These are the stocks posting the largest moves in midday trading.
by 40% to $104.5 billion during the first quarter, which came below Wall Street's expectations. Trading was briefly paused Tuesday afternoon. The San Francisco-based bank said that its deposit flows have since stabilized. Shares have tumbled about 90% year to date.— The global payments processor's shares jumped 3.6%. Fiserv's first-quarter earnings per share and revenue topped analysts' estimates, according to FactSet.
posted $3.14 in adjusted earnings per share, topping FactSet analysts' estimates of $3. However, the company's $592.2 million quarterly revenue fell below the $593.9 million anticipated by Wall Street.
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First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarterThe lender said things have stabilized since last month's banking emergency, but it will still reduce headcount by 20% to 25% in the second quarter.
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Stocks making the biggest moves midday: Fox, Albemarle, First Republic and moreFox's Class A and B shares were each down almost 4% on news that host Tucker Carlson has left the network, days after Fox News settled its defamation lawsuit.
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Stocks making the biggest moves premarket: Novartis, First Republic, 3M and more3M said it would cut about 6,000 positions to focus on high-growth markets, such as automotive electrification and home improvement.
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U.S. stocks open lower as investors digest First Republic earnings, wait for Big Tech resultsU.S. stocks opened lower Tuesday as investors weigh First Republic Bank’s quarterly results and wait for Big Tech earnings to be released after the market’s...
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First Republic Bank’s Financial Ratios Will Reveal Serious TroubleFirst Republic Bank is in trouble, and all market participants await today's earnings to learn the extent of the bank's challenges. the stock is down 87% since the regional banking turmoil began in March.
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First Republic Bank slashing up to a quarter of its workforceThe bank expects to cut its workforce by 20-25%, the embattled lender said Monday.
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