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Metropolitan Bank faces securities fraud probe after Q2 earnings miss and credit loss surge

Market News
30 Jul 2026
PRNewsWire
View Source
Bearish
pluang ai news

Metropolitan Bank Holding Corp. reported Q2 2026 earnings that missed analyst expectations, with revenue and net income falling short. The bank also revealed a sharp rise in credit loss provisions, more than doubling to $13.3 million due to issues with a commercial loan and a real estate loan charge-off. Following this, the stock price dropped nearly 9%. Pomerantz LLP has launched an investigation into whether Metropolitan and its executives engaged in securities fraud or unlawful practices, signaling potential legal challenges ahead for the company and its investors.

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SBA names five finalists for $1M Freedom 250 Patriot Pitch competition in Washington, D.C.

SBA names five finalists for $1M Freedom 250 Patriot Pitch competition in Washington, D.C.

The U.S. Small Business Administration (SBA) announced five finalists for the Freedom 250 Patriot Pitch Competition, celebrating small businesses that used SBA capital to innovate and grow. The finalists—Compotech, Plas-Tech Tooling, Red River, VetPo...

Market News
Neutral
28 minutes ago
GraniteShares announces weekly distributions for multiple YieldBOOST ETFs with varied rates and payment dates.

GraniteShares announces weekly distributions for multiple YieldBOOST ETFs with varied rates and payment dates.

GraniteShares has announced the weekly distribution amounts for its YieldBOOST ETFs, including COYY, TSYY, NVYY, and others, with distribution rates ranging from about 2% to over 95%. These ETFs use a strategy involving selling put options to generat...

Company Fundamentals
Neutral
28 minutes ago
Pixalate's June 2026 report shows NBA, Food Network lead CTV ad spend; News dominates mobile streaming ads.

Pixalate's June 2026 report shows NBA, Food Network lead CTV ad spend; News dominates mobile streaming ads.

Pixalate's June 2026 OpenEPG™ Index reveals that on large screens (CTV), NBA's Hardwood Classics and Food Network shows dominated programmatic ad spending, with Reality, News, and Sport genres making up 81% of the spend. On small screens (mobile), na...

Market News
Neutral
40 minutes ago
Vertiv posts strong Q2 earnings but stock drops amid volatility and sales concerns.

Vertiv posts strong Q2 earnings but stock drops amid volatility and sales concerns.

Vertiv, a key AI infrastructure company, reported strong Q2 2026 results with 24.1% revenue growth and $1.52 adjusted EPS, beating estimates. Despite this, its stock fell over 27% in the past month due to volatility and concerns over sales sustainabi...

Company Fundamentals
Neutral
1 hour ago
Fair Isaac posts strong Q3 growth despite RBC lowering price target

Fair Isaac posts strong Q3 growth despite RBC lowering price target

Fair Isaac Corp reported strong Q3 2026 results with a 26% revenue increase to $674 million and a 30% rise in net income to $237 million, driven mainly by a 41% revenue jump in its Scores segment and a 49% increase in B2B sales. The company’s annual ...

Company Fundamentals
Bullish
1 hour ago
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