Posted on 4/16/20
Bank of America Misses Q1 Earnings Estimates
Bank of America's (NYSE:BAC) earnings per share tumbled 43% in the first quarter, missing analysts' estimates. The hit is due to a larger-than-expected increase in credit . . .
Posted on 4/16/20
Bank Stocks Are Falling After Bank of America Posts 40% Profit Drop
What happened? Shares of Bank of America are down more than 6% today, following first-quarter earnings that fell 42% after the bank took much larger-than-expected credit . . .
Posted on 4/13/20
Bank Of America Will Survive The COVID-19 Pandemic Crash
SummaryBank of America's stock price corrects with 50% following COVID-19 fears.The impact of lower interest rates will be limited for Bank of America.Current valuation multiples create . . .
Posted on 4/8/20
States Where People Need Loans the Most Due to Coronavirus Pandemic – WalletHub Study
The coronavirus pandemic has deeply disrupted the U.S. economy, which in turn has hurt the incomes of many Americans. Businesses have been forced to lay off . . .
Posted on 4/6/20
Bank of America Says Looming Recession Will be Deepest on Record
Although more than 10 million U.S. workers have applied for unemployment over the last two weeks, the situation is likely going to get a lot worse.Bank . . .
Posted on 3/25/20
2020’s Cities with the Most Overleveraged Mortgage Debtors – WalletHub Study
Buying a home represents an important milestone for most consumers. But for those who dive in to the deep end of real estate without a financial . . .
Posted on 3/25/20
Keona Health Announces Investment from Riverside Acceleration Capital
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Keona Health Inc., the Contact Center and Patient Access Platform of choice, today announced it has closed a funding round with Riverside Acceleration . . .
Posted on 3/20/20
Bank of America Warns a Recession Has Already Hit
In a note on Thursday, economists with Bank of America (NYSE:BAC) said that a recession has already hit. "We believe that the U.S. economy has fallen . . .
Posted on 3/18/20
19 LPL Financial Advisors Ranked On Barron’s List Of Top Financial Advisors In America
CHARLOTTE, N.C., March 18, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm (RIA) and independent broker-dealer, recognizes 19 affiliated financial advisors . . .
Posted on 3/17/20
Fluree Secures Seed Investment From Engage
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Fluree, a North Carolina-headquartered startup that provides a data-first technology stack, today announced a seed extension round of funding with participation from Engage.The investment . . .
Posted on 3/16/20
Emergency Fed Rate Cut Commentary by WalletHub CEO
The Federal Reserve yesterday announced an emergency interest-rate cut of 1 percentage point, bringing the Fed’s target rate nearly to zero for the first time since . . .
Posted on 3/3/20
SC&H Capital Orchestrates Quick Save for Distressed Modular Homes Manufacturer
Cardinal Homes, a made-to-order, modular building component manufacturer, invested heavily in production equipment upgrades and renovations to streamline productivity – right before the 2008 housing bubble . . .
Posted on 2/19/20
How Does a Financially Constrained Hospital Continue to Grow and Provide Services for the Vulnerable Population it Serves? SC&H Capital Finds a Solution
Howard University Medical School’s affiliated hospital, Howard University Hospital, has played critical roles in the ongoing 150-year mission to train the largest cohort of Black physicians . . .
Posted on 1/29/20
T. Rowe Price Group Reports Fourth Quarter And Full Year 2019 Results
BALTIMORE (January 29, 2020) - T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its results for the fourth quarter and full year 2019.Assets under management . . .
Posted on 1/21/20
Bank Of America Flexing Its Muscles As A Consumer Banking Titan
SummaryThe strong get stronger, as Bank of America posts a healthy fourth quarter, though the beat wasn't so impressive at the pre-provision line.Management continues to leverage . . .
Posted on 1/14/20
Melvin Capital Takes Stake in Advance Auto Parts
Advance Auto Parts (AAP +1.9%) trades higher after Melvin Capital Management discloses a stake of about 5.3%.The stake makes Melvin Capital the fifth-largest Advance Auto Parts . . .
Posted on 1/9/20
NovaQuest Closes Growth Investment in InformedDNA
RALEIGH, N.C.--(BUSINESS WIRE)--NovaQuest Capital Management, L.L.C., a healthcare and life sciences focused private investment firm, today announced the successful close of an investment in InformedDNA, the . . .
Posted on 1/8/20
Why Shares of Bank of America Soared 43% in 2019
What happenedShares of Bank of America (NYSE:BAC) gained 42.9% in 2019, according to data provided by S&P Global Market Intelligence, easily outpacing the S&P 500 index's . . .
Posted on 1/6/20
Bank Of America: Stick With This Bank In 2020
SummaryBank of America's stock outperformed the broader market by a wide margin in 2019.The investment community is concerned about how the interest rate environment will negatively . . .
Posted on 1/2/20
First Citizens Bank Completes Merger With Entegra Financial Corp., Entegra Bank
First-Citizens Bank & Trust Company (First Citizens Bank) announced that its acquisition of Entegra Financial Corp. (Entegra) was effective yesterday (Dec. 31).
Posted on 12/23/19
Qorvo Closes Additional $200M Senior Notes Offering
GREENSBORO, N.C., Dec. 20, 2019 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced the completion . . .
Posted on 12/20/19
Capitala Group Announces Investment in Chief Fire
CHARLOTTE, N.C., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Capitala Group, a provider of capital to lower middle market companies, is pleased to announce that it has . . .
Posted on 12/19/19
Here's How Much Warren Buffett Has Made on Bank of America
Famed investor Warren Buffett hasn't been shy about his love for bank stocks in recent years. As a value investor, Buffett has probably been drawn to . . .
Posted on 12/16/19
H.I.G. Growth Partners Invests in Passport Labs
BOSTON--(BUSINESS WIRE)--H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that it has invested in the Series D growth . . .
Posted on 12/16/19
Will Bank of America Raise Its Dividend in 2020?
Even after more than a decade, investors remember all too well how scary the financial crisis was. Huge banks like Bank of America (NYSE:BAC) found themselves . . .
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