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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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European Shares Rally As Fed Cuts Rates, Signals More Easing In 2025
European stocks opened on a buoyant note Thursday after the U.S. Federal Reserve cut interest rates for the first time since December and indicated more cuts would follow amid mounting signs of labor market weakness.
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NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the European session on Thursday.
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Asian Shares Drift Lower After Fed's Hawkish Rate Cut
Asian stocks ended mostly lower on Thursday following a slightly hawkish leaning policy decision from the Federal Reserve.
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European Shares Seen Higher With Central Bank Meetings In Focus
European stocks look set to open on a firm note on Thursday as investors digest the Federal Reserve's latest decision to cut interest rates and await the Bank of England's rate decision.
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European Economic News Preview: Bank Of England To Hold Rate
The monetary policy announcement from the Bank of England is the top economic event due on Thursday. The BoE is widely expected to hold its benchmark bank rate at 4.00 percent after a quarter-point reduction in August. The bank had lowered the rate five times since August 2024 and took it to the lowest since early 2023.
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Sensex, Nifty Open Higher; IT Stocks Surge As Fed Cuts Interest Rates
Indian shares opened higher on Thursday amid optimism over ongoing U.S.-India trade talks.
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Australian Market Extends Early Losses In Mid-market
The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, as markets digested a softer-than-expected domestic jobs report, with weakness across most sectors led by mining and energy stocks.
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