See the full story in the original article.
Read the original on markets.financialcontent.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Washington Trust Reports Third Quarter 2026 Results
Washington Trust Bancorp (Nasdaq: WASH) reported third quarter 2026 net income of $19.4 million, up $3.4 million or 21% from the previous quarter, with diluted EPS of $1.01. Net interest margin expanded 11 basis points to 2.84%, and net interest income rose 7% to $44.7 million, including $283 thousand of previously unrecognized second-quarter interest income tied to a resolved commercial real estate office loan. Noninterest income increased 9%, helped by loan-related derivative income and a $954 thousand non-taxable gain on bank-owned life insurance, while noninterest expense rose 0.5%. Deposits reached an all-time high of $5.4 billion, loan balances grew $61.8 million from June 30, 2026, and the common equity tier 1 ratio stood at 11.93% at September 30, 2026. Compared with the third quarter of 2025, net income was up $8.5 million.
- Techcombank sets record date for 50% stock dividend
Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
- Fifth Third Bancorp Q3 2026 Earnings Call Summary
- Fifth Third ( FITB ) Q3 2026 Earnings Call Transcript
Fifth Third Bancorp (FITB) reported adjusted diluted EPS of $1.13 for the third quarter, excluding $0.23 per share in merger-related charges, technology impairments, and litigation matters. Net interest income rose 3% sequentially to $2.28 billion, helped by fixed-rate asset repricing and commercial loan growth, while average core deposits reached $236 billion. The bank finished the Comerica technical integration, with the adjusted efficiency ratio improving to 54.6% and adjusted ROTCE at 20.6%, above its 19% 2027 target. However, a sharp rise in long-term rates caused a $1.6 billion negative AOCI move in the quarter. For Q4, management guided net interest income growth of 2.5% to 3.5% sequentially, assuming a 25-basis-point rate hike in December 2026.
- Peoples Bancorp Announces Third Quarter 2026 Results
Peoples Bancorp of North Carolina reported third-quarter 2026 net earnings of $5.7 million, or $1.08 per share ($1.05 diluted), up from $3.7 million, or $0.70 per share, a year earlier. Net interest income rose to $16.7 million from $15.1 million, driven by higher loan interest income and lower interest expense after Federal Reserve rate cuts. The provision for credit losses fell to $250,000 from $530,000, while non-interest income declined to $6.7 million from $7.1 million and non-interest expense fell to $15.8 million from $16.9 million. For the nine months, net earnings reached $15.4 million, or $2.81 per diluted share, compared with $13.2 million, or $2.41 per diluted share, a year earlier.
- Home Bancshares: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call on October 15, 2026, Home Bancshares (HOMB) reported record net income of $129.1 million. Management said avoiding large purchases of long-term securities when rates were low helped the bank avoid the balance sheet losses hit by peers, and lifted the net interest margin to 4.53% in the quarter. The company raised its quarterly dividend 9.5% to $0.23 per share and repurchased 3.3 million shares for $94.4 million over the first three quarters of 2026. Management said it prioritizes asset quality over loan growth, refusing to lower credit standards or offer irrational pricing, and reported an efficiency ratio of 40.84%. Back-office integration for the Mountain Commerce acquisition is expected to be completed in the fourth quarter of 2026.
Related markets
Latest news
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.