கார்வர் கூட்டாட்சியின் சேமிப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
4 join College of Idaho board of trustees
idahobusinessreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idahobusinessreview.com Daily Mail and Mail on Sunday newspapers.
Here s What Eric Adams and NYC s New Black Leaders Need to Do
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Print
Good afternoon. We’re here to get you ready for the week … in which we expect a deluge of earnings news but hopefully no more submerged subway stations. Plus, a look into how WallStreetBets helped revive Carver Federal Savings, one of the nominees for the
Crain’s New York Business Excellence in Diversity and Inclusion Awards. Join us live on July 15 to see if Carter wins. Click here for tickets.
July 13
JPMorgan and Goldman Sachs report earnings. Business was so good in the first quarter that Jamie Dimon said his bank’s “cup runneth over,” and the second quarter seems to have been almost as great. Profits are likely to get a further boost as the huge loan-loss reserves set aside last year are reversed.
Goodwill in Harlem and beyond is dramatically affecting the bank’s ordinarily sleepy stock, which today soared from $10.58 a share to nearly $39 per share midday before closing at $21.89.
The catalyst appeared to be a post on Reddit’s WallStreetBets forum two days ago. A commentator observed a large portion of Carver’s publicly available shares have been sold short, a bearish bet that pays off when a stock falls in price. The commentator speculated that if bulls bought a lot of shares, the rally could force the bears to buy as well and drive the stock even higher. The scenario, known as a short squeeze, isn’t uncommon among thinly traded stocks. It sent GameStop shares into the stratosphere this year.
Shares in Carver Federal Savings triple as 73-year-old bank becomes the new favorite
crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.