Malvern Bancorp Swings To Profit In Q4
(RTTNews) - Malvern Bancorp, Inc. (MLVF) reported Friday fourth-quarter net income of $2.58 million or $0.34 per share, compared to a net loss of $6.19 million or $0.82 per share in the prior-year quarter.
Net interest income for the quarter grew to $7.91 million from $6.83 million in the same quarter last year.
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Canadian Market Ends On Strong Note As Investors Cheer Earnings, Economic Data
The Canadian market closed on a strong note on Thursday, with investors cheering buoyant earnings updates from the Royal Bank of Canada and the Canadian Imperial Bank of Commerce. Slightly easing concerns about the outlook for Fed interest rates helped as well.
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Dollar Retreats After U.S. GDP, Jobless Claims Data
The U.S. dollar pared early gains and remained subdued in the New York session on Thursday after data showing a slower than estimated growth in the first quarter, and an increase in jobless claims eased concerns about the outlook for interest rates.
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Swiss Market Ends On Firm Note
Despite spending much of the day's session in the red, the Switzerland market closed on a firm note on Thursday as stocks climbed higher on strong buying support past mid afternoon. Data showing an acceleration in the nation's GDP growth aided sentiment.
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Major European Markets Close Higher
European stocks closed higher on Thursday as the latest batch of economic data from the U.S. helped ease concerns about the outlook for Fed interest rates. Stocks also found support thanks to some bargain hunting after recent losses.
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U.S. Dollar Falls Amid Downward Revision To GDP Data, Higher Jobless Claims
The U.S. dollar declined against its major counterparts in the New York session on Thursday, as economic growth slowed more than previously estimated in the first quarter and jobless claims edged up last week, raising expectations for an interest rate cut in the near future.
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Canadian Stocks Climb Higher On Upbeat Earnings
The Canadian market is up firmly in positive territory Thursday morning amid slightly easing concerns about the outlook for interest rates after data showed a slowdown in U.S. economic growth in the first quarter and an increase in jobless claims last week.
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U.S. Crude Oil Inventories Pull Back Much More Than Expected
The Energy Information Administration released a report on Thursday showing U.S. crude oil inventories tumbled by much more than expected in the week ended May 24th.
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U.S. Pending Home Sales Pull Back Much More Than Expected In April
A report released by the National Association of Realtors on Thursday showed a sharp pullback by pending home sales in the U.S. in the month of April. NAR said its pending home sales index plunged by 7.7 percent to 72.3 in April after spiking by 3.6 percent to an upwardly revised 78.3 in March. Economists had expected pending home sales to decrease by 0.6 percent.
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