U.S. Markets open in 4 hrs 46 mins

  • S&P Futures

    4,013.25
    +12.00 (+0.30%)
     

  • Dow Futures

    32,523.00
    +89.00 (+0.27%)
     

  • Nasdaq Futures

    12,907.50
    +17.25 (+0.13%)
     

  • Russell 2000 Futures

    1,755.90
    +8.20 (+0.47%)
     

  • Crude Oil

    69.59
    +0.33 (+0.48%)
     

  • Gold

    1,971.70
    -12.10 (-0.61%)
     

  • Silver

    23.24
    -0.10 (-0.45%)
     

  • EUR/USD

    1.0770
    +0.0006 (+0.0539%)
     

  • 10-Yr Bond

    3.3800
    0.0000 (0.00%)
     

  • Vix

    22.31
    -0.30 (-1.33%)
     

  • GBP/USD

    1.2258
    +0.0028 (+0.2268%)
     

  • USD/JPY

    131.0980
    +0.3970 (+0.3037%)
     

  • BTC-USD

    27,824.18
    +105.03 (+0.38%)
     

  • CMC Crypto 200

    604.92
    -13.46 (-2.18%)
     

  • FTSE 100

    7,451.64
    +46.19 (+0.62%)
     

  • Nikkei 225

    27,476.87
    +91.62 (+0.33%)
     

Why Customers Bancorp Stock Dropped 9.8% This Week

Dave Kovaleski, The Motley Fool
·3 min read
Why Customers Bancorp Stock Dropped 9.8% This Week

Customers Bancorp (NYSE: CUBI) saw its share price fall 9.8% this week, as of 1:15 p.m. ET, from last Friday's close, according to S&P Global Market Intelligence. The downward movement of Customers Bancorp, the holding company for West Reading, Pennsylvania-based Customers Bank, was due mainly to the release of its fourth quarter and year-end earnings on Jan. 25. Core earnings, a non-GAAP metric the bank uses, adjusted for nonrecurring items, were $39.4 million in the fourth quarter, off 61% from Q4 2021.

Continue reading

Recommended Stories

  • Billionaire Barry Sternlicht Is Heavily Invested in This 15%-Yielding Dividend Stock for Steady Income Growth

    Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a

  • Saudi National Bank Chair Resigns After Credit Suisse Remark

    (Bloomberg) -- Most Read from BloombergFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayFirst Citizens Buys Silicon Valley Bank After Run on LenderBond Traders Go All-In on US Recession Bets That Defy Fed ViewPutin Ups the Ante With Nukes in BelarusAmmar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped spark a slump in the Swiss lender’s shares. Al Khudairy, who became chairman of Saudi National Bank in 20

  • 'A serious problem': Big South Korean auto firms face heat as State Farm, Progressive now refuse to cover certain models — here’s why these cars are too risky to insure

    This is a TikTok challenge you don’t want to get behind.

  • A $300,000 Annuity Will Pay You This Much Monthly

    When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

  • J.P. Morgan Analysts Say These 2 Stocks Are Their Top Picks for 2023

    In the investing world, the art of “stock picking” is crucial for success; investors must choose the right stocks to invest in to achieve strong returns. Therefore, when Wall Street experts label a stock as a ‘Top Pick,’ it’s a significant indication that the stock has great potential, and investors should take note. Using the TipRanks platform, we’ve looked up the details on two stocks that have recently gotten ‘Top Pick’ designation from the analysts at banking giant J.P. Morgan. So, let’s div

  • Bearish Bets: 3 Stocks You Should Consider Shorting This Week

    Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Children's Place recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.

  • First Citizens Buys Silicon Valley Bank After Run on Lender

    (Bloomberg) -- First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.Most Read from BloombergFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayFirst Citizens Buys Silicon Valley Bank After Run on LenderBond Traders Go All-In on US Recession Bets That Defy Fed ViewPutin Ups the Ante With Nukes in BelarusThe Raleigh, North Carolina-based bank entered into a purchase and assumption agreement for all deposits and

  • Dow Jones Futures Rise, Silicon Valley Bank Sale Close; Microsoft, Tesla Near Buy Points

    Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures. Headlines have been relatively modest so far this weekend, though a deal may be close for FDIC-controlled Silicon Valley Bank. A stock market rally attempt is ongoing, but the indexes have been volatile while breadth has been narrow.

  • Tesla Aggressively Increases Production

    Tesla wants to continue to dominate the automotive industry in the coming years. After seeing the rivals get closer, Elon Musk's group has unleashed an offensive in recent months to repel them. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S.

  • I'm 50. Is This Enough Money to Have in My 401(k) Right Now?

    Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.

  • Panic Around Deutsche Bank Being The 'Next Credit Suisse' Spreads

    The fall of 167-year-old Credit Suisse , which UBS committed to acquire on March 19, has thrown the European banking world in crisis. Shares of Stoxx Europe 600, which is made up of the 600 biggest banks in Europe, are down 4% from a month ago while German giant Deutsche Bank 's stock has been falling for three consecutive days. Over the last few years, Deutsche Bank in particular has been through a lot of tumult.

  • I'm Buying Doug Kass' Case for Schwab

    Real Money writer Doug Kass made mention this week a few times that he is building up a position in Charles Schwab Corporation . The stock has dropped some 30% since the implosion earlier this month in Silicon Valley Bank . Insiders have purchased over $6 million shares in aggregate since SVB's debacle.

  • These Are The 5 Best Stocks To Buy And Watch Now

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

  • Bond Traders Go All-In on US Recession Bets That Defy Fed View

    (Bloomberg) -- Bond investors are piling into wagers that a US recession is around the corner amid a growing dissonance between how markets and the Federal Reserve see the outlook for the economy.Most Read from BloombergFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayFirst Citizens Buys Silicon Valley Bank After Run on LenderBond Traders Go All-In on US Recession Bets That Defy Fed ViewPutin Ups the Ante With Nukes in BelarusThe gap is particularly evident in the yield curve — a

  • Crocs, United Airlines, and 18 Other Stocks for the Next Bull Market

    It’s a good bet that stocks with the greatest sensitivity to liquidity will be outstanding performers during the next bull market.

  • First Citizens Acquires Much of Failed Silicon Valley Bank

    First Citizens Bancshares is buying big pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system.

  • Lululemon, Intel, Carnival, Micron, Walgreens, and More Stocks to Watch This Week

    BioNTech, Carnival, Lululemon, McCormick, Micron, and Walgreens Boots Alliance report this week. Plus, banking regulator testimony, housing data, and consumer confidence.

  • Paying with plastic is so passé: The global chip shortage is causing delays for new credit and debit cards — here’s why it’s past time you made the switch to a digital wallet

    This way you won't have to worry about losing your card ... again.

  • This Table Explains 2023's IRA Required Minimum Distribution (RMD)

    An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.

  • 5 Things to Invest in When a Recession Hits

    When the market is soaring, it's easy to forget that what goes up can also come down. But economic slowdowns tend to be cyclical, which means that another recession is in the future. Whether it's fast-approaching or still a ways off, it's … Continue reading → The post 5 Things to Invest in When a Recession Hits appeared first on SmartAsset Blog.