DULUTH, Ga.--(BUSINESS WIRE)--Codoxo, the leading provider of AI and generative AI-powered healthcare payment integrity solutions, raised $35M in Series C funding, led by CVS Health Ventures. Echo Health Ventures joins the round as a new investor, with continued investment from existing investors including Sands Capital, 111 West Capital, Brewer Lane Ventures, Wipro Ventures, 450 Ventures (venture arm of Blue Cross and Blue Shield of Alabama) and QED Investors. This milestone brings Codoxo's to. ...

Core Insights - Cathay General Bancorp shows steady balance sheet growth with deposits of $20.52 billion (up 2.6%) and loans of $20.10 billion (up 1.6%), alongside a ROE of 10.6% and a net interest margin of 3.31% [1] - Non-accrual loans increased to 0.84% of total loans, primarily due to a single $38 million relationship, but the bank maintains strong collateral coverage with an average loan-to-value ratio of 49% [2] - The bank's payout ratio is at 7.9% of earnings, allowing for significant dividend growth potential, with a $125 million buyback program in place [3][4] Financial Performance - Cathay reported Q3 net income of $77.7 million despite missing earnings estimates, with a market cap of $3.48 billion [4] - The bank recorded a $14.5 million provision for credit losses in Q3, raising the reserve-to-loan ratio to 0.85% [2] - The bank's efficiency ratio stands at 59.76% and Tier 1 capital at 13.15% [12] Dividend and Share Repurchase Strategy - Management plans to continue repurchasing approximately $35 million per quarter through Q1 2025, having repurchased $50.1 million in stock at an average cost of $42 per share during Q3 [3] - The bank's conservative payout ratio and management's decision to resume dividend growth signal confidence in sustained profitability [13] Market Position - Cathay General Bancorp offers the lowest yield at 0.67%, reflecting exceptional financial discipline [4] - The bank's strong operational metrics and conservative payout policies position it favorably among regional banks [4][12]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Charles Schwab, the country’s largest custodian to registered investment advisors, has made its client referral program to advisors a little more selective as part of an overall effort to “modernize” a program it first set up in 2002. In an SEC filing dated Dec. 11, the Westlake, Texas-based firm stated that those in its Schwab Advisor Network would need to have assets under management of at le ...

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ABM Industries (ABM) came out with quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $1.1 per share. This compares to earnings of $0.9 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.00%. A quarter ago, it was expected that this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports would post earnings of $0.95 per share when it actually produced ea ...

In this articleJPMA projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025.Alex Kraus/Bloomberg via Getty ImagesInvestors are gearing up for the last interest-rate decisions of 2025, with four of Europe's central banks announcing their monetary policies and macroeconomic outlooks on Thursday.The European Central Bank, Bank of England, Riksbank, and Norges Bank are all meet ...

Since early 2022, just before widespread AI-hype, U.S. job-openings as measured by the Bureau of Labor Statistics have fallen from roughly 12.1 million to about 7.7 million, a decline of approximately 36%. Over the same period, the S&P 500’s total return (price plus dividends) is roughly 48%, reflecting strong equity markets. Conventional wisdom would tell you a booming stock market should create more jobs, not fewer. But it’s hard to ignore that there are larger forces at play, and a potential harbinger ...

Darden Restaurants, Inc. (NYSE:DRI) will release earnings results for its second quarter before the opening bell on Thursday, Dec. 18.Analysts expect the Orlando, Florida-based company to report quarterly earnings at $2.1 per share, up from $2.03 per share in the year-ago period. The consensus estimate for Darden's quarterly revenue is $3.07 billion, compared to $2.89 billion a year earlier, according to data from Benzinga Pro.On Sept. 18, Darden Restaurants reported worse-than-expected first-quarter financ ...

Darden Restaurants, Inc. (NYSE:DRI) will release earnings results for its second quarter before the opening bell on Thursday, Dec. 18.Analysts expect the Orlando, Florida-based company to report quarterly earnings at $2.1 per share, up from $2.03 per share in the year-ago period. The consensus estimate for Darden's quarterly revenue is $3.07 billion, compared to $2.89 billion a year earlier, according to data from Benzinga Pro.On Sept. 18, Darden Restaurants reported worse-than-expected first-quarter financ ...

Core Viewpoint - The market perceives Oracle (NYSE: ORCL) as potentially being a loser in the growth market, especially when compared to other hyperscalers like Alphabet (NASDAQ: GOOG, GOOGL) and Microsoft (NASDAQ: MSFT) [1] Equity Markets and Bond Markets - Oracle's stock price has recently declined, indicating negative market sentiment [2] - Investors should also monitor the bond market, as hyperscalers are borrowing to invest heavily in AI infrastructure [3] Financial Performance - Oracle is experiencing significant cash outflows due to investments, while Microsoft and Alphabet continue to generate substantial free cash flow despite increased capital spending [4] Bond Market Insights - Bond yields and credit default swaps (CDS) are important indicators of market risk perception [5] - Rising debt costs and CDS spreads for Oracle suggest increased risk compared to Microsoft and Alphabet, which are viewed as financially stronger investments in AI [6] Debt Comparison - Oracle's yield to maturity is significantly higher than that of Alphabet and Microsoft, indicating a greater risk premium required by the bond market [9] - The following yields to maturity for bonds maturing in approximately five years illustrate this disparity: - Alphabet: 4.10% - Microsoft: 3.75% - Oracle: 5.10% [10]