May 1, 2023

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Pathward Financial (NASDAQ: CASH) – Pathward Financial delivered its second quarter earnings report April 26. At a time when local and regional banks are under intense scrutiny, the bank beat estimates for revenue and earnings, and reported that it has over $4 billion in liquidity on its balance sheet.

SAB Biotherapeutics (NASDAQ: SABS) – On April 13, SAB Biotherapeutics was granted fast track designation by the U.S. Food & Drug Administration for its investigational therapeutic SAB-176 as a treatment for Type A and Type B influenza illness in high-risk patients.

First Interstate BancSystem (NASDAQ: FIBK) – FIBK stock is down 33 percent in 2023, but most of that is related to fear surrounding the entire sector. But First Interstate operates in six Northern Plains and Pacific Northwest states, and according to one institutional investor, “These are markets that tend to be more consolidated and less competitive, resulting in higher margins and returns relative to industry peers.”

The Bancorp (NASDAQ: TBBK) – The Bancorp was named a Readers’ Choice Top Employer by Equal Opportunity and Careers & the disABLED magazines. This award marked the fourth year and second consecutive time that these publications recognized The Bancorp.

Wells Fargo (NYSE: WFC) – On April 14, Wells Fargo delivered its first quarter earnings report. The bank beat expectations on the top and bottom lines with earnings per share of $1.23 on revenue of $20.73 billion. However, the stock is still struggling after CEO Charlie Scharf told shareholders that the bank has much more work to do to resolve its regulatory issues.

NorthWestern Energy (NASDAQ: NWE) – In the company’s annual investor presentation, NorthWestern Energy reported that it is forecasting $2.4 billion of low-risk capital investment opportunities over the next five years. This is expected to drive annualized rate base growth of 4 percent to 5 percent.

CNH Industrial (NYSE: CNHI) – In April, CNH Industrial announced that it had completed the divestiture of its business activities in Russia. The total consideration was approximately $60 million. The company paid an annual dividend of 38 cents per share to shareholders of record on April 26. That marked a 22 percent increase from the previous annual dividend of 31 cents per share.

Citigroup (NYSE: C) – On April 14, Citigroup reported its first quarter earnings report. The bank delivered earnings per share of $2.19 on revenue of $21.40 billion. Both numbers beat analysts’ expectations. The company later announced a quarterly dividend of 51 cents per share, which will be paid to shareholders of record on May 1.

McDonald’s (NYSE: MCD) – On April 25, McDonald’s delivered its first quarter earnings report. The company reported earnings per share of $2.63 on revenue of $5.9 billion. The company is benefiting from pricing power, but management said inflation remains an issue, and customers are resisting price increases in some markets.

Walmart (NYSE: WMT) – Walmart is taking a leadership role in embracing artificial intelligence. The company will invest in supply chain automation to streamline certain aspects of its business. And the company is using AI in the form of chatbots to negotiate with suppliers to procure items such as shopping carts.

Target (NYSE: TGT) – Target piloted a curbside return program at about 500 stores in the first quarter of 2023. The retailer is making this move to hold on to customers who enjoyed this service during the pandemic. Customers must have liked what they saw because Target plans to roll the program out nationwide in the coming months.

Macy’s (NYSE: M) – On April 3, Macy’s paid out a cash dividend of 16 cents per share to shareholders of record on March 15. In late March, the company also announced the culmination of an executive search to replace CEO Jeff Gennette, who is stepping down in February 2024 after a 40-year career with the company.

Amazon (NASDAQ: AMZN) – The retail giant continues to show that it can be a market-moving stock. On April 27, Amazon reported first-quarter earnings. Although it beat on the top and bottom lines, the stock dropped on concerns about slowing growth in the tech giant’s cloud computing division.

Costco (NASDAQ: COST) – In early April, Costco reported $21.71 billion of net sales in the five weeks ending April 2. That was an increase of 0.5 percent from the same month in 2022. And on April 19, the board of directors approved a quarterly increase of its dividend from 90 cents to $1.02 per share. The first dividend being paid out under the new amount will be issued May 16.

Ford Motor (NYSE: F) – Ford is investing $1.8 billion in Canadian dollars to transform its Oakville Assembly Complex in Ontario into a Canadian hub of electric vehicle manufacturing. The site will include vehicle and battery pack assembly. Ford said this is a key element in its broader strategic plan to reach a global production run rate of 2 million EVs annually by the end of 2026.

General Motors (NYSE: GM) – On April 25, General Motors delivered its first quarter earnings report. The company beat on both the top and bottom lines. Revenue came in at $39.99 billion for earnings per share of $2.21. Both numbers were higher than in the same quarter the prior year.

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