EverBank Financial Corp and WaFd, Inc. have agreed to merge, combining their banking operations to form a larger, more profitable institution. The merger will result in WaFd, Inc. being the surviving entity, renamed EverBank Financial Corp, and trading under the ticker EVBK. This strategic move aims to improve profitability, with a projected 29% EPS accretion for WaFd shareholders by 2027 and a return on tangible common equity of about 15%. The combined bank will leverage complementary strengths in consumer and commercial banking, expand its branch network, and enhance wealth management services. The deal is expected to close in early 2027, pending regulatory and shareholder approvals.
Constellation Brands reported strong Q2 fiscal 2027 earnings of $3.74 per share, beating estimates and showing a 3% year-over-year increase. Net sales rose 6% to $2.63 billion, driven by 5% growth in beer sales and 17% in wine and spirits. Despite th...
SCWorx Corp. has resumed trading on the Nasdaq Capital Market on October 7, 2026, after a suspension that began in April. The company successfully reversed a delisting decision by regaining compliance with Nasdaq's minimum bid price and publicly held...
Star Bulk Carriers' Chief Operating Officer, Reskos, purchased 10,000 shares at $28.27 each. This insider buying signals confidence in the company's prospects and may encourage investors to consider buying SBLK stock. The move could indicate positive...
Several analysts including Morgan Stanley, Scotiabank, and Wells Fargo have lowered their price targets for Vale due to rising all-in costs and volatile iron ore prices. Despite the stock trading below these new targets, indicating potential upside, ...
Sui achieved a peak throughput of 40.6 million transactions per second (TPS) in a live offchain test involving over 10,000 tunnels, far exceeding its previous July record of 6.1 million TPS. The test, held at Sui Basecamp in Singapore, demonstrated r...
