. The transaction, which occurred on October 14, involved the sale of 8,053 shares at a price of $11.1077 per share. This sale was executed under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Jeffs adopted in December 2023. Following the transaction, Jeffs maintains direct ownership of 812,193 shares. Additionally, he holds indirect ownership through the Roger A. Jeffs Living Trust and Serendipity BioPharma LLC, with 46,595 and 1,541,667 shares, respectively. The shares sold were part of a…
CNBC’s Jim Cramer critiqued the market action Tuesday and advised investors not to trade when stocks react immediately to earnings reports, as some of these moves are not necessarily warranted.”This is just the sloppy way that Wall Street reconsiders the price of a stock when compared to its peers and some parsed headlines during earnings season,” he said. “If you’re not a professional, you should not be involved in this process.”Stocks traded “all over the map,” Cramer said, as investors began to digest earnings reports, with the Dow Jones Industrial Average shedding 0.75%, the S&P 500 dipping 0.76% and the…
The evolving landscape of the non-U.S. cannabis industry mirrors the early growth stages seen in the United States, which we outlined in our preceding article in this series. As recreational cannabis markets emerge, the consumer base expands from daily enthusiasts, who might even cultivate their own cannabis, to a wider demographic. In the U.S., younger individuals from diverse backgrounds are choosing cannabis over alcohol for a fun Saturday night, while older demographics are discovering its benefits for pain relief and the management of various health conditions. These trends in market maturity indicate what might be expected in regions such as…
Shares of memory leader Micron (NASDAQ: MU), Applied Materials (NASDAQ: AMAT), and KLA Corporation (NASDAQ: KLAC) plunged on Tuesday, down 4.3%, 10.9%, and 15.5%, respectively, as of 3:28 p.m. ET.Semiconductor stocks largely sold off across the board today after equipment leader ASML Holdings (NASDAQ: ASML) accidentally leaked its third-quarter results and outlook, which were supposed to be published tomorrow.The results and guidance were highly disappointing, sending fears across the sector.ASML disappoints on a “slower than expected” recoveryIn the leaked press release, ASML showed 11.2% revenue growth and 9.1% earnings-per-share (EPS) growth, which aren’t terrible growth figures by any means, with…
Alzheimer’s Intelligence project demonstrates how smarter AI can empower people and give different communities a voice around future innovation SEATTLE–(BUSINESS WIRE)–Today at Lenovo Tech World, Lenovo™ in collaboration with Innovations in Dementia, launched Alzheimer’s Intelligence, a photorealistic 3D avatar with custom AI based on the lived experiences of people with dementia and Alzheimer’s. This proof-of-concept project gives people and families navigating a diagnosis of dementia 24-hour access to a conversational avatar that offers curated advice that prioritizes accuracy, privacy, and compassion.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015879964/en/’Liv’ the Alzheimer’s intelligence avatar being used by Ahmad Krayem,…
Stock futures were calm on Tuesday evening as Wall Street looks to see whether equities can be rebound to record highs this week.Futures tied to the S&P 500 were down less than 0.1%. Nasdaq 100 futures ticked lower by less than 0.1%, while Dow Jones Industrial Average futures shed just 21 points.The Dow and S&P 500 both slipped from their recent records during Tuesday’s regular trading session, falling 0.75% and 0.76%, respectively. The Nasdaq Composite fell 1.01%, but is still less than 2% from its own record high. Tech stocks – semiconductors, in particular – weighed on the S&P 500…
In a recent transaction reported by Camp4 Therapeutics Corp (NASDAQ:CAMP), Polaris (NYSE:) Partners X, L.P., a significant stakeholder, acquired a substantial amount of common stock. The purchase, totaling 909,090 shares, was made at a price of $11.00 per share, amounting to a total value of approximately $9.99 million. The transaction was part of a series of activities on October 15, 2024, involving several entities associated with Polaris. The shares are directly owned by Polaris Partners X, L.P., with Polaris Partners GP X, L.L.C. acting as the general partner. This acquisition further consolidates Polaris’s position as a ten percent owner in…