Enova International has withdrawn its applications to acquire Grasshopper Bancorp, citing unclear regulatory standards and political pressures. Despite this, Enova remains confident in its growth strategy and reaffirmed its 2026 revenue growth guidance of 20-25% and adjusted EPS growth of 30-35%. The company also plans to accelerate share repurchases, with $218 million available under senior note covenants and $349 million under board authorization. Enova emphasizes its commitment to serving consumers and small businesses underserved by traditional banks without becoming a bank itself.
Baldwin Group is going private in a $7.7 billion all-cash deal led by Sequence Holdings and DFO Management, offering shareholders $32.50 per share, an 88% premium over the June 2026 price. The transaction will delist Baldwin from Nasdaq and is expect...
BTIG increased its price target for Cullinan Therapeutics to $40, reflecting a potential 93% upside from the current stock price of around $20.73. This upgrade follows successful Phase 3 trial results for zipalertinib, a treatment for non-small cell ...
Kroger reported mixed Q2 earnings with adjusted EPS of $1.09 beating estimates, but revenues slightly below expectations at $34.62 billion. Despite slower sales growth, Kroger maintained its full-year adjusted EPS guidance of $5.10 to $5.30, supporte...
Kaplan Fox & Kilsheimer LLP is investigating potential securities violations by Coastal Financial Corporation following the company's report of a $42.1 million net loss in Q2 2026, largely due to a $68.8 million credit expense linked to a single part...
The US 10-year Treasury yield briefly surged past 5% for the first time since 2023, driven by record-high diesel prices and concerns over inflation linked to the Middle East conflict. This rise in yields is significant as it influences mortgage rates...
