Fly View Productions For over a year now, I have been familiarizing myself with many of the financial institutions out there. Most of my emphasis has been on small to medium sized banks. Few of them have had market capitalizations exceeding $10 billion. And many have been $2 billion in size or less. But one…
United Community Banks, Inc. (NASDAQ:UCBI) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Lynn Harton – Chairman and CEOJefferson Harralson – CFORich Bradshaw – President and Chief Banking OfficerRob Edwards – CRO Conference Call Participants Catherine Mealor – KBWMichael Rose – Raymond JamesStephen Scouten – Piper SandlerRussell Gunther – StephensGary…
RyanJLane/iStock via Getty Images Large Institutional Investment in NYCB: On Wednesday March 6th, New York Community Bancorp, Inc. (NYSE:NYCB) received a $1.05 billion investment led by former Treasury Secretary Steve Mnuchin’s Liberty Strategic Capital, Reverence Capital, and Hudson Bay Capital. Details of the investment are below. Mnuchin Group Investment in NYCB (Company Presentation) The common…
Spencer Platt There are sometimes no prizes for heroics. Sometimes a stock is sold for a good reason and as much as price anchoring makes us think it is “cheaper” than the day before, one must always look at the facts first. Looking at what was an avalanche of bad news from New York Community…
wildpixel Thesis It is surprising to see the market shrug off so easily another slow motion train wreck as witnessed in the New York Community Bancorp’s (NYSE:NYCB) stock price. The name was down over -20% on March 4th, bringing its year to date performance to a staggering -71%: Data by YCharts Banks rely on faith…
wildpixel There is a great amount of commentary on today’s surprise Q4 earnings miss from New York Community Bancorp, Inc. (NYSE:NYCB) and the massive dividend cut down to $0.05 quarterly. Ouch. Shares tanked 40% premarket. We were asked about it in our investing group premarket, and we discussed with members that we felt while this…
James Andrews/iStock via Getty Images On our last coverage of New York Community Bancorp, Inc. (NYSE:NYCB), the stock was at $9.37, and we suggested that it was good but not “great”. Well, if you are heavily underweight financial stocks, then this is one of the best you can add. If you are patient, the odds…
Dime Community Bancshares, Inc. (NASDAQ:DCOM) Q4 2023 Earnings Conference Call January 26, 2024 8:00 AM ET Company Participants Stuart Lubow – President and Chief Executive Officer Avinash Reddy – Senior Vice President and Chief Financial Officer Conference Call Participants Stephen Moss – Raymond James Mark Fitzgibbon – Piper Sandler Manuel Navas – D.A. Davidson &…
Community Bank System, Inc. (NYSE:CBU) Q4 2023 Earnings Conference Call January 23, 2024 11:00 AM ET Company Participants Dimitar Karaivanov – President and Chief Executive Officer Joseph Sutaris – Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler Steve Moss – Raymond James Chris O’Connell – KBW Matthew Breese – Stephens Inc. Operator…
Based on the number of merchants that now accept bitcoin in Berlin you might think this article is about the German capital city. Instead, it’s about a small picturesque mountain town in El Salvador with a population of 20,000 people. How it came to have over 100 merchants accepting bitcoin in a 6 month period…
US SEC is expected to greenlight the first spot Bitcoin ETF this week, opening the door for a possible $10 billion inflow in 2024. People in the Bitcoin community are waiting with bated breath for the United States Securities and Exchange Commission’s (SEC) greenlight on spot BTC exchange-traded funds (ETFs). Starting this week, the SEC…
A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price. PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering…
PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by…
Anoma Foundation’s Namada launches its RPGF airdrop to eligible participants on the network. In a press release this Wednesday, Anoma Foundation, the parent developer of the Namada ecosystem, announced its Namada RPGF (Retro Public Good Funding) airdrop for communities and individuals who helped in building and funding public goods. The RPGF Drop aims to disburse…
Forbes Chief Growth Officer Taha Ahmed noted that the collaboration with Galxe reflects the duo’s “shared vision of pushing the boundaries of traditional loyalty programs”. American business magazine Forbes is partnering with Galxe to build its Web3 community. Forbes announced the partnership via a new account ForbesWeb3 created for the community on X. The global…
The BCUT token sale will begin on December 14, 2023, via CoinList with up to 65 million tokens up for grab at discounted prices. BitsCrunch network, a decentralized artificial intelligence (AI)-enhanced data ecosystem that delivers multi-chain forensic analytics to DeFi developers, has opened a short window for the registration of the BCUT token community sale….
The decentralized cForm aims to eliminate issues associated with spam accounts on platforms like Google Forms. CoinList, a renowned platform for crypto innovators, is elevating community-building strategies with the introduction of cForm. This new tool enables builders to swiftly establish on-chain whitelists, sign-up forms, or surveys, streamlining the process of attracting and validating community members….
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol. The XRP community is excited at the increased growth prospects of the XRP blockchain since the RIpple-Metaco deal was sealed. Recall that Ripple announced a $250 million acquisition of Swiss crypto custody platform Metaco to…
Pogonici/iStock via Getty Images You can only make decisions on valuation for the long haul. It seldom works out in the short run. The same was the case for New York Community Bancorp, Inc. (NYSE:NYCB) where we left a lot of money on the table as we exited. Our rationale was as follows. So while…
From the very first days of Bitcoin, the community was its key driving force. Even more: it was the only one. Without any marketing or PR, it was the community that helped transform the anonymous 9-page whitepaper from an obscure cypherpunk list into the functional Bitcoin software we use today. It was the community that…
The Anoma Foundation is demonstrating its commitment to the cause of digital privacy by incentivizing and rewarding contributions to the Namada Community Builders Program. In an exciting development for the blockchain community, Switzerland-based blockchain non-profit Anoma Foundation has announced its support for Namada, a multichain privacy protocol, by launching a Community Builders Program. Namada’s Community…
Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in their Vaults, and will no longer earn points in their communities. American social news aggregation, content rating, and discussion platform Reddit has announced its decision to discontinue Community Points – a blockchain-based…
The reason for the surprise was that the average sale price for CrypToadz is typically under $1,000, making the sudden hundredfold increase in value in a short period of time seem questionable to experts. On October 9th, an anonymous crypto user bought a CrypToadz NFT on the popular NFT marketplace OpenSea for a shocking price…
Crypto safekeeping specialist firm Fireblocks will be leading this initiative and has stepped in to manage the crypto assets. On Monday, October 9, the cryptocurrency and Web3 community of Israel announced that they have established Crypto Aid Israel in order to raise funds for Israeli citizens. This new fundraiser seeks to help all the displaced…
Community is crucial and that never has been clearer to me than it was this last month, as wildfires claimed 10,000 hectares of the area around my home, leaving many people with nothing except the clothes they were wearing when they escaped. At its peak, our fire was being fought by firefighters from all over…
omersukrugoksu Earnings of Community Bank System, Inc. (NYSE:CBU) will likely be flattish this year as loan growth will be countered by margin pressure and higher expenses. I’m expecting the company to report adjusted earnings of $3.53 per share, which is close to the estimate given in my last report on the company. The year-end target…
Casio will launch a virtual G-SHOCK campaign designed by members of the company’s community, with the roadmap beginning this month. Japanese multinational electronics company Casio is bringing its signature G-SHOCK watch brand to the metaverse. These virtual G-SHOCKS will launch on Polygon, the Layer-2 network for scaling Ethereum. Casio intends to launch the virtual G-SHOCK NFTs via…
Hero Images Inc/DigitalVision via Getty Images Introduction Despite higher interest rates, it doesn’t seem that Community Trust Bancorp, Inc. (NASDAQ:CTBI) is quite able to raise the bottom line and properly capitalize on this. This has me slightly worried as the lack of EPS growth I think makes it more appealing to go with another regional…
Community Bank System, Inc. (NYSE:CBU) Q2 2023 Earnings Conference Call July 31, 2023 11:00 AM ET Company Participants Mark Tryniski – President and CEO Joseph Sutaris – Executive Vice President and CFO Dimitar Karaivanov – Executive Vice President and COO Conference Call Participants Nick Cucharale – The Hovde Group Steve Moss – Raymond James Alex…