Why Epstein Victims Are Going After Banks: JPMorgan, BNY Both Sued
Forbes· 2025-10-15 23:45
ToplineBank of America and Bank of New York “chose profit” over protecting victims of Jeffrey Epstein despite having information on the late convicted sex offender’s sex trafficking operation, two new lawsuits alleged Wednesday, the latest moves made against major banks regarding Epstein’s crimes and what role financial institutions may have played in facilitating or neglecting them.The lawsuits were filed Wednesday. (Photo by MARK RALSTON / AFP) (Photo by MARK RALSTON/AFP via Getty Images)AFP via Getty Ima ...
Max Resource Closes Over-Subscribed Private Placement
Newsfile· 2025-10-15 23:41
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its news release dated October 2, 2025, it has closed an over-subscribed non-brokered private placement of CAD $3,400,000 (the "Offering").The Company has allotted and issued 34,000,000 units (the " Units") at a price of CAD $0.10 per Unit. Each Unit is comprised of one common share and one-half of one transferable w ...
Asia-Pacific markets set to open mixed after Wall Street gains on strong bank earnings
CNBC· 2025-10-15 23:39
South Korea's Kospi index hit a record high Thursday, after the International Monetary Fund raised the country's 2025 growth forecast to 0.9% from 0.8% in its October outlook report.The IMF also raised its growth projection for the global economy, saying the impact of U.S. tariffs was "at the modest end of the range."It cited several reasons for upgrading the forecast including the agility of the private sector, which front-loaded imports in the first half of the year and quickly reorganized supply chains t ...
Deep-Pocketed Investment Advisor Takes a $351 Million Step Back From This Shipping Giant, According to Wall Street Filing
The Motley Fool· 2025-10-15 23:37
Pacer Advisors, Inc. disclosed a significant reduction in its United Parcel Service (UPS 0.05%) holdings, selling 3,884,101 shares for an estimated $351.8 million, according to an SEC filing dated October 15, 2025.What HappenedAccording to a filing with the Securities and Exchange Commission dated October 15, 2025, Pacer Advisors, Inc. sold 3,884,101 shares of United Parcel Service during the quarter. The estimated transaction value, based on the average share price for the quarter, was ~$351.8 million. Fol ...
Synovus (SNV) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2025-10-15 23:31
Core Insights - Synovus Financial reported revenue of $611.06 million for the quarter ended September 2025, reflecting an 8.2% increase year-over-year and a surprise of +0.99% over the Zacks Consensus Estimate of $605.07 million [1] - Earnings per share (EPS) for the quarter was $1.46, up from $1.23 in the same quarter last year, with an EPS surprise of +7.35% compared to the consensus estimate of $1.36 [1] Financial Performance Metrics - Net interest margin (taxable equivalent) was 3.4%, matching the average estimate of five analysts [4] - Efficiency ratio (taxable equivalent) stood at 56.5%, higher than the average estimate of 52.9% based on five analysts [4] - Net charge-offs as a percentage of average loans for the quarter was 0.1%, better than the estimated 0.2% by four analysts [4] - Average balance of total interest-earning assets was $55.51 billion, slightly below the three-analyst average estimate of $56.16 billion [4] - Tier 1 Capital Ratio was reported at 12.3%, exceeding the average estimate of 11.6% from two analysts [4] - Non-performing assets (NPAs) totaled $231.72 million, lower than the estimated $267.34 million by two analysts [4] - Tier 1 Leverage Ratio was 10%, in line with the two-analyst average estimate of 10% [4] - Non-performing loans (NPLs) amounted to $209.33 million, significantly lower than the average estimate of $265.63 million from two analysts [4] - Total non-interest revenue reached $140.7 million, surpassing the five-analyst average estimate of $130.97 million [4] - Net interest income (taxable equivalent) was $476.43 million, slightly below the estimated $479.1 million by four analysts [4] - Net interest income was reported at $474.7 million, marginally above the estimate of $474.54 million by three analysts [4] - Card fees were $19.89 million, slightly below the estimated $20.06 million by two analysts [4] Stock Performance - Synovus shares have returned -5.4% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
SL Green (SLG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-10-15 23:31
Core Insights - SL Green reported revenue of $149.67 million for the quarter ended September 2025, reflecting a 7.2% increase year-over-year and a slight surprise of +0.04% over the Zacks Consensus Estimate of $149.62 million [1] - The company's EPS for the quarter was $1.58, a significant improvement from -$0.21 in the same quarter last year, resulting in an EPS surprise of +17.91% compared to the consensus estimate of $1.34 [1] Revenue Breakdown - Investment income was reported at $4.36 million, which is a decrease of 18.5% compared to the year-ago quarter and below the average estimate of $7.54 million from four analysts [4] - Rental revenue, including escalation and reimbursement revenues, amounted to $168.54 million, exceeding the average estimate of $167.09 million and representing a year-over-year increase of 7.4% [4] - Other income reached $28.2 million, surpassing the average estimate of $25.2 million and showing a year-over-year growth of 7.6% [4] - SUMMIT Operator revenue was reported at $32.88 million, which is a decline of 9.8% year-over-year and below the average estimate of $37.03 million from three analysts [4] Stock Performance - Over the past month, SL Green's shares have returned -14.7%, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Lomiko Metals Announces Closing of the Oversubscribed Second Tranche of the Hard Dollar Financing
Businesswire· 2025-10-15 23:30
"Company†) announces that it will apply to the TSX Venture Exchange ("TSXV†) for approval to close the second tranche of the hard dollar financing of $195,000. The financing was initially announced on September 29, 2025. The Company anticipates issuing 1,950,000 common shares at $0.10, along with a half warrant exercisable for three years at $0.15 for gross proceeds of $195,000. The financing has been oversubscribed by. MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko†or the ...
5 Singapore REITs That Raised Their DPUs
The Smart Investor· 2025-10-15 23:30
Singapore REITs faced headwinds for most of the first half of 2025, with pressure from elevated high interest rates, which raised financing costs and weighed on valuations. Yet, five REITs managed to deliver higher distributions per unit (DPUs), demonstrating resilient portfolio management and strong operational fundamentals. Here’s how these five REITs rewarded investors even in a challenging macroeconomic environment.CapitaLand Integrated Commercial Trust (CICT, SGX: C38U)CapitaLand Integrated Commercial ...
Stock market today: Dow, S&P 500, Nasdaq futures rise as TSMC's stellar earnings eclipse trade-war jitters
Yahoo Finance· 2025-10-15 23:26
US stock futures rose on Thursday as chip giant TSMC's stellar earnings buoyed AI hopes, taking minds off fears of a prolonged US-China trade war stoked by President Trump. Nasdaq 100 futures (NQ=F) moved up 0.6%, while those on the S&P 500 (ES=F) put on roughly 0.5%, as Nvidia (NVDA) and other AI-related stocks floated higher in TSMC's slipstream. Contracts on the Dow Jones Industrial Average futures (YM=F), which include fewer tech stocks, added 0.3%. TSMC (Taiwan Semiconductor Manufacturing Company) ...
Home BancShares (HOMB) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-10-15 23:26
Core Viewpoint - Home BancShares reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.60 per share, and showing an increase from $0.50 per share a year ago, indicating a positive earnings surprise of +1.67% [1] Financial Performance - The company achieved revenues of $277.67 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.68% and up from $258 million year-over-year [2] - Over the last four quarters, Home BancShares has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - Home BancShares shares have increased by approximately 0.1% since the beginning of the year, in contrast to the S&P 500's gain of 13% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $271.73 million, while for the current fiscal year, the estimate is $2.34 on revenues of $1.07 billion [7] - The estimate revisions trend for Home BancShares was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Southeast industry, to which Home BancShares belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - HomeTrust Bancshares, another company in the same industry, is expected to report quarterly earnings of $0.88 per share, reflecting a year-over-year increase of +15.8% [9]