UnitedHealth shares are experiencing downward pressure. What’s pulling UNH shares down? Earnings Preview & HistoryUnitedHealth is expected to report earnings per share of $4.85 along with revenue of $110.77 billion. The company has beaten EPS estimates in 3 consecutive quarters.
In the most recent quarter, UnitedHealth Group reported EPS of $7.23, beating estimates of $6.56 by 0.10%. Revenue came in at $111.72B, exceeding the estimate of $109.57B by 0.02%.
Investors should watch Medicare Advantage membership trends and pricing commentary tied to the recent payment hike, since that’s the macro tailwind currently supporting sentiment in the group. They should also track growth in Optum’s services and pharmacy benefit businesses, which would need to offset any flat-to-down consolidated revenue.
Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price target of $432.63. Recent analyst moves include:
TD Cowen: Hold (Raises Target to $430.00) (July 14) Truist Securities: Buy (Raises Target to $480.00) (July 14) Keybanc: Overweight (Raises Target to $475.00) (July 14) UnitedHealth Shares TumbleUNH Price Action: At the time of publication, UnitedHealth shares are trading 2.20% lower at $415.85, according to data from Benzinga Pro.
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Palantir rozšiřuje partnerství s NVIDIA pro nasazení AI v utajovaných a odpojených vládních prostředích. Akcie byly při zveřejnění o 0,02 % výše na 133,75 USD.
Palantir Technologies stock is trading near recent lows. Where is PLTR stock headed? Palantir, NVIDIA Bring AI to U.S. Sovereign EnvironmentsThe offering combines NVIDIA’s AI platform with Palantir’s AIP, Ontology, Foundry, and Apollo products, enabling government agencies to deploy models in classified and air-gapped environments while continually improving them based on mission-specific feedback.
Palantir, Surf Air Expand SurfOSThe expanded partnership builds on the successful commercial launch of BrokerOS and a recent multi-million-dollar contract with Wheels Up to serve as the launch customer for Enterprise BrokerOS.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price target of $187.42. Recent analyst moves include:
DA Davidson: Upgraded to Buy (Raises Target to $175.00) (July 2) Wolfe Research: Upgraded to Peer Perform (June 16) Rosenblatt: Buy (Maintains Target to $225.00) (June 5) Palantir Shares Edge HigherPLTR Price Action: At the time of publication, Palantir shares are trading 0.02% higher at $133.75, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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AMC shares are advancing steadily. Why are AMC shares climbing? Earnings Preview & HistoryAMC Entertainment is expected to report a loss of 5 cents per share along with revenue of $1.45 billion.
In the most recent quarter, AMC reported a loss of 36 cents per share, missing estimates of 33 cent-loss by 0.09%. Meanwhile, Revenue came in at $1.04 billion, exceeding the estimate of $974.61 million by 0.07.
Investors will likely key in on whether stronger box-office demand is improving the quality of earnings, not just the headline revenue number.
That means watching attendance and admissions revenue per patron for signs that higher traffic is paired with pricing power and premium-format mix — a signal for whether the jump to an expected $1.45 billion in revenue is margin-accretive.
Food and beverage revenue and per-capita spending will also be closely watched, since concessions are typically a major profit driver for theaters, making stronger per-cap trends a tell that demand is translating into operating leverage.
Given how central balance-sheet concerns have been to the recent debate around the stock, any commentary on interest expense, liquidity, cash levels, or debt refinancing terms could move shares more than a modest EPS beat or miss.
Analyst Consensus & Recent ActionsThe stock carries a Hold rating with an average price target of $1.80 (range: $1.20 to $2.50) across 6 analysts. Recent analyst moves include:
Macquarie: Neutral (Raises Target to $2.00) (July 8) Citigroup: Sell (Raises Target to $1.20) (May 7) Benchmark: Upgraded to Buy (Target $2.50) (May 6) Above the Trend Lines, Below the Breakout PointAMC is trading at $2.02, which keeps it above its key longer-term trend gauges: it’s 10.1% above the 50-day SMA ($1.83), 30.2% above the 100-day SMA ($1.55), and 10.3% above the 200-day SMA ($1.83). The one near-term friction point is the 20-day SMA at $2.09, with the stock still trading 3.6% below that level—often a sign the tape is trying to transition from "bounce" to "trend."
The moving-average structure is still a tailwind: the 20-day SMA is above the 50-day SMA, and the golden cross in July (50-day SMA moving above the 200-day SMA) keeps the intermediate trend biased upward as long as price holds those longer averages. That said, the stock’s 12-month performance remains down 37.18%, so rallies can still run into overhead supply from prior breakdown zones.
Momentum is best read through RSI, which sits at 50.07—basically neutral—suggesting the stock isn’t stretched and could move either way as catalysts approach. RSI is a momentum gauge that helps show whether buying or selling pressure is getting "overdone," and right now it’s signaling balance rather than exhaustion.
Key Resistance: $2.00 — a round-number pivot that’s also sitting near the current price, making it a key "line in the sand" for follow-through AMC Shares Trend HigherAMC Price Action: At the time of publication, AMC shares are trading 3.47% higher at $2.03, according to data from Benzinga Pro.
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Raytheon ze společnosti RTX úspěšně předvedl NGSRI pro americkou armádu, který má nahradit Stinger. Test prokázal delší dosah, přesnost a vyšší ničivost.
Successful system tech demo proves range, accuracy and lethality of new surface-to-air missile
, /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, successfully demonstrated the company's Next Generation Short Range Interceptor (NGSRI), designed to replace Raytheon's Stinger® surface-to-air missile for the U.S. Army.
Multiple guided missiles were launched using the company's soldier-portable Command Launch Assembly (CLA) during the demonstration. Each shot showed the NGSRI system's ability to detect, track and intercept Army-simulated aerial threats with direct hits and target destruction.
The system's advanced performance is driven by the CLA and missile seeker's precision optics, paired with an innovative highly loaded grain solid rocket motor manufactured by Northrop Grumman. Together, these technologies significantly extend NGSRI's engagement range beyond current systems.
"Raytheon's NGSRI saw farther and locked faster, demonstrating superior target acquisition, longer range and greater lethality than Stinger – which is already the world's most in-demand and shoulder-fired air defense system," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "Our NGSRI solution builds on Stinger's historic global success by being easier to build and field, resulting in a more capable, affordable and rapidly producible weapon."
Over the past year, Raytheon has conducted several company-funded tests to prove and enhance NGSRI, along with two incremental demonstrations under contract with the Army.
NGSRI is a U.S. Army program to develop a short-range missile that will eventually replace the Stinger system. The missile will be able to be fired from a vehicle or shoulder-mounted launcher. As the manufacturer of the Stinger missile and launchers, Raytheon is working to ensure full interoperability of NGSRI with both new and existing mounted platforms.
Raytheon's NGSRI design leverages more than 60 years of air defense experience to deliver the world's most advanced shoulder-launched air defense missile for the U.S. Army and Marine Corps. The company's use of modular system design and automated manufacturing enables faster development and production.
About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
Conference call scheduled for Thursday, August 13, 2026, at 4:30 p.m. Eastern time July 15, 2026 09:00 ET | Source: Workhorse Group, Inc.
DETROIT, July 15, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”) a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its second quarter results and business outlook on Thursday, August 13, 2026, at 4:30 p.m. Eastern time.
Prior to the conference call, Workhorse will issue its second quarter earnings press release. The press release, once posted, may be viewed on Workhorse’s website at ir.workhorse.com.
A link to listen to the conference call webcast will be available on the Investor Relations section of Workhorse’s website.
The phone numbers to listen via telephone are (877)-407-0789 (U.S.) or (201)-689-8562 (international). A telephonic replay of the conference call will be available after 7 p.m. Eastern time on the same day through August 27, 2026.
Toll-free replay number: (844)-512-2921
International replay number: (412)-317-6671
Replay ID: 13761353
About Workhorse Group Inc.
Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.
Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]
JetBlue a ClarityPay spouštějí první personalizovaný program pay later s 0% APR až na 12 měsíců. Zákazníci budou při platbě přes ClarityPay dál sbírat body TrueBlue.
, /PRNewswire/ -- JetBlue (Nasdaq: JBLU) and ClarityPay, a provider of tailored point-of-sale credit solutions, today announced a first-of-its-kind pay later program that unites embedded financing with an airline's loyalty and personalization strategies. The program launches with an introductory 0% APR on terms up to 12 months* and TrueBlue® points earning available at launch, plus incremental points opportunities on bookings with ClarityPay coming later this year.
What the Program Delivers
JetBlue and ClarityPay launch pay later program that unites embedded financing with the airline's loyalty & personalization strategies. Financing embedded in the journey: Customers preview personalized installment options from 6 weeks to 48 months while shopping. This transforms financing into a planning and conversion tool instead of just another payment method at checkout. Introductory 0% APR on terms up to 12 months: Available to eligible JetBlue customers with transparent terms before commitment. TrueBlue® loyalty integration: Customers who book through JetBlue using ClarityPay will continue to earn TrueBlue points on eligible purchases when a valid TrueBlue number is provided. Later this year, JetBlue and ClarityPay expect to introduce additional TrueBlue integrations, including the ability to earn incremental points when booking with ClarityPay. White-label and cross-sell capabilities: The platform supports JetBlue's branded customer experience end-to-end through data and AI capabilities — offering integrated upgrades, ancillaries, financial products, and loyalty promotions without inserting a third-party brand into the relationship. Embedded credit across flight booking ecosystem: Multi-merchant capabilities extend across JetBlue flights, insurance, and ancillary services, giving customers flexible financing options as they shop within the JetBlue ecosystem. Broader underwriting, more access: ClarityPay's full-spectrum credit approach extends financing access across a wider range of customers than traditional pay-later providers. This ensures more JetBlue customers can benefit from flexible payment options. "We set out to give our customers a best-in-class pay later solution," said Ed Pouthier, Vice President of Loyalty and Personalization, JetBlue. "ClarityPay listened and delivered, tailoring the program to our needs and building a solution that increases value to our customers, grows sales, and expands our loyalty ecosystem."
"JetBlue has one of the most powerful loyalty ecosystems, yet financing has historically lived outside that ecosystem," said Tom Carter, Chief Commercial Officer, ClarityPay. "ClarityPay was built to change that. Together with JetBlue, we are creating loyalty-linked travel financing that gives customers more flexibility while giving airlines greater control over commerce, loyalty, and customer experience."
Learn more about ClarityPay for travel brands at
www.claritypay.com/travel
*The annual percentage rate (APR) represents the total cost of a loan as an annual rate. Introductory offer of 0% up to 12 months expires on 8/15/2026. ClarityPay Program loans may have APRs ranging from 0% to 36%, terms range from 6 weeks to 48 months and eligibility is determined by the program lender based on a variety of factors, including the applicant's credit and state of residence. See full program details at https://www.jetblue.com/promo/claritypay-promo-page.
About JetBlue
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S., Caribbean, Latin America, Canada, and Europe. For more information and the best fares, visit jetblue.com.
About ClarityPay
ClarityPay provides merchants with tailored point-of-sale credit solutions to drive acquisition and loyalty while giving customers flexible pay-over-time options across the full credit spectrum. ClarityPay offers plans from 6 weeks to 84 months to cover purchases from $50 to $50,000 — while giving merchants more control over customer experience, data, and program branding. Built for omnichannel commerce, ClarityPay integrates via API or major commerce and lending platforms, serving merchants in retail, health and wellness, home improvement, auto repair, travel and services. Learn more at www.claritypay.com.
Media Contact
ClarityPay Communications
[email protected]
www.claritypay.com
Morgan Stanley označila GE Vernova, Lam Research a United Airlines za své top tipy před výsledkovou sezonou a čeká u nich silné kvartální výsledky. U GE Vernova navíc čeká lepší než očekávaná čísla po výsledcích 22. července.
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova NYSE:GEV, Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings.
GE Vernova stock has done well this year, helped by the rising demand for power equipment amid the artificial intelligence boom. It has soared by 61% this year and by nearly 100% in the last 12 months.
Recently, however, the stock has wavered and now sits a few points below its all-time high. Even so, Morgan Stanley analysts believe that the company will bounce back after its earnings on July 22. It expects it to publish stronger-than-expected numbers, helped by its new gas turbine contracts.
The management has already hinted that it will sell out its gas turbines reservations through 2030. Morgan Stanley’s Michael Wilson said:
“Capex is broadening beyond data centers and reshoring progress suggests the U.S. industrial economy may be entering a sustained growth cycle as international production becomes more expensive than domestic.”
MarketBeat data shows that the average target for GEV stock among analysts is $1,089, slightly above the current $1,067. Bernstein has a target of $1,206, while Jefferies recently lowered the target to $1,210 from the previous $1,350.
Morgan Stanley is also bullish on United Airlines as it expects the giant to issue a positive forward guidance for the rest of the year. Its stock has jumped by 7% this year and by 43% from its lowest point this year. This rebound happened as the US and Iran started their ceasefire, which brought jet fuel prices lower.
The risk, however, is that the two countries have resumed their fighting, pushing oil prices higher. Brent and WTI have all jumped to over $80 this week, which will translate into higher jet fuel prices. Morgan Stanley wrote:
“Airline demand and booking intent remain healthy, with seven consecutive price increases absorbed without demand destruction. With oil prices moving lower, airlines are unlikely to roll back pricing, though sustained demand will remain the key test.”
Analysts are largely bullish on the stock, with those from Susquehanna, Cowen, Goldman Sachs, BMO, and Bernstein boosting their targets this month.
READ MORE: Top reasons a United Airlines and American merger is unlikely to happen
Morgan Stanley analysts are also bullish on Lam Research, a company whose stock has more than doubled this year. After hitting a record high of $437 in June, Lam shares have dropped by 20% to the current $346.
Morgan Stanley believes that the company will release better-than-estimated revenue and earnings. It will then boost its earnings per share as it has done in the past. The statement said:
“AI demand remains robust with rising token prices and continued strength across the ecosystem despite recent market pullbacks. New equipment orders are improving.”
Analysts are also bullish on Lam Research even as its valuation concerns remain. The company has a forward price-to-earnings ratio of 62, much higher than other top companies like Nvidia, Micron, and SanDisk.
Stifel raised its target from $325 to $425, while Needham boosted the target from $300 to $390. Other analysts who boosted their target for the shares are from Mizuho, Susquehanna, and Cantor Fitzgerald.
READ MORE: Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names
Elevance Health překonal odhady za čtvrtletí končící v červnu 2026: EPS činil 7,45 USD a tržby 49,83 miliardy USD. Zisk na akcii i tržby byly nad konsensem.
Elevance Health (ELV - Free Report) came out with quarterly earnings of $7.45 per share, beating the Zacks Consensus Estimate of $6.18 per share. This compares to earnings of $8.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.55%. A quarter ago, it was expected that this health insurer would post earnings of $10.68 per share when it actually produced earnings of $12.58, delivering a surprise of +17.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Elevance Health, which belongs to the Zacks Medical Services industry, posted revenues of $49.83 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.85%. This compares to year-ago revenues of $49.42 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Elevance Health shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for Elevance Health?While Elevance Health has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Elevance Health was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.00 on $48.54 billion in revenues for the coming quarter and $26.86 on $194.24 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ardent Health, Inc. (ARDT - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -67.3%. The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level.
Ardent Health, Inc.'s revenues are expected to be $1.62 billion, down 1.3% from the year-ago quarter.
DuPont spustil více než 20 produktové end-to-end portfolio pro přímou extrakci lithia z solanek. Cílí na vyšší výtěžnost a přizpůsobení různým složením solanek.
Tailored direct lithium extraction solutions combine advanced sorbents, membranes, ion exchange resins, and technical expertise to enable high-performance lithium recovery across diverse brine compositions
, /PRNewswire/ -- DuPont (NYSE: DD) today announced it has launched an end-to-end Direct Lithium Extraction (DLE) portfolio comprising more than 20 products across multiple technologies, designed to improve lithium recovery and provide tailored solutions for diverse brine resources, supporting scalable lithium production amid accelerating global demand. As an alternative to traditional lithium processing approaches such as hard rock mining or evaporation, DLE is well positioned to support growing lithium demand through advanced separation technologies designed to extract lithium effectively and efficiently from brine.
The new DLE portfolio spans lithium-selective sorbents, nanofiltration and reverse osmosis membranes, and ion exchange resins across the entire lithium brine treatment process, from extraction and purification to final concentration. This integrated flowsheet design enables customers to implement end-to-end solutions or select individual technologies tailored to their specific process requirements and brine compositions.
A key differentiator of DuPont's new portfolio is its breadth and flexibility, which allows DuPont to design customized solutions across a wide range of lithium extraction applications. For example, the portfolio includes specialized lithium-selective DuPont™ AmberSorb™ adsorbent technologies for both high- and low-temperature brine streams to meet the needs for efficient lithium recovery from diverse global resources. In addition, DuPont provides different grades of FilmTec™ LiNE nanofiltration and reverse osmosis elements, offering unique separation characteristics and incorporation of low salt rejection reverse osmosis (LSRRO) technology to achieve ultra-high lithium concentration.
These capabilities are enhanced by advanced DuPont™ IntegraTec™ and Inge™ ultrafiltration modules, FilmTec™ nanofiltration and reverse osmosis membranes, and DuPont™ AmberLite™ ion exchange resins, which improve lithium yield, purity, and concentration throughout the process. By bringing these technologies together into a single, cohesive platform, DuPont enables customers to optimize performance and recovery across the full direct lithium extraction flowsheet.
"DLE processes are highly sensitive to the lithium brine composition, temperature, and competing ions. By integrating the lithium-selective sorbents, membranes, and ion exchange technologies into a single process design framework, we can optimize the full flowsheet rather than treating them in isolation," said Dr. Martin Deetz, Senior R&D Laureate for DuPont Water Solutions. "Our customers are trying to move from the lab to reliable lithium production as quickly as possible. By combining these technologies with advanced modeling, testing, and piloting support, we can help accelerate the design of tailored, end-to-end lithium extraction flowsheets for their specific brine resources and goals."
DuPont further supports customers through its global research and development network, offering advanced laboratory testing and process modeling. These services allow lithium producers to validate performance using real brine samples and accelerate process development. This approach positions DuPont as a technical collaborator, helping customers move from initial evaluation to implementation with greater speed, confidence, and process reliability. As demand for lithium surges to power electric vehicles and energy storage systems, the industry is increasingly adopting DLE as a more coordinated and efficient approach to unlocking new lithium resources.
DuPont's technical experts hosted an educational webinar on June 18, 2026 to help customers understand how tailored DLE technologies can increase lithium yield and purity while addressing the unique characteristics of their brine resources. The session highlighted how customers can leverage DuPont's testing, modeling, and piloting support to evaluate and implement customized solutions. Watch on-demand here: https://www.dupont.com/water/contact-us.html?dfp=water-webinar-direct-lithium-extraction&src=ws_global_newsletter_dlewebinar_website_pressrelease_2026-07-14
Learn more about DuPont's Direct Lithium Extraction portfolio at https://www.dupont.com/water/applications/direct-lithium-extraction-solutions.html.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
-- Marks 37th Consecutive Annual Dividend Increase --
, /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a real estate investment trust, today announced a quarterly dividend of 62 cents per share payable August 14, 2026 to shareholders of record as of July 31, 2026. The 3.3 percent increase in the quarterly dividend marks the 37th consecutive annual dividend increase. NNN is one of only three publicly traded REITs to have increased its annual dividend for 37 or more consecutive years.
Steve Horn, Chief Executive Officer, commented: "Our steadfast commitment to a long-term approach has once again enabled NNN to increase its annual dividend for the 37th consecutive year. This achievement underscores our high-quality portfolio, disciplined capital allocation, and flexible balance sheet, all of which continue to deliver sustainable growth for our shareholders."
About NNN REIT, Inc.
NNN is a REIT that invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of March 31, 2026, the Company owned 3,711 properties across all 50 states, the District of Columbia and Puerto Rico, encompassing approximately 39.6 million square feet of gross leasable area, with a weighted average remaining lease term of 10.1 years.
For additional information, please visit www.nnnreit.com.
Kratos otevřel v Yorku v Pensylvánii nový výrobní závod o rozloze 167 000 čtverečních stop. Firma zároveň plánuje nakoupit nové vybavení za více než 7 milionů USD, aby zvýšila výrobní kapacitu.
Kratos’ Pennsylvania Operations Engineer, Manufacture and Test Mission-Critical, Military-Grade Hardware Supporting Certain of the Nation's Highest-Priority Hypersonic, Air Defense, Missile, Radar and Counter-Unmanned Aircraft System (C-UAS) Programs
Kratos’ Expanded Pennsylvania Operations Accelerate Development and Large-Scale Mass Production of Mil-Spec Hardware to Strengthen National Security
SAN DIEGO, July 15, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company specializing in defense, national security and global markets, today announced the opening of a 167,000-square-foot advanced manufacturing facility in York, Pennsylvania. The plant expands Kratos' existing Pennsylvania operations, which now span three facilities and employ more than 440 people, supporting a growing portfolio of critical national security programs. Additionally, Kratos announced plans to purchase new state-of-the-art equipment, totaling over $7 Million, to further expand production capability.
The new facility and planned investments in manufacturing equipment significantly increase Kratos' production capacity to meet accelerating customer demand for advanced defense systems while reinforcing the company's commitment to strengthening the U.S. defense industrial base through rapid innovation and mission-speed production.
Kratos’ Pennsylvania operations engineer, manufacture and test mission-critical, military-grade hardware supporting certain of the nation's highest-priority air defense, missile, radar and counter-unmanned aircraft system (C-UAS) initiatives. Including the new facility, Kratos' Pennsylvania operations actively support C-UAS initiatives by delivering complex equipment for directed energy weapons, missile transporters, mobile missile launcher systems, hypersonic systems and strategic system radar platforms.
Tom Mills, President of Kratos C5ISR Division, said, “Leveraging proven manufacturing methodologies and advanced production technologies, Kratos’ Pennsylvania operations recently completed delivery of highly engineered solutions for both High Power Microwave (HPM) and High Energy Laser (HEL) programs. These efforts included the design, manufacture and testing of specialty structures and components that enhance system mobility and survivability, along with system integration involving custom mechanical assemblies, actuators, thermal management and electrical subsystems. This new Kratos facility and investment will both expand and accelerate our capabilities in additional mission critical national security programs, including strategic systems”.
“Kratos is committed to building the Arsenal of Freedom by investing in the people, facilities and manufacturing capabilities needed to deliver critical systems, at scale, to our customers faster than ever before,” said Eric DeMarco, President and CEO of Kratos. “This expansion marks another important milestone in continuing to grow Kratos’ capability to provide mil-spec hardware for national defense and mission critical programs. Pennsylvania has proven to be an exceptional manufacturing hub, including a highly skilled workforce, and this investment positions Kratos to continue delivering affordable, high-performance, leading technology systems that address our nation's most pressing security challenges. Kratos' ability to manufacture highly complex hardware at production scale—where quality, precision and reliability are mission-critical—continues to differentiate our Company as a trusted partner to the U.S. Department of War and allied customers.”
The new facility and related manufacturing equipment provides expanded space and capabilities for advanced manufacturing, systems integration and testing, enabling Kratos to scale production while meeting increasing customer requirements for speed, affordability and performance.
Kratos’ expansion in Pennsylvania represents the company’s continued investment in American manufacturing and its commitment to delivering warfighter-ready capabilities that outpace evolving threats while strengthening the nation's defense industrial base.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
WRAP dokončila první funkční prototyp Wraptor MX, vícenásobně výstřelové neletální zadržovací platformy. Zároveň vybírá až 10 policejních agentur do exkluzivního programu raného přístupu.
MIAMI, July 15, 2026 (GLOBE NEWSWIRE) -- WRAP Technologies, Inc. (NASDAQ: WRAP) (“WRAP” or the “Company”), developer of the WrapShield™ Autonomous Public Safety Platform, today announced the completion of the first operational prototype of Wraptor MX™, the Company’s multi-shot non-lethal restraint platform. WrapShield’s Non-Lethal Response™ layer — previously served by a single instrument, the BolaWrap® 150 — now has a newly unveiled operational component. Together with the DFR-X drone-deployed restraint system, WrapShield is designed to bring together three dedicated non-lethal delivery mechanisms — handheld, multi-shot, and drone-deployed — under a single platform architecture.
“BolaWrap introduced a new way for officers to create time, distance, and control through an instrument of restraint. Wraptor MX builds on that foundation and is designed to allow officers to respond to multiple engagements before reloading, potentially giving teams greater flexibility in dynamic and rapidly evolving situations,” said Scot Cohen, Chief Executive Officer of WRAP. “Wraptor MX is much more than another product. We believe it represents the next evolution of our response architecture within WrapShield. We are expanding our ability to deliver proportional sight, sound, and sensation effects across a broader range of public safety operations. As BolaWrap earned adoption by more than 1,000 agencies in over 60 countries, we believe Wraptor MX can extend those capabilities deeper into tactical, corrections, private security, and defense environments.”
The announcement builds on ATF Ruling 2026-2, effective July 2, 2026, which classified the BolaWrap® 150 as neither a firearm nor an “any other weapon,” affirming it as an instrument of restraint under federal law. That determination — specific to the BolaWrap 150 — may provide a favorable regulatory reference point for non-lethal restraint technology across corrections, law enforcement, and public-safety applications, and WRAP expects it to accelerate adoption in the United States. Driven by use-of-force reform, policy mandates, and the growth of autonomous response architectures in public safety, the global non-lethal weapons market is estimated at approximately $9.5 billion today and is projected to grow to roughly $13 billion by 2030, according to Grand View Research.1
Wraptor MX™ is a modular, multi-shot non-lethal response platform that expands the proven capabilities of BolaWrap®. Designed for scenarios where multiple engagements may be required, the current prototype is designed to deliver (3) three consecutive BolaWrap deployments before reloading. While the BolaWrap® 150 remains optimized for individual officers carrying a compact, single-shot restraint device, Wraptor MX is being developed for tactical teams, corrections, perimeter security, and other operational environments where greater response capacity may be needed. As the platform evolves, WRAP expects to explore additional configurations and deployment capacities informed by customer feedback and operational testing.
Key design principles:
Modular response architecture: Designed as a configurable platform intended to integrate multiple sight, sound, and sensation effects. In addition to multi-shot BolaWrap deployment, the current design incorporates a high-intensity light, with future configurations expected to support additional non-lethal response technologies as the platform evolves.Mission-configurable: Features a standard Picatinny rail, allowing agencies to select optics and accessories that align with their operational preferences, training doctrine, and mission requirements.Officer-informed design: Developed with input from U.S. law enforcement and corrections professionals and intended to reflect real-world operational needs, emphasizing ergonomics, durability, and rapid deployment under stress.Operationally optimized: Incorporates sling attachment points intended to support safe weapon retention, rapid transitions, and immediate hands-on control following deployment when circumstances require officers to move directly into restraint or custody operations.Platform for expansion: Wraptor MX is engineered as a long-term response platform capable of incorporating future non-lethal technologies, which could enable WRAP to expand beyond a single capability into a family of proportional response options without requiring agencies to adopt an entirely new operating system.
WrapShield: A Three-Element Non-Lethal Response Layer
WRAP's WrapShield™ platform organizes public safety response into integrated operational layers. The Non-Lethal Response layer is built around interoperable instruments of restraint designed to provide proportional response options across a range of operational environments. With the addition of Wraptor MX™, this layer now consists of three response elements:
Response Element 1 – BolaWrap® 150
A compact, handheld instrument of restraint designed for immediate deployment by individual officers. Commercially deployed by more than 1,000 agencies across over 60 countries.Response Element 2 – Wraptor MX™
A modular, multi-shot instrument of restraint designed for tactical teams, corrections, perimeter security, and other scenarios where multiple engagements may be required. The first operational prototype is complete, and WRAP's Early Adopter Program is now selecting partner agencies.Response Element 3 – DFR-X™
A drone-deployed instrument of restraint capable of delivering a BolaWrap payload without requiring an officer to be physically present at the scene, operating under established human-authorization protocols as part of the WrapShield platform.
Rather than developing isolated products, WRAP is building an integrated non-lethal response architecture. These three response elements are designed to operate within the WrapShield platform's common detection, orchestration, command-and-control, and AI-assisted decision framework, and are designed to provide agencies with scalable response options across individual officer, team-based, and, where policy and law permit, future autonomous deployments. As the platform evolves, WRAP intends to expand these response capabilities to meet an increasingly broad range of public safety and defense missions.
Early Adopter Program — Limited Cohort Selection
WRAP is selecting a limited cohort of up to 10 law enforcement agencies for exclusive pre-commercial access to the Wraptor MX platform. Participation is by application and provides selected agencies with direct access to the engineering team, deployment-configuration input, and preferred commercial terms for initial production units.
The program is designed to generate real-world deployment data, officer feedback, training methodology, and operational validation across diverse threat environments before commercial release. Selected agencies will be announced as the cohort is finalized. Qualified agencies may apply at www.wrap.com/#/wraptormx.
“Wraptor MX is more than a new product—it reflects the company we are building,” said Jared Novick, President and Chief Operating Officer of WRAP. “Public safety continues to evolve, and the tools available to the men and women who serve our communities must evolve with it. Our focus is on developing technologies designed to give officers and agencies more proportional response options, greater operational flexibility, and better decision support—always keeping trained professionals in control. As detection, communications, and decision-support technologies continue to advance, we're designing our platforms to adapt alongside them while remaining grounded in the policies, legal standards, and human judgment that define modern policing. We believe the future of public safety will combine exceptional officers with exceptional technology, and that's the future WRAP is building through WrapShield.”
About WRAP Technologies, Inc.
WRAP Technologies, Inc. (NASDAQ: WRAP) is developing WrapShield™, an autonomous public safety platform intended to unify threat detection, classification, command-and-control, and non-lethal response in a single operating architecture. At the platform’s core is the principle that the technology layer between situational awareness and human force application should be trustworthy, accountable, and — wherever tactically appropriate — non-lethal. Building on the commercial success of BolaWrap®, the Company’s flagship restraint tool deployed across more than 1,000 agencies in over 60 countries, WRAP is building an operating layer between perception and response.
Trademark Information
WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
Cautionary Note on Forward-Looking Statements - Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements include, among others, statements regarding the completion, capabilities, performance, timing, and commercial readiness of the Wraptor MX platform and the DFR-X system; the structure, timing, and outcomes of the Early Adopter Program, including whether selected agencies place orders or generate revenue; the anticipated size, growth, and addressable opportunity of the non-lethal and public-safety markets; and the expected effects of ATF Ruling 2026-2. These statements are based on current expectations and are subject to risks and uncertainties, including but not limited to WRAP’s ability to complete product development and achieve commercial readiness on expected timelines, the difference between a prototype and a commercially available product, the possibility that Early Adopter Program participation does not result in purchases, competition, supply-chain and manufacturing constraints, and changes in law, regulation, or agency policy. ATF Ruling 2026-2 addresses the classification of the BolaWrap® 150 only, and no assurance can be given that any similar classification will apply to Wraptor MX, the DFR-X system, or any other product. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors including other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. WRAP assumes no obligation to update any forward-looking statement except as required by applicable law.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3f5d7a84-06af-4aeb-bab9-00abae5cd2b2
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ARLINGTON, Va., July 15, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today the company has signed a contract to supply more than 50,000 Tenum® Orbit™ thermal imaging cameras under a blanket purchase agreement, marking a major production milestone for the company and underscoring growing demand for advanced thermal imaging technology across emerging mission applications.
The agreement positions Leonardo DRS to support high-volume customer requirements for compact, high-performance thermal imaging systems used in applications including unmanned systems and other rapidly evolving platforms. It also reflects customer confidence in the company’s manufacturing capacity and ability to deliver sophisticated sensing technologies at scale.
“This agreement demonstrates the strength of our thermal imaging technology and our readiness to deliver at scale,” said Jerry Hathaway, senior vice president and general manager of the Leonardo DRS EO/IS business unit. “We have made strategic investments in our production capabilities so we can respond quickly and reliably to growing customer demand across a wide range of mission applications.”
Developed for high-volume production across multiple end uses, including drones, the Tenum® Orbit™ thermal imaging module is backed by Leonardo DRS investments in factory infrastructure and manufacturing capacity designed to support annual production in the hundreds of thousands of units. The Tenum® Orbit™ is also designed to support exportability and compliance with applicable international trade regulations, helping customers integrate advanced thermal imaging technology more efficiently across global markets.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Carrie Robinson
Vice President, Marketing and Corporate Communications
+1 321 266 7691 [email protected]
First Horizon National (FHN - Free Report) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of +8.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $887 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $830 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Horizon shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for First Horizon?While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Horizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $895.6 million in revenues for the coming quarter and $2.15 on $3.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
BOK Financial (BOKF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 20.
This Regional banking operator is expected to post quarterly earnings of $2.56 per share in its upcoming report, which represents a year-over-year change of +16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BOK Financial's revenues are expected to be $558.9 million, up 4.4% from the year-ago quarter.
Axsome Therapeutics oznámila, že FDA přijala k posouzení její NDA pro AXS-12 na léčbu kataplexie u narkolepsie. Úřad stanovil cílové datum rozhodnutí na 1. května 2027.
July 15, 2026 07:00 ET | Source: Axsome Therapeutics, Inc.
FDA sets PDUFA target action date of May 1, 2027
NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that the U.S. Food and Drug Administration (FDA) has accepted for filing the Company’s New Drug Application (NDA) for AXS-12 (reboxetine) for the treatment of cataplexy in narcolepsy. The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date of May 1, 2027. The FDA also indicated that it does not currently plan to hold an advisory committee meeting to discuss the application.
About Narcolepsy
Narcolepsy is a serious and debilitating orphan neurological condition that causes dysregulation of the sleep-wake cycle and is characterized clinically by excessive daytime sleepiness, cataplexy, hypnagogic hallucinations, sleep paralysis, and disrupted nocturnal sleep.1-3 Cataplexy is seen in an estimated 70% of narcolepsy patients and is a sudden reduction or loss of muscle tone while a patient is awake, typically triggered by strong emotions such as laughter, fear, anger, stress, or excitement.4-5 Narcolepsy is a life-long condition that interferes with cognitive, psychological, and social functioning, increases the risk of work- and driving-related accidents, and is associated with a 1.5-fold higher mortality rate.6-8
About AXS-12
AXS-12 (reboxetine) is a highly selective and potent norepinephrine reuptake inhibitor and cortical dopamine modulator under development for the treatment of narcolepsy. AXS-12 is thought to modulate noradrenergic activity to maintain muscle tone during wakefulness, and noradrenergic and cortical dopaminergic signaling to promote wakefulness and cognition function. AXS-12 has been granted U.S. Food and Drug Administration (FDA) Orphan Drug Designation for the treatment of narcolepsy. AXS-12 is not approved by the FDA.
About Axsome Therapeutics
Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, agitation associated with dementia due to Alzheimer’s disease, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, as well as multiple novel product candidates addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X.
Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI®, AUVELITY®, and SYMBRAVO® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company’s ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
American Academy of Sleep Medicine. The International Classification of Sleep Disorders. Third Edition (ICSD-3). 2014.National Institute of Neurological Disorders and Stroke. Narcolepsy. https://www.ninds.nih.gov/health-information/disorders/narcolepsy. Accessed September 2024.España RA, Scammell TE. Sleep neurobiology from a clinical perspective. Sleep. 2011 Jul 1;34(7):845-58.Narcolepsy Network. About Narcolepsy. https://narcolepsynetwork.org/about-narcolepsy/. Accessed September 2024.Swick TJ. Treatment paradigms for cataplexy in narcolepsy: past, present, and future. Nat Sci Sleep. 2015 Dec 11;7:159-69.Tadrous R, O'Rourke D, Mockler D, Broderick J. Health-related quality of life in narcolepsy: A systematic review and meta-analysis. J Sleep Res. 2021 Dec;30(6):e13383.Patil SP, Ayappa IA, Caples SM, Kimoff RJ, Patel SR, Harrod CG. Treatment of Adult Obstructive Sleep Apnea With Positive Airway Pressure: An American Academy of Sleep Medicine Systematic Review, Meta-Analysis, and GRADE Assessment. J Clin Sleep Med. 2019 Feb 15;15(2):301-334.Ohayon MM, Black J, Lai C, Eller M, Guinta D, Bhattacharyya A. Increased mortality in narcolepsy. Sleep. 2014 Mar 1;37(3):439-44.
Fifth Third Bancorp (NYSE:FITB) will release its second quarter earnings report before the opening bell on Friday, July 17.
Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings of 84 cents per share, down from 88 cents per share in the year-ago period. The consensus estimate for Fifth Third Bancorp’s quarterly revenue is $3.25 billion. It reported $2.25 billion last year, according to Benzinga Pro.
On June 17, Fifth Third announced the launch of an AI‑powered experience within its mobile app.
Shares of Fifth Third Bancorp fell 0.2% to close at $57.05 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying FITB stock? Here’s what analysts think:
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The PNC Financial Services Group, Inc (PNC - Free Report) came out with quarterly earnings of $4.85 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $3.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.54%. A quarter ago, it was expected that this company would post earnings of $4.12 per share when it actually produced earnings of $4.32, delivering a surprise of +4.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
The PNC Financial Services Group, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $6.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.13%. This compares to year-ago revenues of $5.69 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
The PNC Financial Services Group shares have added about 20.7% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for The PNC Financial Services Group?While The PNC Financial Services Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for The PNC Financial Services Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.89 on $6.58 billion in revenues for the coming quarter and $18.83 on $25.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Robinhood Markets, Inc. (HOOD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -4.8%. The consensus EPS estimate for the quarter has been revised 6.7% higher over the last 30 days to the current level.
Robinhood Markets, Inc.'s revenues are expected to be $1.23 billion, up 23.9% from the year-ago quarter.
MAYFIELD VILLAGE, OHIO, July 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended June 30, 2026:
JuneQuarter(millions, except per share amounts and ratios; unaudited) 2026 2025 Change 2026 2025 ChangeNet premiums written$6,772 $6,605 3 %$21,077 $20,076 5 %Net premiums earned$7,100 $6,954 2 %$21,573 $20,310 6 %Net income$779 $1,124 (31)%$3,311 $3,175 4 %Per share available to common shareholders$1.34 $1.91 (30)%$5.67 $5.40 5 %Total pretax net realized gains (losses) on securities$(13) $179 (107)%$604 $387 56 %Combined ratio 90.0 86.6 3.4 pts. 87.3 86.2 1.1 pts.Average diluted equivalent common shares 583.1 588.0 (1) % 584.2 587.8 (1)% June 30,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,211 10,423 8Direct – auto16,721 15,245 10Special lines7,297 6,850 7Property3,631 3,608 1Total Personal Lines38,860 36,126 8Commercial Lines1,226 1,189 3Total40,086 37,315 7
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
PDF available: Progressive June 2026 Complete Earnings Release
Conagra Brands schválila čtvrtletní dividendu 0,175 USD na akcii, splatnou 2. září 2026. Firma zároveň uvedla, že roční sazbu dividendy nastavuje na 0,70 USD na akcii.
, /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.175 per share of CAG common stock to be paid on September 2, 2026 to stockholders of record as of the close of business on July 30, 2026. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.
John Brase, president and chief executive officer of Conagra Brands, commented, "Resetting our dividend to an annualized rate of $0.70 per share proactively realigns our capital allocation, accelerates progress toward our leverage target, supports critical investments, and strengthens our financial flexibility, including the ability to shape the portfolio over time. Our commitment to shareholders hasn't changed; our objective remains a balanced capital allocation, with a dividend that returns meaningful capital to shareholders and enables the dividend to grow alongside earnings over time. This decision aligns with our priorities to stabilize and restore margins, increase investments in our brands and supply chain, and reduce complexity, and we are confident it is the right decision for the long-term success of Conagra."
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2026 net sales of over $11 billion. For more information, visit www.conagrabrands.com.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that provide our current expectations and beliefs concerning future events including dividend levels, strategic priorities, and capital allocation that are subject to risks and uncertainties which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. These risks and uncertainties include, among other things, our ability to act on our priorities and strategies and other risks described in our reports filed from time to time with the Securities and Exchange Commission. We undertake no responsibility to update these statements, except as required by law.
For more information, please contact:
MEDIA: [email protected]
INVESTORS: [email protected]
Americká investiční banka Morgan Stanley zveřejnila výsledky hospodaření za druhé čtvrtletí roku 2026. Celkové výnosy výrazně překonaly průměrný odhad analytiků, k čemuž nejvíce přispěly výnosy z obchodování s akciemi. Nad očekáváním skončily i výnosy z investičního bankovnictví a segmentu správy majetku.
Výsledky společnosti Morgan Stanley (MS) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 21,35 19,58 16,79 Čistý zisk (mld. USD) 5,58 -- 3,54 Zisk na akcii (EPS, USD/akcie) 3,46 -- 2,13 Výsledky za 2Q Výnosy meziročně vzrostly o 27 % na 21,35 mld. USD, výrazně nad odhadem 19,58 mld. USD.
Výnosy ze segmentu správy majetku (Wealth Management) dosáhly 8,86 mld. USD, meziročně o 14 % výše a nad odhadem 8,68 mld. USD. Zisk před zdaněním z tohoto segmentu činil 2,70 mld. USD (odhad: 2,6 mld. USD) při marži před zdaněním 30,5 % (odhad: 30 %). Segment zaznamenal rekordní čisté nové klientské prostředky ve výši 148,1 mld. USD, oproti loňským 59,2 mld. USD.
Výnosy z obchodování s akciemi dosáhly 6,30 mld. USD, meziročně o 69 % výše a výrazně nad odhadem 4,47 mld. USD. Výnosy z obchodování s dluhopisy, měnami a komoditami (FICC) činily 2,46 mld. USD (+13 % meziročně), mírně pod odhadem 2,56 mld. USD.
Výnosy z institucionálního investičního bankovnictví dosáhly 2,44 mld. USD, meziročně o 58 % výše a nad odhadem 2,2 mld. USD. Z toho poradenské poplatky činily 798 mil. USD (odhad: 772,9 mil. USD; loni 508 mil. USD), výnosy z upisování akcií 851 mil. USD (odhad: 676,9 mil. USD; loni 500 mil. USD) a výnosy z upisování dluhopisů 788 mil. USD (odhad: 723,9 mil. USD; loni 532 mil. USD).
Čistý úrokový výnos dosáhl 2,78 mld. USD, nad odhadem 2,72 mld. USD. Celkové vklady činily 446,07 mld. USD, nad odhadem 432,75 mld. USD.
Tvorba opravných položek na úvěrové ztráty činila 98 mil. USD, nad odhadem 76,8 mil. USD, ale pod loňskými 196 mil. USD.
Rentabilita vlastního kapitálu (ROE) dosáhla 20,7 %, nad odhadem 17,4 % a výrazně nad loňskými 13,9 %. Rentabilita hmotného kapitálu (ROTCE) činila 26,6 %, nad odhadem 22,1 % a nad loňskými 18,2 %.
Kapitálový poměr CET1 (standardizovaný) dosáhl 14,8 %, v souladu s odhadem, mírně pod loňskými 15,0 %.
Objem spravovaných aktiv (AUM) dosáhl 2,00 bil. USD, nad odhadem 1,94 bil. USD. Čisté přílivy aktiv založených na poplatcích (fee-based) činily 39,1 mld. USD, nad odhadem 32,87 mld. USD. Čisté přílivy do alternativních strategií dosáhly 12,7 mld. USD (odhad: 9,99 mld. USD), zatímco akciové strategie zaznamenaly čistý odliv 12,5 mld. USD (odhad: odliv 5,56 mld. USD). Dluhopisové strategie naopak zaznamenaly čistý příliv 7,3 mld. USD (odhad: 4,68 mld. USD).
Komentář CEO Ted Pick, předseda představenstva a generální ředitel Morgan Stanley, uvedl: „Aktivní trhy a konzistentní exekuce napříč všemi třemi regiony přinesly výjimečné výsledky naší integrované firmě, s rekordními výnosy přes 21 mld. USD a rekordním EPS ve výši 3,46 USD. Vynikající výsledky v segmentu institucionálních cenných papírů byly taženy naší vedoucí franšízou v oblasti akciového obchodování s pokračujícím momentem v investičním bankovnictví a dluhopisech. Diferencovaný obsah našich výzkumných týmů nadále pohání vysokou úroveň klientského zapojení. Wealth Management přidal rekordních 148 mld. USD v čistých nových prostředcích, přičemž celková klientská aktiva napříč Wealth a Investment Management dosáhla milníku 10 bil. USD. Nadále navyšujeme kapitál, což nám dává dodatečnou flexibilitu investovat do našich klíčových byznysů a zároveň generovat silné výnosy pro akcionáře.“
Návrat kapitálu akcionářům Společnost v aktuálním kvartále odkoupila vlastní akcie v hodnotě 1,5 mld. USD (8 mil. akcií za průměrnou cenu 197,64 USD). Představenstvo zároveň znovu schválilo víceletý program zpětného odkupu akcií v objemu až 20 mld. USD bez stanoveného data ukončení, počínaje třetím čtvrtletím 2026, a rozhodlo o zvýšení čtvrtletní dividendy o 15 centů na 1,15 USD na akcii.
Akcie Morgan Stanley Akcie Morgan Stanley (MS) v předburzovní fázi obchodování rostou o 1,68 % na 231,50 USD.
Akcie Morgan Stanley (MS) před výsledky uzavřely na 227,67 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 359,1 P/E 18,3 Vývoj za letošní rok (%) +28,2 Očekávané P/E 18,7 52týdenní minimum (USD) 135,3 Prům. cílová cena (USD) 223,0 52týdenní maximum (USD) 232,1 Dividendový výnos (%) 1,8 Zdroj: Morgan Stanley, Bloomberg
JP Morgan uvedla, že případná obnovená nabídka REA Group na Rightmove by přinesla jen asi 4% pozitivní dopad na EPS, což nepovažuje za atraktivní. Banka zároveň vidí u Rightmove omezený prostor pro růst a tlak na marže.
JP Morgan has run the numbers on a renewed bid for Rightmove PLC (LSE:RMV) by REA Group and concluded the deal would deliver little for the Australian buyer's shareholders.
The bank, in a note by analysts Marcus Diebel and Bob Chen, estimates a revived takeover would generate only around 4% earnings per share accretion, an outcome it does not consider attractive on a risk and reward basis.
REA, the Australian property portal majority owned by News Corp (NASDAQ:NWSA), walked away from Rightmove at the end of 2024 after four approaches were rejected.
Its final proposal valued Rightmove at 775p a share plus a 6p special dividend.
That now looks compelling against a share price of around 430p, JP Morgan said, a gap causing some frustration among Rightmove shareholders.
The bank attributes the weakness, which began in September 2025, to two factors.
Rightmove's management has acknowledged years of underinvestment, driving elevated spending needs this year.
The wider online classifieds sector has also de-rated sharply, trading about 43% below its own two-year average on forward enterprise value to earnings before interest, tax, depreciation and amortisation, at roughly 11.5 times against 20.0 times.
Investors are worried about disruption from artificial intelligence and further investment requirements across the sector.
JPM's leveraged buyout framework assumes News Corp (NASDAQ:NWSA), which owns 62% of REA, would be unlikely to accept dilution below 50%, and that a fully debt-financed structure is not feasible.
On a 65% debt and 35% equity funding mix, a 45% premium in line with the three-year average, and around three times leverage against net cash today, the accretion maths still falls short.
The bank sees limited appetite from private equity at this stage.
In a recent sector study, JP Morgan argued that near-term catalysts for a re-rating at Rightmove are limited and that earnings risk is skewed to the downside, with potential pressure on margins.
Čínský regulátor zaregistroval Apple Intelligence pro iPhony v Číně, což otevírá cestu k dlouho očekávanému spuštění. Služba má využívat modely od Baidu a Alibaba.
Item 1 of 2 A man takes images of the new iPhone 17 Pro smartphones as they are displayed at the Apple store in Beijing's Sanlitun area during the start of sales in Beijing, China September 19, 2025. REUTERS/Maxim Shemetov/File Photo
[1/2]A man takes images of the new iPhone 17 Pro smartphones as they are displayed at the Apple store in Beijing's Sanlitun area during the start of sales in Beijing, China September 19, 2025.... Purchase Licensing Rights, opens new tab Read more
BEIJING, July 15 (Reuters) - China's cyberspace regulator said on Wednesday that Apple's on-device generative AI service, Apple Intelligence, has been registered for use on iPhones in China, paving the way for the long-anticipated rollout of the service in the country.
China requires companies to register large language models and generative AI services with regulators before making them available to the public.
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Apple Intelligence will incorporate capabilities from AI models developed by Baidu and Alibaba, a source familiar with the matter said, speaking on condition of anonymity.
Apple (AAPL.O), opens new tab did not immediately respond to an emailed request for comment.
The development could help bolster Apple's position in China, where consumers have been waiting for the rollout of Apple Intelligence.
Alibaba (9988.HK), opens new tab said in a statement to Reuters that its Qwen model will be integrated into Apple Intelligence across Apple's iPhone (iOS), iPad (iPadOS), Mac (macOS) and Vision Pro (visionOS) operating systems in China.
Apple is also working with Baidu to develop Apple Intelligence features for Chinese iPhone users, a Baidu spokesperson said.
The regulator's statement did not give a launch date for Apple Intelligence in China.
Apple reported a 24.4% year-on-year increase in its China shipments in the second quarter.
Separately, ZTE's (000063.SZ), opens new tab Nubia-Doubao smartphone model was also registered with the cyberspace regulator.
Nubia is a smartphone brand owned by telecoms equipment maker ZTE, which works with ByteDance to produce the AI-focused Doubao smartphone.
Reporting by Ethan Wang, Che Pan and Liz Lee. Editing by Tomasz Janowski and Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Liz Lee covers a range of China-related stories from Beijing, including diplomacy, policy, economic data, and extreme weather events. She has reported on breaking news and enterprise stories since joining Reuters in Malaysia. She previously focused on corporate deals and news in Kuala Lumpur, from IPOs to labour issues. Liz is a fellow at the International Strategic Forum and is part of the Oxford Climate Journalism Network. Her work also contributed to a story selected as a Pulitzer Prize finalist, which looked into scam centres in Southeast Asia.
Google vyzvalo nejvyšší soud EU, aby zamítl odvolání regulátorů proti zrušení pokuty ve výši 1,49 miliardy eur za AdSense. Spor se týká údajných omezujících doložek v dohodách s vydavateli.
A specially designed Google logo, during the opening of Google's new Artificial Intelligence (AI) centre in Berlin, Germany, March 5, 2026. REUTERS/Annegret Hilse/File Photo Purchase Licensing Rights, opens new tab
CompaniesLUXEMBOURG, July 15 (Reuters) - Alphabet (GOOGL.O), opens new tab unit Google on Wednesday urged Europe's top court to dismiss EU antitrust regulators' appeal against a lower court ruling that scrapped a €1.49 billion ($1.7 billion) fine, saying the regulators' arguments were flawed.
The dispute reached the Court of Justice of the European Union after regulators appealed a 2024 General Court ruling that annulled the fine imposed on Google in 2019. The lower court cited errors in the European Commission's assessment of the case.
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The Commission, the EU's competition watchdog, said Google used restrictive clauses in contracts with publishers that prevented rivals from placing search advertisements on the publishers' websites, reinforcing Google's dominance in online search advertising.
The Commission said the practices ran from 2006 to 2016. Google, whose AdSense platform provides search advertising, removed the contested clauses from publisher agreements in 2016.
"The Commission's new arguments are flawed. The General Court's reasons are clear and complete," he told the panel of five judges.
Holmes said the Commission had ignored evidence showing Google's rivals had substantial opportunities to compete.
Commission lawyer Anthony Dawes criticised the lower court's ruling, saying it imposed an unprecedented obligation on regulators to analyse issues already settled by case law.
"This finding turns case law on its head," he said, adding that the lower court's reasoning would effectively treat exclusive clauses as lawful by default.
A court adviser is due to issue a non-binding opinion on November 12, with a final ruling expected in the following months.
The AdSense fine was one of four EU antitrust penalties that have cost Google €9.5 billion during its nearly two-decade dispute with the Commission. The lower court's decision to annul the fine marked a rare legal setback for the EU watchdog.
The case is C-826/24 P Commission v Google and Alphabet (Google AdSense)
($1 = 0.8771 euros)
Reporting by Foo Yun Chee. Editing by Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
Amazon oznámil, že v příštích letech investuje nejméně 10 miliard EUR do modernizace evropské sítě fulfillment center pomocí robotů. To může urychlit automatizační závod a podpořit i Symbotic.
Amazon (AMZN +0.18%) recently announced that it would spend at least €10 billion ($11.4 billion) to modernize its European fulfillment network with robots over the next few years. These robots include Proteus, its fully autonomous warehouse robot; STARK, which picks up heavy bins from conveyor belts and stacks them into carts; and Vulcan, its first tactile-sensing robot that can handle a wide variety of packaging shapes and materials with extreme precision.
Will Amazon's robotics expansion create headwinds for Symbotic (SYM +2.90%), or could it accelerate the automation arms race and drive its stock even higher?
Image source: Getty Images.
What does Symbotic do? Symbotic develops fully autonomous warehouse robots that process pallets and cases. It claims a $50 million investment in just one of its modules (which includes its robots and software) can generate $250 million in savings over 25 years.
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Walmart (WMT 0.94%) is Symbotic's largest customer and one of its top investors. Symbotic generated 85% of its revenue from Walmart in fiscal 2025 (which ended last September), and it holds a contract to automate all of its U.S. regional distribution centers by 2034. Symbotic also acquired Walmart's own robotics division in early 2025, and the two companies are co-developing automated micro-fulfillment systems for individual stores.
Symbotic's other smaller customers include Target, Albertsons, C&S Wholesale, and GreenBox -- a warehouse-as-a-service joint venture it formed with its other major investor, SoftBank.
Why Amazon's move could be great news for Symbotic Amazon's new warehouse robots might initially seem like a threat to Symbotic, since the e-commerce giant could eventually sell its robots to third-party customers to offset its own spending. However, most of Symbotic's revenue still comes from Amazon's top competitor, Walmart, which will likely ramp up its own robotics spending in response to Amazon's accelerated investments.
That automation "arms race" could also drive other retail giants to sign more deals with Symbotic and its industry peers. According to Fortune Business Insights, the warehouse automation market could expand at a 16.1% CAGR from 2026 to 2034 as more of those tailwinds kick in.
From fiscal 2025 to fiscal 2028, analysts expect Symbotic's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 26% and 73%, respectively.
With an enterprise value of $3.2 billion, it still looks undervalued at one times this year's sales and 10 times its adjusted EBITDA. Therefore, this underappreciated robotics stock could still be a great long-term play on the booming warehouse automation market.
Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Symbotic, Target, and Walmart. The Motley Fool has a disclosure policy.
Warren Buffett řekl, že právě on inicioval nedávnou velkou investici Berkshire Hathaway do Alphabet. Berkshire ji odhalila ve 3. čtvrtletí 2025 a minulý měsíc přidala dalších 10 miliard USD.
Warren Buffett said Wednesday he — not Berkshire Hathaway's new CEO Greg Abel — was the driving force behind the recent big investment in Alphabet.
"I initiated it," Buffett said in an interview with CNBC's Becky Quick. "I am not doing anything that he doesn't approve of. He's not doing anything I don't approve of. We talk all the time, but he is the decider."
Berkshire first disclosed a stake in Alphabet during the third quarter of 2025 and has dramatically increased its investment since. Last month, the conglomerate invested an additional $10 billion through a private stock purchase.
"The trick in life is to find — I mean investing — is to find businesses that are going to earn high returns on capital for an extended period of time," Buffett said.
Buffett, who stepped down as Berkshire's chief executive earlier this year but remains chairman, said he and CEO Greg Abel continue to work closely together on investment decisions.
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Akcie Netflixu jsou letos v roce 2026 zhruba o 30 % níže a asi o 45 % pod maximem, kterého dosáhly zhruba před rokem. Netflix je pod tlakem kvůli obavám z klesající sledovanosti diváků před výsledky za 2. čtvrtletí. Slabší engagement může brzdit zdražování i růst reklamních tržeb.
Shares of streaming giant Netflix (NFLX 0.39%) are down roughly 30% so far in 2026 and off 45% from the peak they touched about a year ago. That decline reflects investors' growing concerns over the durability of its competitive advantages in a crowded media landscape.
Since Netflix no longer publicly reports its subscriber growth numbers, investors will look for other ways to gauge the company's health when it reports second-quarter earnings on Thursday. As one of the leading streaming platforms, engagement is the foundation of its business model. Its ability to raise subscription prices and grow advertising revenue depends on the platform's ability to capture and hold a large share of its subscribers' viewing time.
Image source: Getty Images.
A shift in the attention economy Competition for screen time now comes from all corners of the media world, putting more pressure than ever on Netflix's core business of offering on-demand shows and movies. The alternatives have expanded beyond premium streamers to include everything from live streamers on Twitch to podcasts that consume hours of user time to short-form videos on TikTok to co-creator gaming platforms like Roblox.
This environment makes it harder to maintain audience attention. On the content front, a planned new series from the producers of Stranger Things was recently canceled, and some popular returning Netflix shows have reportedly drawn smaller audiences in their second seasons.
When the company reports this week, investors will be watching the trajectory of revenue growth and margin expansion. However, management's response to a recent Wall Street Journal article that reported on the company's internal concerns regarding member engagement will likely take center stage.
Pressure on pricing power and ad growth While Netflix remains profitable, a sustained decline in engagement would weigh on its ability to push through periodic price increases in the years ahead. It could also cap the growth of its ad-supported subscription tier.
The company's ad revenue is expected to double this year to roughly $3 billion, but that is still only about 6% of total sales. For the ad tier to become a more meaningful contributor, it needs a large and engaged audience.
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Management is exploring ways to counter the trend, including adding live channels and bundling other streaming services. These moves would be a significant shift for the company. The upcoming earnings call will be an important opportunity for management to address the engagement narrative and outline its content strategy.
Bryan White has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix and Roblox. The Motley Fool has a disclosure policy.
Bank of America zvýšila výhled růstu čistého úrokového výnosu pro rok 2026 na horní hranici 6–8 % a zvedla celoroční cíl provozní páky na 300–400 bazických bodů. Firma zároveň uvedla, že AI nástroje používá více než 200 000 zaměstnanců.
Key Takeaways Bank of America expects 2026 NII growth at the high end of 6-8%, backed by loans, deposits and repricing.BAC raised full-year operating leverage guidance to 300-400 basis points after a strong first half.More than 200,000 employees use AI tools as broad segment growth supports stronger earnings power. Bank of America Corporation (BAC - Free Report) used its second-quarter 2026 call to push a forward-looking message rather than simply celebrate a beat. Management framed the quarter as evidence that broad client activity, disciplined expenses and steady balance sheet optimization are translating into stronger earnings power.
That mattered because executives also tightened the focus on what comes next: net interest income at the high end of prior guidance, continued loan and deposit growth, and more operating leverage even as the company keeps spending on technology, marketing and AI tools.
BAC Raises the Bar on 2026 NIIChairman and CEO Brian Moynihan said the quarter showed organic growth across every business segment. Revenues of $31.6 billion beat the Zacks Consensus Estimate of $30.62 billion and rose 15% year over year. EPS of $1.21 topped the Zacks Consensus Estimate of $1.13 and increased 34% from the prior-year quarter.
The more important takeaway was the outlook. Chief financial officer Alastair Borthwick said Bank of America now expects full-year 2026 net interest income growth at the upper end of its 6% to 8% range, supported by loan and deposit growth, fixed-rate asset repricing and balance sheet optimization.
Borthwick also said the company’s banking book remains asset sensitive, while a 100-basis point parallel shift above the forward curve would add about $1 billion of NII over the next 12 months. That gave investors a clearer sense of the embedded earnings lift management still sees in the core franchise.
Bank of America Defends Deposit StrategyA KBW analyst pressed management on deposit pricing and whether BAC could keep outperforming peers in a higher-for-longer setting. Borthwick’s answer centered on client mix rather than rate competition. He said the company is prioritizing operating accounts and relationship deposits, not chasing rate-sensitive balances.
That response aligned with the quarter’s balance sheet trends. Average deposits rose to $2.02 trillion, the 12th straight quarter of sequential growth, while average loans and leases increased 8% from a year earlier to $1.22 trillion. Average consumer deposits were $957 billion, and Moynihan said spending trends strengthened during the quarter.
Management also sounded constructive on the second-half loan demand. In Q&A, Borthwick said commercial growth remains healthy and card balances are moving toward management’s target pace, reinforcing the view that NII growth is being driven by underlying business activity rather than a temporary market tailwind.
BAC Keeps Leaning Into Operating LeverageMoynihan and Borthwick repeatedly returned to operating leverage as one of the quarter’s defining features. The bank posted 6.6% operating leverage in the quarter, while the efficiency ratio improved 359 basis points from a year ago to 59%.
Borthwick said first-half 2026 operating leverage exceeded 450 basis points, leading management to lift its full-year expectation to 300-400 basis points from prior commentary of more than 200 basis points. He cautioned that second-half comparisons get harder because NII and investment banking were already accelerating in the back half of 2025.
A Bernstein analyst and a Citi analyst both tested whether that leverage outlook implied underinvestment. Moynihan rejected that framing, saying Bank of America is still investing heavily in financial centers, marketing, rewards, digital capabilities and AI, while productivity gains are helping offset some of that spending.
Bank of America Highlights AI and Segment BreadthManagement treated AI as a practical productivity story, not a separate growth narrative. Moynihan said more than 200,000 employees are using AI-enabled capabilities, generating over 400,000 prompts a day, with 300-plus approved AI use cases and 114 live generative AI use cases.
That message was tied directly to execution inside the businesses. Consumer Banking posted 10% net income growth, Global Wealth and Investment Management delivered 42% net income growth on record revenues, Global Banking benefited from a 50% jump in total corporation investment banking fees and Global Markets produced its 17th consecutive quarter of year-over-year sales and trading revenue growth.
In Q&A, management also linked AI enthusiasm to underwriting discipline. Moynihan said the bank is evaluating how AI affects borrowers and industries while also using the technology internally to improve speed, consistency and client coverage. That kept the tone measured even as executives sounded upbeat on the long-term opportunity.
BAC Leaves an Upbeat But Disciplined ToneThe call ended with a management team emphasizing breadth, not a single standout line item. Moynihan pointed to resilient consumers, healthy commercial activity, strong capital markets pipelines and continued capital returns, including $8 billion returned to its shareholders in the quarter through dividends and repurchases.
Borthwick’s closing tone was similarly disciplined. He described activity as healthy across lending, payments, wealth, investment banking and markets, while maintaining that credit quality remains stable and the balance sheet remains a source of strength.
Zacks Signals for Bank of AmericaBAC currently carries a Zacks Rank #3 (Hold) with a Value Score of C, Growth Score of C, Momentum Score of A and VGM Score of B. Under the Zacks framework, the rank is the first screen because earnings estimate revisions are the most important driver, while Style Scores help refine opportunity by value, growth and momentum characteristics.
That combination points to balanced style characteristics with stronger momentum than value or growth at the moment. The VGM Score of B is constructive, but the Style Score framework is most favorable when paired with Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks. A Zacks Rank can change after earnings as analyst estimate revisions move in response to the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
JPMorgan rozšiřuje korporátní bankovnictví v EMEA a do konce roku přijme 30 seniorních bankéřů. V regionu zároveň za dva roky zvýšil počet klientů o 25 % a tržby o 15 %.
People arrive to the JPMorgan Chase & Co., headquarters in New York City, U.S., April 1, 2026. REUTERS/Eduardo Munoz/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesJPMorgan will hire 30 EMEA corporate bankers before year-endLatest sign of US banks seeking more corporate clients in EMEAHeadcount to rise 60% in five years in Middle East, North Africa, Turkey, PolandLONDON, July 15 (Reuters) - JPMorgan (JPM.N), opens new tab has launched an expansion of its corporate banking business in Europe, the Middle East and Africa as it seeks to grow income and claim market share from regional and domestic lenders, James Roddy, head of global corporate banking at the U.S. lender, told Reuters.
JPMorgan will hire 30 senior bankers before the end of the year in the region to support the firm's initiative to facilitate $1.5 trillion in financing for industries critical to national security, including up to $10 billion of its own money, Roddy said.
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The hiring forms part of a push to grow the bank's business across the EMEA region serving three corporate client groups, namely large-cap, mid-size companies and startups, Roddy said.
"Everything is on the table for entering new markets or adding resources where we are already present. We have the full support of the board to hire if it will help us better serve a client," Roddy said.
The U.S. banking giant's ambition is the latest sign of American lenders using their balance sheet clout to take more market share from European and other lenders, underscoring how regulatory changes and a booming home market have given Wall Street lenders further firepower.
JPMorgan has grown its number of clients in EMEA by 25% and revenues by 15% in the last two years, Roddy said, and is aiming to add more as it expands across the region providing services such as corporate finance, cash management, payments and foreign exchange.
JPMorgan ranks first for European investment banking fees - which will include some though not all corporate banking-related fees - so far this year, up from third place in the same period last year, according to LSEG data, increasing its market share by 1.3 percentage points to 7.4%, the most growth among the top ten lenders.
The lender has also doubled its headcount in the Middle East and North Africa, Turkey and Poland over the last two years and will grow total staff numbers by a further 60% over the next five years, Roddy said, declining to give specific numbers of employees in those markets.
JPMorgan has particularly stepped up its business and lent more in the Middle East as the turmoil resulting from the U.S.-Iran conflict has seen rivals reduce their risk appetite in the region, Roddy added.
The bank said last October it would invest up to $10 billion in U.S. companies critical to national security and economic resilience as part of the broader Security and Resilience Initiative (SRI).
JPMorgan appointed Daniel Rudnicki Schlumberger as its head of SRI for EMEA in June, following ex-British politician Chuka Umunna leaving the role for Citigroup.
Reporting by Lawrence White; Editing by Tommy Reggiori Wilkes, Alexandra Hudson
Our Standards: The Thomson Reuters Trust Principles., opens new tab
IBM uvedl Power Autonomous Operations, software s AI agentem, který má automaticky sledovat a řešit problémy na systémech Power až 15× rychleji než ruční zásah. Současně představil i server Power S1112 a IBM Bob Premium Package for i.
New IBM Power Autonomous Operations software identifies and resolves capacity constraints up to 15x1 faster than manually performing the operation IBM Bob™ Premium Package for i helps accelerate application development on IBM i Entry-level Power S1112 server helps enterprises innovate at every scale , /PRNewswire/ -- IBM (NYSE: IBM) today announced IBM Power Autonomous Operations, an AI agent that can help continuously monitor Power systems and autonomously resolve issues to keep operations running smoothly. It complements the recently launched IBM Bob™ Premium Package for i, which brings agentic-driven software designed to accelerate application development on IBM i. These capabilities can accelerate building modern applications so enterprises can innovate at the pace required by their business. Additionally, the entry-level Power S1112 server provides a new compact, efficient option powerful enough to run AI inference locally.
IBM Power S1112, a 1-socket, half-wide Power11 server. (Image credit: Thomas Prior for IBM)
IBM PowerS1112, tower chassis form factor. (Image credit: Thomas Prior for IBM) IBM Power has long been IBM's platform for mission-critical enterprise workloads. As AI becomes part of that critical infrastructure, Power is built to support it. IBM introduced Power11 last year as autonomous IT for the AI era, built for availability, resiliency, and scale across on-premises and IBM Cloud environments. IBM Power Virtual Server is a fully managed cloud service on which enterprises can run AIX, IBM i and Linux workloads while offloading much of the routine management for system operations. Now, IBM is embedding autonomous IT across the Power platform, from code to runtime, with new capabilities and systems.
According to the IBM IBV 2026 Tech Leader Study: Building the IT foundation for agentic AI at scale, by 2027, enterprises expect to deploy an average of 1,661 AI agents—a 38% increase. At that rate, tech leaders are tasked with managing hundreds of thousands of autonomous decisions daily. And manual governance can't keep up with that math.2 Additionally, according to the IBM Institute for Business Value, Enterprise 2030 study, AI is changing what companies do and how they do it.3 Closing that gap in scale requires an IT foundation that can run and optimize itself while teams focus on innovation.
These newly announced capabilities utilize AI agents to build automation directly into IBM Power across operations, security, and application development so clients can innovate with AI while prioritizing control and resilience. Power Autonomous Operations automates running and optimizing systems, with an embedded agent that lets teams manage Power through simple chat-style prompts. IBM Bob Premium Package for i makes IBM i development accessible to a broad range of engineers, expanding who can build and modernize their applications on the platform.
"Enterprises should not need to choose between moving at the speed of AI and keeping their systems stable and secure," said Hillery Hunter, General Manager for IBM Power and CTO, IBM Infrastructure. "We're making Power increasingly self-operating, so the routine work of helping to keep systems available, optimized, and secured can happen autonomously, and our clients' teams can spend their time on innovation instead of upkeep. That's how a business scales AI with control and resilience."
IBM Power S1112: Extending the Capabilities of Power Servers
As enterprises push AI workloads beyond the data center, the IBM Power S1112 is a new one-socket Power11 system built for compact on-prem deployment. The S1112 runs AI workloads locally using Power11 on-chip Matrix Math Acceleration (MMA) for faster inferencing. Power S1112 offers 2x better core performance versus Power S9144 and 3x better core performance versus Power S8145 — with up to 69% greater energy efficiency than the S9146.
To provide clients with the right level of support for this new system, IBM Technology Lifecycle Services is introducing IBM Power Expert Care Premium Essentials, a new incident-focused support tier available exclusively for the Power S1112. Premium Essentials delivers priority access to IBM experts, accelerated response, and intelligent support automation.
IBM Power Autonomous Operations: Managing Infrastructure Through Conversation
IBM Power Autonomous Operations resolves capacity constraint issues up to 15x faster than manual intervention7. Today's enterprise systems can seem to demand constant attention, but manual operations management can make it difficult to manage. IBM Power Autonomous Operations redefines this model by automating and optimizing day-to-day operations across the IBM Power environment. An embedded AI agent that enables natural, conversational interaction can help teams to manage, tune, and streamline their environments without relying on deep domain expertise for every task. The result is a resilient, self-optimizing infrastructure architected to reduce operational burden while accelerating performance and uptime.
IBM Bob Premium Package for i: Making IBM i Development Accessible to More Engineers
IBM i is a fully integrated operating system that remains a vital part of the core business of many companies across major industries, yet modernizing IBM i applications has historically required specialized skills for RPG applications. To help address this challenge, IBM Bob is an AI-powered development assistant that offers an agentic SDLC experience for enterprise developers.
IBM Bob Premium Package for i is engineered to provide built-in support for IBM i conventions and patterns across the full development lifecycle, to help engineers make changes faster, onboard sooner, and evolve applications while prioritizing team capacity along the way. From understanding complex code to moving modernization and AI projects forward, IBM Bob can expand the pool of developers who improve the IBM i applications that organizations depend on every day. Early adopters are already seeing results: Heartland Co-Op estimates 60% faster time for new-to-platform developers to understand complex applications.8
Client Momentum
Clients and partners are already running IBM Power on premises and in the cloud, drawn by its performance, resilience, and hybrid flexibility:
"For a business like ours, reliability and simplicity matter because our customers depend on us every day. IBM Power and IBM i have consistently delivered the stability and security we need to support our operations with confidence. And that continues with the introduction of IBM Bob and the IBM Power S1112. What excites me most about the new Power S1112 is the ability to do more with less through increased capacity, energy efficiency, and the growing focus IBM has on automation, making systems easier to manage for small and midsized businesses. We are also excited about how IBM Bob for IBM i can help our team accelerate modernization by quickly interpreting older RPG code, tracing field logic, generating documentation, and making decades of system knowledge easier to understand and act on. Together, IBM Power, IBM i, and IBM Bob give us a forward-looking foundation to modernize with confidence while continuing to deliver the reliability our business depends on." Jasmine Kaczmarek, vice president of technology, M.R. Williams.
"What I noticed about IBM Bob almost immediately was the level of detail provided as compared to other AIs. I like using AI to build and execute plans for specific projects. Given the exact same prompt, Bob's planning was always 10-fold more detailed than other AIs. More specifics, more details, and provided a better understanding of the steps through the project from beginning to end." Bob Richardson, ERP Support Analyst, Wynne Systems, Inc.
"The new IBM Power S1112 provides us with the flexibility to expand beyond traditional workloads and explore new AI opportunities by running Linux partitions alongside our IBM i environment," said Andy Buchholtz, Owner, Innovative Software Solutions. "Combining that flexibility with the security, reliability, and resilience we trust from the IBM Power platform gives us confidence as we continue to innovate and modernize our business."
"We're no longer reacting to weather. We're prepared for it," said Chad Simpson, CIO, City Home. "Our infrastructure is built to keep the business running, no matter what. We've honed our process to perform role swaps every quarter, and this capability gives us great confidence in our business continuity posture. It's a powerful thing, and it's all thanks to IBM Cloud and Power Virtual Server."
Availability
IBM Power S1112 is expected to be generally available on July 24, 2026, IBM Power Autonomous Operations is expected to be generally available on September 23, 2026, and IBM Bob Premium Package for i was made generally available on June 24, 2026. To learn more, visit ibm.com/power.
Statements regarding IBM's future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service.
Additional Sources
Power S1112 and autonomous IT capabilities blog IBM Power S1112 product page IBM Institute for Business Value Enterprise 2030 study Media contact:
Sarah Fraser
IBM Infrastructure Communications
[email protected]
1 Disclaimer 1: The performance and capacity management efficiency claim is based on IBM internal testing conducted in a controlled, representative IBM Power infrastructure environment consisting of eleven IBM Power systems. Capacity thresholds and alerting policies were preconfigured prior to test execution. Under this configuration, the manual operational process entailed—navigating to the performance dashboard for each system, exporting performance data to CSV/XLS format, reviewing and analyzing the data to identify required capacity adjustments, and implementing the changes—required on average 52.59 minutes to detect and resolve capacity‑related conditions across the eleven systems. In a comparable scenario, IBM Power Autonomous Operations, which includes alert ingestion and AI-based, agent-driven diagnostic analysis producing recommended and remedial actions with human-in-the-loop approval to remediate, completed the same process in on average 3.33 minutes.
2 https://www.ibm.com/thought-leadership/institute-business-value/en-us/c-suite-study/cxo
3 https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/enterprise-2030
4 Based on published CPW results comparing Power S1112/4 core to IBM Power S914/4 core. Valid as of 7/14/2026 and available at: https://www.ibm.com/downloads/documents/us-en/10c31775c5d40fed
5 Based on published CPW results comparing Power S1112/4 core to IBM Power S814/4 core. Valid as of 7/14/2026 and available at: https://www.ibm.com/downloads/documents/us-en/10c31775c5d40fed
6 Based on system capability of Power S1112/10c performance 291,300E CPW (extrapolated from 116,500 CPW for 4-cores) @ 540E Watts (539 Performance/Watt) compared to Power S914/8cperformance of 122,500 CPW @ 383 Watts (319 Performance/Watt); 539 / 319 = 1.69 more Performance/Watt
7 Disclaimer 1: The performance and capacity management efficiency claim is based on IBM internal testing conducted in a controlled, representative IBM Power infrastructure environment consisting of eleven IBM Power systems. Capacity thresholds and alerting policies were preconfigured prior to test execution. Under this configuration, the manual operational process entailed—navigating to the performance dashboard for each system, exporting performance data to CSV/XLS format, reviewing and analyzing the data to identify required capacity adjustments, and implementing the changes—required on average 52.59 minutes to detect and resolve capacity‑related conditions across the eleven systems. In a comparable scenario, IBM Power Autonomous Operations, which includes alert ingestion and AI-based, agent-driven diagnostic analysis producing recommended and remedial actions with human-in-the-loop approval to remediate, completed the same process in on average 3.33 minutes.
8 Heartland Co-op Modernizes Grain Operations with IBM i and IBM Bob
The first 2X short ETFs on Applied Optoelectronics and Oracle are now available
Funds represent first-to-market inverse strategies on Applied Optoelectronics and Oracle Corporation
, /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today launched two new leveraged ETFs on the stocks of Applied Optoelectronics and Oracle Corporation. The Cboe-listed funds seek to deliver two times short (-200%) the daily performance of their underlying target stocks.
The following ETFs are expected to open for trading today:
Tradr 2X Short AAOI Daily ETF (Cboe: AAOZ) – tracks Applied Optoelectronics, Inc. (Nasdaq: AAOI) Tradr 2X Short ORCL Daily ETF (Cboe: ORCZ) – tracks Oracle Corporation (NYSE: ORCL) The launch follows the strong adoption of the Tradr 2X Long AAOI Daily ETF (AAOX), which began trading on March 24, 2026, and has grown to over $275 million in assets under management. AAOZ now provides active traders with a complementary tool for expressing bearish views or hedging existing positions in Applied Optoelectronics.
"Both Applied Optoelectronics and Oracle have become important AI infrastructure narratives, but they're driven by very different catalysts and can experience significant price swings," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "AAOZ and ORCZ give sophisticated traders efficient tools to capitalize on downside opportunities or hedge long exposure without using margin or options. As volatility around AI-related stocks continues, we expect demand for both bullish and bearish trading vehicles to remain strong."
With today's launches, Tradr currently has 74 leveraged ETFs in its lineup. Its strategies can be accessed through most brokerage platforms and allow investors to avoid the hassle of using margin and the complexity of options trading. The firm continues its mission of providing sophisticated investors with innovative trading tools that enhance their ability to express market views with precision and efficiency.
For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.
About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.
IMPORTANT RISK INFORMATION
Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.
Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.
Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.
The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.
ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.
Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000994
M&T Bank ve 2. čtvrtletí vykázala čistý zisk 818 mil. USD a zředěný zisk na akcii 5,32 USD, obojí meziročně vyšší. Čistý úrokový výnos vzrostl na 1,792 mld. USD.
, /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $818 million or $5.32 of diluted earnings per common share.
(Dollars in millions, except per share data)
2Q26
1Q26
2Q25
Earnings Highlights
Net interest income
$ 1,792
$ 1,752
$ 1,713
Taxable-equivalent adjustment
12
11
9
Net interest income - taxable-equivalent
1,804
1,763
1,722
Provision for credit losses
120
140
125
Noninterest income
740
689
683
Noninterest expense
1,349
1,438
1,336
Net income
818
664
716
Net income available to common shareholders - diluted
781
620
679
Diluted earnings per common share
5.32
4.13
4.24
Return on average assets - annualized
1.51 %
1.26 %
1.37 %
Return on average common shareholders' equity - annualized
12.30
9.67
10.39
Average Balance Sheet
Total assets
$ 216,532
$ 213,828
$ 210,261
Interest-bearing deposits at banks
15,061
16,231
19,698
Investment securities
38,728
37,845
35,335
Loans
141,427
138,423
135,407
Deposits (1)
163,524
164,176
163,258
Borrowings
20,794
16,759
14,263
Selected Ratios
(Amounts expressed as a percent, except per share data)
Net interest margin (1)
3.70 %
3.70 %
3.62 %
Efficiency ratio (2)
52.8
58.3
55.2
Net charge-offs to average total loans - annualized
.23
.31
.32
Allowance for loan losses to total loans
1.52
1.53
1.61
Nonaccrual loans to total loans
.84
.89
1.16
Common equity Tier 1 ("CET1") capital ratio (3)
10.19
10.33
10.99
Common shareholders' equity per share
$ 176.03
$ 173.82
$ 166.94
(1)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
(2)
A reconciliation of non-GAAP measures is included in the tables that accompany this release.
(3)
CET1 capital ratio at June 30, 2026 is estimated.
Financial Highlights
Taxable-equivalent net interest income increased $41 million in the recent quarter as compared with the first quarter of 2026 reflecting an additional day in the recent quarter, higher interest income on nonaccrual loans and growth in average earning assets. The net interest margin remained at 3.70%. A $3.0 billion increase in average loan balances in the recent quarter spanned all loan categories including $2.3 billion of growth in average commercial and industrial loans. Commercial real estate loans at June 30, 2026 increased $1.1 billion from March 31, 2026. Noninterest income in the recent quarter reflects a higher distribution from M&T's investment in Bayview Lending Group LLC ("BLG"), an increase in trust income and a rise in revenues from interest rate swap agreements entered into for commercial customers. The decline in noninterest expense reflects seasonal salaries and employee benefits expense recognized in the first quarter of 2026. The allowance for loan losses as a percent of total loans declined 1 basis point to 1.52% at June 30, 2026. In the recent quarter, M&T repurchased 2.1 million shares of its common stock at a total cost of $465 million. M&T's CET1 capital ratio is estimated to be 10.19% at June 30, 2026. Chief Financial Officer Commentary
"M&T generated record earnings per share in the second quarter, reflecting strong contributions from our commercial, retail and institutional services and wealth management businesses. These results reflect the enduring strength of our franchise and the dedication of our employees to making a meaningful difference in the lives of our customers and communities. I want to thank my M&T colleagues. As a result of their commitment, M&T continues to create lasting value for everyone we serve."
- Daryl N. Bible, M&T's Chief Financial Officer
Contact:
Investor Relations:
Rajiv Ranjan
716.842.5138
Steve Wendelboe
716.842.5138
Media Relations:
Frank Lentini
929.651.0447
Non-GAAP Measures (1)
(Dollars in millions, except per share data)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Net operating income
$ 823
$ 671
23 %
$ 724
14 %
Diluted net operating earnings per common share
5.35
4.18
28
4.28
25
Annualized return on average tangible assets
1.59 %
1.33 %
1.44 %
Annualized return on average tangible common equity
18.57
14.51
15.54
Efficiency ratio
52.8
58.3
55.2
Tangible equity per common share
$ 117.41
$ 115.96
1
$ 112.48
4
(1)
A reconciliation of non-GAAP measures is included in the tables that accompany this release.
M&T consistently provides supplemental reporting of its results on a "net operating" or "tangible" basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill and core deposit and other intangible asset balances, net of applicable deferred tax amounts) and expenses associated with merging acquired operations into M&T (when incurred), since such items are considered by management to be "nonoperating" in nature.
Taxable-equivalent Net Interest Income (1)
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Average earning assets
$ 195,216
$ 192,594
1 %
$ 190,535
2 %
Average interest-bearing liabilities (2)
140,354
136,388
3
132,368
6
Net interest income - taxable-equivalent
1,804
1,763
2
1,722
5
Yield on average earning assets (2)
5.40 %
5.35 %
5.51 %
Cost of interest-bearing liabilities (2)
2.36
2.32
2.71
Net interest spread
3.04
3.03
2.80
Net interest margin (2)
3.70
3.70
3.62
(1)
Condensed Consolidated Average Balance Sheet and Annualized Taxable-equivalent Rates are included in the accompanying table herein.
(2)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
Taxable-equivalent net interest income increased $41 million, or 2%, compared with the first quarter of 2026 reflecting an additional calendar day, higher interest income from nonaccrual loans and growth in average loans in the recent quarter. Taxable-equivalent net interest income increased $82 million, or 5%, as compared with the year-earlier second quarter reflecting growth in average loans and investment securities and favorable earning asset and interest-bearing liability repricing, including an improved impact from interest rate swap agreements.
Average Earning Assets
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Interest-bearing deposits at banks
$ 15,061
$ 16,231
-7 %
$ 19,698
-24 %
Investment securities
38,728
37,845
2
35,335
10
Loans (1)
Commercial and industrial
66,069
63,804
4
61,036
8
Real estate - commercial
23,553
23,496
—
25,333
-7
Real estate - residential
25,086
24,817
1
23,684
6
Consumer
26,719
26,306
2
25,354
5
Total loans
141,427
138,423
2
135,407
4
Other
—
95
-100
95
-100
Total earning assets
$ 195,216
$ 192,594
1
$ 190,535
2
(1)
Supplemental information on loan balances is included in the accompanying table herein.
Average earning assets rose $2.6 billion from the first quarter of 2026 reflecting loan growth and the purchases of investment securities predominantly in the immediately preceding quarter. The increase in average loans reflected broad-based growth in average commercial and industrial loan balances of $2.3 billion and higher average commercial real estate loan balances of $57 million, average residential real estate loan balances of $269 million and average consumer loan balances of $413 million.
Average earning assets increased $4.7 billion from the second quarter of 2025. Average interest-bearing deposits at banks decreased $4.6 billion as liquidity was deployed to originate loans and purchase investment securities. The growth in average loans reflected higher average balances of commercial and industrial loans of $5.0 billion, including growth in loans spanning most industry types, residential real estate loans of $1.4 billion and consumer loans of $1.4 billion. Those increases were partially offset by a $1.8 billion decline in average commercial real estate loan balances, reflecting payoffs.
Average Interest-bearing Liabilities
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Interest-bearing deposits
Savings and interest-checking deposits (1)
$ 105,752
$ 106,570
-1 %
$ 103,934
2 %
Time deposits (1)
13,808
13,059
6
14,171
-3
Total interest-bearing deposits (1)
119,560
119,629
—
118,105
1
Short-term borrowings
8,016
5,695
41
3,327
141
Long-term borrowings
12,778
11,064
15
10,936
17
Total interest-bearing liabilities (1)
$ 140,354
$ 136,388
3
$ 132,368
6
(1)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
Average interest-bearing liabilities in the recent quarter rose $4.0 billion from the first quarter of 2026 reflecting an increase in average short-term borrowings from the FHLB of New York and average long-term borrowings from issuances of senior notes and securitizations.
Average interest-bearing liabilities increased $8.0 billion from the second quarter of 2025 reflecting growth in average savings and interest-checking deposits of $1.8 billion and higher average short-term borrowings from the FHLB of New York and long-term borrowings from issuances of senior notes and securitizations.
Provision for Credit Losses/Asset Quality
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
At end of quarter
Nonaccrual loans
$ 1,208
$ 1,240
-3 %
$ 1,573
-23 %
Real estate and other foreclosed assets
23
27
-14
30
-25
Total nonperforming assets
1,231
1,267
-3
1,603
-23
Accruing loans past due 90 days or more (1)
603
646
-7
496
22
Nonaccrual loans as % of loans outstanding
.84 %
.89 %
1.16 %
Allowance for loan losses
$ 2,176
$ 2,136
2
$ 2,197
-1
Allowance for loan losses as % of loans outstanding
1.52 %
1.53 %
1.61 %
Reserve for unfunded credit commitments
$ 95
$ 95
—
$ 80
19
For the period
Provision for loan losses
$ 120
$ 125
-4
$ 105
14
Provision for unfunded credit commitments
—
15
-100
20
-100
Total provision for credit losses
120
140
-14
125
-4
Net charge-offs
80
105
-23
108
-26
Net charge-offs as % of average loans (annualized)
.23 %
.31 %
.32 %
(1)
Predominantly government-guaranteed residential real estate loans.
The provision for credit losses was $120 million in the second quarter of 2026 as compared with $140 million in the immediately preceding quarter and $125 million in the second quarter of 2025. The allowance for loan losses as a percent of loans outstanding was 1.52% at June 30, 2026 and 1.53% at March 31, 2026, improved from 1.61% at June 30, 2025. That improvement reflects lower levels of criticized loans.
Nonaccrual loans were $1.2 billion at each of June 30, 2026 and March 31, 2026, compared with $1.6 billion at June 30, 2025. The lower level of nonaccrual loans at June 30, 2026 and March 31, 2026 as compared with June 30, 2025 reflects a decrease in commercial and industrial and commercial real estate nonaccrual loans.
Noninterest Income
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Mortgage banking revenues (1)
$ 127
$ 127
— %
$ 130
-2 %
Service charges on deposit accounts
144
139
4
137
4
Trust income
197
183
8
182
9
Brokerage services income
35
35
2
31
13
Trading account and other non-hedging derivative gains
22
14
61
12
100
Gain (loss) on bank investment securities
2
4
-57
—
—
Other revenues from operations (2)
213
187
14
191
12
Total
$ 740
$ 689
8
$ 683
8
(1)
Supplemental information on mortgage banking activities is included in the accompanying table herein.
(2)
Supplemental information on other revenues from operations is included in the accompanying table herein.
Effective January 1, 2026, the Company elected to prospectively measure its residential mortgage loan servicing right assets at fair value with changes in fair value reflected in mortgage banking revenues. As a result, amortization associated with residential mortgage loan servicing right assets previously recognized in other costs of operations before 2026 is no longer recorded. Instead beginning in 2026, fair value changes in residential mortgage loan servicing right assets, inclusive of the realization of expected net servicing revenues over time, are included in mortgage banking revenues. On December 31, 2025, the Company began economically hedging the risk of fair value changes in these assets through the use of various interest rate derivative contracts, for which changes in fair value are also reflected in mortgage banking revenues.
Noninterest income in the second quarter of 2026 increased $51 million, or 8%, from 2026's first quarter.
Trust income rose $14 million reflecting higher revenues from the Company's institutional services and wealth management businesses, including seasonal tax service fees. Trading account and other non-hedging derivative gains increased $8 million reflecting higher revenues from interest rate swap transactions with commercial customers. Other revenues from operations increased $26 million reflecting a $47 million distribution from M&T's investment in BLG in the recent quarter as compared with $33 million in the first quarter of 2026 and higher merchant discount and credit card fees. Noninterest income rose $57 million, or 8%, as compared with the second quarter of 2025.
Service charges on deposit accounts increased $7 million reflecting higher commercial and consumer service charges. Trust income rose $15 million reflecting higher revenues from the Company's institutional services and wealth management businesses. Trading account and other non-hedging derivative gains increased $10 million reflecting higher revenues from interest rate swap transactions with commercial customers. Other revenues from operations increased $22 million reflecting a $47 million distribution from M&T's investment in BLG in the recent quarter, partially offset by a $15 million gain on the sale of an out-of-footprint residential builder and developer loan portfolio and a $10 million gain on the sale of a subsidiary that specialized in institutional services each in the second quarter of 2025. Noninterest Expense
(Dollars in millions)
2Q26
1Q26
Change
2Q26 vs.
1Q26
2Q25
Change
2Q26 vs.
2Q25
Salaries and employee benefits
$ 826
$ 914
-10 %
$ 813
2 %
Equipment and net occupancy
129
133
-2
130
—
Outside data processing and software
154
144
8
138
12
Professional and other services
89
93
-5
86
2
FDIC assessments
18
23
-27
22
-21
Advertising and marketing
27
21
31
25
8
Amortization of core deposit and other intangible assets
7
9
-26
9
-27
Other costs of operations
99
101
-2
113
-12
Total
$ 1,349
$ 1,438
-6
$ 1,336
1
Noninterest expense declined $89 million, or 6%, from the first quarter of 2026.
Salaries and employee benefits expense decreased $88 million reflecting seasonally higher stock-based compensation, payroll-related taxes and other employee benefits expense in the first quarter of 2026 and lower average staffing levels in the recent quarter, partially offset by the full-quarter impact of annual merit increases and an additional working day in the recent quarter. Outside data processing and software costs increased $10 million reflecting costs associated with enhancements to the Company's technology infrastructure, cybersecurity and financial recordkeeping and reporting systems. Noninterest expense increased $13 million, or 1%, from the second quarter of 2025.
Salaries and employee benefits expense increased $13 million reflecting higher salaries expense from annual merit and other increases and a rise in incentive compensation, partially offset by lower staffing levels in the recent quarter. Outside data processing and software costs rose $16 million reflecting costs associated with enhancements to the Company's technology infrastructure, cybersecurity and financial recordkeeping and reporting systems. Other costs of operations decreased $14 million reflecting the amortization associated with residential mortgage loan servicing right assets in the second quarter of 2025, partially offset by higher expense associated with the Company's supplemental executive retirement savings plan. Income Taxes
The Company's effective income tax rate was 23.1% in the second quarter of 2026, compared with 23.0% and 23.4% in the first quarter of 2026 and the second quarter of 2025, respectively.
Capital and Liquidity
2Q26
1Q26
2Q25
CET1
10.19 %
(1)
10.33 %
10.99 %
Tier 1 capital
11.64
(1)
11.81
12.50
Total capital
13.72
(1)
13.61
13.96
Tangible capital – common
8.07
8.26
8.67
(1)
Capital ratios at June 30, 2026 are estimated.
M&T's capital ratios remained well above the minimum set forth by regulatory requirements. Cash dividends declared on M&T's common and preferred stock totaled $220 million and $35 million, respectively, for the quarter ended June 30, 2026. M&T's current stress capital buffer is 2.7%.
M&T repurchased shares of its common stock at a cost of $465 million during the recent quarter, compared with $1.25 billion and $1.08 billion in the first quarter of 2026 and the second quarter of 2025, respectively.
The CET1 capital ratio for M&T was estimated at 10.19% as of June 30, 2026. M&T's total risk-weighted assets at June 30, 2026 are estimated to be $167.9 billion. Reflecting loan growth and share repurchase activity in the recent quarter, M&T's tangible common equity to tangible asset ratio at June 30, 2026 decreased 19 basis points from March 31, 2026 and 60 basis points from June 30, 2025.
While not subject to the liquidity coverage ratio ("LCR") requirements, M&T estimates that its LCR on June 30, 2026 was 106%, exceeding the regulatory minimum standards that would be applicable if it were a Category III institution subject to the Category III reduced LCR requirements.
Conference Call
Investors will have an opportunity to listen to M&T's conference call to discuss second quarter financial results today at 8:00 a.m. Eastern Time. Those wishing to participate in the call may dial (800) 347-7315. International participants, using any applicable international calling codes, may dial (785) 424-1755. Callers should reference M&T Bank Corporation or the conference ID #MTBQ226. The conference call will be webcast live through M&T's website at https://ir.mtb.com/news-events/events-presentations. A replay of the call will be available through Wednesday July 22, 2026, by calling (800) 695-2533 or (402) 530-9029 for international participants. No conference ID or passcode is required. The event will also be archived and available by 3:00 p.m. today on M&T's website at https://ir.mtb.com/news-events/events-presentations.
About M&T
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.
Forward-Looking Statements
This news release and related conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the SEC. Any statement that does not describe historical or current facts is a forward-looking statement, including statements based on current expectations, estimates and projections about M&T's business, and management's beliefs and assumptions.
Statements regarding the potential effects of events or factors specific to M&T and/or the financial industry as a whole, as well as national and global events generally, on M&T's business, financial condition, liquidity and results of operations may constitute forward-looking statements. Such statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond M&T's control.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," or "potential," by future conditional verbs such as "will," "would," "should," "could," or "may," or by variations of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict and may cause actual outcomes to differ materially from what is expressed or forecasted.
While there can be no assurance that any list of risks and uncertainties is complete, important factors that could cause actual outcomes and results to differ materially from those contemplated by forward-looking statements include the following, without limitation: economic conditions and growth rates, including inflation and market volatility; events, developments and current conditions in the financial services industry, including trust, brokerage and investment management businesses; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity; prepayment speeds, loan originations, loan concentrations by type and industry, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; levels of client deposits; ability to contain costs and expenses; changes in M&T's credit ratings; domestic or international political developments and other geopolitical events, including trade and tariff policies and international conflicts and hostilities; changes and trends in the securities markets; common shares outstanding and common stock price volatility; fair value of and number of stock-based compensation awards to be issued in future periods; the impact of changes in market values on trust-, brokerage-, and investment management-related revenues; federal, state or local legislation and/or regulations affecting the financial services industry, or M&T and its subsidiaries individually or collectively, including tax policy; regulatory supervision and oversight, including monetary policy and capital requirements; governmental and public policy changes; political conditions, either nationally or in the states in which M&T and its subsidiaries do business; the initiation and outcome of potential, pending and future litigation, investigations and governmental proceedings, including tax-related examinations and other matters; operational risk events, including loss resulting from fraud by employees or persons outside M&T and breaches in data and cybersecurity; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board, regulatory agencies or legislation; increasing price, product and service competition by competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products and services; protection and validity of intellectual property rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support M&T and its subsidiaries' future businesses; and material differences in the actual financial results of merger, acquisition, divestment and investment activities compared with M&T's initial expectations, including the full realization of anticipated cost savings and revenue enhancements.
These are representative of the factors that could affect the outcome of the forward-looking statements. In addition, as noted, such statements could be affected by general industry and market conditions and growth rates, general economic and political conditions, either nationally or in the states in which M&T and its subsidiaries do business, and other factors.
M&T provides further detail regarding these risks and uncertainties in its Form 10-K for the year ended December 31, 2025, including in the Risk Factors section of such report, as well as in other SEC filings. Forward-looking statements speak only as of the date they are made, and M&T assumes no duty and does not undertake to update forward-looking statements.
Financial Highlights
Three Months Ended
Six Months Ended
June 30,
June 30,
(Dollars in millions, except per share, shares in thousands)
2026
2025
Change
2026
2025
Change
Performance
Net income
$ 818
$ 716
14 %
$ 1,482
$ 1,300
14 %
Net income available to common shareholders
781
679
15
1,401
1,226
14
Per common share:
Basic earnings
5.35
4.26
26
9.49
7.58
25
Diluted earnings
5.32
4.24
25
9.44
7.55
25
Cash dividends
1.50
1.35
11
3.00
2.70
11
Common shares outstanding:
Average - diluted
146,758
160,005
-8
148,424
162,511
-9
Period end
144,933
156,532
-7
144,933
156,532
-7
Return on (annualized):
Average total assets
1.51 %
1.37 %
1.39 %
1.25 %
Average common shareholders' equity
12.30
10.39
10.98
9.37
Taxable-equivalent net interest income
$ 1,804
$ 1,722
5
$ 3,567
$ 3,429
4
Yield on average earning assets (1)
5.40 %
5.51 %
5.38 %
5.51 %
Cost of interest-bearing liabilities (1)
2.36
2.71
2.35
2.70
Net interest spread (1)
3.04
2.80
3.03
2.81
Contribution of interest-free funds (1)
.66
.82
.67
.83
Net interest margin
3.70
3.62
3.70
3.64
Net charge-offs to average total net loans (annualized)
.23
.32
.27
.33
Net operating results (2)
Net operating income
$ 823
$ 724
14
$ 1,494
$ 1,318
13
Diluted net operating earnings per common share
5.35
4.28
25
9.52
7.66
24
Return on (annualized):
Average tangible assets
1.59 %
1.44 %
1.46 %
1.32 %
Average tangible common equity
18.57
15.54
16.52
14.03
Efficiency ratio
52.8
55.2
55.5
57.8
At June 30,
Loan quality
2026
2025
Change
Nonaccrual loans
$ 1,208
$ 1,573
-23 %
Real estate and other foreclosed assets
23
30
-25
Total nonperforming assets
$ 1,231
$ 1,603
-23
Accruing loans past due 90 days or more
$ 603
$ 496
22
Government guaranteed loans included in totals above:
Nonaccrual loans
$ 78
$ 75
4
Accruing loans past due 90 days or more
586
450
30
Nonaccrual loans to total loans
.84 %
1.16 %
Allowance for loan losses to total loans
1.52
1.61
Additional information
Period end common stock price
$ 238.01
$ 193.99
23
Full-service domestic banking offices (3)
911
941
-3
Full-time equivalent employees
21,662
22,590
-4
(1)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
(2)
Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. Reconciliations of net income with net operating income appear herein.
(3)
In the first quarter of 2026, thirteen domestic branches formerly classified as full service were designated as limited service per regulatory filings.
Financial Highlights, Five Quarter Trend
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions, except per share, shares in thousands)
2026
2026
2025
2025
2025
Performance
Net income
$ 818
$ 664
$ 759
$ 792
$ 716
Net income available to common shareholders
781
620
718
754
679
Per common share:
Basic earnings
5.35
4.16
4.71
4.85
4.26
Diluted earnings
5.32
4.13
4.67
4.82
4.24
Cash dividends
1.50
1.50
1.50
1.50
1.35
Common shares outstanding:
Average - diluted
146,758
150,109
153,712
156,553
160,005
Period end
144,933
146,917
151,840
154,518
156,532
Return on (annualized):
Average total assets
1.51 %
1.26 %
1.41 %
1.49 %
1.37 %
Average common shareholders' equity
12.30
9.67
10.87
11.45
10.39
Taxable-equivalent net interest income
$ 1,804
$ 1,763
$ 1,790
$ 1,773
$ 1,722
Yield on average earning assets (1)
5.40 %
5.35 %
5.47 %
5.60 %
5.51 %
Cost of interest-bearing liabilities (1)
2.36
2.32
2.52
2.72
2.71
Net interest spread
3.04
3.03
2.95
2.88
2.80
Contribution of interest-free funds (1)
.66
.67
.75
.81
.82
Net interest margin (1)
3.70
3.70
3.70
3.69
3.62
Net charge-offs to average total net loans (annualized)
.23
.31
.54
.42
.32
Net operating results (2)
Net operating income
$ 823
$ 671
$ 767
$ 798
$ 724
Diluted net operating earnings per common share
5.35
4.18
4.72
4.87
4.28
Return on (annualized):
Average tangible assets
1.59 %
1.33 %
1.49 %
1.56 %
1.44 %
Average tangible common equity
18.57
14.51
16.24
17.13
15.54
Efficiency ratio
52.8
58.3
55.1
53.6
55.2
June 30,
March 31,
December 31,
September 30,
June 30,
Loan quality
2026
2026
2025
2025
2025
Nonaccrual loans
$ 1,208
$ 1,240
$ 1,252
$ 1,512
$ 1,573
Real estate and other foreclosed assets
23
27
35
37
30
Total nonperforming assets
$ 1,231
$ 1,267
$ 1,287
$ 1,549
$ 1,603
Accruing loans past due 90 days or more
$ 603
$ 646
$ 561
$ 432
$ 496
Government guaranteed loans included in totals above:
Nonaccrual loans
78
85
83
71
75
Accruing loans past due 90 days or more
586
634
543
403
450
Nonaccrual loans to total loans
.84 %
.89 %
.90 %
1.10 %
1.16 %
Allowance for loan losses to total loans
1.52
1.53
1.53
1.58
1.61
Additional information
Period end common stock price
$ 238.01
$ 206.72
$ 201.48
$ 197.62
$ 193.99
Full-service domestic banking offices (3)
911
930
942
942
941
Full-time equivalent employees
21,662
21,866
22,080
22,383
22,590
(1)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
(2)
Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. Reconciliations of net income with net operating income appear herein.
(3)
In the first quarter of 2026, thirteen domestic branches formerly classified as full service were designated as limited service per regulatory filings.
Condensed Consolidated Statement of Income
Three Months Ended
Six Months Ended
June 30,
June 30,
(Dollars in millions)
2026
2025
Change
2026
2025
Change
Interest income
$ 2,620
$ 2,609
— %
$ 5,156
$ 5,169
— %
Interest expense
828
896
-8
1,612
1,761
-8
Net interest income
1,792
1,713
5
3,544
3,408
4
Provision for credit losses
120
125
-4
260
255
2
Net interest income after provision for credit losses
1,672
1,588
5
3,284
3,153
4
Other income
Mortgage banking revenues
127
130
-2
254
248
2
Service charges on deposit accounts
144
137
4
283
270
5
Trust income
197
182
9
380
359
6
Brokerage services income
35
31
13
70
63
11
Trading account and other non-hedging
derivative gains
22
12
100
36
21
74
Gain (loss) on bank investment securities
2
—
—
6
—
—
Other revenues from operations
213
191
12
400
333
20
Total other income
740
683
8
1,429
1,294
10
Other expense
Salaries and employee benefits
826
813
2
1,740
1,700
2
Equipment and net occupancy
129
130
—
262
262
—
Outside data processing and software
154
138
12
298
274
9
Professional and other services
89
86
2
182
170
7
FDIC assessments
18
22
-21
41
45
-10
Advertising and marketing
27
25
8
48
47
1
Amortization of core deposit and other
intangible assets
7
9
-27
16
22
-27
Other costs of operations
99
113
-12
200
231
-13
Total other expense
1,349
1,336
1
2,787
2,751
1
Income before taxes
1,063
935
14
1,926
1,696
14
Income taxes
245
219
12
444
396
12
Net income
$ 818
$ 716
14 %
$ 1,482
$ 1,300
14 %
Condensed Consolidated Statement of Income, Five Quarter Trend
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
Interest income
$ 2,620
$ 2,536
$ 2,637
$ 2,680
$ 2,609
Interest expense
828
784
858
919
896
Net interest income
1,792
1,752
1,779
1,761
1,713
Provision for credit losses
120
140
125
125
125
Net interest income after provision for credit losses
1,672
1,612
1,654
1,636
1,588
Other income
Mortgage banking revenues
127
127
155
147
130
Service charges on deposit accounts
144
139
140
141
137
Trust income
197
183
184
181
182
Brokerage services income
35
35
34
34
31
Trading account and other non-hedging
derivative gains
22
14
19
18
12
Gain (loss) on bank investment securities
2
4
1
1
—
Other revenues from operations
213
187
163
230
191
Total other income
740
689
696
752
683
Other expense
Salaries and employee benefits
826
914
809
833
813
Equipment and net occupancy
129
133
134
129
130
Outside data processing and software
154
144
146
138
138
Professional and other services
89
93
105
81
86
FDIC assessments
18
23
(8)
13
22
Advertising and marketing
27
21
32
23
25
Amortization of core deposit and other
intangible assets
7
9
10
10
9
Other costs of operations
99
101
151
136
113
Total other expense
1,349
1,438
1,379
1,363
1,336
Income before taxes
1,063
863
971
1,025
935
Income taxes
245
199
212
233
219
Net income
$ 818
$ 664
$ 759
$ 792
$ 716
Condensed Consolidated Balance Sheet
June 30,
(Dollars in millions)
2026
2025
Change
ASSETS
Cash and due from banks
$ 1,939
$ 2,128
-9 %
Interest-bearing deposits at banks
15,499
19,297
-20
Investment securities
38,374
35,568
8
Loans:
Commercial and industrial
66,143
61,660
7
Real estate - commercial
24,492
24,567
—
Real estate - residential
25,384
24,117
5
Consumer
27,174
25,772
5
Total loans
143,193
136,116
5
Less: allowance for loan losses
2,176
2,197
-1
Net loans
141,017
133,919
5
Goodwill
8,465
8,465
—
Core deposit and other intangible assets
48
84
-43
Other assets
13,919
12,123
15
Total assets
$ 219,261
$ 211,584
4 %
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits
$ 48,295
$ 47,485
2 %
Interest-bearing deposits
120,590
116,968
3
Total deposits
168,885
164,453
3
Short-term borrowings
4,614
2,071
123
Long-term borrowings
13,568
12,380
10
Accrued interest and other liabilities
4,248
4,155
2
Total liabilities
191,315
183,059
5
Shareholders' equity:
Preferred
2,434
2,394
2
Common
25,512
26,131
-2
Total shareholders' equity
27,946
28,525
-2
Total liabilities and shareholders' equity
$ 219,261
$ 211,584
4 %
Condensed Consolidated Balance Sheet, Five Quarter Trend
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
ASSETS
Cash and due from banks
$ 1,939
$ 1,903
$ 1,701
$ 1,950
$ 2,128
Interest-bearing deposits at banks
15,499
14,445
17,068
16,751
19,297
Investment securities
38,374
38,621
36,649
36,864
35,568
Loans:
Commercial and industrial
66,143
65,391
63,548
61,887
61,660
Real estate - commercial
24,492
23,345
23,819
24,046
24,567
Real estate - residential
25,384
24,857
24,874
24,662
24,117
Consumer
27,174
26,321
26,461
26,379
25,772
Total loans
143,193
139,914
138,702
136,974
136,116
Less: allowance for loan losses
2,176
2,136
2,116
2,161
2,197
Net loans
141,017
137,778
136,586
134,813
133,919
Goodwill
8,465
8,465
8,465
8,465
8,465
Core deposit and other intangible assets
48
55
64
74
84
Other assets
13,919
13,469
12,977
12,360
12,123
Total assets
$ 219,261
$ 214,736
$ 213,510
$ 211,277
$ 211,584
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits
$ 48,295
$ 45,892
$ 46,509
$ 44,994
$ 47,485
Interest-bearing deposits
120,590
117,849
120,400
118,432
116,968
Total deposits
168,885
163,741
166,909
163,426
164,453
Short-term borrowings
4,614
7,851
2,149
2,059
2,071
Long-term borrowings
13,568
11,175
10,911
12,928
12,380
Accrued interest and other liabilities
4,248
3,997
4,364
4,136
4,155
Total liabilities
191,315
186,764
184,333
182,549
183,059
Shareholders' equity:
Preferred
2,434
2,434
2,834
2,394
2,394
Common
25,512
25,538
26,343
26,334
26,131
Total shareholders' equity
27,946
27,972
29,177
28,728
28,525
Total liabilities and shareholders' equity
$ 219,261
$ 214,736
$ 213,510
$ 211,277
$ 211,584
Condensed Consolidated Average Balance Sheet and Annualized Taxable-equivalent Rates
Three Months Ended
Change in Balance
Six Months Ended
June 30,
March 31,
June 30,
June 30, 2026 from
June 30,
Change
2026
2026
2025
March 31,
June 30,
2026
2025
in
(Dollars in millions)
Balance
Rate
Balance
Rate
Balance
Rate
2026
2025
Balance
Rate
Balance
Rate
Balance
ASSETS
Interest-bearing deposits at banks
$ 15,061
3.72 %
$ 16,231
3.71 %
$ 19,698
4.47 %
-7 %
-24 %
$ 15,642
3.72 %
$ 19,697
4.48 %
-21 %
Investment securities (1) (2)
38,728
4.29
37,845
4.22
35,335
3.80
2
10
38,289
4.25
34,909
3.88
10
Loans:
Commercial and industrial
66,069
6.00
63,804
6.00
61,036
6.40
4
8
64,942
6.00
61,046
6.38
6
Real estate - commercial (1)
23,553
6.27
23,496
6.11
25,333
6.40
—
-7
23,525
6.19
25,794
6.32
-9
Real estate - residential
25,086
4.64
24,817
4.56
23,684
4.52
1
6
24,952
4.60
23,431
4.48
6
Consumer
26,719
6.46
26,306
6.48
25,354
6.57
2
5
26,514
6.47
24,856
6.57
7
Total loans (1)
141,427
5.89
138,423
5.85
135,407
6.10
2
4
139,933
5.87
135,127
6.08
4
Other (1)
—
—
95
3.49
95
3.47
-100
-100
47
—
96
3.47
-51
Total earning assets (1)
195,216
5.40
192,594
5.35
190,535
5.51
1
2
193,911
5.38
189,829
5.51
2
Goodwill
8,465
8,465
8,465
—
—
8,465
8,465
—
Core deposit and other intangible assets
51
59
89
-13
-42
55
90
-39
Other assets
12,800
12,710
11,172
1
15
12,755
10,912
17
Total assets
$ 216,532
$ 213,828
$ 210,261
1 %
3 %
$ 215,186
$ 209,296
3 %
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits
Savings and interest-checking
deposits (1)
$ 105,752
1.81 %
$ 106,570
1.84 %
$ 103,934
2.24 %
-1 %
2 %
$ 106,159
1.82 %
$ 102,741
2.22 %
3 %
Time deposits (1)
13,808
3.02
13,059
3.02
14,171
3.48
6
-3
13,435
3.02
14,140
3.52
-5
Total interest-bearing deposits (1)
119,560
1.95
119,629
1.97
118,105
2.39
—
1
119,594
1.96
116,881
2.38
2
Short-term borrowings
8,016
3.86
5,695
3.86
3,327
4.49
41
141
6,862
3.86
3,100
4.51
121
Long-term borrowings (1)
12,778
5.33
11,064
5.41
10,936
5.70
15
17
11,926
5.37
11,109
5.64
7
Total interest-bearing liabilities (1)
140,354
2.36
136,388
2.32
132,368
2.71
3
6
138,382
2.35
131,090
2.70
6
Noninterest-bearing deposits
43,964
44,547
45,153
-1
-3
44,254
45,294
-2
Other liabilities (1)
4,275
4,245
4,074
1
5
4,259
4,081
4
Total liabilities
188,593
185,180
181,595
2
4
186,895
180,465
4
Shareholders' equity
27,939
28,648
28,666
-2
-3
28,291
28,831
-2
Total liabilities and shareholders' equity
$ 216,532
$ 213,828
$ 210,261
1 %
3 %
$ 215,186
$ 209,296
3 %
Net interest spread (1)
3.04
3.03
2.80
3.03
2.81
Contribution of interest-free funds (1)
.66
.67
.82
.67
.83
Net interest margin (1)
3.70 %
3.70 %
3.62 %
3.70 %
3.64 %
(1)
In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation.
(2)
Yields on investment securities for the three-month and six-month periods ended June 30, 2025 reflect $20 million and $18 million, respectively, of lower taxable-equivalent interest income resulting from an alignment of amortization periods for certain municipal bonds obtained from the acquisition of People's United Financial, Inc.
Supplemental Information - Loan Balances
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
Commercial and industrial
Commercial and industrial excluding
owner-occupied real estate by industry:
Financial and insurance
$ 13,852
$ 13,545
$ 12,794
$ 12,084
$ 12,138
Services
8,559
8,235
7,910
7,689
7,646
Motor vehicle and recreational finance dealers
6,972
7,069
7,191
6,637
6,502
Manufacturing
6,407
6,424
6,112
6,241
6,189
Wholesale
4,343
4,359
4,386
4,246
4,246
Transportation, communications, utilities
4,208
3,937
3,890
3,755
3,807
Retail
3,330
3,316
3,098
3,114
3,079
Construction
2,450
2,311
2,265
2,206
2,275
Health services
1,712
1,841
1,822
1,780
1,879
Real estate investors
1,526
1,668
1,579
1,506
1,314
Other
1,400
1,365
1,303
1,568
1,377
Total commercial and industrial
excluding owner-occupied real estate
54,759
54,070
52,350
50,826
50,452
Owner-occupied real estate by industry:
Services
2,362
2,377
2,368
2,308
2,402
Motor vehicle and recreational finance dealers
2,180
2,217
2,234
2,162
2,239
Retail
1,926
1,916
1,893
1,825
1,808
Health services
1,464
1,335
1,268
1,320
1,313
Wholesale
1,035
1,029
978
975
951
Manufacturing
712
727
791
783
785
Real estate investors
607
617
616
634
630
Other
1,098
1,103
1,050
1,054
1,080
Total owner-occupied real estate
11,384
11,321
11,198
11,061
11,208
Total commercial and industrial
66,143
65,391
63,548
61,887
61,660
Commercial real estate
Permanent finance by property type:
Apartments/Multifamily
7,124
6,628
6,837
6,548
6,082
Retail/Service
4,259
4,237
4,164
4,320
4,435
Industrial/Warehouse
3,276
2,462
2,297
2,175
2,098
Office
3,147
3,282
3,423
3,487
3,720
Hotel
1,665
1,727
1,743
1,776
1,889
Health Services
1,583
1,507
1,548
1,554
1,669
Other
180
187
180
202
262
Total permanent
21,234
20,030
20,192
20,062
20,155
Construction/Development
3,258
3,315
3,627
3,984
4,412
Total commercial real estate
24,492
23,345
23,819
24,046
24,567
Residential real estate
Residential real estate
25,384
24,857
24,874
24,662
24,117
Consumer
Home equity lines and loans
4,891
4,796
4,807
4,730
4,634
Recreational finance
14,856
14,144
14,092
14,152
13,666
Automobile
4,969
5,016
5,167
5,223
5,260
Other
2,458
2,365
2,395
2,274
2,212
Total consumer
27,174
26,321
26,461
26,379
25,772
Total loans
$ 143,193
$ 139,914
$ 138,702
$ 136,974
$ 136,116
Supplemental Information - Mortgage Banking Activities
Three Months Ended
Change
Six Months Ended
Change
June 30,
March 31,
June 30,
June 30,
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Residential mortgage banking revenues
Gains on loans originated for sale
$ 7
$ 8
$ (1)
-9 %
$ 15
$ 14
$ 1
5 %
Loan servicing:
Loan servicing fees
33
32
1
2
65
70
(5)
-6
Changes in fair value of mortgage loan
servicing right assets, net of hedging activities
(11)
(13)
2
15
(24)
—
(24)
—
Loan sub-servicing and other fees
67
62
5
9
129
95
34
35
Total loan servicing
89
81
8
10
170
165
5
3
Total residential mortgage banking revenues
$ 96
$ 89
$ 7
8 %
$ 185
$ 179
$ 6
3 %
New commitments to originate loans for sale
$ 411
$ 400
$ 11
3 %
$ 811
$ 612
$ 199
33 %
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
Balances at period end
Loans held for sale
$ 256
$ 327
$ 441
$ 327
$ 222
Commitments to originate loans for sale
258
222
224
329
248
Commitments to sell loans
467
544
645
576
407
Capitalized mortgage loan servicing assets
540
542
287
305
326
Loans serviced for others
35,253
35,586
35,873
36,421
36,952
Loans sub-serviced for others
183,599
123,968
156,938
161,785
157,608
Total loans serviced for others
$ 218,852
$ 159,554
$ 192,811
$ 198,206
$ 194,560
Three Months Ended
Change
Six Months Ended
Change
June 30,
March 31,
June 30,
June 30,
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Commercial mortgage banking revenues
Gains on loans originated for sale
$ 13
$ 18
$ (5)
-28 %
$ 31
$ 30
$ 1
3 %
Loan servicing fees and other
18
20
(2)
-11
38
39
(1)
—
Total commercial mortgage banking revenues
$ 31
$ 38
$ (7)
-19 %
$ 69
$ 69
$ —
1 %
Loans originated for sale to other investors
$ 746
$ 1,135
$ (389)
-34 %
$ 1,881
$ 2,087
$ (206)
-10 %
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
Balances at period end
Loans held for sale
$ 259
$ 359
$ 484
$ 278
$ 361
Commitments to originate loans for sale
485
529
773
1,074
659
Commitments to sell loans
740
903
1,253
1,292
1,017
Capitalized mortgage loan servicing assets
136
138
132
123
124
Loans serviced for others
31,368
30,934
30,309
28,957
28,416
Loans sub-serviced for others
4,072
4,194
4,231
4,297
4,209
Total loans serviced for others
$ 35,440
$ 35,128
$ 34,540
$ 33,254
$ 32,625
Supplemental Information - Other Revenues from Operations
Three Months Ended
Six Months Ended
June 30,
March 31,
Change
June 30,
June 30,
Change
(Dollars in millions)
2026
2026
Amount
%
2026
2025
Amount
%
Letter of credit and other credit-related fees
$ 55
$ 54
$ 1
— %
$ 109
$ 107
$ 2
2 %
Merchant discount and credit card fees
47
41
6
17
88
89
(1)
-2
Bank owned life insurance revenue
20
18
2
5
38
35
3
8
Equipment operating lease income
11
11
—
1
22
25
(3)
-12
BLG income
47
33
14
43
80
—
80
—
Other
33
30
3
11
63
77
(14)
-17
Total other revenues from operations
$ 213
$ 187
$ 26
14 %
$ 400
$ 333
$ 67
20 %
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(Dollars in millions)
2026
2026
2025
2025
2025
Letter of credit and other credit-related fees
$ 55
$ 54
$ 57
$ 55
$ 58
Merchant discount and credit card fees
47
41
46
51
50
Bank owned life insurance revenue
20
18
19
21
17
Equipment operating lease income
11
11
11
12
14
BLG income
47
33
—
20
—
Other
33
30
30
71
52
Total other revenues from operations
$ 213
$ 187
$ 163
$ 230
$ 191
Supplemental Information - Interest Rate Swap Agreements
(Dollars in billions)
June 30, 2026
September 30, 2026
December 31, 2026
March 31, 2027
June 30, 2027
September 30, 2027
December 31, 2027
Fair value hedges:
Active
$ 6.1
$ 6.1
$ 6.1
$ 6.1
$ 6.1
$ 5.1
$ 5.1
Cash flow hedges:
Active
16.0
13.7
14.5
14.0
12.7
10.7
9.6
Forward-starting
10.2
5.0
4.2
2.0
—
—
—
Fair value hedges -
weighted-average fixed rate:
Active
3.56 %
3.56 %
3.56 %
3.56 %
3.56 %
3.66 %
3.66 %
Cash flow hedges -
weighted-average fixed rate:
Active
3.82
3.62
3.62
3.60
3.64
3.63
3.57
Forward-starting
3.52
3.64
3.65
3.91
—
—
—
Reconciliation of Quarterly GAAP to Non-GAAP Measures
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
(Dollars in millions, except per share)
Income statement data
Net income
Net income
$ 818
$ 716
$ 1,482
$ 1,300
Amortization of core deposit and other intangible assets (1)
5
8
12
18
Net operating income
$ 823
$ 724
$ 1,494
$ 1,318
Earnings per common share
Diluted earnings per common share
$ 5.32
$ 4.24
$ 9.44
$ 7.55
Amortization of core deposit and other intangible assets (1)
.03
.04
.08
.11
Diluted net operating earnings per common share
$ 5.35
$ 4.28
$ 9.52
$ 7.66
Other expense
Other expense
$ 1,349
$ 1,336
$ 2,787
$ 2,751
Amortization of core deposit and other intangible assets
(7)
(9)
(16)
(22)
Noninterest operating expense
$ 1,342
$ 1,327
$ 2,771
$ 2,729
Efficiency ratio
Noninterest operating expense (numerator)
$ 1,342
$ 1,327
$ 2,771
$ 2,729
Taxable-equivalent net interest income
$ 1,804
$ 1,722
$ 3,567
$ 3,429
Other income
740
683
1,429
1,294
Less: Gain (loss) on bank investment securities
2
—
6
—
Denominator
$ 2,542
$ 2,405
$ 4,990
$ 4,723
Efficiency ratio
52.8 %
55.2 %
55.5 %
57.8 %
Balance sheet data
Average assets
Average assets
$ 216,532
$ 210,261
$ 215,186
$ 209,296
Goodwill
(8,465)
(8,465)
(8,465)
(8,465)
Core deposit and other intangible assets
(51)
(89)
(55)
(90)
Deferred taxes
17
26
18
26
Average tangible assets
$ 208,033
$ 201,733
$ 206,684
$ 200,767
Average common equity
Average total equity
$ 27,939
$ 28,666
$ 28,291
$ 28,831
Preferred stock
(2,434)
(2,394)
(2,505)
(2,394)
Average common equity
25,505
26,272
25,786
26,437
Goodwill
(8,465)
(8,465)
(8,465)
(8,465)
Core deposit and other intangible assets
(51)
(89)
(55)
(90)
Deferred taxes
17
26
18
26
Average tangible common equity
$ 17,006
$ 17,744
$ 17,284
$ 17,908
At end of quarter
Total assets
Total assets
$ 219,261
$ 211,584
Goodwill
(8,465)
(8,465)
Core deposit and other intangible assets
(48)
(84)
Deferred taxes
17
25
Total tangible assets
$ 210,765
$ 203,060
Total common equity
Total equity
$ 27,946
$ 28,525
Preferred stock
(2,434)
(2,394)
Common equity
25,512
26,131
Goodwill
(8,465)
(8,465)
Core deposit and other intangible assets
(48)
(84)
Deferred taxes
17
25
Total tangible common equity
$ 17,016
$ 17,607
(1)
After any related tax effect.
Reconciliation of Quarterly GAAP to Non-GAAP Measures, Five Quarter Trend
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
(Dollars in millions, except per share)
Income statement data
Net income
Net income
$ 818
$ 664
$ 759
$ 792
$ 716
Amortization of core deposit and other intangible assets (1)
5
7
8
6
8
Net operating income
$ 823
$ 671
$ 767
$ 798
$ 724
Earnings per common share
Diluted earnings per common share
$ 5.32
$ 4.13
$ 4.67
$ 4.82
$ 4.24
Amortization of core deposit and other intangible assets (1)
.03
.05
.05
.05
.04
Diluted net operating earnings per common share
$ 5.35
$ 4.18
$ 4.72
$ 4.87
$ 4.28
Other expense
Other expense
$ 1,349
$ 1,438
$ 1,379
$ 1,363
$ 1,336
Amortization of core deposit and other intangible assets
Pratt & Whitney rozšiřuje inspekce motorů o AI software pro boreskopii po převzetí Aiir Innovations. Technologie už zkrátila kontroly a firma ji chce nasadit napříč svými motory.
Enhanced borescope analytics will strengthen global MRO operations for commercial and military engines
, /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, is expanding its engine inspection capabilities with AI-assisted borescope software through the acquisition and integration of Amsterdam-based Aiir Innovations. This technology enables a step change in how inspections are performed, enhancing consistency and efficiency across global maintenance, repair and overhaul (MRO) operations for commercial, civil and military engines.
"Broadening the integration of AI-assisted inspection capability strengthens our ability to detect issues earlier, improve turnaround times, increase time on wing and reduce operational disruption for our customers," said Rob Griffiths, senior vice president, Commercial Engines Operations at Pratt & Whitney. "It will fundamentally reshape how engines and components are inspected, maintained and supported throughout their lifecycle, as we increase its application across Pratt & Whitney."
The software assists inspectors by applying artificial intelligence to borescope video to deliver faster, more repeatable assessments. It has already been rolled out to commercial customers and MRO providers, significantly reducing inspection times. Pratt & Whitney has applied the technology on the V2500 engine and recently completed pilots on the GTF and F135 engines, with plans to expand its use across the company.
By adapting to inspector feedback to enhance classification performance over time, the technology becomes smarter, more accurate and increasingly aligned with real-world expertise. It also enables configurable reporting capabilities, allowing processes that once required substantial time to be completed in minutes with greater quality, consistency, traceability and accuracy.
About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
Elevance zvýšila celoroční výhled upraveného zisku na nejméně 27 USD na akcii po překonání odhadů za druhé čtvrtletí. Čisté náklady na péči udržela pod očekáváním, když medical loss ratio činil 89,7 %.
Elevance Health President and CEO Gail Boudreaux listens during a House Energy and Commerce Health Subcommittee hearing examining health insurance affordability and healthcare costs in... Purchase Licensing Rights, opens new tab Read more
CompaniesJuly 15 (Reuters) - Elevance Health (ELV.N), opens new tab raised its annual profit forecast after beating second-quarter earnings estimates on Wednesday, as it looks to keep medical costs in check.
In April, the company said it has greater clarity on medical costs for the rest of the year as it leans on its efforts to keep them under control.
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Elevance, which has greater exposure to commercial insurance and Medicaid plans for low-income Americans, has been withdrawing from underperforming Medicare Advantage markets for older adults.
Higher demand for healthcare services among members of government-funded plans has increased medical expenses for health insurers.
For the quarter, the company reported a medical loss ratio, the percentage of premiums spent on medical care, of 89.7%. Analysts on average had expected a ratio of 90.15%, according to data compiled by LSEG.
The health insurer forecast annual adjusted profit to be at least $27 per share, compared with at least $26.75 per share projected earlier.
Analysts on average estimate an annual profit of $26.86 per share.
The company posted a quarterly adjusted profit of $7.45 per share, surpassing analysts' average estimate of $6.21.
Reporting by Sriparna Roy and Sneha S K in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Akamai uvedla, že commerce je nyní odvětvím, na které se kyberzločinci kvůli AI botům a novým podvodům zaměřují nejvíce. Na její síti tvořily k prosinci 2025 AI boty 47,9 % veškerého commerce provozu.
Commerce faces rising AI bot activity, escalating DDoS attacks, and new fraud tactics July 15, 2026 06:28 ET | Source: Akamai Technologies, Inc.
CAMBRIDGE, Mass., July 15, 2026 (GLOBE NEWSWIRE) -- An evolution toward agentic commerce and autonomous AI tools has made commerce the world’s most targeted industry by cybercriminals, according to the latest Akamai (NASDAQ: AKAM) State of the Internet (SOTI) security report, Securing the Agentic Storefront: Attacks on Commerce.
The report highlights that, as of December 2025, nearly half (47.9%) of all commerce traffic across Akamai’s global network now consists of AI bots. Furthermore, the industry continues to suffer a relentless barrage of application-layer (Layer 7) distributed denial-of-service (DDoS) activity, malicious web application exploits, and a dangerous narrowing of the gap between traditional application attacks and API-targeted exploits.
“We are securing a digital frontier where the ‘customer’ is increasingly an AI agent operating on behalf of the human user,” said Patrick Sullivan, Chief Technology Officer of Security Strategy at Akamai. “This report reveals how and why security leaders must embrace ‘agentic readiness,’ to architect sites that welcome legitimate AI while aggressively shutting down malicious bots.”
Additional key findings include:
The rise of agentic commerce fraud: Autonomous AI shopping agents are creating a signal masking problem by perfectly mimicking human microbehaviors, according to guest contributor Pam Lindemoen, Chief Security Officer and Vice President of Strategy at RH-ISAC. Threat actors are now using agent hijacking tactics to compromise legitimate AI assistants and abuse stored payment credentials. They are also deploying large language models (LLMs) to create synthetic identity fraud in the form of “Frankenstein” accounts that easily bypass static defenses.The unchecked influx of AI bots: Driven by LLM development, AI training crawlers account for more than 70% of AI bot triggers in commerce. OpenAI, ByteDance, and Anthropic rank as the top three AI bots observed. Commerce organizations placed more than 90% of their AI bot activity in the “monitor” category but allowed three-quarters of the remaining activity to pass unrestricted, exposing themselves to underlying risks.API exposure and vulnerabilities: Web attacks targeting APIs rose by 9% year over year. In fact, Akamai’s 2026 API Security Impact Study revealed that 85% of commerce respondents experienced at least one API-related incident in the past year, yet only 22% know which of their APIs expose sensitive data.Layer 7 DDoS attacks escalate: Commerce was targeted by Layer 7 DDoS attacks nearly 3 trillion times in 2025, with the retail vertical bearing 84% of that volume. Attackers are using HTTP botnets to flood APIs during high-stakes holiday surges and exhaust app servers and halt sales.Industrialized phishing and malware pipelines: Between November 2025 and April 2026, malware represented 56.5% of observed endpoint threat activity, followed by phishing at 37.6%. Average daily phishing volume across commerce customers skyrocketed from 56,600 in February to 134,600 in April, serving as the primary raw material powering account takeover (ATO) and loyalty point theft.
Regional trends
Automated bot activity and web attacks varied by region:
North America and EMEA: These mature markets saw modest bot increases (7% and 16%, respectively) but significant holiday-driven web attacks, with North America leading AI bot activity with 33 billion counts.APAC and LATAM: Bot activity surged by 63% in APAC and 48% in LATAM. APAC’s fragmented travel market and loyalty programs made it a primary target for bot and Layer 7 DDoS attacks.
Mitigation strategies
To effectively counter these evolving threats, Securing the Agentic Storefront: Attacks on Commerce provides a strategic roadmap for CISOs. Recommendations include:
Map the revenue chain: Continuously discover and inventory the API estate to clear up critical visibility gaps regarding sensitive data exposure.Govern automation: Move away from binary “allow/block” models toward risk-based governance that categorizes bots by intent and business value.Minimize the blast radius: Implement microsegmentation to eliminate lateral movement. Although 92% of organizations use basic network segmentation, only 35% have progressed to true microsegmentation.Establish cooperative resilience: Integrate cybersecurity and fraud prevention teams to deploy real-time behavioral biometrics, risk-based multi-factor authentication, and automated kill switches to freeze compromised accounts instantly.
Now in their 12th year, Akamai SOTI Security reports continue to offer critical insights on cybersecurity trends and web performance, drawn from attacks viewed across Akamai’s cybersecurity protective infrastructure, which handles a significant portion of global web traffic.
About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at
Největší správce aktiv na světě BlackRock zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026. Objem spravovaných aktiv (AUM) překonal průměrný odhad analytiků a dosáhl rekordní hodnoty. Nad odhady byly rovněž výnosy i čistý příliv aktiv.
Výsledky společnosti BlackRock (BLK) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 7,08 6,82 5,42 Čistý zisk (mld. USD) 1,91 -- 1,59 Očištěný zisk na akcii (EPS, USD/akcie) 13,91 12,66 12,05 Výsledky za 2Q Objem spravovaných aktiv (AUM) dosáhl rekordních 15,34 bil. USD, meziročně vzrostl o 22 % a překonal odhad 15,19 bil. USD.
Čistý příliv aktiv, zdroj: Blackrock
Čisté přílivy aktiv dosáhly 191,70 mld. USD, výrazně nad odhadem 175,92 mld. USD a nad loňskými 67,74 mld. USD. Z toho dlouhodobé přílivy činily 199,13 mld. USD. Institucionální klienti přinesli čisté přílivy 2,34 mld. USD, retailoví klienti 18,86 mld. USD. Podle typu produktu směřovalo do akciových strategií 71,60 mld. USD a do dluhopisových strategií 92,10 mld. USD.
Výnosy meziročně vzrostly o 31 % na 7,08 mld. USD, nad odhadem 6,82 mld. USD. Základní poplatky a výnosy z půjčování cenných papírů dosáhly 5,73 mld. USD (+29 % meziročně), nad odhadem 5,6 mld. USD. Výkonnostní poplatky (performance fees) činily 305 mil. USD oproti loňským 94 mil. USD, nad odhadem 276,4 mil. USD. Výnosy z technologických služeb dosáhly 566 mil. USD (+13 % meziročně), nad odhadem 551,7 mil. USD.
Celkové náklady vzrostly o 25 % meziročně na 4,62 mld. USD, nad odhadem 4,49 mld. USD.
Provozní marže dosáhla 34,7 % oproti loňským 31,9 %, pod odhadem 35,5 %. Očištěná provozní marže činila 45,9 % oproti loňským 43,3 %, nad odhadem 44,7 %.
Komentář CEO Laurence Fink, předseda představenstva a generální ředitel BlackRocku, uvedl: „Fundamenty trhu jsou silné a dobře podpořené, s vyššími maržemi a momentem v ziskovosti, které katalyzují nové technologie. Rozsah a hloubka našich klientských vztahů globálně nikdy nebyly větší. Klienti se obracejí na BlackRock kvůli poznatkům a příležitostem. To pohání rekordní finanční výkonnost, přílivy 868 mld. USD za posledních dvanáct měsíců a 10% růst organických základních poplatků. Přílivy za prvních šest měsíců roku 2026 více než zdvojnásobily meziroční hodnotu, což posunulo AUM na rekordních 15,3 bil. USD.“
„Ve druhém čtvrtletí nám klienti svěřili 192 mld. USD čistých přílivů, což generovalo 8% organický růst základních poplatků – výrazně nad naším cílem. iShares překročily 6 bil. USD v AUM, což je zhruba dvojnásobek za tři roky. Naše čtvrtletní upravená provozní marže dosáhla 45,9 % – nejvyšší za téměř pět let. Čtvrtletní provozní zisk vzrostl přibližně o 40 % meziročně. A naše přesvědčení o dalším růstu BlackRocku nás vedlo ke zvýšení plánované úrovně zpětných odkupů akcií v roce 2026 na 2 mld. USD,“ dodal Fink.
Návrat kapitálu akcionářům Společnost v aktuálním kvartále odkoupila vlastní akcie v hodnotě 450 mil. USD. Zároveň oznámila zvýšení plánovaných čtvrtletních zpětných odkupů na 550 mil. USD.
Akcie BlackRock Akcie BlackRock (BLK) v předburzovní fázi obchodování rostou o 1,91 % na 1 045,00 USD.
Akcie Blackrock Inc (BLK) před výsledky uzavřely na 1025,44 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 167,7 P/E 23,0 Vývoj za letošní rok (%) -4,2 Očekávané P/E 18,9 52týdenní minimum (USD) 917,4 Prům. cílová cena (USD) 1269 52týdenní maximum (USD) 1219,94 Dividendový výnos (%) 2,1 Zdroj: BlackRock, Bloomberg
U SoFi Technologies bude při výsledcích za 2. čtvrtletí klíčový růst segmentu finančních služeb, který v 1. čtvrtletí meziročně vzrostl o 41 % na tržbách. Management čeká podobné tempo růstu za celý rok.
All eyes are on SoFi Technologies (SOFI +2.32%) as it gets ready to report second-quarter earnings. After three blowout years during which it gained roughly 468%, it's down more than 30% so far in 2026.
There are various reasons the market has been disappointed in the stock this year, including its high valuation, a damaging short-seller's report, and a decline in its Tech Platform segment. When it reports second-quarter results on July 29, though, the one thing to look for is the growth in the financial services segment.
Image source: Getty Images.
The financial services segment covers all non-lending products, excluding the Tech Platform, which is a business-to-business platform. These are products like savings accounts and investing tools, and the segment has been growing rapidly.
For a while, financial services' growth was outpacing the lending segment. For example, in the 2025 fourth quarter, financial services revenue increased 78% while lending revenue was up 19%.
Lending has bounced back recently (up 55% year over year in Q1), and at the same time, the financial services segment has decelerated. In the 2026 first quarter, financial services products increased 40% year over year, while financial services revenue was up 41%. Financial services, though, still account for most of the product growth; 89% in the first quarter.
Management is guiding for similar growth for financial services for the full year, although it didn't provide specific second-quarter guidance figures for its segments.
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One thing in SoFi's favor in the second quarter was the Space Exploration Technologies initial public offering (IPO). SoFi was one of five trading platforms that offered retail access to the IPO, and since the IPO was said to have been highly oversubscribed, that should show up in its results.
This is where SoFi's major growth opportunities are as it works to cross-sell products, and this is what investors should be looking at.
USA za šest desetiletí nashromáždily téměř 100 000 metrických tun použitého jaderného paliva. Oklo chce tento odpad využít ve svém reaktoru Aurora a později z něj vyrábět nové palivo.
Over the last six decades, the United States has accumulated nearly 100,000 metric tons of used nuclear fuel. Despite generating about one-fifth of the nation's electricity from nuclear power, the U.S. never established a permanent geological repository for spent commercial nuclear fuel.
This spent fuel could get a second chance if Oklo (OKLO +1.09%) has its way. That's because Oklo's nuclear reactors are designed to efficiently utilize spent nuclear fuel, creating an opportunity to get more from existing nuclear waste.
Here's what investors need to know about Oklo's long-term vision.
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How Oklo plans to get more from nuclear waste When it comes to nuclear energy, used nuclear fuel is not fully depleted or useless material. That's because conventional light-water reactors extract less than 5% of the total energy potential from enriched uranium before the assemblies stop generating power efficiently and are removed. While conventional reactors cannot use the spent fuel, the remaining material still contains large quantities of uranium and other elements that advanced reactor designs could utilize.
Oklo plans to use this spent fuel in its Aurora fast reactor, a compact, advanced reactor designed to operate on high-assay low-enriched uranium (HALEU) and recycled nuclear materials. This is possible because fast reactors can more efficiently utilize the heavier isotopes in spent nuclear fuel, enabling closed-loop fuel cycles.
Image source: The Motley Fool.
Oklo's initial powerhouses are expected to use fresh HALEU fuel, but in the longer term, the company aims to recycle portions of the country's accumulated used-fuel inventory into new reactor fuel. If it succeeds, it could expand domestic fuel supplies, reduce dependence on newly mined uranium, and lessen the burden of nuclear waste management by producing 90% less high-level waste than conventional reactors.
Oklo's use of recycled nuclear fuel could make it an innovator in the nuclear energy space, and it is investing nearly $1.7 billion to build a nuclear fuel recycling facility in Tennessee. Construction is expected to begin here in 2027, with the facility projected to begin producing recycled fuel by the 2030s.
What's next for Oklo? Oklo is making important progress with its nuclear reactor technology. The company's anchor project is the Aurora Powerhouse located at the Idaho National Laboratory. Here, the company will build a 75-MWe liquid-metal-cooled, metal-fueled reactor and aims to begin operations as soon as 2028.
It also has a major deal with Meta Platforms to build a 1.2-GW clean energy campus in Ohio. It has signed a Letter of Intent (LOI) with Centrus Energy to purchase HALEU fuel for this facility, which is slated to start delivering power in 2030, and the full campus is expected to be completed by 2034.
That said, it has a long road ahead and is vulnerable to regulatory setbacks. On top of that, it will incur significant expenses (it projects $350 million to $450 million in capital expenditures this year) before becoming commercially viable.
For those reasons, Oklo is a speculative stock best left to aggressive investors with a long-term perspective.
The Travelers Companies, Inc. (NYSE:TRV) will release its second quarter earnings report before the opening bell on Friday, July 17.
Analysts expect the New York-based company to report quarterly earnings of $5.33 per share, down from $6.51 per share in the year-ago period. The consensus estimate for Travelers’ quarterly revenue is $10.99 billion. It reported $10.92 billion last year, according to Benzinga Pro.
On April 16, Travelers Companies reported better-than-expected first-quarter results.
Travelers shares fell 1.4% to close at $336.83 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying TRV stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
TSMC čeká ve čtvrtek další rekordní zisk; analytici odhadují čistý zisk za 2. čtvrtletí +59 % na NT$632,6 miliardy. Investoři ale sledují hlavně výhled hospodaření a případné zpoždění platformy Vera Rubin od Nvidie.
TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher.
The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive quarterly record.
Revenue is already known: sales rose 36% to NT$1.27 trillion.
Yet TSMC’s US-listed shares have gained about 38% in 2026, leaving investors focused on third-quarter guidance and whether Nvidia’s next-generation Vera Rubin rollout remains on schedule.
TSMC’s second-quarter revenue narrowly exceeded the NT$1.264 trillion consensus compiled by LSEG, reinforcing the strength of demand for its most advanced manufacturing processes and chip-packaging services.
Any quarterly profit above NT$572.5 billion would set another company record.
The company previously forecast a gross margin of between 65.5% and 67.5%, alongside an operating margin of 56.5% to 58.5%.
Investors will examine whether stronger pricing and high factory utilisation allowed TSMC to reach the upper end of those ranges, particularly as overseas expansion costs continue to rise.
Dan Nystedt, a research analyst at investment firm TriOrient, told Reuters that the revenue performance showed AI demand remained healthy, supporting TSMC’s advanced-node production and chip-on-wafer-on-substrate, or CoWoS, packaging business.
Because TSMC has already disclosed its sales, Thursday’s share-price reaction will probably depend more heavily on profitability and management’s outlook.
Options markets imply that the US-listed stock could move roughly 5% in either direction by the end of the week. The shares closed Tuesday at $420.39.
TSMC manufactures Nvidia’s most advanced AI processors and provides the sophisticated packaging needed to combine GPUs with high-bandwidth memory.
That makes Nvidia’s annual product cadence an important driver of TSMC’s advanced-node utilisation and CoWoS demand.
KeyBanc analyst John Vinh recently flagged a slight delay to Nvidia’s Vera Rubin rollout, citing thermal heat-lid issues and delays involving HBM4 qualification.
The concern is not that demand has disappeared.
Rather, a later volume ramp could shift production and revenue between quarters at a time when investors expect AI growth to accelerate during the second half.
Vinh believes the financial impact should remain limited because Nvidia can compensate by shipping more B300 Blackwell systems.
He still expects Rubin shipments to begin ramping in July and forecasts deliveries of roughly 1.7 million to 1.8 million units during 2026.
KeyBanc retained an Overweight rating on Nvidia and raised its price target to $330 from $310.
Bank of America analyst Haas Liu said in a research note that supply-chain checks continued to indicate a strong AI demand pipeline.
He believes TSMC could raise its full-year revenue-growth outlook from the current forecast of more than 30%.
Capital expenditure will provide another important signal.
TSMC previously said its 2026 spending would reach the upper end of its $52 billion to $56 billion range.
Liu believes the company could lift that forecast to about $58 billion, reflecting tight equipment availability and capacity expansion across advanced logic, memory and packaging.
Nystedt, by contrast, expects management to retain the existing range.
A larger budget would signal confidence that demand from Nvidia, custom-chip designers and hyperscale cloud companies can remain strong.
Unchanged spending would not necessarily indicate weakness, although it could disappoint investors positioned for another upgrade.
IBM po zklamání z hospodářských výsledků klesl o 25,2 % na 217,07 USD, což byl rekordní jednodenní propad, protože zákazníci přesouvají peníze do datových center. Barclays vidí z tohoto posunu možné vítěze mezi výrobci firewallů, hlavně Palo Alto Networks, Fortinet a Check Point.
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure.
The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts.
Yet Barclays analyst Saket Kalia sees a potential winner on the other side of that spending shift: network-security companies selling firewalls.
As per TipRanks, his industry checks identified Palo Alto Networks, Fortinet and Check Point as potential beneficiaries.
Palo Alto Networks is one of the world’s largest firewall providers and gives customers a broad portfolio spanning network, cloud and security operations products.
Its position makes it an obvious beneficiary when companies prioritise cybersecurity spending over less urgent software projects.
The stock climbed 6.8% to $352.89 on Tuesday as IBM’s warning drew attention to the resilience of security budgets.
Kalia’s analysis suggested that demand for firewall hardware was benefiting from the same urgency pushing companies to secure servers and memory before costs rise further.
The difficulty is valuation. TipRanks’ comparison tool showed no analyst-implied upside for Palo Alto at Tuesday’s closing level.
Its average 12-month target was $333.31, below the market price, despite a Strong Buy consensus.
Fortinet supplied Kalia with the strongest numerical evidence that customers are already buying more security hardware.
Its first-quarter product revenue jumped 41% from a year earlier to $645 million, while total revenue rose 20% to $1.9 billion.
Kalia pointed to that product strength as evidence that the shift was appearing in firewall sales rather than remaining a theoretical opportunity.
The company specialises in FortiGate firewalls and builds many of its own security processors, allowing it to offer high-performance appliances at competitive prices.
That could be particularly attractive when customers need greater network capacity to protect expanding AI infrastructure.
Fortinet shares gained 3.9% to a record $166.83 on Tuesday. But, like Palo Alto, the rally has overtaken the broader analyst consensus.
TipRanks listed an average target of about $117, while Barclays’ own latest target was $155 and TD Cowen recently raised its target to $215.
Check Point was the most modest gainer of the three, rising 2% to $137.02, but it offered the clearest valuation case.
The platform showed a Moderate Buy consensus and an average target of $148.36, implying almost 9% upside from the price used in its analysis.
The target was based on 12 Buy and 18 Hold ratings, with no Sell recommendations.
Check Point has traditionally been viewed as a slower-growing but profitable cybersecurity company.
That positioning could become more attractive if the current spending shift favours established firewall vendors without supporting the premium valuations attached to faster-growing rivals.
Still, Kalia included an important warning. The boost “could be temporary,” because companies may simply be bringing purchases forward to avoid supply constraints and higher prices.
Once that wave passes, the sector could experience a digestion period similar to the slowdown that followed pandemic-era technology spending.
SpaceX požádala americkou FCC o povolení nasadit až 100 000 satelitů Starlink Gen3. To by výrazně rozšířilo síť, která má nyní na oběžné dráze něco přes 10 400 satelitů.
Space Exploration Technologies (SPCX 2.20%) has had a volatile first month as a publicly traded company. Its share price rose to as much as $225, but as of writing, it has sunk back near its $135 IPO price, currently trading just $1 above it. Opinions on SpaceX's prospects are divided. The bulls will argue that, given its large addressable market and leadership in core markets, including space travel and satellite-based internet services, the stock could produce outstanding returns over the long run.
The bears will point out that SpaceX remains unprofitable, and its financial results and outlook hardly justify a $1.8 trillion valuation. Time will tell who is right, but recent news from the company was a bit of a win for the bulls. Let's look into these recent developments and what they could mean for the stock.
Image source: The Motley Fool.
Starlink could become a bigger growth engine First, let's briefly review SpaceX's Starlink, which is currently its most profitable business. It offers high-speed internet through a network of Low Earth Orbit (LEO) satellites, with speeds ranging from 100 Mbps (megabits per second) to over 400 Mbps. This isn't the fastest speed, not by a long shot. Fiber internet is much faster, with some legacy providers offering speeds well above 1000 Mbps.
Some customers still opt for Starlink right now because they live in rural and other traditionally underserved areas. However, SpaceX wants Starlink to be more mainstream. The company recently filed a request with the U.S. Federal Communications Commission to deploy up to 100,000 of its new Gen3 Starlink satellites.
There are several things to note about this proposal. Let's focus on two. First, Starlink currently has a bit over 10,400 satellites in orbit -- so 100,000 would be a substantial increase. With far more satellites in space, Starlink's internet speeds could improve dramatically. Second, SpaceX wants to launch this constellation in very low Earth orbit, rather than the LEO satellites it currently operates.
This is another factor that would boost speed. SpaceX isn't shy about its ambitions here. The company is looking to build a network of satellites that could handle the majority of the world's internet traffic.
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SpaceX has some things to address first This is an ambitious proposal, but there are several problems. One is that, given how quickly SpaceX currently builds Starlink satellites, it will take a long time to manufacture 100,000 of them, let alone launch them into space. The company produced an average of 70 satellites per week at its Redmond, Washington facility between December 2025 and April 2026.
That's just 3,640 annually. At that pace, it will take over 27 years to make 100,000 of them. SpaceX will have to significantly expand its manufacturing capacity to reach its ambitious goals. Also, while SpaceX uses its partially reusable Falcon 9 rockets to launch its V2 Starlink satellites into space as of now -- with the rocket capable of carrying up to 29 per trip -- the Gen3 Starlink satellites are much bigger. That's another reason why SpaceX developed Starship, a next-gen, fully reusable rocket with a much bigger payload capacity.
Starship is still in the flight-test phase, but it is clearly central to SpaceX's future, including its space travel ambitions and its ability to substantially expand Starlink's reach.
Is the stock a buy? Improving and expanding its Starlink business could make SpaceX a much more profitable company in the long run, but it still needs regulatory approval for its constellation of 100,000 satellites. And then it will have to figure out the logistics of getting them into space in a reasonable time frame. These aren't insurmountable issues, but the company could encounter setbacks, launch delays, or other potential headwinds with its plans. Investors need to factor all that in.
Further, several other companies are working hard to compete with SpaceX's Starlink (and other business segments, for that matter). SpaceX might be the runaway leader right now -- no company has nearly as many satellites in orbit -- but that could change in the long run. So, although the bulls are right that SpaceX's opportunities are massive, there is plenty of risk as well, and my view is that the stock is a buy, but at a much lower price. That's why I'd wait for a steeper pullback before initiating a position.
Intel Foundry začala vyrábět část procesorů Intel Core Ultra Series 3 s technologií ASML High NA EUV na uzlu Intel 18A. Jde o první masově vyráběný logic produkt v oboru s High NA EUV.
High NA EUV reaches new readiness milestone with first high-volume Logic product
Intel Foundry has entered high-volume manufacturing for a subset of Intel® Core™ Ultra Series 3 processors, code-named Panther Lake, using ASML’s EXE High NA EUV technology Specific Intel 18A layers are now dual-qualified on High NA EUV in Oregon, with product shipping to customers at yields matched to the NXE platformIntel and ASML continue to closely collaborate on High NA EUV readiness with flexibility to incorporate into future nodes based on customer needs VELDHOVEN, the Netherlands, July 15, 2026 – ASML Holding N.V. (ASML) today reported that Intel Foundry is using ASML’s High NA EUV technology on the Intel 18A process node to produce a subset of its Intel® Core™ Ultra Series 3 processors. This milestone marks an important step in demonstrating High NA EUV readiness in a production environment.
ASML and Intel have worked closely for decades to advance lithography technology and support the continued scaling of semiconductors. The high numerical aperture extreme ultraviolet (High NA EUV) lithography process is an important next step in EUV lithography, developed by ASML to enable more precise patterning for advanced chip manufacturing.
The Intel® Core™ Ultra Series 3 processors, code-named Panther Lake, are built on Intel 18A. The use of High NA EUV to pattern specific layers of these products provides ASML and Intel Foundry with helpful data to further refine system setup, up time and manufacturing implementation. This paves the way towards broader adoption, utilizing the full capabilities of the technology.
“With increased resolution and better process control, the introduction of High NA EUV marks a substantial development in semiconductor lithography,” said Christophe Fouquet, ASML President and CEO. “We are proud to play a role in enabling the smaller, denser patterning that will accelerate advancements in AI and other emerging technologies.”
“This milestone reflects the close technical collaboration between Intel and ASML and shows how High NA EUV can be integrated into advanced semiconductor manufacturing at scale,” said Naga Chandrasekaran, Executive Vice President and General Manager of Intel Foundry. “By qualifying the High NA EUV process option on select Intel 18A product layers, our existing fleet of tools are providing customers with increased output, while we develop future options to achieve leading-edge performance, density and manufacturing flexibility on upcoming nodes.”
In 2024, Intel and ASML completed integration of the industry’s first commercial High NA EUV lithography system at the company’s Hillsboro, Oregon, R&D site. Intel Foundry was also the first company to install and pass acceptance testing of the second generation, TWINSCAN EXE:5200B, which builds on the TWINSCAN EXE:5000 and increases output and overlay accuracy, along with an improved light source. With this announcement, Intel Foundry is first in the industry to ship high-volume logic product using High NA EUV.
Media Relations contactsInvestor Relations contactsMonique Mols +31 6 5284 4418Jim Kavanagh +31 40 268 3938 Sarah de Crescenzo +1 925 899 8985Pete Convertito +1 203 919 1714 Karen Lo +886 9 397 88635Peter Cheang +886 3 659 6771 About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
Intel začal při výrobě části čipů Panther Lake pro notebooky používat špičkový stroj High-NA EUV od ASML. Cílem je lépe zvládnout tuto technologii a optimalizovat výrobu.
Computer motherboard and Intel chip appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SAN FRANCISCO, July 14 (Reuters) - Intel (INTC.O), opens new tab has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday, a move that will help the chipmaker learn to use the tool more effectively.
Following experiments that began in 2024, Intel has begun to use ASML's next-generation high numerical aperture (High NA) extreme ultraviolet (EUV) machines, which print circuit patterns on to microchips, to help produce a portion of its Panther Lake processors, ASML said.
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The industry has debated at what point it makes economic sense to begin deploying the High NA tools, which likely will be needed by chipmakers in the future as they continue to shrink the atomic-sized features that make up chips.
The High NA equipment costs around $400 million, or twice as much as the standard EUV machine. The tool is also technically challenging to introduce into production processes.
Intel is using the High NA tool for specific layers of the chip, which will help Intel and ASML collect data and optimize the equipment.
Intel declined to comment on the announcement.
The company uses its 18A manufacturing process to fabricate the Panther Lake chips and already uses ASML's standard EUV lithography machines to do so. Lithography is the process of using light to draw the complex patterns that make up the circuits on a chip.
Intel received the first High NA tool in 2024 at its Hillsboro, Oregon research and development site where the company develops its new manufacturing techniques and technologies.
Reporting by Max A. Cherney in San Francisco; Editing by Sonali Paul
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Max A. Cherney is a correspondent for Reuters based in San Francisco, where he reports on the semiconductor industry and artificial intelligence. He joined Reuters in 2023 and has previously worked for Barron’s magazine and its sister publication, MarketWatch. Cherney graduated from Trent University with a degree in history.
Podíl společnosti Xiaomi na trhu ve 2. čtvrtletí klesl na 11 %, zatímco Samsung a Apple posílily. Omdia varuje, že to může dál tlačit na růst tržeb i ziskovosti.
Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a few points below this month’s high of H$26.70.
A report released by Omdia showed that Xiaomi’s woes mounted in the second quarter, a situation that may lead to weaker revenue and profitability growth.
Xiaomi’s market share dropped to 11%, making it the third-biggest player in the industry after Samsung and Apple. Its share has been in a slow downward trend after peaking at about 15% in the second quarter of last year.
In contrast, Samsung became the biggest smartphone maker in the world with a share of 22%, while Apple has 20%. The report noted that the delayed launch of Samsung S26-series pushed some demand into the second quarter. Samsung also gained ground in the budget segment.
Apple’s sales were boosted by iPhone 17, which delivered the strongest iPhone refresh and upgrade cycle in the company’s history.
Xiaomi’s market share retreat happened as vendors in the sub-$400 mass market shifted strategy. Instead of prioritizing volumes, they are now focusing on adjusting retail prices and in their premium segments. Rujan Bjorvovde, the Principal Analyst at Omdia, said:
“Managing the surging component costs is incredibly complex and unpredictable, with some vendors facing memory costing more than four to five times what they did a year ago.”
Xiaomi’s business is struggling as the memory crisis intensifies, with memory and storage costs accounting for about 60% of the bill of materials for budget devices. Sadly, there is still no end in sight for this memory crisis, with Apple warning that it will hike prices for its next models.
The most recent earnings report showed that the company’s revenue and profits nosedived in the first quarter. Its revenue dropped to RMB 99.14 billion from RMB 111.29 billion in the same period last year. Smartphone revenue slipped by 10% to RMB79.3 billion.
On the positive side, the smartphone revenue decline was offset by a modest increase in its smart EV, AI, and New Initiatives segment. This segment’s revenue rose by 6.9% to RMB 19.9 billion, helped by more vehicle sales and offset by lower prices. It delivered 80,856 vehicles in Q1, up from 75,869 in the previous quarter.
Its profitability remained under pressure, with the profit for the period dropping to RMB 4.7 billion from the previous RMB 10.89 billion. These dynamics likely continued in the second quarter as its smartphone sales dropped.
Xiaomi stock chart | Source: TradingView
The weekly chart shows that the Xiaomi stock has been under pressure in the past few months as challenges in its business continued. It plunged from H$61.45 in June last year to the current H$25.82.
The stock has slumped below the 61.8% Fibonacci Retracement level, where most rebounds normally happen. It has remained below the 50 and 200 moving averages.
Therefore, the most likely forecast is bearish as traders wait for its next earnings report, which is expected in August. If this happens, there is a risk that it will drop and retest the support of H$21.35.
Stripe a Advent International nabídly za PayPal 60,50 USD za akcii, což firmu oceňuje na více než 53 miliard USD. Nabídka počítá s přibližně 50 miliardami USD zajištěného financování.
A smartphone with the Stripe logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc (PYPL.O), opens new tab for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.
The offer, submitted earlier this month, is backed by about $50 billion in committed financing from banks, the people said, and represents around a 28% premium to PayPal's closing share price on Tuesday.
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The people declined to be named as the deal discussions are confidential. Advent declined to comment, while PayPal and Stripe did not immediately respond to Reuters requests for comment.
The proposal follows an initial approach made in early April, the sources said. Stripe and Advent have not received a response from PayPal and are seeking to advance discussions in the coming weeks, the sources added.
Under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake, rather than breaking up the company, the people said. There is no certainty the approach will result in a transaction, they added.
Founded in the late 1990s, PayPal was an early player in digital payments, but has faced increasing competition as consumers have embraced alternative payment methods and rivals such as Apple Pay and Google Pay have gained market share.
It has spent the past several years grappling with slowing growth and intensifying competition in digital payments, wiping out much of the value it gained during the pandemic.
The company's market capitalization peaked at about $360 billion in 2021 and fell to as low as roughly $36 billion this year. It has lost more than 40% of its market value over the past 12 months.
After taking over in March, PayPal CEO Enrique Lores started a sweeping turnaround exercise to simplify the payments provider and sharpen its focus on growth.
In April, the company split its operations into three units covering checkout, consumer financial services Venmo, and payments and crypto, while making a series of management changes.
Reporting by Milana Vinn in New York; Editing by Echo Wang, Sumeet Chatterjee and Lincoln Feast
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.
Na Commvault Systems (CVLT) byla rozšířena hromadná žaloba kvůli údajným zkresleným informacím o konkurenci a maržích. Akcie po oznámení výsledků 27. ledna 2026 klesly o 40,23 USD, tedy zhruba 31 %, na 89,13 USD.
, /PRNewswire/ -- Hagens Berman (HBSS), a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive.
Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now.
Expanded Alleged Class Period: Jan. 28, 2025 – Jan. 26, 2026
Lead Plaintiff Deadline: July 17, 2026
Visit: www.hbsslaw.com/investor-fraud/cvlt
Contact the Firm Now: [email protected]
844-916-0895
View our latest video summary of the allegations: www.youtube.com/watch?v=MUMo4d2ZLkI
Expanded Scope of Allegations
The new suit, City of Fort Lauderdale Police and Firefighters' Retirement System v. Commvault Systems, Inc., et al., extends the start of the alleged fraud period from April 29, 2025, back to January 28, 2025. This expansion captures a broader range of investor activity and expands the claims brought against the company and its senior executives regarding their business disclosures.
Focus of CVLT Securities Class Action Litigation:
The litigation alleges that Defendants misrepresented and failed to disclose that:
Commvault's competitive positioning was materially weaker than Defendants had represented to investors; Due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses; As these concessions became unsustainable, SaaS became a larger portion of the Company's sales mix; The increasing mix of SaaS sales, which carry shorter term durations and lower ASPs, negatively impacted the Company's margin and NNARR; and As a result, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. The truth allegedly emerged before markets opened on January 27, 2026, when Commvault announced its third-quarter fiscal year 20261 financial results. Commvault disclosed NNARR in constant currency of $39 million, missing analysts' expectations of approximately $45 million. Chief Accounting Officer Danielle Abrahamsen ("CAO Abrahamsen") revealed that the mix of SaaS deals increased to "70%" during the quarter and highlighted that "landing these customers at a 2 to 3x smaller ASP than software . . . does have a significant impact on ARR."
On this news, the price of Commvault common stock fell $40.23 per share, or about 31%, to close at a price of $89.13 per share on January 27, 2026.
HBSS Investigation
"We continue to investigate whether Commvault misled investors about its operational performance and financial reporting during the alleged expanded class period, as the new complaint contends" said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the pending claims.
If you invested in Commvault and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now.
If you'd like more information and answers to frequently asked questions about the Commvault case and the firm's investigation, read more »
Whistleblowers: Persons with non-public information regarding Commvault should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Bank of America před výsledky Netflixu potvrdila doporučení Buy a cílovou cenu 125 USD, i když akcie letos klesly zhruba o 20 %. Investoři sledují hlavně trendy zapojení uživatelů a výhled na druhé pololetí.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) remains well positioned for long-term growth despite a roughly 20% decline in its shares this year, according to Bank of America, which reiterated its ‘Buy’ rating and $125 price objective ahead of the company's second quarter earnings report due on Thursday.
The bank wrote that the stock's year-to-date decline reflects investor concerns over engagement trends, the potential impact of artificial intelligence on content creation, and heightened competition following recent media mergers and acquisitions. However, it argued that Netflix has successfully navigated similar periods of skepticism in the past.
Bank of America highlighted that subscriber growth slowed significantly in 2022, contributing to a share price decline of more than 50%, before the company responded with initiatives such as paid sharing and its ad-supported tier, which helped accelerate growth again. The analysts also noted that investor concerns over margin expansion in late 2023 were followed by another year of strong operational execution.
The firm wrote that Netflix's management has "consistently demonstrated an ability to adapt to changing market conditions, execute effectively and create long-term shareholder value."
Looking ahead to Q2 results, Bank of America expects largely in-line financial results, with investor attention likely to center on the company's outlook for the second half of the year, engagement trends, and management's commentary on acquisition appetite and broader strategic priorities.
The analysts noted that sentiment toward the stock remains subdued following its recent decline and suggested that stronger-than-expected results and raised guidance could ease investor concerns. Conversely, signs of further slowing in the business could reinforce bearish views and pressure the stock's valuation.
Bank of America also outlined risks cited by bearish investors, including slowing engagement, increased competition from platforms such as YouTube and short-form video services, the potential impact of AI on content creation, and uncertainty surrounding a more active approach to acquisitions compared with Netflix's historical strategy.
Despite those concerns, the bank maintained that Netflix has a significant runway for subscriber and advertising growth, supported by its global scale, expanding advertising business, and strong balance sheet, which it believes will continue to support shareholder returns over time.
GE Aerospace čeká za 2. čtvrtletí růst tržeb o téměř 17 % na 11,86 miliardy USD a EPS o 12 % na 1,86 USD. Taiwan Semiconductor má podle odhadů dosáhnout EPS 3,87 USD a tržeb téměř 40 miliard USD.
As the second-quarter earnings season heats up, investors are looking for companies that combine durable long-term growth drivers with strong underlying fundamentals.
While quarterly reports can create short-term volatility, they also provide opportunities to build positions in high-quality businesses that have the potential to outperform over time.
Three stocks that stand out ahead of their upcoming Q2 reports on Thursday, July 16 are GE Aerospace (GE - Free Report) ), Taiwan Semiconductor (TSM - Free Report) ), and UnitedHealth Group (UNH - Free Report) ).
Each operates in an industry with attractive long-term demand trends, boasts market-leading positions, and has catalysts that could support further upside if quarterly results reinforce their investment theses.
GE Aerospace Continues to Benefit From Aviation RecoveryGE Aerospace has emerged as one of the market's premier industrial companies following its transformation into a pure-play aerospace business. The company continues to benefit from robust commercial air travel demand following the COVID-19 pandemic, rising aircraft utilization, and a growing backlog of engine service work.
Perhaps GE's greatest strength is its highly profitable aftermarket business. As airlines keep aircraft flying longer amid ongoing delivery constraints from Boeing (BA - Free Report) ) and Airbus (EADSY - Free Report) ), demand for maintenance, repair, and overhaul services continues to rise. Since servicing engines typically generates higher margins than selling new ones, this dynamic has helped drive steady earnings expansion.
Analysts expect another quarter of solid revenue and earnings growth as commercial aviation remains healthy despite lingering supply-chain challenges. GE’s Q2 revenue is expected to be up nearly 17% to $11.86 billion, with quarterly EPS projected to rise 12% to $1.86.
Taiwan Semiconductor Remains at the Center of the AI BoomFew companies are more important to the artificial intelligence investment story than Taiwan Semiconductor. As the world's largest contract chip manufacturer, TSM produces the advanced semiconductors powering AI accelerators designed by Nvidia (NVDA - Free Report) ), AMD (AMD - Free Report) ), Broadcom (AVGO - Free Report) ), and Apple (AAPL - Free Report) ).
Demand for advanced manufacturing capacity continues to outpace supply, allowing Taiwan Semiconductor to benefit from favorable pricing, exceptional capacity utilization, and expanding profit margins.
Adding confidence ahead of earnings, the company most recently reported record quarterly revenue and EPS during Q1 at $35.89 billion and $3.49 per share, respectively.
Wall Street expects new quarterly peaks, with consensus estimates calling for Q2 EPS of $3.87 on nearly $40 billion in revenue, reflecting continued AI-driven demand. Those expectations reflect nearly 57% EPS growth and 32% sales growth.
UnitedHealth is Staging an Impressive TurnaroundTrading near its 52-week high, UnitedHealth Group’s stock has been on an impressive rebound after facing increased regulatory scrutiny, higher-than-expected Medicare Advantage utilization, and uncertainty surrounding reimbursement trends.
With those headwinds starting to subside, investors are starting to re-recognize the company's industry-leading scale. Although Q2 sales are expected to dip 1% to $110.05 billion, quarterly EPS is expected to be up 18% to $4.84, reflecting the health giant’s more promising execution.
Of course, what has also kept investors engaged is that UNH offers a very respectable 2.16% annual dividend yield that equates to $9.28 per share quarterly.
Bottom LineQuarterly earnings often create volatility, but they can also present opportunities to accumulate shares of industry leaders with durable competitive advantages.
GE Aerospace and Taiwan Semiconductor are currently sporting a Zacks Rank #2 (Buy), with UnitedHealth Group stock boasting a Zacks Rank #1 (Strong Buy). Investors looking to strengthen their portfolios as the Q2 earnings season heats up may find these three blue-chip companies worthy of closer consideration.
Rivian po spuštění levnějšího R2 zvýšil celoroční výrobní výhled z 67 000 na 70 000 vozů. Přesto článek varuje, že plánované emise akcií až za 8 miliard USD do roku 2028 mohou zisky výrazně zředit.
Currently trading for around $18 per share, Rivian Automotive (RIVN +1.21%) has fallen by 82.5% since its 2021 initial public offering (IPO).
Most longtime Rivian investors remain underwater, but new investors could profit following the recent launch of the EV maker's lower-priced R2 line. That said, while the R2 may revive growth, it may not move the needle for the stock.
Image source: Getty Images.
How the R2 could get Rivian out of its slump When Rivian first went public, investors were willing to pay high premiums for would-be "Tesla killers" that could challenge the EV market leader. However, as results clashed with expectations, the prices of Rivian and other electric car stocks cratered.
Today's Change
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More recently, however, Rivian has held fairly steady amid the hype surrounding the launch of the R2 vehicle. Priced much lower than Rivian's initial R1S and R1T models, this new line could represent an inflection point. Recent results and outlook updates support this view.
Big potential, but there's a caveat Last quarter, Rivian reported 12,194 vehicle deliveries, well ahead of prior guidance. A big reason for this was June's launch of the R2 SUV, with a sticker price of $57,990.
In addition, management increased its full-year production guidance, raising the ceiling from 67,000 to 70,000 vehicles. In the years ahead, high growth could persist. Yet while forecasts call for growth to accelerate from 34.2% this year to 61.6% in 2027, they also call for annual losses of $2.61 and $2.28 per share, respectively.
Also, Rivian plans to fund expansion through dilutive share sales, aiming to raise up to $8 billion through 2028. Compared to Rivian's current $25 billion market cap, this level of dilution could really water down gains, even if profitability arrives sooner than expected. Hence, it may be a while before a surge in production growth leads to big gains for Rivian shares.
McKesson v posledním obchodním dni klesl o 1,1 % na 803,37 USD, zatímco S&P 500 vzrostl o 0,38 %. Trh čeká výsledky za 5. srpna 2026; odhad EPS činí 9,59 USD.
In the latest close session, McKesson (MCK - Free Report) was down 1.1% at $803.37. This move lagged the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Heading into today, shares of the prescription drug distributor had gained 4.17% over the past month, lagging the Medical sector's gain of 4.34% and outpacing the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of McKesson in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. In that report, analysts expect McKesson to post earnings of $9.59 per share. This would mark year-over-year growth of 16.1%. Alongside, our most recent consensus estimate is anticipating revenue of $104.39 billion, indicating a 6.7% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $44.28 per share and a revenue of $432.77 billion, demonstrating changes of +13.22% and +7.27%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for McKesson. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0% higher. Currently, McKesson is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, McKesson is holding a Forward P/E ratio of 18.34. This valuation marks a premium compared to its industry average Forward P/E of 17.08.
It's also important to note that MCK currently trades at a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MCK's industry had an average PEG ratio of 1.86 as of yesterday's close.
The Medical - Dental Supplies industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
