monday.com Ltd. (NASDAQ:MNDY) is one of the AI Stocks Making Big Moves on Wall Street. On September 18, KeyBanc analyst Jackson Ader reiterated an Overweight rating on the stock with a $330.00 price target. The rating reiteration follows the company’s investor day at its Elevate Conference in New York. The firm discussed how Monday.com set a 2027 revenue target of $1.8B, below prior expectations. This is why it is lowering its revenue estimates for the next couple of years. However, the target doesn’t inc ...

RT BNB Chain Developers (@BNBChainDevs)Meet the latest batch of #BNBHack winners! 🏆BNB Hack is an ongoing builder initiative for standout Web3 projects across AI, DeSoc, DePIN & DeSci tracks on BNB Chain.As of today, we have seen over:• 250+ submissions• 60 honourable mentions (Prize 4)• 9 winners (Prize 2 & 3)In the latest round, we received over 48 submissions, including the ones from #BNBHackBombay. Here’s a look at the Sep 10 winner batch 👇AI Track🔶 ProtectedPay: Stress-free BNB transfers with refund op ...

Financial Data and Key Metrics Changes - For the second quarter, the company reported net income of approximately $8.4 million, or $0.34 per share, which included a pretax gain of $7.5 million [4][5] - The effective cost of deposits was $2.89, which is 32% lower than the same quarter a year ago [7] - Core net interest margin (NIM) was 3.15%, up from 3.13% in the previous quarter and 280 basis points from a year ago [21] - Non-interest income increased to $10.6 million from $8.5 million in the previous quarter [23] Business Line Data and Key Metrics Changes - The core bank remains nearly 70% of the total balance sheet, with a return on assets (ROA) of approximately $138 million supported by low-cost deposits [11] - Premise Mortgage closed $323 million in the quarter, up about 52% from the same quarter in 2024 [12] - Panacea Financial grew to over $500 million in outstanding credit, focusing on deposit growth [14] Market Data and Key Metrics Changes - Non-interest bearing deposits increased by $22 million or 19% annualized in the quarter [21] - The company experienced a 12% annualized increase in gross loans held for investment from March 31 to June 30 [20] Company Strategy and Development Direction - The company is focused on organic growth and has not engaged in mergers and acquisitions since 2017 [9] - The strategy includes maintaining low operating expenses while leveraging digital platforms to enhance deposit growth [8][10] - The company aims to achieve a 1% ROA goal by 2026, with expectations of growing pre-tax, pre-provision earnings to over $13 million [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning and ability to generate attractive earnings in the coming quarters [26] - The company does not foresee any negative influences that would cause earnings pressure [16] - Management indicated that the second quarter was the last quarter to bear significant noise due to the consumer program [25] Other Important Information - The company has negotiated a solution with its core provider that will save approximately $300,000 per month starting in August [8] - The company is in the early stages of ramping up its SBA lending activities, with gains of $210,000 recorded in the second quarter [24] Q&A Session Summary Question: Loan growth expectations for the back half of the year and overall 2026 - Management expects Mortgage Warehouse to average between $250 million to $350 million next year, with Panacea potentially reaching $100 million to $150 million on the balance sheet [31][34] Question: Anticipated improvement or compression in core NIM - Management expects core NIM to creep up to the mid-320s by the end of the year, assuming no rate cuts [39] Question: Growth in core bank deposits and loans - Management believes the core bank will outgrow digital deposits, with a focus on low-cost deposit growth [43] Question: Impact of interest rates on mortgage volume - Management indicated that mortgage volume could increase significantly if interest rates drop into the low sixes [47] Question: Expectations for charge-offs - Management does not anticipate a significant decrease in net charge-offs, as they are already at industry levels [49] Question: Appropriate growth rate for core expenses - Management aims to reduce core expenses to around $18 million, with expected normal inflation of 3% to 4% thereafter [53][55]