Coastal Financial Corporation reported a $42.1 million net loss in Q2 2026, mainly due to $68.8 million in credit expenses related to a banking-as-a-service partner. This included a $22.8 million provision for credit losses and a $46 million valuation adjustment on a credit enhancement asset, with expected shortfalls under indemnification. Following the announcement, Coastal's stock fell about 43.5%. Johnson Fistel, PLLP is investigating potential recoveries for investors who suffered losses from these events under federal securities laws.
The Coastal Financial Corporation investigation by Johnson Fistel is noted here with Financials-sector market data for context. For readers following Financials, of 84 priced US stocks on Pluang, 21 rose and 63 fell today. Notable movers include Blackstone Inc at USD 120.20 with a 3.07% decline, Nu Holdings Ltd at USD 13.74 down 2.97%, and SoFi Technologies Inc at USD 16.73 down 2.51%, as of Sep 24, 2026 01:21 WIB.
Jefferies reaffirmed its Buy rating on Life Time Group Holdings (LTH), citing a positive earnings outlook supported by a Zacks Rank of #2. The stock trades around $38.85 with a market cap near $8.68 billion. Despite this optimism, Executive Vice Pres...
Jefferies analysts set a new price target of $435 for General Electric Aerospace, implying a 35% upside from its current price of around $321. GE Aerospace's strong position is supported by a $170 billion commercial services backlog and 80,000 aircra...
BNP Paribas lowered its price target for PepsiCo from $183 to $161 on September 23, 2026, due to ongoing demand challenges in North America. Despite the cut, the firm maintained an Outperform rating, indicating confidence in the stock's potential. Th...
Medtronic began fiscal year 2027 with strong first-quarter results, exceeding expectations with 7% normalized revenue growth driven by its Cardiovascular and Neuroscience segments. The company raised its revenue and earnings per share guidance, altho...
UBS has initiated Buy ratings on five AI data center colocation stocks—Hut 8 Mining, TeraWulf, Applied Digital, Core Scientific, and Cipher Digital—highlighting their strong positions due to cryptomining legacies and grid power access. UBS estimates ...
