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.
