Weber Gains on Takeover Offer, Discover Financial Falls on EPS By

© Reuters. After-Hours Stock Movers: Weber Inc. (WEBR) 24% HIGHER; large shareholder BDT Capital offered to acquire the shares it does not currently own for $6.25 per share. Medpace Holdings (NASDAQ:) 20% HIGHER; reported Q3 EPS of $2.05, $0.58 better than the analyst estimate of $1.47. Revenue for the quarter came in at $383.7 million … Read more

Discover Financial Services Shares Drop 3% on Q3 EPS Miss, While Revenues Beat Estimates By

© Reuters. By Davit Kirakosyan Discover Financial Services (NYSE:) shares fell more than 3% after-hours following the company’s reported , with EPS of $3.54 coming in worse than the consensus estimate of $3.73. Revenue net of interest expense grew 25% year-over-year to $3.48 billion, beating the consensus estimate of $3.37 billion. Digital Banking segment pretax … Read more

Muhurat Trading 2022: D-St Opens Higher, Banking & Financial Stocks Shine & More

By Malvika Gurung — The Indian equity benchmark indices made a gap-up opening in the customary 1-hour Muhurat Trading session on Monday. Headline indices jumped 1.1% to 17,768.6 points and the 30-scrip surged 1.03% or 609 points, nearing the 60,000 mark at the time of opening. All the sectoral indices listed under the Nifty umbrella … Read more

Manipulation of financial statements by Bombay Dyeing created misleading share price movement

New Delhi, Oct 22 (IANS) Had the correct picture of the financial position of Bombay Dyeing (NS:) been made public, the share price would not have maintained the same trajectory as it did for the period from 2011-12 to 2017-18, a SEBI order has said. The real estate segment of Bombay Dyeing and Manufacturing Company … Read more

Bombay Dyeing alleged to have published untrue financial statements

New Delhi, Oct 22 (IANS) The Securities & Exchange Board of India (SEBI) order that prohibits Bombay Dyeing (NS:) and its promoters, Nusli Wadia, Ness Wadia and Jehangir Wadia from accessing the capital markets for two years and attracted heavy penalties was examining allegations that Bombay Dyeing was involved in publishing untrue financial statements and … Read more

Ally Financial Slips After Wells Fargo, Morgan Stanley Downgrades By

© Reuters. By Senad Karaahmetovic Ally Financial Inc (NYSE:) shares closed almost 8% lower on Wednesday after the company reported worse-than-expected earnings. Moreover, the ALLY stock is down a further 3% on Thursday after the weak Q3 earnings print pushed  analysts to cut their rating on shares. Ally reported an adjusted and revenue below the … Read more

FB Financial Q3 Results Miss Estimates; Shares Slip

By Yasin Ebrahim — FB Financial Corporation reported third-quarter results that missed on both the top and bottom lines despite a boost from rising interest rates.  FB Financial Corp (NYSE:) was down more than 1% in afterhours trading.  The company reported of $0.68 a share on revenue of $134 million, missing Wall Street estimates … Read more

Deutsche Bank Completes Sale of Italian Financial Promoters Network to Zurich

By Scott Kanowsky — Deutsche Bank AG NA O.N. (ETR:) has announced that it has completed the sale of its Italian financial promoters network to Zurich Insurance Group AG (SIX:), as the German lender looks to re-focus its activities in Europe’s third-biggest economy. The sale of the unit, which includes more than €16B in assets … Read more

PM says dedicated banking units to strengthen financial inclusion

New Delhi, Oct 16 (IANS) Prime Minister Narendra Modi on Sunday dedicated 75 digital banking units (DBUs) across the 75 districts to the nation through video conferencing, stating that it will further financial inclusion and enhance banking experience for the citizens. “DBU is a big step in the direction of Ease of Living for the … Read more

Indian women still shy away from making independent financial decisions, finds survey

New Delhi, Oct 11 (IANS) Indian women still shy away from making independent financial decisions, reveals a survey. The survey also found that they still rely on the ‘man of the house” when it comes to making financial decisions, although 44 per cent of respondents prefer to make their own financial decisions when they have … Read more