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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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741 days ago
European Shares Seen Mostly Lower As Tariff Risks Mount
European stocks may open broadly lower on Wednesday as trade tensions escalate.
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European Economic News Preview: UK Inflation Data Due
Consumer prices from the UK and foreign trade from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer prices for June. Inflation is forecast to remain unchanged at 3.4 percent.
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Sensex, Nifty Open Lower On Tariff Jitters
Indian shares were subdued on Wednesday as U.S. President Donald Trump announced a trade deal with Indonesia, adding the United States is close to securing full trade access into India.
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Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,600 level, following the mixed cues from Wall Street overnight, with weakness across all sectors led by in mining and technology stocks.
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3h 56min ago
Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, amid concerns about President Donald Trump's trade wars still hanging over the markets, though a deadline in fixed for August 1 to reach deals with partner trading countries. Most currencies in the region also weakened against the strong US dollar on rising US bond yields.
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Sensex, Nifty Seen Lower As Tariff Worries Bite
Indian shares are seen opening on a sluggish note Wednesday as investors react to mostly negative cues from global markets and rising U.S. bond yields.
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4h 46min ago
Thai Shares Due To Open In The Red On Wednesday
The Thai stock market has moved higher in three straight sessions, accelerating more than 50 points or 4.5 percent in that span. The Stock Exchange of Thailand now sits just above the 1,160-point plateau although it may open under water on Wednesday.
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5h 18min ago
