News
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PRESS DIGEST-Canada - January 30
Jan 30 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Canadian Prime Minister Mark Carney said he would not negotiate publicly over closer trade alignment with the Unite...Reuters
Fri, Jan 30
CBB Bancorp reports steady Q4 net income at $4.5 mln
OverviewCommercial bank's Q4 net income stable at $4.5 mln, EPS slightly down from prior qtrCompany's total assets exceeded $2 bln for the first timeDeposits increased by $41.1 mln, or 2.5%, quarter-over-quarterOutlookCompany did not provide specific financial guidance for future quarters or...Reuters
Fri, Jan 30
Janus Henderson beats Q4 revenue and EPS estimates on strong investment performance
OverviewGlobal asset manager's Q4 revenue beat analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany suspends regular quarterly dividend due to proposed mergerOutlookJanus Henderson plans to invest more in brand, technology, and talentCompany suspends regular dividend payment ...Reuters
Fri, Jan 30
Ledyard Financial Q4 net income rises 47% yr/yr
OverviewCommunity bank's Q4 net income rose 47% yr/yr, driven by loan growthQ4 EPS increased 28% from prior quarter, reflecting core business expansionWealth management revenue grew 33% yr/yr, driven by favorable market conditionsOutlookCompany anticipates improved cost of funds if interest rate...Reuters
Fri, Jan 30
India government sets deadline for financial bids for IDBI, sources say
By Gopika Gopakumar and Nikunj Ohri MUMBAI, Jan 30 (Reuters) - India's federal government has set a February 5 deadline for financial bids for IDBI Bank IDBI.NS as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter. The deadline ...Reuters
Fri, Jan 30
Moderna CMO Jacqueline Miller to step down
Jan 30 (Reuters) - Moderna's MRNA.O Chief Medical Officer Jacqueline Miller, who led the development of the company's mRNA-based COVID-19 vaccine Spikevax, will step down effective March 2, the vaccine maker said on Friday. Miller joined Moderna in 2020 as the therapeutic area head for infe...Reuters
Fri, Jan 30
Franklin Templeton's profit rises as market rally boosts income from fees
Jan 30 (Reuters) - Investment manager Franklin Resources BEN.N, better known as Franklin Templeton, reported a jump in first-quarter profit on Friday as rallying equities markets boosted investment management fees.The company's shares rose 1.8% in premarket trading.Markets have notched a series ...Reuters
Fri, Jan 30
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.4% lower at C$1.3545 to the greenback, or 73.83 U.S. cents, after trading in a range of 1.3483 to 1.3555.Canadian government 10-year bond yields CA10YT=RR f...Reuters
Fri, Jan 30
BCB Bancorp posts Q4 loss due to write-down; adjusts dividend
OverviewCommunity bank's Q4 net loss of $12 mln vs year-ago profit, due to cannabis-related property write-downNet interest margin for Q4 rose to 3.03% from 2.53% yr/yrCompany declared regular quarterly cash dividend of $0.08 per shareOutlookBCB Bancorp focuses on improving earnings performance ...Reuters
Fri, Jan 30
Franklin Resources beats Q1 profit estimates
OverviewInvestment manager's fiscal Q1 operating revenue beat analyst expectationsAdjusted EPS for fiscal Q1 beat analyst expectationsCompany repurchased 1.8 mln shares for $41.9 mlnOutlookCompany highlights strategic investments in alternative assets for future growthFranklin Resources emphasiz...Reuters
Fri, Jan 30
Red River Bancshares Q4 net income rises 5.7% sequentially
OverviewLouisiana bank's Q4 net income rose 5.7% from Q3, reaching record-high levelsNet interest income for Q4 increased by $1.4 mln, driven by higher loan balancesCompany renewed and increased stock repurchase program for 2026 to $10 mlnOutlookRed River Bancshares expects net interest income t...Reuters
Fri, Jan 30
Pacific Financial Q4 net income falls, dividend rises
OverviewBank holding company's preliminary Q4 net income fell compared to Q3Company's net interest income increased slightly in Q4Company declared higher quarterly dividend of $0.15 per shareResult DriversLOAN AND DEPOSIT GROWTH - Co said loan and deposit growth contributed to increased net ...Reuters
Fri, Jan 30
Freedom Bank of Virginia reports Q4 net loss on loan issue
OverviewCommunity bank's Q4 net loss driven by large syndicated loan issuePre-provision, pre-tax income for Q4 grew 84.4% yr/yrCompany authorized 250,000 share buyback programOutlookFreedom Bank expects to continue evaluating credit reserves for a large syndicated loanCompany plans to repurchase...Reuters
Fri, Jan 30
Metrocity Bankshares Q4 profit up 6% sequentially on higher interest income
OverviewGeorgia bank's Q4 net income rose 6% sequentially, driven by higher net interest incomeCompany's net interest margin increased to 3.73% in Q4 2025Company completed acquisition of First IC, boosting loans and depositsOutlookCompany did not provide specific guidance for future quarters...Reuters
Fri, Jan 30
US Senate banking chair eyes 'timely' confirmation process for Trump Fed pick Warsh
WASHINGTON, Jan 30 (Reuters) - Senate Banking Chairman Tim Scott on Friday said he looked forward to a "thoughtful, timely confirmation process" for Kevin Warsh, President Donald Trump's pick to lead the U.S. Federal Reserve."Federal Reserve independence remains paramount, and I am c...Reuters
Fri, Jan 30
UN chief Guterres warns of 'imminent financial collapse'
GENEVA, Jan 30 (Reuters) - The U.N. chief has told states that the organisation is at risk of "imminent financial collapse", citing unpaid fees and a budget rule that forces the global body to return unspent money, according to a letter seen by Reuters on Friday."The crisis is deepening,...Reuters
Fri, Jan 30
Alpha Metallurgical reports Q4 prelim net loss
OverviewMetallurgical products supplier's preliminary Q4 net loss was $17.3 mlnAdjusted EBITDA for Q4 missed analyst expectationsCompany repurchased 113,000 shares for $20 mln in Q4OutlookAlpha expects Q1 2026 to benefit from improved met coal pricingCompany remains focused on capitalizing on im...Reuters
Fri, Jan 30
TREASURIES-Long bonds fall as Trump confirms Warsh as next Fed chair
SINGAPORE/LONDON, Jan 30 (Reuters) - Long-dated U.S. Treasury prices fell on Friday after President Donald Trump said he would nominate former Federal Reserve Governor Kevin Warsh to head the U.S. central bank.Warsh has called for regime change at the Fed, seeking among other things a smaller balanc...Reuters
Fri, Jan 30
Oppenheimer Holdings Q4 net income surges on higher advisory fees
OverviewInvestment bank's Q4 revenue rose 25.9% yr/yrNet income for Q4 increased 593.1% yr/yrCompany declared $1.00 per share special dividendOutlookOppenheimer expects continued momentum in equity markets in 2026Company anticipates strong results in investment banking due to favorable condition...Reuters
Fri, Jan 30
