SouthState Bank Corporation has been upgraded from a 'hold' to a soft 'buy' rating following the successful integration of its merger with Independent Bank Group. The merger significantly increased SouthState's profitability, with net profits rising from $89.1 million to $225.8 million, and expanded its assets to $68 billion. The bank shows strong asset quality, with return on assets at 1.37% and return on equity at 10.11%, both above industry averages. Although the valuation is reasonable at 11.5 times forward P/E and near book value, the bank's uninsured deposits, which stand at 38.8%, remain a point to watch.
SPX Technologies announced a leadership transition in its Detection & Measurement segment as John Swann plans to retire in January 2027. Eric Kaled will take over as segment leader starting August 31, 2026, ensuring continuity and growth. Swann has b...
Brodsky & Smith LLC is investigating whether the boards of AstroNova, Open Lending, Huntsman, and Standard BioTools breached their fiduciary duties in recent merger agreements. The investigations focus on whether the companies conducted fair processe...
The Canadian government has decided to close the Office of the Canadian Ombudsperson for Responsible Enterprise (OCRE), a move strongly condemned by the United Steelworkers union. The union argues that while OCRE lacked independence and power, abolis...
The Canadian government has decided to abolish the Office of the Ombudsperson for Responsible Enterprise (CORE), which was tasked with reviewing complaints about human rights and labor abuses linked to Canadian companies operating abroad. The United ...
AppLovin's stock has cooled after a strong 2025 but still shows 28.5% upside with a $603 price target driven by its AI-powered ad-tech platform AXON 2. The company reported strong Q1 FY26 results with 24% revenue growth and high profit margins, along...
