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, /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) ("Zions" or "the Bank") today reported net earnings applicable to common shareholders of $452 million, or $3.05 per diluted common share, for the second quarter of 2026. This compares with net earnings of $243 million, or $1.63 per diluted common share, in the second quarter of 2025, and $232 million, or $1.56 per diluted common share, in the first quarter of 2026.

Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "We're very pleased with the quarterly results, as earnings per share, excluding net equity investment gains, increased 10% to $1.74, compared to $1.58 in the same period a year ago. Net equity investment gains of $215 million on Visa Class B-1 shares and $37 million on SBIC investments added $1.12 and $0.19 per share, respectively, compared to net equity investment gains of $9 million, or $0.05 per share a year ago."

Mr. Simmons continued, "We're particularly pleased with the organic growth in customer-related noninterest income, which increased 11% over last year's period, with particularly strong growth from capital markets activities, and solid growth in a variety of other categories. While loan growth compared to last year's quarter was modest at 3%, annualized linked-quarter growth was strong at 8%. Deposits grew 4% from last year and were seasonally lower compared to the first quarter."

Mr. Simmons concluded, "We're also encouraged by strong growth in tangible book value per share, which increased 22% to $44.74 from $36.81, while our Common Equity Tier 1 capital ratio further strengthened to 11.8% from 11.0% a year ago. At the same time, we're proud of our ongoing solid credit results, with annualized net charge-offs of 0.06%."

For the complete second quarter 2026 earnings release, including detailed financial schedules, please visit www.zionsbancorporation.com.

Supplemental Presentation and Conference Call

Zions has posted a supplemental presentation to its website in advance of its discussion of second quarter financial results, scheduled for 5:30 p.m. ET on July 20, 2026. Media representatives, analysts, investors, and the general public are invited to participate by calling (877) 709-8150 (domestic and international) and entering the meeting number 13761560, or by joining the on-demand webcast. A link to the webcast will be available on the Company's website at www.zionsbancorporation.com. Following the event, the webcast will be archived and accessible for 30 days.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. The Bank operates principally through seven separately managed, geographically defined bank divisions, each operating under its own local brand and management, and serving customers primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Zions is a consistent recipient of national and state-level customer survey awards recognizing excellence in small- and middle-market banking. It is also a leader in public finance advisory services and Small Business Administration lending. Zions is included in both the S&P MidCap 400 and NASDAQ Financial 100 indices. Additional investor information, along with links to local banking brands, is available at www.zionsbancorporation.com.

Forward-Looking Information

The earnings release contains "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and assumptions regarding future events and outcomes. However, they are inherently subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performances, achievements, industry developments, or regulatory outcomes to differ materially from those expressed or implied. Forward-looking statements may include, among others:

Statements concerning the beliefs, plans, objectives, goals, targets, commitments, designs, guidelines, expectations, anticipations, and future financial condition, operating results, and performance of Zions Bancorporation, National Association, and its subsidiaries (collectively "Zions Bancorporation, N.A.," "the Bank," "we," "our," "us"); and Statements preceded or followed by, or that include, terminology such as "may," "might," "can," "continue," "could," "should," "would," "believe," "anticipate," "estimate," "forecast," "expect," "intend," "target," "commit," "design," "plan," "project," "will," or similar words and expressions, including their negative forms. Forward-looking statements are not guarantees and should not be relied upon as representing management's views as of any subsequent date. Actual results and outcomes may differ materially from those expressed or implied. Factors that could cause such differences include, but are not limited to:

The quality and composition of our loan and investment securities portfolios and the quality and composition of our deposits; Changes in general industry, political, and economic conditions, including increases in the national debt, elevated or persistent inflation, economic slowdowns or recessions, and other macroeconomic challenges; changes in interest rates or reference rates, which could negatively impact our revenues and expenses, the valuation and performance of our assets and liabilities, and the availability and cost of capital and liquidity; Political developments, including government shutdowns and other significant disruptions and changes in the funding, size, scope, and effectiveness of the government and its agencies and services; The effects of newly enacted and proposed regulations affecting us and the banking industry, as well as changes and uncertainties in the interpretation, enforcement, and applicability of laws and fiscal, monetary, regulatory, trade, and tax policies; Actions taken by governments, agencies, central banks, and similar organizations, including those that result in decreases in revenue, increases in regulatory bank fees, insurance assessments, and capital standards; and other regulatory requirements; Evolving trade policies and disputes, such as proposed and implemented tariffs and resulting market volatility and uncertainty, including the effects on supply chains, expenses, and revenues for both us and our customers; Judicial, regulatory, and administrative inquiries, investigations, examinations or proceedings and the outcomes thereof that create uncertainty for, or are adverse to, us or the banking industry; Changes in our credit ratings; The growing presence of credit unions, financial technology companies ("fintechs"), and other emerging competitors within the financial services industry, including in the markets in which we operate; Our ability to innovate and address competitive pressures and other factors that may affect aspects of our business, such as pricing, the relevance of and demand for our products and services, and our ability to recruit and retain talent; The potential for both positive and disruptive impacts of emerging technologies, including stablecoins and other digital currencies, tokenized deposits, blockchain, artificial intelligence ("AI"), quantum computing, and related innovations affecting both us and the banking industry; Our ability to complete projects and initiatives and execute our strategic plans, manage our risks, control compensation and other expenses, and achieve our business objectives; Our ability to develop and maintain technology and information security systems, along with effective controls designed to guard against fraud, cybersecurity, and privacy risks and related incidents, particularly given the accelerating pace at which threat actors are developing and deploying increasingly sophisticated and targeted tactics against the financial services industry; The occurrence of fraud, theft, or other forms of misconduct perpetrated by external parties, including customers and business partners, or by our own employees; Our ability to provide adequate oversight of our suppliers to help us prevent or mitigate effects upon us and our customers of inadequate performance, systems failures, or cyber and other incidents by, or affecting, third parties upon whom we rely for the delivery of various products and services; The effects of wars, geopolitical conflicts, and other local, national, or international disasters, crises, or conflicts that may occur in the future; Natural disasters, pandemics, wildfires, catastrophic events, and other emergencies and incidents, and their impact on our operations, our customers' business, and the communities we serve, including the increasing difficulty and expense of obtaining property, auto, business, and other insurance products; Diverging and evolving policy, legal, regulatory, and political developments—combined with differing stakeholder perspectives related to governance, environmental, and social matters—may subject us to potentially conflicting requirements and expectations; Securities and capital markets behavior, including volatility and changes in market liquidity and our ability to raise capital; The possibility that our recorded goodwill could become impaired, which may have an adverse impact on our earnings and shareholders' equity; The impact of bank closures or adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; Adverse news and other expressions of negative public opinion—whether directed at us, other financial institutions, the banking industry, or the broader market—that may adversely affect our reputation and the industry more broadly; and Other assumptions, risks, or uncertainties described in this earnings release, and in our filings with the SEC. We caution against placing undue reliance on forward-looking statements, as they reflect our views only as of the date they are issued. Except as required by law, we expressly disclaim any obligation to update any factors or publicly announce revisions to forward-looking statements to reflect future events or developments.

SOURCE Zions Bancorporation

Every time the internet has taken on a new kind of participant, it has exposed a payment rail that wasn't built for it. Card networks were built for a person standing at a register. They were stretched to cover a browser tab, and it worked, barely, with fraud tooling and checkout friction bolted on for decades. Agentic AI is the next participant, and it is not a person with a browser tab. It is software that can decide, in milliseconds, to call a hundred different paid services on someone's behalf, evaluate what came back, and call a hundred more. Nothing about the existing rails was built to carry that. The question worth asking isn't just whether agents can pay at all – x402 already answers that – it's which underlying chain should the payment settle on, because at agent scale, that choice stops being a footnote and starts being the constraint.

What agent-scale volume demands A human making an online purchase generates one transaction and can tolerate a few seconds of uncertainty while it clears. An agent completing one task might generate dozens of transactions, a pricing lookup, a verification check, a compute call, a follow-up, each individually worth a fraction of a cent, each needing to clear before the agent's next decision depends on it. That shift changes what “good enough” looks like for a settlement layer. Three properties stop being nice-to-haves and start being requirements: 

Finality must be immediate and certain, not probable. Cost must stay negligible and predictable at extremely high transaction counts, not just cheap on a good day. And settlement must be independently verifiable, since the party on the other end of an agent-to-agent transaction usually isn't a human who can just call and ask what happened.
Finality: certain, not eventually certain Most blockchains give you a transaction that's provisionally included and then becomes more final as more blocks are added on top of it, which is a reasonable trade-off for a lot of use cases, but it introduces a window where an outcome is probable rather than guaranteed. For an agent economy, that window is a real problem. If an endpoint has to wait for several confirmations before it can be sure a payment is settled, it either releases the paid resource on faith or adds latency back into a system whose whole value proposition was removing latency.

Algorand's Pure Proof-of-Stake consensus produces blocks that are final the moment they're certified, roughly every 2.8 seconds, with no probabilistic settling period and no reorganization risk once a block is confirmed. A transaction is either in a certified block, or it doesn't exist. That's a meaningfully different guarantee than “final after enough confirmations have piled up,” and it's the difference an x402 facilitator needs: an endpoint can release its resource the moment settlement is certified, not the moment it's statistically unlikely to be reversed.

Cost that stays predictable at volume Cheap is easy to claim. Cheap and predictable under load is harder, and it's the property that matters once you're running millions of sub-cent transactions instead of thousands of dollar-sized ones. Many chains price transactions through an auction, gas fees that rise and fall with network demand, which is a fine model when a transaction is worth ten dollars and a fee spike costs you fifty cents. It's a broken model when the transaction itself is worth two cents and the fee occasionally exceeds the payment. Atomic, honestly priced micropayments only work if the cost of moving the money doesn't compete with the price of the thing being sold.

Algorand's fee model is flat rather than auction-based; a fixed fraction of a cent per transaction, with a network built to handle up to 10,000 transactions per second. That combination of fixed cost and high throughput headroom is what lets a builder price a reminder at two cents and a booking at five cents and actually keep the difference, instead of watching network conditions eat the margin on the smallest, most frequent actions, which are exactly the actions an agent economy runs the most of.

Settlement that doesn't require trusting a middle layer The third requirement is easy to overlook because humans rarely need it: when something goes wrong, or when an audit needs to happen, or when a dispute needs resolving, someone needs to be able to independently verify what actually settled, without taking a sequencer's word for it or waiting on a rollup's fraud-proof window to close. Algorand's consensus produces a single, publicly verifiable ledger with deterministic finality by design, not a fast “soft” confirmation followed by a slower “real” one settling elsewhere later. For an agent economy that's going to need real accounting, which endpoint got paid, how much, for what, at what time, that distinction between one settlement and two staggered ones is not academic. It's the difference between a ledger you can point an auditor at and a ledger you have to explain.

What this means for what you build None of the properties above matter in the abstract, they matter because of what they let a developer ship. If finality is instant and fees stay flat and negligible at volume, the right unit to build is not an application, it's an endpoint: one narrow, honestly priced capability that an agent can call, evaluate, and pay for in a single exchange. Four patterns cover most of what's worth building.

Charge for data: sell access to a dataset, a report, a market signal, or a verification result, one request at a time. Charge for compute: let an agent pay only when it runs a model, executes code, or completes an inference call. Charge for actions: let an agent pay to trigger something real, sending a message, booking a resource, generating a file. Charge for verification: sell trust itself, proof, a reputation check, a validation an agent should run before it acts on someone's behalf.
What ties all four together is that they're cheap, frequent, and only worth building if the settlement layer underneath doesn't eat the margin or introduce a delay the agent must wait out. That's the specific reason the finality and fee properties described above aren't a side benefit, they're what makes the endpoint pattern viable at all.

But an endpoint by itself rarely solves anything. A pricing lookup is a fact, not an answer. A single inference call is a capability, not a decision. Real utility, the kind someone actually keeps paying for, almost always comes from orchestration: taking several narrow, atomic endpoints, sometimes several you built yourself, sometimes several built by entirely different teams, and combining them into a response to a question a person or another agent actually had. The endpoint is the unit worth building. The solution is what you get when several of them work together toward a problem someone needs solved.

Poe, Quora's consolidated interface for chatting with several AI models through one product, is a useful case to look at here. This is not because anything about it is done wrong, but because its own published policies show clearly what a team has to build when the models it is bringing together don't have a native way to charge per use and settle right away. That infrastructure is a reasonable, well-built answer to a real constraint, and it is worth going through in some detail because of how differently the same product can look once that constraint is no longer there.

To let users move between models in one place, Poe has users prepay into a points balance, spread across fixed subscription tiers. Poe's own help center says unused points do not carry over between billing periods unless a plan says otherwise, and that points bought ahead of time expire one year after purchase (Poe Purchases FAQs). On the creator side, developers who build bots on the platform are paid on a periodic cycle rather than right away: Poe's Creator Monetization FAQ says earnings become payable once they reach ten dollars, with payment sent thirty to forty-five days after the end of the month they were earned in, routed through Stripe (Poe Creator Monetization FAQs). Building and keeping up that accounting, the points ledger, the subscription tiers, the payout calendar, is a fairly big piece of infrastructure sitting next to the actual product, and it is what any team has to build today when there is no settlement layer underneath that can charge and pay out per use, instantly.

Now picture the same kind of product built the other way around: as an orchestration layer sitting on top of several atomic x402 endpoints, each one a separate model, priced and settled on its own. A client asks one question. The orchestration layer decides which endpoints that question actually needs, calls each of them, pays each one the moment it answers, and puts together what comes back into a single response. This version works out better for everyone involved, not only for the team building it: the aggregator does not need to build or maintain its own financial system on the side, the model providers behind each endpoint get paid the moment their work is used instead of waiting on a monthly cycle and a minimum threshold, and the end user never carries a prepaid balance that can sit there unused or quietly expire. None of that flow needs a points system or a payout calendar, because every leg of it settles by itself, in seconds, at a cost too small to matter. The product is the judgment applied in the middle, not the settlement machinery underneath it, and that is only possible because the settlement layer underneath can be trusted to just work, every time.

Now picture the same kind of product built the other way: as an orchestration layer sitting on top of several atomic x402 endpoints, each one a distinct model, priced and settled on its own. A client asks one question. The orchestration layer decides which endpoints the question needs, calls each one, pays each one individually the moment it responds, and assembles what comes back into a single answer. Nothing about that flow requires a points balance, a subscription tier, or a monthly payout run, because every leg of it settles on its own, in seconds, at a cost too small to matter. The product is the judgment applied in the middle, not the settlement machinery underneath it, and that's only possible because the settlement layer underneath can be trusted to just work.

This is the argument for building endpoints on Algorand: not that a single endpoint is valuable in isolation, but that instant, cheap, verifiable settlement is what makes it worthwhile to build several of them and let something else orchestrate them into a real solution. That's the concrete version of the abstract argument above: the difference between a builder having to construct financial infrastructure from scratch and a builder being able to skip that step entirely and just build the product.

Where this is already running This isn't a hypothetical fit. Algorand added full x402 support on Mainnet in February 2026, with ecosystem startup GoPlausible operating a facilitator that verifies and settles payments natively on the Algorand Virtual Machine. Every one of the properties above, instant finality, flat low fees, single-ledger verifiability, is already what's carrying those settlements today, not a roadmap item.

It's also worth being honest about where the broader x402 ecosystem stands; daily transaction volume across the whole protocol, on every chain, is still small relative to the attention agentic commerce is getting, and a meaningful share of it is still test traffic and early experimentation rather than mature, sustained demand. That's not a weakness in the thesis; it's exactly why the base layer choice matters more right now than it will later. The rails get chosen while the volume is still forming, not after. Builders shipping x402-powered endpoints today, including through the Global x402 Challenge, are making that choice in real time, and the properties that matter at agent scale, certain finality, predictable cost, verifiable settlement, are the ones worth building on.

Disclaimer: The content provided in this blog is for informational purposes only. The information is provided by the Algorand Foundation and while we strive to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. The content of this blog is not intended to be legal, financial, or investment advice nor is it an endorsement, guarantee, or investment recommendation. You should not take any action before conducting your own research or consulting with a qualified professional. Any reliance you place on such information is therefore strictly at your own risk. All companies are independent entities solely responsible for their operations, marketing, and compliance with applicable laws and regulations. In no event will Algorand Foundation nor any affiliates be liable for any loss or damage including without limitation, indirect, or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog. Through this blog, you may be able to link to other websites which are not under the control of the Algorand Foundation. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not imply a recommendation nor endorse the views expressed therein. Any statements about future plans, integrations, or protocol upgrades are forward-looking and subject to change.

An updated edition of the May 29, 2026, article.

Founders often exert a lasting influence on the companies they establish, shaping their strategic direction, culture and long-term goals. Driven by conviction and personal commitment, founder-leaders are typically more willing to accept calculated risks, navigate uncertainty and pursue unconventional opportunities that professional managers may overlook. Their organizations often embody their values and vision, creating a distinctive identity that can support durable growth. Currently, about 11% of large-cap U.S. companies are founder-led.

Despite representing less than 5% of the S&P 500, founder-led businesses exert considerable influence on the global economy. Visionary leaders such as Elon Musk, Warren Buffett, Steve Jobs, Jeff Bezos, Mark Zuckerberg and Bill Gates have reshaped industries and built some of the world’s most valuable enterprises. Companies such as NVIDIA (NVDA - Free Report) , Amazon (AMZN - Free Report) , Meta Platforms, Tesla, Berkshire Hathaway (BRK.B - Free Report) , Alphabet and Netflix illustrate the enduring strength of founder-driven leadership. Together, these businesses account for nearly 15% of the S&P 500’s market capitalization, with technology firms dominating the group.

Many founder-led companies originate from innovative ideas centered on technological progress and long-term market relevance. During their early stages, founders often confront investor skepticism and depend on personal savings or bootstrapping before securing external funding. Even after their businesses expand, many retain substantial ownership stakes, keeping their interests closely aligned with those of shareholders.

However, founder-led companies also carry risks. Founders may be reluctant to delegate authority and often take on multiple responsibilities to maintain control over their vision. While this hands-on leadership can preserve strategic consistency, it may constrain scalability and limit access to specialized expertise. Nevertheless, research suggests that founder-led businesses often outperform their peers. According to The Motley Fool report, publicly traded companies still managed by their founders delivered average annual returns of 25% over the past decade, compared with 14% for the S&P 500.

Our Founder-Run Companies Screen makes it easy to identify high-potential stocks. Currently, stocks like NVIDIA, Amazon, Berkshire Hathaway, Palantir Technologies (PLTR - Free Report) and Dell Technologies (DELL - Free Report) look appealing.

Ready to uncover more transformative thematic investment ideas? Explore 39 cutting-edge investment themes with Zacks Thematic Screens and discover your next big opportunity.

5 Founder-Run Companies to Add to Your PortfolioNVIDIA, with a market capitalization of approximately $5 trillion, is a global leader in visual computing and the pioneer of the graphics processing unit (GPU). NVIDIA, once best known for its dominance in PC graphics, has successfully expanded into artificial intelligence-driven technologies powering high-performance computing, gaming, and immersive virtual environments.

CEO Jensen Huang emphasizes that accelerated computing and generative AI are reshaping not only the tech sector but industries across the globe. The company has leveraged this transformation to build multiple billion-dollar businesses in areas such as gaming, healthcare, automotive and robotics. Its Hopper 200 architecture, along with the forthcoming Blackwell GPU platform, is specifically designed to support the demanding workloads of large language models, recommendation systems, and other generative AI applications.

A key driver of NVIDIA’s growth is its data center segment. As enterprises increasingly adopt cloud-based infrastructure, demand for data centers continues to surge worldwide. Major cloud providers like Amazon, Microsoft, and Alphabet are rapidly expanding their capacity, fueling strong and sustained demand for NVIDIA’s cutting-edge GPU technologies.

NVDA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Amazon, with a market capitalization of approximately $2.3 trillion, is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. Its online retail business revolves around the Prime program, well-supported by the company's massive distribution network. Jeff Bezos, the founder, serves as the executive chairman.

Continued investments in AI, logistics automation and cloud infrastructure position Amazon to capitalize on secular growth across industries. Its vast ecosystem strengthens customer retention and network effects, creating significant competitive barriers.

Expansion into emerging international markets offers additional e-commerce growth opportunities, while diversification across AWS, advertising and streaming broadens revenue sources and reduces dependence on retail. Improving operating efficiency and a growing contribution from higher-margin businesses should support margin expansion, earnings growth and attractive long-term shareholder returns. It carries a Zacks Rank #2.

Berkshire Hathaway, with a market capitalization of $1.1 trillion, is one of the largest property and casualty insurance companies with diverse business activities. Warren Buffett, after stepping down as CEO, still serves as the chairman of this conglomerate. Greg Abel is the CEO presently.

The company’s insurance operations serve as the cornerstone of its business model and remain a key growth engine. Continued insurance business growth fuels an increase in float, which effectively serves as an interest-free source of capital that can be invested elsewhere.

Beyond insurance, Berkshire’s diverse portfolio generates steady cash flows and supports resilience against sector-specific volatility. The company adheres to a disciplined, value-oriented investment philosophy focused on acquiring undervalued assets with durable long-term potential.  The company has increased investments in Japanese trading houses, reduced stakes in select payment companies and expanded its airline-related investments. Its planned $6.8 billion acquisition of Taylor Morrison Home Corp. further underscores confidence in the long-term growth potential of the U.S. housing market.

This Zacks Rank #2 company has also been actively reshaping its equity portfolio, emphasizing management’s focus on stable, cash-generating assets that support future share buybacks and reinvestment.

Palantir Technologies, currently valued at roughly $318.6 billion, develops advanced software platforms for intelligence, defense, and enterprise operations. Founded in 2003 by Alex Karp, Peter Thiel, Stephen Cohen and Joe Lonsdale, the company has become a key technology partner for the U.S. intelligence and defense communities. Karp currently serves as executive chairman.

Palantir’s AI strategy is built around its core platforms, Foundry and Gotham, which support mission-critical operations and advanced analytics. Unlike many AI competitors still operating in pilot phases, Palantir has focused on delivering scalable, production-ready solutions. Its emphasis on practical AI deployment—including autonomous agents and integrated operational systems—has helped establish a strong competitive edge in both government and commercial markets.

The company has also strengthened its standing through close alignment with U.S. defense priorities, reinforcing its reputation as a trusted national security partner. Its modular sales model allows customers to adopt individual platform components before committing fully, reducing implementation barriers and supporting growth in the U.S. commercial sector. Additionally, this Zacks Rank #2 company promotes enterprise AI adoption through AIP boot camps that provide hands-on demonstrations and training for prospective clients. For 2026, Palantir projects revenues between $7.65 billion and $7.66 billion.

Dell Technologies, with a market capitalization of approximately $249.5 billion, is a global leader in servers, storage systems, and personal computers. Founded by Michael Dell, the company is well-positioned to benefit from renewed demand tied to the ongoing PC refresh cycle.

Dell serves enterprise customers across on-premise, cloud, and edge environments with a broad portfolio of infrastructure solutions. Its advanced storage offerings, including PowerProtect Data Domain and PowerScale, incorporate AI-driven ransomware detection capabilities that enhance cybersecurity and operational resilience. The company has also emerged as a major supplier of AI-optimized servers and data center infrastructure, supported by rising enterprise demand for AI training and inference workloads.

This Zacks Rank #1 company continues to benefit from accelerating digital transformation and increasing adoption of generative AI technologies. Its expanding lineup of AI-focused servers, combined with strategic partnerships with NVIDIA and AMD, further strengthens its position in the AI infrastructure market. Strong cash generation and disciplined capital allocation also reflect the company’s healthy financial profile.

Management raised fiscal 2027 revenue guidance to $165-$169 billion and lifted expected AI server revenues to about $60 billion.

Project will not impact I&M's plans to reduce rates for customers

, /PRNewswire/ -- Indiana Michigan Power (I&M) is taking the next step to ensure its customers have reliable power for decades to come, while positioning Rockport, Indiana, for long-term economic success. I&M has requested approval from the Indiana Utility Regulatory Commission (IURC) to build a 1,520 megawatt (MW) natural gas combined cycle generation facility at its Rockport site, to increase its generation capacity and meet the projected energy demand across Indiana. 

The project does not impact I&M's plans to reduce rates for customers. The investment is already contemplated within I&M's upcoming rate reduction filing and non-fuel rate freeze, reflecting a commitment to meeting future energy needs while maintaining a disciplined approach to customer costs. 

Power demand in I&M's Indiana service area is expected to more than double by the early 2030s, and Rockport's history and location uniquely position it to play a vital role in answering the call. The Rockport energy site has been powering homes and businesses and providing high-quality skilled jobs for more than 40 years. It offers existing infrastructure, available space and a skilled workforce, along with opportunities for multiple sources of generation.

As the Rockport coal units prepare to retire and the site evolves for other forms of generation, I&M is focused on creating opportunities for current employees and future generations of employees from the Rockport community.

"The new combined cycle facility will deliver dependable baseload energy, allowing us to serve our existing and future customers efficiently and provide electricity at an affordable cost," said Maryam S. Brown, I&M president and chief operating officer.

"We are pleased that I&M is seeking to build and locate new forms of generation at the Rockport site in the years ahead," said the members of the Spencer County Board of Commissioners. "Through the years I&M has been a tremendous community partner, and we are excited about our continued collaboration and the benefits we will see for many more decades to come. We are excited that Spencer County is taking the lead in the future growth of our State as I&M takes this important step towards its future energy vision and the benefits it provides our community."

The new 1,520 MW facility, known as the Rockport Energy Center, is one of the largest utility construction undertakings in Indiana, expected to bring roughly 1,200 construction jobs and 30 to 40 ongoing operational roles. The facility is expected to reduce reliance on market purchases, limiting exposure to price volatility and supporting long-term cost stability for the company and customers. 

I&M's filing for a certificate of public convenience and necessity (CPCN) for the Rockport Energy Center details the anticipated construction timeline, allocation of construction and operational costs, regional transmission capacity and environmental factors, among other project components.

I&M anticipates a decision from the IURC on the Rockport Energy Center CPCN in early 2027. Under this timeline, construction for the project would begin in 2027, and the plant is expected to be operational in the summer of 2030.

Developing the Rockport Energy Center is part of a broader, disciplined generation strategy, as articulated in I&M's Future Ready plan, which details the resources needed to provide customers with dependable energy and maintain a variety of energy resources.

Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its approximately 2,000 employees serve more than 600,000 customers. More than 85% of its energy delivered in 2024 was emission-free. I&M has at its availability various sources of generation including 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, more than 22 MW of hydro generation in both states and approximately 35 MW of large-scale solar generation in both states. The company's generation portfolio also includes 1,497 MW of coal-fueled generation.

American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.

SOURCE Indiana Michigan Power

TULSA, OK / ACCESS Newswire / July 20, 2026 / BOK Financial Corporation (NASDAQ:BOKF) today reported operating results for the second quarter ended June 30, 2026. The earnings release can be viewed here: https://investor.bokf.com/Q2-2026-Earnings-Full-Release-PDF.

BOK Financial Corporation will host a conference call to review second quarter 2026 financial results at noon central time on Tuesday, July 21, 2026. To access the event by telephone, please dial 1.800.715.9871 toll free, or 1.646.307.1963, conference ID: 6617678.

For those unable to join the live presentation, a webcast replay will be available shortly after the live call's conclusion on the company's investor relations website or by dialing 1.800.770.2030 and referencing replay PIN 6617678. A replay of the webcast will also be available for 90 days on the company's investor relations website: https://investor.bokf.com/corporate-profile/default.aspx.

About BOK Financial Corporation

BOK Financial Corporation is a $53 billion regional financial services company headquartered in Tulsa, Oklahoma with $129 billion in assets under management or administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee, and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

Contact:

Heather King
Director of Investor Relations
214.676.4666

SOURCE: BOK Financial

VettaFi’s Midyear Market Outlook symposium Thursday saw industry leaders take on the big questions. Where is the market going? How should investors and advisors navigate uncertainty and potential volatility? Leaders from Fidelity Investments and Invesco both joined for one of the early segments, focused on innovative U.S. strategies.

Key Takeaways: Fidelity Investments and Invesco leaders joined VettaFi’s Midyear Outlook symposium to discuss what the rest of the year holds. Fidelity’s Treacy and Invesco’s Schroeder discussed the continued geopolitical and concentration risk as issues to watch. Both provided some examples of funds that could help address just that. The segment, hosted by VettaFi Head of Research Todd Rosenbluth, included thoughts from Fidelity Investments Institutional Portfolio Manager Benjamin Treacy, CFA, and Invesco Director, Factor and QQQ Equity Product Strategy Paul Schroeder. The duo spoke to Rosenbluth about a myriad of topics looming over the second half.

Prompted by Rosenbluth, both spoke to what caught their eye to start the year. For Treacy, the resilience of markets despite geopolitical and inflationary headwinds stood out. The rise of small-caps despite those headwinds, too, piqued his interest.

“The rise in small-caps versus large-caps, we haven’t seen that in quite a while, but over the last year, small-caps have been quite strong,” Treacy said. “We’ve seen an improvement in the earnings picture there, which I think has helped drive some of that outperformance versus large.”

Schroeder, meanwhile, spoke to the VIX as a measure of the volatility from those headwinds. While markets have done well, he said, the underlying risk tension has stood out to him.

“So even though we’ve seen strong index performance at the top, there’s been a lot of churning and shifts in leadership underneath that have really provided for a lot of exciting conversations,” Schroeder said.

See more: This Elevated International ETF Looks Compelling Right Now Both firm leaders pointed to small- and mid-cap stocks picking up steam. Treacy emphasized the growth in conversations on that space of late than 12 months prior. Schroeder, meanwhile, grounded that interest amid a contrast between the Magnificent Seven — down almost 5% on the year — and the overall U.S. market. Measured by the S&P 500, for example, the market is up 8%, he said. That tipped Schroeder to underscore his firm’s equal weight fund.

Treacy, meanwhile, spoke to Fidelity Investments’ fundamental suite of ETFs. That suite, which has grown with new international offerings in recent years, offers actively managed ETFs “that look to beat our benchmarks by actively selecting securities,” he said. Treacy spoke to funds like the Fidelity Fundamental Large Cap Core ETF (FFLC).

“They are multi-manager ETFs,” he said. “So each one of these is being managed and we’re selecting stocks based on the insights and conviction levels that we get from our fundamental portfolio managers here at Fidelity.”

He spoke to, for another example, the Fidelity Investments Fundamental Small-Mid ETF (FFSM). FFSM charges a 43 basis point (bps) fee to offer exposure to that space that Treacy highlighted.

“It’s not just small, it’s not just mid, it’s small and mid,” he said. “So it allows us to buy companies…across a very wide swath of the market, right?”

“This portfolio leverages the insights of 12 different portfolio managers at Fidelity that run small- and mid-cap portfolios,” he added. “We have an expert in midcap growth stocks, so we leverage their conviction as well as mid-cap value and small-cap growth and small-cap value.”

See more: How Active Investing Can Get More From Growth Stocks This Year The Fidelity Fundamental Large Cap Growth ETF (FFLG), meanwhile, also offers an active approach. That helps the fund diverge from the benchmark where needed — helping adapt to changes with, for example, the Magnificent Seven.

“So take the Mag Seven… We have actually been  little bit underweight the Mag Seven as a group, , but that’s not to say we don’t own any of them,” he said. “We pick and choose and we own where we think we have the strongest conviction… And we think the fundamentals are the strongest in the portfolio.”

FFLG charges 38 bps and has returned 29.6% over the last 12 months. FFSM, meanwhile, has returned 39.9% in the same time.

Looking ahead, both firm leaders made the case for strategies that can add a bit more differentiation. By leaning on fundamentals, those strategies can help portfolios handle those churning risks under the hood.

“I think as an active manager, so forgive me for being a little bit biased, but we are very much believers in the strength of active management,” Treacy said. “I think just what the indexes are doing or have done isn’t the whole story. And to be able to have disciplined active management approaches in these areas like we do, I think is important to think about.”

For more news, information, and strategy, visit the ETF Investing Content Hub.

Fidelity Investments® is an independent company unaffiliated with VettaFi LLC (“VettaFi”). These articles do not form any kind of legal partnership, agency affiliation, or similar relationship between VettaFi and Fidelity Investments, nor is such a relationship created or implied by the articles herein. VettaFi LLC is the author and owner of these articles.

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The Zacks Medical – Products industry is navigating an uneven operating environment where macroeconomic headwinds are colliding with strong structural healthcare demand. Rising tariffs, persistent inflation in electronic components, freight and raw materials, as well as supply-chain normalization challenges are pressuring margins and forcing manufacturers to rely on pricing actions, productivity initiatives and supply-chain diversification. Operational disruptions, product remediation efforts and elevated R&D spending are also weighing on near-term profitability.

Despite these challenges, underlying demand remains resilient, supported by healthy procedural volumes, hospital capital spending, aging demographics and growing prevalence of chronic diseases. At the same time, rapid innovation across AI-enabled diagnostics, robotic-assisted surgery, cardiovascular interventions and digital care platforms is creating new growth opportunities and expanding addressable markets.

These contrasting forces suggest that while the industry's near-term outlook remains constrained by cost pressures, companies with differentiated technologies, innovation pipelines and disciplined execution are best positioned to outperform.

Terumo (TRUMY - Free Report) , QuidelOrtho (QDEL - Free Report) , Lumexa Imaging Holdings, Inc. (LMRI - Free Report) and  Brainsway (BWAY - Free Report) are countering industry pressures through pricing actions, cost-control initiatives, differentiated innovation pipelines, and focused execution across their core growth franchises and rising demand for advanced diagnostic solutions.

Industry Description The industry includes companies that provide medical products and cutting-edge technologies for healthcare services, including Abbott Laboratories, Stryker and Boston Scientific. These companies are primarily focused on research and development and cater to vital therapeutic areas like cardiovascular, nephrology and urology devices.

The increase in procedure volumes is driving sales, particularly for surgical products and services. At the same time, cost-cutting measures are helping companies improve their bottom-line performance.

However, the industry’s profitability picture is under significant strain. War-related disruptions are likely to cut into margins and may force companies into another complex and costly supply-chain restructuring.

Major Trends Shaping the Future of the Medical Products Industry Innovation Continues to Create New Growth Engines: The industry's strongest growth driver remains continuous product innovation. Companies are accelerating investments in AI-powered imaging, robotic-assisted surgery, electrophysiology, structural heart therapies, diabetes care and digital health platforms to capture expanding clinical opportunities. Per the FDA list, there are currently more than 1,500 FDA-cleared AI/ML-enabled devices, and the figure is likely to increase as several medical device makers are actively developing such devices for efficient and faster diagnosis and treatment. Remote patient monitoring platforms are projected to reach $30.9 billion by 2026-end and $110.7 billion by 2033, per a Grand View research report.

New product launches, broader regulatory approvals and increasing physician adoption are helping companies penetrate higher-growth therapeutic categories while improving procedural efficiency and patient outcomes. Robust innovation pipelines are also supporting pricing power and strengthening long-term competitive positioning across the medical products landscape.

Migration to Ambulatory and Home-Based Care: The U.S. market is experiencing a sustained shift from inpatient hospital settings to ASCs and home-based monitoring. The ASC market is set to reach $205 billion by 2030, per a Grand View Research report, driven by procedure cost efficiency, CMS policy changes and expanded device portfolios tailored for outpatient use. Coupled with increased adoption of wearables and connected devices, care decentralization is reshaping technology requirements, pricing structures and competitive dynamics for device makers.

Accelerating Innovation in Robotics and Specialty Therapeutics: Surgical robotics and specialty cardiovascular interventions are driving the next wave of value creation, with robotics poised to witness a 10.5% CAGR, per a Grand View Research report, and pulsed-field ablation transforming electrophysiology standards.

Intuitive Surgical’s platform evolution, entry of versatile competitors and expansion of structural heart solutions (TMVR, PFA) highlight a winner-take-all dynamic. Innovation, clinical outcome evidence and ecosystem lock-in are creating durable advantages in profitability and return on invested capital (ROIC), while commoditized hardware businesses remain under pressure.

Procedure Recovery and Hospital Spending Support Demand: Healthy procedure volumes, favorable demographic trends and resilient hospital capital spending continue to support industry growth. Aging populations, the rising prevalence of chronic diseases and the growing adoption of minimally invasive procedures are driving sustained demand across the cardiovascular, orthopedic, neuromodulation and diagnostic markets. Hospitals also continue to invest in advanced imaging systems, robotics and workflow automation to improve productivity and patient care, providing manufacturers with strong recurring demand despite broader macroeconomic uncertainty.

Tariffs and Cost Inflation Continue to Pressure Margins: The industry's biggest challenge remains rising input costs stemming from tariffs, inflation and supply-chain pressures. Higher prices for semiconductors, metals, freight and other critical components are squeezing margins, while some companies continue to navigate operational disruptions and remediation costs. Although manufacturers are offsetting part of the pressure through pricing actions, productivity initiatives and supply-chain optimization, elevated costs are likely to remain a key headwind for earnings growth in the near term.

Zacks Industry Rank The Zacks Medical Products industry falls within the broader Zacks Medical sector.

It currently carries a Zacks Industry Rank #169, which places it in the bottom 32% of more than 245 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all member stocks, indicates dull near-term prospects. 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.

Before we present a few medical product stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.

Industry Performance The industry has underperformed its own sector as well as the Zacks S&P 500 composite over the past year.

Stocks in this industry have collectively declined 26.1% against the Zacks Medical sector’s rise of 12.7%. The S&P 500 has increased 21.1% in the same time frame.

One-Year Price Performance

Industry's Current Valuation On the basis of the forward 12-month price-to-earnings (P/E), which is commonly used for valuing medical stocks, the industry is currently trading at 16.3X compared with the S&P 500’s 20.7X and the sector’s 21.1X.

Over the past five years, the industry has traded as high as 27.4X and as low as 15.3X, with the median being 21.8X, as the charts show.

Price-to-Earnings Forward Twelve Months (F12M)

Price-to-Earnings Forward Twelve Months (F12M)

4 Potential Winning Medical Product Stocks BrainsWay continues to emerge as one of the industry's fastest-growing niche medtech companies, driven by expanding adoption of its Deep TMS platform. Strong system placements, a growing installed base, recurring multi-year contracts and improving reimbursement coverage are supporting sustained revenue visibility.

Additional catalysts include expanding clinical indications, the SWIFT protocol, strategic investments in mental health networks and Neurolief, and a large untapped market opportunity for non-invasive neuromodulation therapies. Still, continued investment in commercialization, reimbursement expansion and broader physician adoption remain necessary, while geopolitical and supply-chain uncertainties could modestly affect execution.

For 2026, BrainsWay has guided revenues of $66-$68 million (27-30% growth), operating margin of 13-14% and adjusted EBITDA of $12-$14 million, indicating strong bottom-line expansion.

For this Israel-based company, the Zacks Consensus Estimate for fiscal 2026 revenues is pegged at $68.5 million, projecting 31.2% growth. The consensus mark for EPS is pinned at 33 cents per share, implying an 8.3% decline year over year. The company delivered a trailing four-quarter average earnings surprise of 72.23%.

Presently, the company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Price and Consensus: BWAY

Terumo appears well positioned for a strong second half of 2026, supported by broad-based growth across its Cardiac & Vascular, Neuro, Blood & Cell Technologies and Pharmaceutical Solutions businesses. Continued demand in North America, pricing actions, expanding neurovascular adoption, growth in CDMO and PLAJEX businesses, and the first full-year contribution from Terumo Organ Technologies should sustain high-single-digit revenue growth while profit expands faster than sales. The absence of large one-time restructuring charges also strengthens earnings visibility.

However, U.S. tariffs, higher raw material costs and geopolitical uncertainty remain key risks, although management expects pricing and cost-control initiatives to offset much of the pressure.

The company expects revenues and operating profit to grow 8% and 20%, respectively, in 2026. For this Japanese company, the Zacks Consensus Estimate for 2026 revenues of $7.69 billion indicates year-over-year growth of 2.4%. The consensus estimate for earnings of 70 cents per share indicates an improvement of 14.8%. Presently, the company carries a Zacks Rank #2 (Buy).

Price and Consensus: TRUMY

Despite a difficult first quarter, QuidelOrtho's long-term outlook is improving as its growth increasingly shifts beyond seasonal respiratory testing. The LEX Diagnostics acquisition strengthens its point-of-care molecular diagnostics portfolio, while the U.S. launch of the high-sensitivity troponin assay and international rollout of the VITROS 450 platform should support higher laboratory revenues in the second half.

Management also expects margin expansion through restructuring, procurement savings and facility consolidation. Nevertheless, a weak respiratory season, China IVD pricing reforms and geopolitical disruptions affecting Middle East orders could continue to pressure near-term growth and profitability.

For this San Dieogo, CA-based company, the Zacks Consensus Estimate for 2026 revenues is pegged at $2.68 billion, suggesting a decline of 1.8%. The consensus mark for earnings per share (EPS) is pinned at $1.87, indicating a decline of 11.8%. However, revenues and earnings are likely to improve 2.7% and 25.7%, respectively, in 2027. The company delivered a trailing four-quarter average negative earnings surprise of 15.66%. Presently, the company carries a Zacks Rank of 2.

Price and Consensus: QDEL

Lumexa's growth prospects remain supported by structural shifts toward outpatient imaging and rising demand for advanced diagnostic modalities. Robust PET and MRI growth, accelerating de novo center openings, tuck-in acquisitions, expanding joint ventures with health systems and increasing adoption of AI-enabled imaging solutions provide multiple growth levers for the second half of 2026.

Favorable industry trends, including aging demographics, preventive screening and site-of-care migration, further strengthen the outlook. However, weather-related volume disruptions, seasonal payer mix changes and cybersecurity-related compliance costs could create intermittent operational headwinds despite management's strong execution.

For this Raleigh, NC-based company, the Zacks Consensus Estimate for 2026 revenues is pegged at $1.07 billion, projecting 298% growth. The consensus mark for EPS is pinned at 77 cents, implying a 302.6% improvement year over year. The company delivered a trailing four-quarter average negative earnings surprise of 685%. Presently, it carries a Zacks Rank #2.

Price and Consensus: LMRI

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Hub Group To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Hub Group between April 28, 2023 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hub Group, Inc. ("Hub Group" or the "Company") (NASDAQ: HUBG) and reminds investors of the August 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth; and (2) Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.

On February 5, 2026, Hub Group announced that the Company's financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025." The Company revealed that its reports for those quarters "were in each case materially misstated due to the aforementioned error and should no longer be relied upon" and that "the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps." The Company also estimated that "[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million."

This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.

On May 12, 2026, Hub Group announced that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they "should no longer be relied upon." The Company did not quantify the expected misstatement, although it "expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023."

This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Hub Group's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Hub Group class action, go to www.faruqilaw.com/HUBG or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Hub Group Securities Class Action Lawsuit:

What is the Hub Group securities fraud lawsuit about?

The lawsuit alleges Hub Group made misleading statements about revenue recognition, transportation costs, accounts payable, internal controls, and financial reporting, causing multiple financial statements to contain material accounting misstatements.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Hub Group (NASDAQ: HUBG) securities between April 28, 2023 and May 11, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class and helps oversee the litigation. Eligible investors must file a motion with the court by August 28, 2026. Investors can share in any recovery without serving as lead plaintiff.

What should investors do if they purchased Hub Group stock during the Class Period?

Investors should review their trading records, preserve relevant documents, and evaluate their legal rights. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for clients. The firm can evaluate your potential claims and explain your legal options at no upfront cost.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305826

Source: Faruqi & Faruqi LLP

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NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Insulet Corporation (NASDAQ: PODD) between February 21, 2025 and May 26, 2026, inclusive (the “Class Period”), of the important August 31, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Insulet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Insulet class action, go to https://rosenlegal.com/cases/insulet-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 31, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Insulet’s manufacturing controls and procedures were defective; (2) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Insulet class action, go to https://rosenlegal.com/cases/insulet-corporation/join   or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
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The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 20, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of PicS who were adversely affected if they purchased the Company's Class A common stock in and/or traceable to its January 30, 2026 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.

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Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-pics/

PicS investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-pics/ to learn more.

CASE DETAILS: According to the Complaint, PicS and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) in December 2025, the Company determined that its credit assessment procedures were deficient and required enhancement; (ii) following implementation of revised procedures, the Company reclassified approximately R$590 million of exposures from Stage 2 to Stage 3, resulting in an incremental ECL charge of R$88 million for the quarter ended December 31, 2025; (iii) the Company experienced an undisclosed Stage 3 formation rate exceeding 7% in the fourth quarter of 2025, materially departing from the historical trends disclosed in the offering documents; (iv) the offering documents materially overstated the effectiveness of PicS N.V.'s credit models, user data, and underwriting and risk-monitoring capabilities; and (v) prior to the IPO, PicS N.V.'s expansion into riskier business lines had led to deteriorating credit quality, increased default and impairment risk, and adverse financial and operational trends that were expected to continue worsening and materially impact the Company's business and financial results.

The case is FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793.

WHAT TO DO? If you invested in PicS and suffered a loss during the relevant time frame, you have until August 4, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305822

Source: Kahn Swick & Foti, LLC

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MINNEAPOLIS--(BUSINESS WIRE)--Private wealth advisor Kevin King JD, CFP®, AAMS®, CPWA®, recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from Edward Jones in Idaho Falls, Idaho, where he managed approximately $160 million in client assets. King wasn't initially looking to make a move but says he was compelled to reconsider after evaluating Ameriprise's capabilities. “I'm consistently focused on doing what's best for my clients,” he said. “Once I saw what Ameripr.

MINEOLA, N.Y., July 20, 2026 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (NASDAQ: HNVR) (“the Company”) and Hanover Community Bank (the “Bank”), announced that they have named Kevin O’Connor to the position of President of the Company and the Bank effective July 27, 2026. In this role, Mr. O’Connor will fuel expansion and regional growth throughout the Long Island market by strengthening client relationships and unlocking new business opportunities and strategic initiatives in this underserved market.

“Kevin is a highly respected banking leader whose deep market knowledge, relationship-driven approach and longstanding commitment to Long Island will be an outstanding addition to Hanover Bank,” said Michael P. Puorro, Chairman, President and Chief Executive Officer of Hanover Bancorp, Inc. “We look forward to welcoming Kevin to the team and partnering with him as we continue to expand our presence and deliver exceptional service to clients across the region. Kevin’s reputation and credibility within the Wall Street community will be complementary as we leverage our experience in an effort to successfully execute our growth strategies and maximize shareholder value.”

Mr. O’Connor brings more than 35 years of banking experience to Hanover Bank. He most recently served as Long Island Market President at Valley Bank. Prior to Valley, he served as Chief Executive Officer of Dime Community Bank, the successor organization to Bridgehampton National Bank following the 2021 merger between the two institutions. Mr. O’Connor served as Chief Executive Officer and President of Bridgehampton National Bank beginning in 2007, leading the Long Island-based institution through a period of significant organic growth and financial success. He has also held senior executive roles at North Fork Bank and KPMG and was recognized by Long Island Business News as one of Long Island’s top CEOs.

Mr. O’Connor currently serves on the Board of Directors and executive committee of HIA-LI and is an executive committee member of the Board of Trustees for Suffolk County Community College. He is Chair of the Board of Directors of the Long Island chapter of Habitat for Humanity and serves on the boards of United Veterans Beacon House and Pursuit Lending, a non-profit community-focused lender. He is also the former Long Island and New York State chair of the New York Bankers Association.

“I am excited to join Hanover Bank and work with Mike and the team to continue its growth across Long Island,” said Mr. O’Connor. “Hanover has built a strong reputation for relationship banking, local decision-making and client-focused service, and I look forward to building on our commitment to support businesses, families and communities throughout the region.”

About Hanover Community Bank and Hanover Bancorp, Inc.

Hanover Bancorp, Inc. (NASDAQ: HNVR), is the bank holding company for Hanover Community Bank, a community commercial bank focusing on highly personalized and efficient services and products responsive to client needs. Management and the Board of Directors are comprised of a select group of successful local businesspeople who are committed to the success of the Bank by knowing and understanding the metro-New York area’s financial needs and opportunities. Backed by state-of-the-art technology, Hanover offers a full range of financial services. Hanover offers a complete suite of consumer, commercial, and municipal banking products and services, including multifamily and commercial mortgages, residential loans, business loans and lines of credit. Hanover also offers its customers access to 24-hour ATM service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and internet banking for our consumer and business customers, safe deposit boxes and much more. The Company’s corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Hauppauge, Port Jefferson, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Bowery, New York, and Freehold, New Jersey.

Hanover Community Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, call (516) 548-8500 or visit the Bank’s website at www.hanoverbank.com.

Forward-Looking Statements

This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," “intend,” and "potential" or the negative of these terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Hanover Bancorp, Inc. Any or all of the forward-looking statements in this release and in any other public statements made by Hanover Bancorp, Inc. may turn out to be incorrect as a result of inaccurate assumptions that Hanover Bancorp, Inc. might make or by known or unknown risks and uncertainties. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) the impact of a pandemic or other health crises and the government’s response to such pandemic or crises on our operations as well as those of our customers and on the economy generally and in our market area specifically, (2) competitive pressures among depository institutions may increase significantly; (3) changes in the interest rate environment may reduce interest margins; (4) loan origination and sale volumes, charge-offs and credit loss provisions may vary substantially from period to period; (5) general economic conditions may be less favorable than expected; (6) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (7) legislative or regulatory changes or actions may adversely affect the businesses in which Hanover Bancorp, Inc. is engaged; (8) the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; (9) changing political conditions and the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; (10) changes and trends in the securities markets may adversely impact Hanover Bancorp, Inc.; (11) a delayed or incomplete resolution of regulatory issues could adversely impact our planning; (12) difficulties in integrating any businesses that we may acquire, which may increase our expenses and delay the achievement of any benefits that we may expect from such acquisitions; (13) our ability to successfully execute our growth strategies; (14) our ability to hire and retain key personnel; (15) the impact of reputation risk created by the developments discussed above on such matters as business generation and retention, funding and liquidity could be significant; and (16) the outcome of any future regulatory and legal investigations and proceedings may not be anticipated. Further information on other factors that could affect the financial results of Hanover Bancorp, Inc. are included in our Annual Report on Form 10-K under Item 1A - Risk Factors, as updated by our subsequent filings with the Securities and Exchange Commission. Consequently, no forward-looking statement can be guaranteed. Hanover Bancorp, Inc. does not intend to update any of the forward-looking statements after the date of this release or to conform these statements to actual events.

Investor and Press Contact:
Michael P. Puorro
Chairman, President & Chief Executive Officer
(516) 548-8500

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eee5cf99-0aba-475b-b0a1-af2ee8febd4d

, /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the second quarter ended June 30, 2026.

Highlights

Second Quarter

Diluted earnings per share of $2.23 versus $1.56 in 2025 Adjusted diluted earnings per share increased 16% to $2.49 compared to $2.15 in 2025 Global beverage can volumes increased 5% Share repurchases of $305 million during the quarter.  Total share repurchases almost 7% of outstanding Company shares over previous twelve months Net leverage ratio of 2.5x adjusted EBITDA 2026 Outlook

Full year guidance range for adjusted diluted earnings per share increased to $8.30 to $8.50 with adjusted free cash flow of at least $900 million Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2026 performance with excellent second quarter results.  Global beverage can volume growth of 5% in the quarter was driven by double-digit gains in Asia and increases of 7% and 5% in Europe and North America, respectively, which more than offset softer demand in Latin America.  Second quarter segment income results also reflect robust results across the Company's beverage can equipment and North American Tinplate businesses. The Transit business performed well despite a continuing tepid global industrial production environment.

"The Company is on pace for another exceptional year in 2026.  Notably, we expect that global beverage can demand will continue to thrive, as customers and consumers alike continue to increasingly prefer aluminum cans as the most sustainable and responsible beverage packaging option.  Cans are the ideal package for brands in both the alcoholic and non-alcoholic segments and continue to be the choice for new beverage product introductions around the world.  To meet this expanded demand, the Company is advancing as planned with previously announced capacity expansion projects in Brazil, Greece and Spain as well as the construction of a state-of-the-art facility in Northern India, marking Crown's entry into one of the world's fastest growing beverage markets.

"The Company has repurchased more than $500 million in stock during the first six months of the year, reflecting both our confidence in the long-term outlook for the Company and the continued strength of free cash flow generation.  We remain committed to a disciplined and opportunistic approach to share repurchases while balancing investment opportunities and maintaining financial flexibility through a strong balance sheet.  The net leverage ratio was 2.5x at the end of the second quarter of 2026."  

Net sales in the second quarter were $3,668 million compared to $3,149 million in the second quarter of 2025 reflecting higher global beverage can shipments, the pass-through of $395 million in higher material costs and favorable foreign currency translation of $32 million.

Income from operations was $464 million in the second quarter of 2026 compared to $391 million in the second quarter of 2025.  Segment income in the second quarter of 2026 was $501 million compared to $476 million in the prior year second quarter driven by 5% higher global beverage can shipments and strong results across the beverage can equipment and North American tinplate businesses offset by inflationary cost increases.

Net income attributable to Crown Holdings in the second quarter of 2026 was $245 million compared to $181 million in the second quarter of 2025.  Reported diluted earnings per share were $2.23 in the second quarter of 2026 compared to $1.56 in 2025 and adjusted diluted earnings per share were $2.49 compared to $2.15 in 2025.

Six Month Results
Net sales for the first six months of 2026 were $6,927 million compared to $6,036 million in the first six months of 2025, reflecting the pass-through of $629 million in higher material costs, favorable foreign currency translation of $106 million and higher global beverage can shipments.

Income from operations was $829 million in the first half of 2026 compared to $756 million in the first half of 2025.  Segment income in the first half of 2026 was $906 million compared to $874 million in the prior year period driven by 5% higher global beverage can shipments partially offset by inflationary cost pressures.

Net income attributable to Crown Holdings in the first six months of 2026 was $420 million compared to $374 million in the first six months of 2025. Reported diluted earnings per share were $3.78 compared to $3.21 in 2025.  Adjusted diluted earnings per share were $4.34 compared to $3.81 in 2025.

Outlook
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, commented "The global beverage can market remains healthy, our manufacturing network continues to perform at a high level and our balance sheet remains strong.  As a result, the Company is raising 2026 adjusted diluted earnings per share guidance from a range of $7.90 to $8.30 to a range of $8.30 to $8.50 and expects third quarter adjusted diluted earnings per share in the range of $2.20 to $2.30."

The Company expects to generate adjusted free cash flow of at least $900 million in 2026 after capital spending of approximately $550 million.

Non-GAAP Measures
Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures).  Non-GAAP measures should not be considered in isolation or as a substitute for income from operations, cash flow, leverage ratio, net income, effective tax rates, diluted earnings per share or interest expense and interest income prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow and adjusted net leverage ratio as the principal measures of its liquidity.  The Company considers all of these measures in the allocation of resources.  Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.  The amount of mandatory versus discretionary expenditures can vary significantly between periods.  The Company believes that adjusted free cash flow and adjusted net leverage ratio provide meaningful measures of liquidity and a useful basis for assessing the Company's ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or dividends.  The Company believes that adjusted net income, segment income, the adjusted effective tax rate and adjusted diluted earnings per share are useful in evaluating the Company's operations as these measures are adjusted for items that affect comparability between periods.  Segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, net interest expense, EBITDA and adjusted EBITDA are derived from the Company's Consolidated Statements of Operations, Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, net debt, adjusted net leverage ratio, adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share and adjusted EBITDA can be found within this release.  Reconciliations of estimated adjusted diluted earnings per share, adjusted free cash flow, the adjusted effective tax rates and adjusted net leverage ratio for the third quarter and full year of 2026 to estimated diluted earnings per share, operating cash flow, the effective tax rate and income from operations on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share, the adjusted effective tax rates and adjusted net leverage ratio, and could have a significant impact on earnings per share, the effective tax rate and income from operations on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring and other costs, asset impairment charges, asbestos-related charges, losses from early extinguishment of debt, pension settlement and curtailment charges, the tax and noncontrolling interest impact of the items above, and the impact of tax law changes or other tax matters.

Conference Call
The Company will hold a conference call tomorrow, July 21, 2026, at 9:00 a.m. (EDT) to discuss this news release.  Forward-looking and other material information may be discussed on the conference call.  The dial-in numbers for the conference call are 630-395-0194 or toll-free 888-324-8108 and the access password is "packaging."  A live webcast of the call will be made available to the public on the internet at the Company's website, www.crowncork.com.  A replay of the conference call will be available for a one-week period ending at midnight on July 28, 2026.  The telephone numbers for the replay are 203-369-0896 or toll free 866-427-6407.

Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements.  These forward-looking statements involve a number of risks, uncertainties and other factors, including expected levels of capital expenditures, free cash flow and earnings; the Company's ability to continue to operate its plants, distribute its products, and  maintain its supply chain, including any impact of the ongoing Middle East conflict; the Company's ability to complete the projects in Brazil, Greece, Spain and Northern India; the future impact of currency translation; the continuation of performance and market trends in 2026, including consumer preference for beverage cans and global beverage can demand; the future impact of inflation, including the potential for higher interest rates and energy and transportation prices and the Company's ability to recover raw material and other inflationary costs, including tariffs and retaliatory trade measures; future demand for food cans; the Company's ability to deliver continuous operational improvement and future demand in the Transit Packaging segment that may cause actual results to be materially different from those expressed or implied in the forward-looking statements.  Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2025 and in subsequent filings made prior to or after the date hereof.  The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.

Consolidated Statements of Operations (Unaudited)

(in millions, except share and per share data)

  Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net sales

$    3,668

$     3,149

$   6,927

$       6,036

    Cost of products sold

2,920

2,436

5,535

4,698

    Depreciation and amortization

116

114

234

224

    Selling and administrative expense

166

161

325

313

    Restructuring and other

2

47

4

45

Income from operations (1)

464

391

829

756

    Loss on debt extinguishment

1

3

1

    Other pension and postretirement

5

(1)

10

4

    Foreign exchange

3

9

11

Earnings before interest and taxes

456

382

816

740

    Interest expense

105

103

202

202

    Interest income

(14)

(14)

(26)

(27)

Income from operations before income taxes

365

293

640

565

    Provision for income taxes

89

78

159

124

    Equity earnings

1

1

2

Net income

276

216

482

443

    Net income attributable to noncontrolling interests

31

35

62

69

Net income attributable to Crown Holdings

$       245

$        181

$      420

$          374

Earnings per share attributable to Crown Holdings

common shareholders:

     Basic

$         2.24

$         1.57

$          3.80

$         3.22

     Diluted

$         2.23

$         1.56

$          3.78

$         3.21

Weighted average common shares outstanding:

     Basic

109,358,347

115,329,354

110,663,255

115,997,384

     Diluted

109,798,634

115,841,544

111,154,898

116,462,524

Actual common shares outstanding at quarter end

108,766,371

116,393,989

108,766,371

116,393,989

(1) Reconciliation from income from operations to segment income follows.

Consolidated Supplemental Financial Data (Unaudited)
(in millions)

Reconciliation from Income from Operations to Segment Income

The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources.  Segment income is defined by the Company as income from operations adjusted to exclude intangibles amortization charges and provisions for restructuring and other.

Three Months

 Ended June 30,

Six Months

Ended June 30,

2026

2025

2026

2025

Income from operations                              

$

464

$

391

$

829

$

756

Intangibles amortization

35

38

73

73

Restructuring and other

2

47

4

45

Segment income

$

501

$

476

$

906

$

874

Segment Information

Net Sales

Three Months Ended

 June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Americas Beverage

$

1,699

$

1,405

$

3,229

$

2,725

European Beverage

735

635

1,323

1,147

Asia Pacific

331

256

634

535

Transit Packaging

537

526

1,033

1,008

Other (1)

366

327

708

621

       Total net sales

$

3,668

$

3,149

$

6,927

$

6,036

Segment Income 

Americas Beverage

$

265

$

268

$

475

$

504

European Beverage

107

97

193

164

Asia Pacific

53

50

105

97

Transit Packaging

68

72

121

132

Other (1)

52

35

99

64

Corporate and other unallocated items

(44)

(46)

(87)

(87)

       Total segment income

$

501

$

476

$

906

$

874

(1) Includes the Company's North America tinplate businesses: food can, aerosol can and closures, and beverage tooling

     and equipment operations in the U.S. and United Kingdom.

Consolidated Supplemental Data (Unaudited)
(in millions, except per share data)

Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share

The following table reconciles reported net income and diluted earnings per share attributable to the Company to adjusted net income and adjusted diluted earnings per share, as used elsewhere in this release. 

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net income/diluted earnings per share

  attributable to Crown Holdings, as reported

$245

$2.23

$181

$1.56

$420

$3.78

$374

$3.21

    Intangibles amortization (1)

35

0.32

38

0.33

73

0.66

73

0.62

    Restructuring and other  (2)

2

0.02

47

0.40

4

0.04

45

0.39

    Loss on debt extinguishment

1

0.01

3

0.02

1

0.01

    Other pension and postretirement (3)

(5)

(0.04)

(5)

(0.04)

    Income taxes (4)

(9)

(0.08)

(13)

(0.11)

(17)

(0.15)

(44)

(0.38)

    Noncontrolling interests (5)

(1)

(0.01)

Adjusted net income/diluted earnings per share

$273

$2.49

$249

$2.15

$482

$4.34

$444

$3.81

     Effective tax rate as reported

24.4 %

26.6 %

24.8 %

21.9 %

     Adjusted effective tax rate

24.4 %

24.3 %

24.4 %

24.7 %

Adjusted net income, adjusted diluted earnings per share and the adjusted effective tax rate are non-GAAP measures and are not meant to be considered in isolation or as a substitute for net income, diluted earnings per share and effective tax rates determined in accordance with U.S. generally accepted accounting principles.  The Company believes these non-GAAP measures provide useful information to evaluate the performance of the Company's ongoing business.

(1)

In the second quarter and first six months of 2026, the Company recorded charges of $35 million ($27 million net of tax) and $73 million ($56 million net of tax) for intangibles amortization arising from prior acquisitions.  In the second quarter and first six months of 2025, the Company recorded charges of $38 million ($29 million net of tax) and $73 million ($56 million net of tax) for intangibles amortization arising from prior acquisitions.

(2)

In the second quarter and first six months of 2026, the Company recorded net restructuring and other charges of $2 million ($1 million net of tax) and $4 million ($5 million net of tax).  In the second quarter and first six months of 2025, the Company recorded net restructuring and other charges of $47 million ($42 million net of tax) and $45 million ($40 million net of tax) primarily related to asset impairment charges in Asia Pacific, severance costs in the Transit Packaging segment and a reserve for a legal dispute.

(3)

In the second quarter of 2025, the Company recorded a pension settlement gain of $5 million ($4 million net of tax), related to repayment of the contribution the Company made in 2021 to settle the U.K. defined pension plan.

(4)

The Company recorded income tax benefits of $9 million and $17 million in the second quarter and first six months of 2026, primarily related to the items described above.  The Company recorded income tax benefits of $13 million and $44 million in the second quarter and first six months of 2025, primarily related to an income tax benefit of $22 million from an internal reorganization in the first quarter of 2025 and the items described above.

(5)

In the first six months of 2026, the Company recorded noncontrolling interest related to the items described above.

Consolidated Balance Sheets (Condensed & Unaudited)

(in millions)

June 30,

2026

2025

Assets

Current assets

   Cash and cash equivalents

$

656

$

936

   Receivables, net

1,999

1,864

   Inventories

1,795

1,629

   Prepaid expenses and other current assets

322

223

        Total current assets

4,772

4,652

Goodwill and intangible assets, net

4,014

4,169

Property, plant and equipment, net

5,205

5,041

Other non-current assets

565

616

        Total assets

$

14,556

$

14,478

Liabilities and equity

Current liabilities

   Short-term debt

$

44

$

201

   Current maturities of long-term debt

519

671

   Accounts payable and accrued liabilities

3,988

3,501

        Total current liabilities

4,551

4,373

Long-term debt, excluding current maturities

5,499

5,618

Other non-current liabilities

1,140

1,115

Noncontrolling interests

499

481

Crown Holdings shareholders' equity

2,867

2,891

Total equity

3,366

3,372

        Total liabilities and equity

$

14,556

$

14,478

Consolidated Statements of Cash Flows (Condensed & Unaudited)

(in millions)

Six months ended June 30,

2026

2025

Cash flows from operating activities

 Net income

$

482

$

443

 Depreciation and amortization 

234

224

 Restructuring and other

4

45

 Pension and postretirement expense

19

14

 Pension contributions

(10)

22

 Stock-based compensation

23

26

 Loss on debt extinguishment

3

 Working capital changes and other

(96)

(311)

           Net cash provided by operating activities

659

463

Cash flows from investing activities

 Capital expenditures

(203)

(89)

 Other

9

45

Net cash used for investing activities

(194)

(44)

Cash flows from financing activities

 Net change in debt

168

(83)

 Dividends paid to shareholders

(77)

(60)

 Common stock repurchased

(517)

(209)

 Dividends paid to noncontrolling interests

(41)

(62)

 Other, net (1)

(95)

(13)

           Net cash used for financing activities

(562)

(427)

Effect of exchange rate changes on cash and cash equivalents

(3)

30

Net change in cash and cash equivalents

(100)

22

Cash and cash equivalents at January 1

879

1,016

Cash, cash equivalents and restricted cash at June 30 (2)

$

779

$

1,038

(1)  Primarily consists of payments for assets financed in 2025.

(2)  Cash and cash equivalents include $123 million and $102 million of restricted cash at June 30, 2026 and 2025.

Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items.  A reconciliation of net cash from operating activities to adjusted free cash flow for the three and six months ended June 30, 2026 and 2025 follows.

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net cash provided by operating activities

$              713

$         449

$          659

$            463

Interest included in investing activities (3)

4

16

13

Capital expenditures

(116)

(56)

(203)

(89)

Adjusted free cash flow

$              601

$         393

$          472

$              387

(3)  Interest benefit of cross currency swaps included in investing activities.

Consolidated Supplemental Data (Unaudited)

(in millions)

Impact of Foreign Currency Translation – Favorable/(Unfavorable) (1)

Three Months Ended

June 30, 2026

Six Months Ended

June 30, 2026

Net Sales

Segment

Income

Net Sales

Segment

Income

Americas Beverage

$

8

$

(1)

$

16

$

(3)

European Beverage

16

3

52

8

Asia Pacific

4

11

1

Transit Packaging

4

1

25

5

Corporate and other

(1)

2

$

32

$

2

$

106

$

11

(1) The impact of foreign currency translation represents the difference between actual current year U.S. dollar

     results and pro forma amounts assuming constant foreign currency exchange rates for translation in both periods. 

     In order to compute the difference, the Company compares actual U.S. dollar results to an amount calculated by

     dividing the current U.S. dollar results by current year average foreign exchange rates and then multiplying those

     amounts by the applicable prior year average foreign exchange rates.

Reconciliation of Adjusted EBITDA and Adjusted Net Leverage Ratio

June YTD

June YTD

Full Year

Twelve Months

Ended

2026

2025

2025

June 30, 2026

Income from operations

$

829

$

756

$

1,553

$

1,626

Add:

   Intangibles amortization

73

73

148

148

   Restructuring and other

4

45

83

42

Segment income

906

874

1,784

1,816

Depreciation

161

151

308

318

Adjusted EBITDA

$

1,067

$

1,025

$

2,092

$

2,134

Total debt

$

5,964

$

6,062

Less cash

764

656

Net debt

$

5,200

$

5,406

Adjusted net leverage ratio

2.5x

2.5x

SOURCE Crown Holdings, Inc.

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Over $70 million in ETH was bridged to the platform during its first week of operation alone. Uniswap’s total value locked on Robinhood Chain surpassed $106 million shortly after launch.

Governance moves signal long-term commitment By mid-July, proposals emerged to extend the protocol fee structure to cover activity on Robinhood Chain. One particularly notable discussion centered on routing fees from Uniswap v4 through a mechanism called TokenJar, which would be used for burning UNI tokens on the Ethereum mainnet. The governance discussions also touched on fee activation for v2 and v3 deployments.

Beyond governance, Uniswap has introduced on-chain auctions on the platform and pursued partnerships designed to expand the Robinhood Chain ecosystem.

What this means for investors For UNI holders specifically, the governance proposals around fee activation and token burning deserve close attention. If the protocol fee switch gets turned on for Robinhood Chain, it would add a significant new revenue stream to the Uniswap protocol. The $500 million daily volume peaks represent substantial fee-generating potential.

Robinhood brought roughly 23 million funded accounts to the table when it entered crypto. The $106 million in TVL and billion-dollar volume milestone suggest that when you reduce friction and pair decentralized infrastructure with a familiar brand, retail traders are willing to make the jump.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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Dfinity Adds Open SaaS to Its Growing Cloud RoadmapThe @Dfinity Foundation is pushing further into enterprise territory. Alongside its upcoming Cloud Engines product, founder Dominic Williams has announced that the Internet Computer ($ICP) protocol is preparing to launch an "Open SaaS" suite, a collection of dozens of on-chain services designed to let users run full enterprises directly on the blockchain.

According to Williams' post on X, every user will be able to customize their own SaaS service using AI, with the offering described as free to use forever and straightforward to install. The announcement adds another layer to what has become an ambitious product push from @Dfinity in 2026.

Cloud Engines Lay the FoundationThe Open SaaS suite builds on top of Cloud Engines, @Dfinity's sovereign cloud infrastructure product. A Cloud Engine is a dedicated private subnet within the ICP ecosystem, configurable to a specific specification, allowing users to choose their own security, performance, and resilience parameters. The technology gives enterprises real control over their infrastructure while maintaining tamper-proof hosting guarantees.

The Internet Computer's underlying cloud runs software that supports AI agents generating apps, websites, and SaaS on demand, with generated apps allowing users to make arbitrary requests via fluid AI experiences because AI can see the data inside and dynamically create logic on the fly. The Open SaaS announcement appears to operationalize that vision into a product anyone can deploy.

Sentiment around the project has strengthened after @Dfinity teased its upcoming Cloud Engines initiative, an announcement many view as a major step toward expanding $ICP's role in AI and decentralized cloud infrastructure. The global cloud infrastructure and platform services market is estimated at roughly $781 billion in 2025, and @Dfinity's Mission 70 white paper explicitly frames ICP as a platform that could address a major portion of that market through Cloud Engines and its "self-writing cloud" approach.

For the broader ICP ecosystem, the Open SaaS suite signals that @Dfinity is moving beyond developer tooling and into products that could attract mainstream enterprise users, with onchain services, AI customization, and a zero-cost entry point as the core selling points.

Sources:
Internet Computer Official Site
Coinpedia: ICP Price Climbs as DFINITY Expands AI Cloud Vision
Incrypted: DFINITY Foundation Announces New Economic Model for Internet Computer

Avalanche [AVAX] is among the top chains by activity, but its price action continues to struggle just like other cryptos.

Notably, the number of transactions on Avalanche’s C-Chain has increased significantly since last year. Furthermore, while the stablecoin market cap is rising, indicating that liquidity is growing on the chain, AVAX’s price continues to lag.

As per on-chain data, the number of average daily transactions on Avalanche has exploded in the past year. To be specific, they have been moving consistently up since Q2 of 2025.

In April and May of 2025, daily transactions on AVAX stood at around 300K per day. The spike on the 13th of July took Avalanche’s transactions to 6.2 million, which equates to an increase of nearly 20x in a year.

Source: DefILlama However, this metric has not been steady, with traffic down 9% in the past 24 hours, clocking 2.620 million as of writing.

However, despite the decline in transactions, the burn rate increased by almost 4%. About 135.65 AVAX were burned permanently, an increase from 130.51 AVAX the previous day.

Total supply on Avalanche up by double-digits Moreover, Avalanche broke into the top-10 stablecoin networks. This is after AVAX’s stablecoin supply inreased by more than 43% in just a week, reaching a total of over $2 billion. However, at press time, it has dropped to $1.90 billion.

Source: Artemis However, according to DefiLlama, the AVAX stablecoin market cap has declined by 11% this week to around $1.59 billion . All in all, the data shows chain activity on Avalanche is thriving organically, but it’s leaving the price of the native token behind.

Here’s why AVAX price is lagging The daily price-action chart is making new lower levels. For instance, it consolidated between $8.369 and $10.483 from February to June before breaking below the $8 support. Again, it has entered another stall as it trades between $6.231 and $7.100 since the beginning of June.

The overall downtrend is evident from the CVD. In fact, 22.82K AVAX were sold in 24 hours despite momentum being on the buyers’ side.

Source: AVAX/USDT on TradingView The market structure is bearish, which explains why the token is falling despite its thriving network activity. Again, the broader crypto market is weak, and AVAX is not an exception to this trend.

Final Summary Avalanche’s daily transactions spike by nearly 20x in a year alongside its stablecoin market cap.  AVAX price is making new lower lows, with the price now stalling between $6.231 and $7.100 since June. 

More than 80,000 people showed up to FIFA World Cup watch parties carrying tickets built on blockchain. Not a single one had to think about wallets, gas fees, or private keys.

The system running underneath those tickets is built on Avalanche, specifically a dedicated Layer-1 chain that Ava Labs and FIFA built together and simply call the FIFA blockchain. The goal from day one was infrastructure that works invisibly, where fans get verifiable, fraud-resistant tickets and never have to know or care that a blockchain is involved.

How the FIFA ticketing system actually works FIFA’s approach uses two distinct digital entitlements: a Right-to-Buy (RTB) and a Right-to-Ticket (RTT). Think of an RTB like a reservation at a restaurant that you can sell to someone else before you ever sit down. It gives the holder the verified right to purchase a ticket, without being the ticket itself.

FIFA separates the right to get a ticket from the ticket itself, and both layers live on-chain where they can be tracked, verified, and transferred, but where fraud, bots, and scalpers have a much harder time operating.

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As of mid-June 2026, FIFA has issued more than 100,000 RTBs, including over 50,000 bundled Club World Cup tickets. Combined secondary-market volume from the RTB and RTT system has crossed $25 million.

The actual match-day tickets are still fulfilled through traditional infrastructure. Blockchain handles the rights management layer upstream, quietly.

FIFA’s longer road to blockchain FIFA did not arrive at Avalanche overnight. The organization previously ran its FIFA Collect digital collectibles platform across multiple blockchain networks before eventually consolidating on Avalanche.

Ava Labs, the company behind Avalanche’s development, has been pushing the dedicated subnet, now called a Layer-1 chain, architecture as the right model for enterprises that want blockchain’s benefits without sharing network congestion with the rest of the crypto ecosystem. A purpose-built FIFA chain means FIFA controls the validator set and governance rules, while still inheriting Avalanche’s consensus mechanism and security architecture.

The FIFA blockchain launched in 2025, giving the system roughly a year of operational runway before the 2026 World Cup cycle hit full stride.

What this means for Avalanche and the broader market For Avalanche as a network, a FIFA partnership is about as high-profile a real-world use case as exists in crypto right now. FIFA’s 2026 World Cup is projected to be one of the most-watched sporting events in history, expanding to 48 teams and spanning the United States, Canada, and Mexico.

The $25 million in secondary-market volume generated so far comes from the rights layer, before most of the primary tournament games have even been played.

The broader market implication cuts across the ticketing industry. Live event ticketing is a sector with well-documented problems: bot purchases, fraudulent resales, and opaque pricing have frustrated fans and organizers for decades. FIFA’s multi-year commitment and the decision to build a dedicated chain rather than use a shared network suggests a longer-term architectural bet, not a marketing experiment.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

World Cup final tickets shattered US sporting event records, and blockchain was behind the scenes

The last time the stablecoin market contracted this sharply in a single month, Terra-Luna was imploding and crypto was entering a year-long winter. That was May 2022. Now, four years later, the market is doing something similar in size, minus the existential crisis.

The total stablecoin market cap fell by approximately $7.7 billion in June 2026, the largest monthly dollar decline since that infamous collapse. That drop pulled the aggregate market down roughly $10 billion from its May 2026 peak, leaving the total sitting around $312 billion.

Where the money went Tether’s USDT fell by roughly $6 billion, sliding from approximately $190 billion in May to around $184 billion. Circle’s USDC dropped from nearly $80 billion at its March 2026 peak to approximately $73 billion. Together, those two contractions account for the bulk of the headline number.

In percentage terms, the overall pullback clocks in at around 3%. For context, the 2022 bear market wiped out roughly 26% of stablecoin supply at its worst.

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Why this matters for crypto markets Stablecoins are the plumbing of crypto. They are the primary trading pairs on most exchanges, the dominant form of on-chain liquidity, and the default settlement layer for everything from DeFi protocols to institutional OTC desks.

When stablecoin supply contracts, that liquidity has to come from somewhere else, or it simply does not show up. Reduced stablecoin supply generally translates to lower trading volumes, tighter on-chain liquidity, and a market that has less dry powder available to absorb selling pressure or fuel new buying.

Paul Howard, an analyst at Wincent, described the current decline as a small fluctuation within an overall growth trajectory, signaling that investors are not in panic mode.

The broader stablecoin market has grown from under $50 billion in early 2020 to over $300 billion at peak supply.

New competition is changing the landscape While USDT and USDC absorbed the headline losses, newer regulated stablecoin issuers have been quietly gaining traction. The GENIUS Act and other regulatory clarity efforts in the US have opened the door for banks, fintechs, and payment processors to enter the stablecoin space with compliant, government-approved products.

That competition will not displace Tether overnight. USDT’s roughly $184 billion market cap gives it a gravitational pull that no newcomer can challenge in the short term.

For Circle, the dynamic cuts both ways. USDC is the preferred stablecoin for regulated institutions and compliance-conscious DeFi protocols, which should benefit from the regulatory clarity trend. But the same environment that legitimizes USDC also legitimizes every bank-issued stablecoin trying to carve into its market.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

FOMO, the social trading app built on Solana, just posted its highest weekly revenue on record. In the seven days ending July 16, 2026, the platform generated approximately $1.39 million, a number that puts it in third place among all Solana protocols by weekly revenue, behind only Pump.fun.

To put that growth in context: FOMO was pulling in roughly $150,000 per week in late 2025. That is not a typo. The platform nearly 10x’d its weekly revenue in roughly eight months.

How FOMO actually makes money The platform earns through transaction fees on self-custodial swaps and builder code fees from Hyperliquid perpetual contracts. No governance token, no inflationary emissions.

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Of the $1.39M generated last week, approximately $1.34M came directly from Solana DEX activity. The concentration is notable. FOMO is, at its core, a Solana-native product that has found a repeatable revenue engine on one chain before expanding the thesis elsewhere.

$94M raised, 625,000 users, $4B in volume FOMO has raised a total of $94 million across three rounds. The journey started with a $2 million angel round in February 2025, followed by a $17 million Series A led by Benchmark in November 2025. Then, in June 2026, the company closed a $75 million Series B that valued it at $550 million.

On the user side, FOMO has crossed 625,000 accounts and has logged over $4 billion in cumulative trading volume since launching roughly a year before mid-2026. The platform has also recorded over 110 million social interactions in that same period.

The core premise is straightforward: combine a social feed with a trading interface, let users follow and copy top performers, and watch trading activity compound as social dynamics kick in.

At $1.39M per week, the platform is approaching an annualized revenue run rate that starts to make the $550 million valuation feel less like a bet and more like a multiple.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

In brief Cross-chain bridge Allbridge has paused its Core protocol after an attacker stole about $1.65 million from its Solana stablecoin liquidity pools. The attacker used a $1.12 million flash loan from lending protocol Kamino to skew the pools' internal pricing, then extracted assets cheaply and bridged them to Ethereum. Allbridge told liquidity providers to withdraw and asked traders who profited from the resulting imbalance to return funds. Cross-chain bridge Allbridge has paused its protocol after an attacker drained roughly $1.65 million from its Solana liquidity pools in a flash loan attack, according to blockchain security firms and the project itself.

Allbridge lets users move assets between blockchains that don't natively communicate, and its Core product uses pools of native stablecoins such as USDC and USDT rather than minting wrapped tokens. On Sunday, the team said it had "paused the protocol as a precaution" while investigating, and urged liquidity providers to pull funds from affected pools.

Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.

If you have liquidity in affected pools, please withdraw now.

The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM

— Allbridge (@Allbridge_io) July 19, 2026

In a follow-up tweet, Allbridge noted that its team was "preparing a detailed breakdown" and post-mortem report, adding that "There is no threat to users liquidity right now" as it works to relaunch Core without liquidity pools.

How it happenedAllbridge confirmed an earlier tweet from security firm PeckShield putting the loss at around $1.65 million, which noted that the attacker had bridged the funds from Solana to Ethereum.

Fellow firm CertiK detailed the method, which saw the attacker borrow $1.12 million through a flash loan from Solana lending protocol Kamino, before running a rapid series of stablecoin swaps to distort the internal accounting that prices assets in Allbridge's pools.

With the pools mispriced, the attacker swapped a few thousand dollars of USDT for about $2.24 million in USDC before bridging the proceeds to an Ethereum address and scattering them across others. It isn't clear how much remains within reach.

The manipulation left Allbridge's pools lopsided, briefly letting other traders buy up the mispriced assets—a "temporary positive arbitrage window," as the team put it. The DeFi platform asked anyone who profited from that window to send the money to a designated address, saying it would "go directly toward compensating affected LPs." Its "goal is to return all affected funds," the team added.

Not the first timeIt's the second time Allbridge has been caught this way. In April 2023, a similar flash-loan exploit drained around $573,000 from its BNB Chain pools; the project later said it recovered most of the funds and reworked how it calculates liquidity and withdrawals. Allbridge raised $2 million in 2022 to expand the bridge and fund security audits.

Bridges and the liquidity pools that feed them have long been among DeFi's most-targeted infrastructure. More than $840 million was lost to DeFi hacks in just the first five months of 2026, with cross-chain systems repeatedly producing some of the largest single losses. Just last month, a bridge between Axelar and Secret Network was drained of $4.67 million after attackers exploited an "infinite mint" bug in a custom token contract.

Allbridge's protocol remains paused, and how much of the $1.65 million can be clawed back will hinge on tracing the bridged funds—and on whether the arbitrage traders it appealed to actually send the money back.

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Prediction market agent platform insiders.bot has officially announced its Token Generation Event (TGE) on the Robinhood Chain. Its token will be named $IN. Insiders.bot is one of Polymarket’s officially authorized trading platforms, and was previously backed by HackQuest and Solana. In addition, the platform has announced partnerships with prediction market-related projects including APRO Oracle and Billioin Live Streaming Platform, and its official roadmap will be launched on the 21st. Official information indicates that insiders.bot is expected to soon complete integrations with prediction market platforms such as Kalshi, World.xyz, Predict.fun, and Limitless.

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Grayscale Staking Payout Proposal Could Reshape Ethereum And Solana Trusts Grayscale is proposing changes that would allow staking rewards from its Ethereum and Solana products to be paid out to investors in cash, a move that could make crypto staking exposure easier to understand for traditional fund holders.

The proposed amendments apply to Grayscale’s Ethereum and Solana trust structures, with cash distributions of staking proceeds expected on a quarterly basis if the changes take effect. The target date identified in the validation materials is around August 7, 2026.

That matters because staking has always been one of the awkward pieces of regulated crypto products.

Ethereum and Solana are both proof-of-stake networks, meaning holders can earn rewards for helping secure the network. But once those assets sit inside trust or ETF-style products, the question becomes more complicated: who earns the staking rewards, how are they handled, and can investors receive them without breaking the structure of the product?

Grayscale’s proposal is an attempt to answer that question in a more investor-friendly way.

TL;DR Grayscale has proposed staking reward cash payouts for Ethereum and Solana products. The plan would distribute staking proceeds quarterly if implemented. The change could make ETH and SOL trust products more attractive, but payouts are not guaranteed. Why Staking Rewards Matter Staking is not a side feature for Ethereum or Solana. It is part of how the networks operate.

Validators lock tokens, participate in consensus, and earn rewards for helping secure the chain. For direct holders, staking can be a way to generate native yield. For institutional products, the situation is more complicated.

A trust or ETF-like vehicle may hold ETH or SOL on behalf of investors, but that does not automatically mean investors receive staking rewards. Custody rules, tax treatment, product documents, liquidity needs, and regulatory expectations all affect what a sponsor can do.

That is why Grayscale’s proposed change is important.

If staking proceeds can be distributed in cash, investors may get a cleaner way to benefit from network rewards without needing to manage validators, wallets, slashing risk, or direct staking operations themselves.

That could make the products easier to explain to advisers and institutions.

Instead of saying the fund holds a proof-of-stake asset but does not pass through staking economics, the structure could offer a more visible link between the underlying asset and its yield potential.

Ethereum And Solana Are Different Staking Stories The proposal also matters because Ethereum and Solana do not carry identical staking narratives.

Ethereum is the deeper institutional asset, with larger validator infrastructure, more established custody integrations, and a broader ETF conversation. Solana is faster-moving, more retail-heavy, and often trades as a high-beta layer-1 asset with strong ecosystem activity.

Both networks offer staking rewards, but investors may interpret those rewards differently.

For Ethereum, staking payouts could strengthen the argument that ETH is not just a price-exposure asset but also a productive network asset. That has been central to the institutional case for ETH for years.

For Solana, staking payouts could make regulated exposure more competitive by showing that SOL products can also capture network-level economics. If traditional investors are looking at Solana as a major layer-1 allocation, staking distributions may make the product structure more appealing.

Still, the details matter.

Cash payouts depend on actual rewards, expenses, timing, and product terms. They should not be treated as fixed-income payments or guaranteed dividends.

The Regulatory Angle Is The Real Test The staking debate has always had a regulatory shadow.

US regulators have spent years scrutinizing staking services, especially when they involve intermediaries pooling assets or offering yield-like products. For fund sponsors, the challenge is to capture staking rewards without creating a product structure that regulators view as problematic.

That is why formal amendments matter.

Grayscale is not simply adding staking casually. It is proposing changes through product documents and SEC-facing processes. That gives investors a clearer paper trail and gives regulators a chance to assess the structure.

If approved or allowed to proceed, the move could influence how other crypto product sponsors think about staking.

Ethereum and Solana products that pass through rewards could become more attractive than products that simply hold the asset without capturing yield. That may create pressure across the market for staking-enabled structures.

But the outcome is not automatic.

The proposal still depends on implementation, product approvals, operational execution, and whether the final terms are acceptable to regulators and investors.

Payouts Are Useful, But Not Guaranteed Investors should treat the proposal carefully.

Quarterly cash distributions sound appealing, but staking rewards vary. Network reward rates can change. Validator performance matters. Fees and expenses reduce proceeds. Tax treatment can affect what is distributed and when.

There is also slashing and operational risk, even if professional custodians and validators reduce that risk.

So the correct framing is not that Grayscale is creating a guaranteed yield product. It is that the firm is trying to pass through staking economics in a regulated wrapper.

That is still significant.

Crypto investment products are becoming more sophisticated. The first generation focused on access: can investors get exposure to Bitcoin, Ethereum, or Solana through familiar channels? The next generation is about whether those products can reflect more of the underlying network economics.

Grayscale’s proposal sits inside that second phase.

If it works, staking-enabled crypto products could become a larger part of institutional portfolios. If it runs into regulatory or operational friction, the market will learn where the limits are.

Either way, the proposal shows that staking is moving deeper into the regulated investment-product conversation.

This article is based on Grayscale SEC filing materials.

This article was written by the News Desk and edited by Samuel Rae.

rwa.xyz just launched a dedicated dashboard for tracking tokenized public equities and ETFs at app.rwa.xyz/stocks. The platform tracks 2,613 individual tokenized stocks with filtering by market share, transfer volumes, holder counts, and various chart types. The chain dominating this space isn’t Ethereum or Base. It’s Solana, processing roughly 95% of all on-chain tokenized equity volume.

The numbers behind Solana’s tokenized stock dominance Cumulative tokenized stock transaction volume on Solana exceeded $10 billion by June 2026. The first half of 2026 alone accounted for $4.9 billion, a sixfold increase from the previous half-year period.

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According to the rwa.xyz dashboard, the total distributed value of tokenized stocks currently sits at $1.85 billion, up 14.39% in just 30 days. Monthly transfer volumes reached $8.28 billion, marking a 52.87% jump. The dashboard reports 538,740 holders of tokenized stocks with approximately 120,000 monthly active addresses.

Who’s building on top of Solana’s rails Two platforms have emerged as the heavyweights in this space. Ondo leads with over 406 tokenized assets carrying a combined valuation of $851 million. xStocks follows with 183 assets valued at $481.6 million.

Backpack Securities introduced tokenized SpaceX shares on the company’s IPO day. The listing generated $108 million in transaction volume within 24 hours.

Solana’s broader RWA ambitions Solana’s total RWA value crossed $3 billion for the first time in June 2026, a milestone that encompasses tokenized treasuries, private credit, and other traditional financial instruments brought on-chain.

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