Core Insights - Veris Residential (VRE) reported revenue of $67.76 million for Q1 2025, a year-over-year increase of 0.6% [1] - The EPS for the same period was $0.16, compared to -$0.06 a year ago, indicating a significant improvement [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $68.51 million, resulting in a surprise of -1.09% [1] - The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.13 [1] Financial Performance Metrics - Other income was reported at $1.32 million, which is -34.8% year-over-year and below the average estimate of $1.55 million [4] - Management fees were reported at $0.72 million, representing a year-over-year decline of -22.1% and below the average estimate of $0.88 million [4] - Net Earnings Per Share (Diluted) was -$0.12, slightly worse than the estimated -$0.11 [4] Stock Performance - Over the past month, shares of Veris have returned -2.9%, while the Zacks S&P 500 composite experienced a -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Boeing reported $19.5 billion in revenue for Q1 2025, a 17.7% year-over-year increase, with an EPS of -$0.49 compared to -$1.13 a year ago, exceeding revenue estimates by 1.08% and EPS estimates by 68.18% [1] Financial Performance - Boeing's total deliveries reached 130, surpassing the average estimate of 115, with specific deliveries for Commercial Airplanes: 737 at 105 (vs. 92 estimate), 787 at 13 (vs. 13 estimate), 767 at 5 (vs. 5 estimate), and 777 at 7 (vs. 7 estimate) [4] - Revenue from Commercial Airplanes was $8.15 billion, exceeding the average estimate of $7.46 billion, reflecting a year-over-year increase of 75.1% [4] - Global Services revenue was $5.06 billion, slightly below the $5.35 billion estimate, showing a 0.4% year-over-year change [4] - Defense, Space & Security revenue was $6.30 billion, below the $6.53 billion estimate, representing a 9.4% year-over-year decline [4] Operational Metrics - Earnings from operations in Commercial Airplanes were -$537 million, better than the average estimate of -$645.91 million [4] - Earnings from operations in Defense, Space & Security were $155 million, significantly better than the average estimate of -$267.80 million [4] - Earnings from operations in Global Services were $943 million, below the average estimate of $1.08 billion [4] Stock Performance - Boeing shares have returned -11% over the past month, compared to the S&P 500 composite's -6.6% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]

Core Insights - Peapack-Gladstone (PGC) reported revenue of $64.36 million for Q1 2025, a year-over-year increase of 21.3% [1] - The EPS for the same period was $0.43, down from $0.48 a year ago, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $63.49 million by 1.37%, while the EPS fell short of the consensus estimate of $0.51 by 15.69% [1] Financial Performance Metrics - The net interest margin was reported at 2.7%, surpassing the estimated 2.5% by analysts [4] - The efficiency ratio was 76.8%, slightly higher than the estimated 76.4% [4] - Total non-interest income was $18.85 million, below the average estimate of $19.40 million [4] Stock Performance - Peapack-Gladstone shares have returned -12.6% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Old National Bancorp (ONB) reported $486.8 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 10.6%. EPS of $0.45 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $478.3 million, representing a surprise of +1.78%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Core Insights - Community West Bancshares (CWBC) reported a revenue of $34.79 million for the quarter ended March 2025, reflecting a 68% increase year-over-year, although it fell short of the Zacks Consensus Estimate of $35.16 million by 1.03% [1] - The earnings per share (EPS) for the quarter was $0.45, up from $0.31 in the same quarter last year, but below the consensus estimate of $0.47, resulting in an EPS surprise of -4.26% [1] Financial Performance Metrics - Net Interest Margin was reported at 4%, matching the average estimate of three analysts [4] - Efficiency Ratio stood at 67.5%, higher than the average estimate of 64.1% from three analysts [4] - Total Nonaccrual Loans amounted to $6.94 million, exceeding the average estimate of $6.70 million from two analysts [4] - Net Charge-Offs as a percentage of Average Loans were reported at 0%, slightly better than the average estimate of 0.1% from two analysts [4] - Total Nonperforming Assets were $6.94 million, compared to the average estimate of $6.70 million based on two analysts [4] - Average Interest-Earning Assets were $3.26 billion, slightly below the average estimate of $3.28 billion from two analysts [4] - Total Non-Interest Income was reported at $2.61 million, lower than the average estimate of $2.89 million from three analysts [4] - Net Interest Income was $32.18 million, marginally below the average estimate of $32.27 million from three analysts [4] Stock Performance - Over the past month, shares of Community West Bancshares have returned -10.9%, compared to a -5.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

以下文章来源于申万宏源证券上海分公司 ，作者杨敏 摘要： 下周市场大概率以震荡小幅攀升为主，但热点依然轮动快，操作难度较高，真正的击球点还是要等待三个不确定因素的落地。 ------------------------ 申万宏源证券上海分公司 . 申万宏源证券上海分公司官微，能为您提供账户开立、软件下载、研究所及投顾资讯等综合服务，为您的财富保驾护航。 近期市场呈现指数缩量攀升，热点轮动较快的特征，同时，每天尾盘前 ETF 的拉升也让大家担心如果无形之手不再参与，短期调整的风 险。 先说总体判断，趋势向好，等待三个因素的落地。 为什么说趋势向好？ 一方面，这次清明节和去年国庆节的市场走势，是一个情绪上的镜像关系。去年国庆长假积累的乐观情绪在节后开盘第一天集中爆发，打 出短期高点，这次清明节中的悲观情绪在节后第一天集中宣泄，打出 4 月 7 日 3040 的低点。而清明节和国庆节之后，市场都走了一波反 向趋势。 另外，美股在前期已经快速修复了关税问题打出的缺口，我们 A 股的主要指数距离回补缺口还有一段距离，只有少部分宽基回补了缺口。 但无论从绝对估值、估值分位，还是大幅调整后两边的政策力度，目前 A 股的性价 ...

| 城商行 | 营业收入(亿) | 同比(%) | 归母净利润(亿) | 同比(%) | | --- | --- | --- | --- | --- | | 江苏银行 | 808.2 | 8.8 | 318.4 | 10.8 | | 宁波银行 | 666.3 | 8.2 | 271.3 | 6.2 | | 下通银行 | 529.9 | 4.8 | 235.6 | 4.5 | | 南京银行 | 502.7 | 11.3 | 201.8 | 9.1 | | 杭州银行 | 383.8 | 9.6 | 169.8 | 18.1 | | 长沙银行 | 259.4 | 4.6 | 79.8 | 6.9 | | 成都银行 | 229.8 | 5.9 | 128.6 | 10.2 | | 重庆银行 | 136.8 | 3.5 | 51.2 | 3.8 | | 城商行 | 资产总计(亿) | 同比 | 不良率(%) | 同比(自分点) | 拔音漫盖率(% | 同比(百分点) | | --- | --- | --- | --- | --- | --- | --- | | 江苏银行 | 39518.1 | 16.1% | 0.89 ...

一、业绩依旧高增长，经营超越股份行 在 主要银行 2024 年营业收入和净利润或负增长或增速也不高于 5% 的大环境下，宁波银行收入和 归母净利润都仍基本保持较高速度增长。 2024 年宁波银行总资产和营业收入接近同在浙江但作为 全国性股份行 的浙商银行，而归母净利润 更是几乎为浙商银行的 2 倍（ 2024 年末浙商银行总资产为 3.33 万亿元， 2024 年营业收入和归母净利 润分别为 676.50 亿元和 151.86 亿元） 。 一家经营主要集中在浙江地区的城市商业银行不断接近并超越全国性股份行的业绩，宁波银行的确 实 NB 。 与部分银行 2024 年依靠金融投资等非传统业务维持营业收入增长不同，宁波银行收入增长专注于 做为营业主业的利息净收入。 2024 年末，宁波银行总资产达到 3.13 万亿元 ，同比增长 15.25% ；当年实现营业收入 666.31 亿元 ，同比增长 8.19% ；当年实现归母净利润 271.27 亿元 ，同比增长 6.23% 。 2024 年末，宁波银行不良贷款率仅为 0.76% ，拨备覆盖率达到 389.35% ，不良率与 2023 年末维 持稳定，拨备覆盖率虽有降低 ...

具体到收入结构方面，利息净收入和手续费及佣金净收入均同比下降。 投资收益、公允价值变动收益和汇总净 收益成为 2024 年收入和净利润增长的主动力 。 2024 年浙商银行 利息净收入为 451.57 亿元，同比下降 23.71 亿元 ；在贷款总额增加 1401.47 亿元的背景下，利 息净收入仍下降，表明利率收窄对收入的负增长远超过规模扩张带来的收入正增长。 2024 年浙商银行净息差为 1.71% ，较 2023 年下降 30 个 BP ，净息差下降幅度较大。 而投资收益、公允价值变动收益和汇兑收益则主要来自交易性金融资产业务收益。投资业务是收入和利润增长的 关键因子。 一、传统业务收益均下降，投资业务成关键 截至 2024 年末浙商银行总资产达到 3.33 万亿元 ，较 2023 年末增长 5.78% 。 2024 年实现营业收入 676.50 亿元 ，同比增长 6.19% ；当年实现归母净利润 151.86 亿元 ，同比增长 0.92% 。 营收和净利润保持双增长，但净利润增速不高。 浙商银行 个人贷款不良率相对较高，公司贷款不良率持续下降 。 2024 年末，浙商银行个人贷款不良率为 1.78% ， ...

Core Insights - Commerce Bancshares (CBSH) reported revenue of $428.05 million for Q1 2025, a year-over-year increase of 7.6% and a surprise of +2.91% over the Zacks Consensus Estimate of $415.93 million [1] - The EPS for the same period was $0.98, compared to $0.86 a year ago, with an EPS surprise of +5.38% over the consensus estimate of $0.93 [1] Financial Performance Metrics - Efficiency Ratio was reported at 55.6%, better than the five-analyst average estimate of 58.3% [4] - Net Interest Margin was 3.6%, slightly above the five-analyst average estimate of 3.5% [4] - Book value per share was $26.19, exceeding the average estimate of $25.34 from four analysts [4] - Average total interest earning assets were $30.90 billion, higher than the estimated $30.24 billion by four analysts [4] - Annualized net loan charge-offs to total average loans were 0.3%, matching the four-analyst average estimate [4] - Tier I Leverage Ratio was 12.3%, slightly below the three-analyst average estimate of 12.4% [4] - Non-accrual loans amounted to $22.60 million, exceeding the two-analyst average estimate of $19.15 million [4] - Total Non-Interest Income was $158.95 million, surpassing the estimated $154.31 million by five analysts [4] - Fully-taxable equivalent net interest income was $271.42 million, above the estimate of $262.38 million by five analysts [4] - Trust fees were reported at $56.59 million, compared to the average estimate of $56.05 million from four analysts [4] - Bank card transaction fees were $45.59 million, slightly below the average estimate of $46.74 million from four analysts [4] - Deposit account charges and other fees were $26.62 million, exceeding the average estimate of $24.87 million from four analysts [4] Stock Performance - Shares of Commerce have returned -5% over the past month, compared to the Zacks S&P 500 composite's -4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]