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MVB Financial Corp. Declares First Quarter 2026 Dividend
Businesswire· 2026-02-18 21:45
Core Viewpoint - MVB Financial Corp. has declared a quarterly cash dividend of $0.17 per share [1] Company Summary - The Board of Directors of MVB Financial Corp. made the announcement regarding the dividend [1]
Why U.S. stocks are off to the worst start since 1995*
Youtube· 2026-02-18 21:42
Core Viewpoint - US stocks are experiencing their worst start to the year since 1995, while global markets are performing significantly better, with the rest of the world up approximately 8% since the beginning of the year compared to the US being flat or slightly down [1][2]. Market Performance - The US market is up 11% over the past year, while the rest of the world has seen a rise of roughly 30% [3]. - US stocks are trading at a price-to-earnings premium of about 40% over global counterparts, making them more expensive to hold while performance lags [3]. Sector Concentration - The US market is heavily weighted towards technology, which is causing investors to seek diversification in international equities that are less concentrated in this sector [4]. Geopolitical Factors - Geopolitical risks, including issues related to Greenland, Venezuela, and the Trump administration's tariff regime, are contributing to a significant performance gap between the US and global markets [5]. Investor Sentiment - Investors are beginning to consider reallocating assets abroad, particularly towards regions like Europe, which may offer more upside potential due to their recent underperformance [6][8]. Japan's Investment - Japan is emerging as a favored investment destination, with a recent announcement of a $36 billion investment in the US, primarily in the energy sector, as part of a larger $550 billion trade agreement [9][11]. - This investment includes a significant natural gas plant in Ohio, aligning with Japan's need for energy imports and reducing reliance on China [10][12]. Earnings Growth - The majority of outperformance for non-US markets in 2025 was attributed to multiple expansion rather than earnings growth, highlighting a need for fundamental improvements to sustain this trend [15][16]. - US earnings growth is significantly outpacing that of other regions, indicating that returns from outside the US are largely driven by valuation adjustments rather than earnings [16]. Sector Analysis - There are pockets of strength in sectors such as data center expansion and power in Europe, but overall performance may not be as broad as indicated by multiple expansions [17]. - High-quality companies in sectors like semiconductors and industrials are trading at multiples comparable to their US peers, challenging the narrative of Europe being undervalued [18]. Emerging Markets - Emerging markets, particularly in Asia, such as Korea and Taiwan, are showing exceptional earnings growth and total return potential, leading to a significant overweight in these regions within investment portfolios [20][21].
Main Street Financial Services, Corp. Announces Opening of Full-Service Branch in Canfield, Ohio
Globenewswire· 2026-02-18 21:30
Core Insights - Main Street Financial Services, Corp. is set to open a new full-service banking branch in Canfield, Ohio, enhancing its presence in the region [1][2] - The new branch will support the existing loan production office and provide a comprehensive range of consumer and commercial banking products and services [1][2] - The branch aims to strengthen customer relationships by offering personalized banking solutions tailored to individual and business needs [3] Company Overview - Main Street Bank operates as a wholly owned subsidiary of Main Street Financial Services, Corp., with a total of twenty-one full-service banking locations across north central Ohio and West Virginia [4]
Truist announces redemption of senior notes due March 2027
Prnewswire· 2026-02-18 21:30
Core Viewpoint - Truist Financial Corporation announced the redemption of all $1,250,000,000 principal amount of its fixed-to-floating rate senior notes due March 2, 2027, on the redemption date of March 2, 2026, at 100% of the principal amount plus accrued interest [1]. Group 1: Redemption Details - The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest up to the redemption date [1]. - Interest on the senior notes will cease to accrue on and after the redemption date [1]. - Payment of the redemption price will be made through The Depository Trust Company [1]. Group 2: Company Overview - Truist Financial Corporation is a purpose-driven financial services company headquartered in Charlotte, North Carolina, with total assets of $548 billion as of December 31, 2025 [1]. - The company has a leading market share in many high-growth markets in the U.S. and offers a wide range of products and services, including consumer and small business banking, commercial and corporate banking, investment banking, capital markets, wealth management, payments, and specialized lending [1]. - Truist is recognized as a top-10 commercial bank in the United States [1].
Goldman Sachs CEO David Solomon, once a crypto skeptic, now says he owns Bitcoin
New York Post· 2026-02-18 21:27
Group 1 - Goldman Sachs CEO David Solomon, previously a cryptocurrency skeptic, disclosed owning a small amount of Bitcoin, describing it as "very little, but some" [1] - Solomon emphasized that traditional finance and cryptocurrency should not be viewed as rivals, stating that tokens will be "super important" in the future [2][4] - Under Solomon's leadership, Goldman Sachs has increased its involvement in cryptocurrency by launching trading desks and custody services for institutional clients [2][4] Group 2 - The attitude of Wall Street towards digital currencies has shifted, particularly under the second Trump administration, which has adopted a light-touch approach to crypto regulation [6] - Bitcoin operates without the involvement of banks or governments, allowing for anonymous transactions, which has contributed to its popularity among users seeking privacy [7] - Bitcoin is generated by "miners" who verify transactions through complex mathematical puzzles, receiving Bitcoin as a reward for their efforts [8]
WesBanco Declares Quarterly Cash Common and Preferred Stock Dividends
Prnewswire· 2026-02-18 21:15
Core Viewpoint - WesBanco, Inc. has declared a quarterly cash dividend of $0.38 per share for common stockholders, reflecting a commitment to returning value to shareholders [1] Group 1: Dividend Announcements - The quarterly cash dividend for common stock will be payable on April 1, 2026, to shareholders of record on March 6, 2026, representing an annualized cash dividend rate of $1.52 per share [1] - Additionally, a cash dividend of $0.4609 per depositary share has been declared for the 7.375% Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, to shareholders of record on March 6, 2026 [2] Group 2: Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services provider, offering a range of banking solutions, trust, brokerage, wealth management, and insurance services [3] - The company is headquartered in Wheeling, West Virginia, and has total assets of $27.7 billion, with $7.9 billion in assets under management in Trust and Investment Services [3] - Securities account values, including annuities, amount to $2.5 billion through the company's broker/dealer as of December 31, 2025 [3]
Stock Of The Day: Has The JPMorgan Reversal Started?
Benzinga· 2026-02-18 21:14
JPMorgan Chase & Co. (NYSE:JPM) traded higher on Wednesday, although shares have been in a downtrend so far in 2026. As you can see on the chart, a reversal may have started.The $297 level has been support for JPMorgan since September. Sometimes, an important support or resistance level can retain its importance for a long period of time. This is called ‘market memory', and it's why JP Morgan is the Stock of the Day.Back in September, when JPMorgan fell to $297, it reversed and rallied. When this happened, ...
Surging U.S. tax refunds could save sinking markets
Yahoo Finance· 2026-02-18 21:05
A wave of larger tax refunds is starting to land in U.S. bank accounts. Some strategists believe that cash could find its way into risk assets at a fragile moment for markets. Treasury Secretary Scott Bessent said on Feb. 13, “The average tax refund is 22% higher so far this season.” The larger refunds follow President Donald Trump signing the “One Big Beautiful Bill” into law in July 2025. The legislation extended and expanded several tax cuts, with the White House promoting the 2026 filing season as ...
CNB Bank Joins the Federal Reserve Bank of Philadelphia as a State Member Bank
Globenewswire· 2026-02-18 21:05
Core Viewpoint - CNB Financial Corporation's wholly-owned subsidiary, CNB Bank, has become a state member bank regulated by the Federal Reserve, marking a significant milestone in its strategic growth and enhancing its regulatory framework [1][2]. Group 1: Regulatory Changes - CNB Bank became a state member bank of the Federal Reserve System effective February 12, 2026, while continuing to be regulated by the Pennsylvania Department of Banking and Securities [1]. - The transition to a state member bank is expected to provide a more efficient supervisory process for CNB Bank [2]. Group 2: Company Overview - CNB Financial Corporation has consolidated assets of approximately $8.4 billion and operates primarily through CNB Bank, which offers a full range of banking services [3]. - CNB Bank has a diverse operational structure with 79 offices across Pennsylvania, Ohio, New York, and Virginia, including various divisions such as ERIEBANK, FCBank, and Impressia Bank [3].
Morgan Stanley opened accounts for Epstein trusts as late as 2019
Reuters· 2026-02-18 20:47
Morgan Stanley opened accounts for Jeffrey Epstein's trusts between 2015 and 2019, years after the financier was convicted and registered as a sex offender under a 2008 plea deal, documents released b... ...