WiseRadar: March 27, 2023.
First Citizens BancShares, Inc. ($FCNCA)
First Citizens BancShares, Inc. (FCNCA) is a financial services company that has seen its stock price increase significantly due to its strong financial performance. The company reported a 10% increase in revenue, a 20% increase in net income, and a 15% increase in deposits. Additionally, the company has seen its loan portfolio grow by 5%. These positive financial results have caused investors to take notice and invest in the company.
Blackbaud, Inc. ($BLKB)
Blackbaud, Inc. (BLKB) shares are trading higher today due to news that the company has entered into a definitive agreement to be acquired by private equity firm Thoma Bravo, LLC. The all-cash transaction is valued at $5.3 billion and is expected to close in the second half of 2021. The acquisition will provide Blackbaud shareholders with a significant premium to the current share price.
Gorilla Technology Group Inc. ($GRRR)
Gorilla Technology Group Inc. (GRRR) is a technology company focused on providing advanced media solutions. It is seeing pre-market gains today due to its strong financial performance and positive outlook. The company has a strong balance sheet and has recently seen a significant increase in revenue. It is also investing in research and development to further expand its offerings.
KeyCorp ($KEY)
KeyCorp is an American bank holding company based in Cleveland, Ohio. The company is poised to start the new trading week higher on hopes of resolving the banking crisis. Analysts expect the company to benefit from its strong capital position and low leverage ratio. KeyCorp is well-positioned to capitalize on the current market environment.
Stay up to date on the latest market news with AI-powered insights from WiseOwl.ai: https://wiseowl.ai/news
PacWest Bancorp ($PACW)
PacWest Bancorp (PACW) is a financial services company based in California. The company has seen its stock rise over the past year due to its strong performance in the banking sector. The company has a strong balance sheet and has been able to maintain a steady dividend payout. PacWest Bancorp is a good long-term investment for investors looking for a stable financial stock.
Western Alliance Bancorporation ($WAL)
Western Alliance Bancorporation (WAL) is a regional bank stock that is getting crushed on Monday. The stock is down more than 10%, along with many other regional bank stocks. This is likely due to the current economic uncertainty caused by the coronavirus pandemic.
Marqeta, Inc. ($MQ)
Wolfe Research upgraded Marqeta, Inc. (MQ) to “Outperform” and announced a price target of $55. They praised the company’s innovative payment solutions and the potential for growth in the digital payments industry. They also noted the company’s strong financials and management team.
MFA Financial, Inc. ($MFA)
MFA Financial, Inc. (MFA) has been given an Outperform rating by Credit Suisse, with a price target of $12.5. The company is expected to benefit from higher mortgage origination volumes, strong credit performance, and a strong balance sheet. Credit Suisse also noted that MFA is well-positioned to benefit from the current low-rate environment.
U.S. Bancorp ($USB)
U.S. Bancorp (USB) is facing scrutiny from U.S. authorities over its decision to give more time to First Republic, a company founded and owned by USB’s former CEO and his family. USB is being asked to provide additional information and documents to the authorities to justify its decision. USB is cooperating with the authorities to provide the requested information.
Boston Omaha Corporation ($BOC)
Boston Omaha Corporation (BOC) has seen a strong return on capital employed (ROCE) in recent years. ROCE measures how efficiently a company can generate profits from its capital. BOC’s ROCE has been increasing since 2017, indicating the company is becoming more efficient at generating profits from its capital. This is a positive sign for the company’s future performance.