Sept. 5, 2023

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Pathward Financial (NASDAQ: CASH): To celebrate the company’s accomplishments over the past 12 months, Pathward Financial was invited to ring the closing bell Aug. 24 at the Nasdaq MarketSite. The company rebranded to Pathward Financial in October 2022 and continues to develop programs to fulfill its mission of providing financial access to the underserved.

Also, on Aug. 25, Pathward Financial declared a 5-cent-per-share quarterly dividend, which will be paid Oct. 2 to shareholders of record Sept. 12.

SAB Biotherapeutics (NASDAQ: SABS): The clinical stage biopharmaceutical company reported a net loss of 14 cents per share when it delivered its second quarter earnings Aug. 25. The company has a cash position of $7.8 million on its balance sheet.

First Interstate BancSystem (NASDAQ: FIBK): First Interstate BancSystem reported second quarter earnings July 26. The bank generated earnings per share of 66 cents on revenue of $262.5 million. The earnings were 11 percent higher than the 59 cents reported in the same quarter in 2022. In the earnings announcement, the company reiterated that it would roll out a new suite of consumer credit cards in August, seeing it as an opportunity to expand its customer base.

The Bancorp (NASDAQ: TBBK): In the company’s second quarter earnings report in July, The Bancorp announced a modification and renaming of its Vision 500 program. The company projects $700 million in revenue for Vision 700, by 2030, an increase from the previously stated goal of $500 million.

Wells Fargo (NYSE: WFC): On Aug. 10, Wells Fargo’s home lending division announced $10,000 Homebuyer Access grants available under the company’s special purpose credit program. Eligible homeowners can use the grants for down payments for homes in underserved communities in eight metropolitan areas.

NorthWestern Corp. (NASDAQ: NWE): NorthWestern delivered its second quarter earnings report July 24. The company reported earnings per share of 35 cents on revenue of $290.5 million. Those numbers were lower than the earnings per share of 54 cents on revenue of $323 million that the company reported in the same quarter in 2022.

CNH Industrial (NYSE: CNHI): CNH Industrial launched a series of products across its Case IH, New Holland Agriculture and Raven brand portfolios at the Farm Progress Show. The products showcased CNH’s commitment to delivering the latest in ag-technology and farm products.

Citigroup (NYSE: C): On July 14, Citigroup delivered its second quarter earnings report. The bank reported earnings per share of $1.33 on revenue of $19.44 billion. The numbers were lower than the $19.64 billion revenue and $2.30 earnings per share the bank reported in the same quarter in 2022. On Aug. 25, Citigroup paid a quarterly dividend of 53 cents per share to shareholders of record on Aug. 7. That was higher than the 51 cents per share the company paid in the prior quarter.

McDonald’s (NYSE: MCD): On Aug. 14, McDonald’s launched the “As Featured In” Meal, a collection of fan-favorite menu items that have made iconic appearances throughout film, television and music. The meals will be available in over 100 countries and will include exclusive merchandise.

Walmart (NYSE: WMT): Walmart was a shining star in a dismal earnings season for retailers. In August, the company reported earnings per share of $1.84 on revenue of $161.63 billion. Both numbers beat results from the same quarter the prior year when the company reported earnings per share of $1.69 on revenue of $160.22 billion. The company cited continued strength in its omnichannel initiatives as a key driver of its strong growth in the quarter.

Target (NYSE: TGT): As expected, weak sales and retail theft were key themes mentioned by Target when it reported earnings Aug. 16. The company lowered its guidance for the rest of the year. However, the retailer beat earnings expectations by coming in at $1.80 per share.

Macy’s (NYSE: M): Citing robust data science tools, Macy’s beat analysts’ expectations on the top and bottom lines when it reported earnings Aug. 22. However, the numbers were still far lower on a year-over-year basis, alluding to the idea that the consumer is still under pressure. Separately, Macy’s launched four small-format stores in the Northeast and Western regions. This goes along with the eight small-format Market by Macy’s stores that the company opened in the Midwest.

Amazon (NASDAQ: AMZN): Amazon outperformed the broader market in August. Amazon stock is up 4 percent after the company beat on the top and bottom lines when it reported earnings Aug. 3. One of the nice surprises the company reported was that the retail division has returned to profitability, showing that the company’s investments to double its footprint have begun to pay off.

Costco (NASDAQ: COST): On Aug. 9, Costco announced a dividend of $1.02 per share that will be paid Sept. 9 to shareholders of record on Aug. 25. In late August, the company also announced the return of its popular cherry Danish pastry.

Ford Motor (NYSE: F): Ford Motor announced that it was resuming production for its F-150 Lightning at its Rouge Electric Vehicle Center after a six-week retooling and expansion project. After the renovation, the plant is on track to triple its production capacity and is targeting an annual run rate of 150,000 units by this fall.

General Motors (NYSE: GM): General Motors will lead a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. The automaker forecasts that the investment will help accelerate its commercialization of affordable electric vehicle batteries.

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