Cadence Bank, Banner Bank, Banc of California, Atlantic Union Bankshares, and Northwest Bancshares Stocks Trade Up, What You Need To Know [Yahoo! Finance]
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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cadencebank.com/about/investor-relations-overview
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Source: Yahoo! Finance
A number of stocks jumped in the afternoon session after the earnings season got off to a strong start as several big banks reported third-quarter results that surpassed Wall Street's expectations. The positive results were driven by a rebound in investment banking and strong trading desk performance. JPMorgan Chase reported a significant jump in profit and revenue, boosted by increased trading and dealmaking. Similarly, Wells Fargo saw its shares climb after reporting strong net interest income and raising its guidance. Citigroup also exceeded revenue estimates across all its business lines. While Goldman Sachs also beat expectations, its shares dipped slightly on news of potential job cuts aimed at curbing costs. Overall, the strong reports from these financial giants suggest a healthy pickup in corporate activity and trading. Also, Fed Chair Jerome Powell gave investors a major reason for optimism by suggesting the Fed could soon stop its quantitative tightening (QT) program.
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