Page 16 - Basis Point News Today

Hanmi Financial Corporation (NASDAQ:HAFC) Q3 2023 Earnings Call Transcript October 24, 2023 Hanmi Financial Corporation beats earnings expectations. Reported EPS is $0.62, expectations were $0.61. Operator: Ladies and gentlemen, welcome to the Hanmi Financial Corporation’s Third Quarter 2023 Conference Call. As a reminder, today’s call is being recorded for replay purposes. [Operator Instructions] I would […]

East West Bancorp, Inc. , parent company of East West Bank, reported its financial results for the third quarter of 2023. Third quarter 2023 net income was $288 million, or $2.02 per diluted share....

United Community Banks, Inc. (NASDAQ:UCBI) Q3 2023 Earnings Call Transcript October 18, 2023 United Community Banks, Inc. misses on earnings expectations. Reported EPS is $0.45 EPS, expectations were $0.46. Operator: Good morning, and welcome to United Community Bank’s Third Quarter 2023 Earnings Call. Hosting our call today are our Chairman and Chief Executive Officer, Lynn […]

The dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data. The dollar index, which measures the U.S. currency against six rivals, was at 105.67, not far from 105.55, its lowest since Sept. it touched on Wednesday.

The dollar was little changed but hovering near a two-week low on Thursday following minutes from the last Federal Reserve meeting that showed policymakers taking a cautious stance, as investors awaited key U.S. inflation data. Fed officials pointed to uncertainties around the economy, oil prices and financial markets as supporting "the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate," according to the minutes released on We...

Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." "We don't want an asset that doesn't come with a full wallet," Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. Rollins' southeastern regional bank is not alone.

Loonie at 73.21 U.S. cents

The great thing about inflation is if you spend the same on groceries, the bags are lighter and easier to carry home. Restaurants and food companies react to higher prices either by reducing their portion sizes or passing the cost on to the consumer. In real estate, does the modern definition of an “affordable” house mean 350 square feet for $130,000? Lennar thinks so. Owning a home has long been considered the quintessential American dream, but even with 84 percent of Americans sa...

The Bank of Nova Scotia (NYSE:BNS) Q3 2023 Earnings Call Transcript August 29, 2023 The Bank of Nova Scotia beats earnings expectations. Reported EPS is $1.73, expectations were $1.28. John McCartney: Good morning, and welcome to Scotiabank’s 2023 Third Quarter Results Presentation. My name is John McCartney, I’m Head of Investor Relations, here at Scotiabank. […]

Expected size of the cut is 50 basis point. when you think about that in real terms it means that every thousand dollars borrowed thatjust cheapens the loan by about $1 50. its quite marginal. that symptomatic of the fact that theres not been a big bazooka type stimulus out that the authorities authority economy. weve been talking about the housing crisis ever since 2021, ever grant making a huge headline filing for bankruptcy protection in the united states. another giant country garden warning...