About Amalgamated Financial Corp. - Common Stock (AMAL)
Amalgamated Financial Corp is a financial institution that provides a range of banking services, primarily aimed at socially responsible individuals and organizations. The company focuses on delivering personal and commercial banking solutions, including checking and savings accounts, loans, and investment services. With a strong commitment to ethical practices, Amalgamated Financial Corp promotes values-based banking by supporting progressive initiatives and sustainable development projects. Additionally, the institution emphasizes community engagement and aims to create positive social impact through its financial services and operations. Read More
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Shares of socially responsible bank Amalgamated Financial (NASDAQ:AMAL) fell 5.8% in the afternoon session after an analyst at Piper Sandler downgraded the stock to “Underweight” from “Neutral,” citing potential political and regulatory pressures. The investment firm also slashed its price target to $27 from $34.
Socially responsible bank Amalgamated Financial (NASDAQ:AMAL) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.8% year on year to $82.18 million. Its non-GAAP profit of $0.88 per share was 1.1% above analysts’ consensus estimates.
Socially responsible bank Amalgamated Financial (NASDAQ:AMAL) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.8% year on year to $82.18 million. Its non-GAAP profit of $0.88 per share was 1.1% above analysts’ consensus estimates.
Socially responsible bank Amalgamated Financial (NASDAQ:AMAL) will be reporting results this Thursday before market hours. Here’s what investors should know.
Socially responsible bank Amalgamated Financial (NASDAQ:AMAL) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $76.98 million. Its non-GAAP profit of $0.88 per share was 10% above analysts’ consensus estimates.
GS Power Partners (GSPP), a leading Independent Power Producer in the distributed generation (DG) solar sector, today announced it has secured a $22 million term financing commitment from Amalgamated Bank (Nasdaq: AMAL). The financing package encompasses five GSPP community solar projects in New York, totaling 25.5 megawatts (MWdc).
Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. This team of industry experts will lead the bank’s efforts to execute on the potential of the $27B Greenhouse Gas Reduction Fund (“GGRF”).
