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Community Bank System Q3 Profit Rises, Meets View
(RTTNews) - Community Bank System Inc. (CBU) reported Monday that its third quarter net income increased to $48.69 million or $0.90 per share from $45.34 million or $0.83 per share in the prior-year quarter. Excluding item, operating earnings were also $0.90 per share.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 11.9 percent to $175.6 million from last year. Analysts expected revenues of $174.08 million for the quarter.
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Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO
Community Bank System, Inc. (CBU) announced Wednesday that Mark Tryniski will retire as the Company's President and Chief Executive Officer, effective as of December 31, 2023. He joined the Company in 2003 as Chief Financial Officer and has been at the helm of the company and its wholly owned banking subsidiary, Community Bank, N.A. since August 2006.
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756 days ago
Mild Upside Seen For Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,460-point plateau and it's looking at a steady start on Thursday.
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5 minutes ago
Japan Retail Sales Jump 2.0% In June
The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.
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30 minutes ago
Singapore Bourse May Halt Its Slide
The Singapore stock market has tracked lower in four straight sessions, sliding more than 50 points or 1.3 percent along the way. The Straits Times Index now rests just beneath the 4,220-point plateau although it may stop the bleeding on Thursday.
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35 minutes ago
Japan Industrial Output Climbs 1.7% In June
Industrial production in Japan was up a seasonally adjusted 1.7 percent on month in June, the Ministry of Economy, Trade and Industry said on Thursday.
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38 minutes ago
Malaysia Shares Called Rangebound Again On Thursday
The Malaysia stock market on Wednesday ended the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to remain in that neighborhood again on Thursday.
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1h 5min ago
Steady Start Eyed For Japan Stock Market
The Japanese stock market has moved lower in three straight sessions, slumping more than 1,150 points or 2.8 percent in that span. The Nikkei 225 now sits just beneath the 41,000-point plateau although it's due for support on Thursday.
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1h 20min ago
South Korea Industrial Output Climbs 1.6% In June
Industrial production in South Korea was up a seasonally adjusted 1.6 percent on month in June, Statistics Korea said on Thursday.
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1h 21min ago
