By Leslie N. Masonson, MBA Apollo Global Management, Inc. (APO) stock price has doubled to $90.81 since its low of $45.62 on October 13, 2022, with an average trading volume. However, since hitting a recent low of $78.39 on August 18th, it has surged to $93.18, marking a 19% increase in just 22 trading [...]
By Leslie N. Masonson, MBA Arch Capital Group Ltd. (ACGL) is a Nasdaq-listed firm that was incorporated in Delaware in 1995 but is headquartered in Pembroke, Bermuda, with 5,800 employees. There are 373 million shares outstanding. Revenues totaled $1.8 billion, and ACGL’s market cap is $29.04 billion. The company and its multiple subsidiaries offer [...]
On Tuesday after the market closed, Wells Fargo & Company (WFC) released a statement that its board of directors approved an increase to the quarterly common stock dividend - much to the delight of investors. The company was already paying a quarterly dividend of $0.30, but the company has raised that up to $0.35 [...]
by Leslie N. Masonson, MBA Blackstone Inc., a NYSE-listed firm (BX), founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, went public in 2007. It is headquartered at 345 Park Avenue in New York City, with a workforce of nearly 4,700 and revenues of $7.3 billion, and a market-cap of $132 billion. [...]
By Leslie N. Masonson, MBA Berkshire Hathaway Inc. Class B (BRKB: NYSE), based in Omaha, NE, and incorporated in 1998 is presided over by the world-renowned stock sage Warren Buffet (94), also known as the “Oracle of Omaha” and his young 99-year-old sidekick Charlie Munger. The company held its 2023 Annual Meeting on May [...]
PayPal (PYPL) delivered first-quarter earnings on Monday after the market closed. The market responded Tuesday by sending shares off a cliff, as the company has lost more than 10% since. This reaction has many perplexed as the earnings report was mostly positive. PayPal saw a 10% growth in total payment volume year over year [...]
Morgan Stanley (MS) joined other investment banking companies in reporting a lackluster first quarter - one that saw a decline in revenue and profit figures. The company fell victim to a steep drop-off in investment banking revenue, as deals dried up amidst a challenging economic environment. Revenue for the quarter fell 2% from this [...]
Last Tuesday (March 21st) we wrote about the rumors that First Citizens Bank (FCNCA) had thrown its own bid in the mix for the failed Silicon Valley Bank (SVB). And today, those rumors proved true as the US FDIC has announced a deal that will have First Citizens Bank purchase SVB’s deposits and loans [...]
It’s been reported that First Citizens Bank (FCNCA) has thrown its hat in the ring in an effort to acquire the recently failed Silicon Valley Bank (SVB). Rumor has it that on Sunday, the Raleigh, North Carolina-based lending & banking company submitted a bid to buy all of SVB. But, as of right now, [...]
While the financial services industry as a whole is struggling right now - no thanks to the SVB run - there is a single company that is struggling more than others: Charles Schwab (SCHW). The stock has dropped another 12% in the past week and shows no signs of slowing down anytime soon. CFO [...]
