MarketBeat December market recap

Jan. 2, 2023

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Pathward Financial (NASDAQ: CASH) – On Jan. 2, Pathward Financial issued a cash dividend of 5 cents per share to shareholders of record Dec. 8. The bank is scheduled to report first quarter earnings Jan. 25.

SAB Biotherapeutics (NASDAQ: SABS) – On Dec. 7, SAB Biotherapeutics announced it entered into a securities purchase agreement for the private placement of 7.3 million shares of its common stock and warrants to purchase an equal number of common stock shares.

First Interstate BancSystem (NASDAQ: FIBK) – First Interstate BancSystem is scheduled to report earnings Jan. 26. Analysts expect the company to post $1.05 in earnings per share on $314 million of revenue.

The Bancorp (NASDAQ: TBBK) – The Bancorp is scheduled to report fourth quarter earnings Jan. 26. For the first three quarters, the company is ahead of 2021’s revenue pace by 5 percent and is ahead in earnings per share by 10 percent.

Wells Fargo (NYSE: WFC) – On Dec. 1, Wells Fargo issued a cash dividend of 30 cents per share to shareholders of record Nov. 4. The bank is scheduled to report fourth quarter earnings Jan. 13.

NorthWestern Energy (NASDAQ: NWE) – On Dec. 30, NorthWestern Energy issued a cash dividend of 63 cents per share to shareholders of record by Dec. 15. The company has increased its dividend in the past 17 consecutive years. On Dec. 31, chief executive officer Bob Rowe retired after 14 years at the helm.

CNH Industrial (NYSE: CNHI) – On Dec. 7-8, CNH Industrial hosted Tech Day, an opportunity to showcase how the company’s precision technology solutions drive productivity for its customers.

Citigroup (NYSE: C) – On Dec. 15, Citigroup announced that it would wind down its consumer banking business in China in April. The move is a part of the company’s global strategy to exit consumer franchises in 14 Asian, European, Middle Eastern, African and Mexican markets. Citigroup is scheduled to issue its fourth quarter earnings report Jan. 13.

McDonald’s (NYSE: MCD) – On Dec. 15, McDonald’s issued a cash dividend of $1.52 per share to shareholders of record Dec. 1. The company is scheduled to report its fourth quarter earnings Jan. 26.

Walmart (NYSE: WMT) – On Dec. 20, Walmart announced it surpassed the first threshold for finalizing its $3.1 billion nationwide opioid settlement framework that it introduced Nov. 15. The company now has settlement agreements with all 50 states, the District of Colombia, Puerto Rico and four additional U.S. territories.

Target (NYSE: TGT) – Target issued a cash dividend of $1.08 per share Dec. 10 to shareholders of record by Nov. 16. Because of suffocation risks, the company also has been ordered to recall over 200,000 Pillowfort-branded weighted blankets for children.

Macy’s (NYSE: M) –Macy’s will issue a cash dividend of 15 cents per share Jan. 3 to shareholders of record Dec. 15.

Amazon (NASDAQ: AMZN) – Amazon stock closed out 2022 down nearly 50 percent, but analysts still consider AMZN stock a moderate buy with a potential upside of over 78 percent.

Costco (NASDAQ: COST) – Costco reported first quarter earnings Dec.  8. The warehouse club posted $3.07 earnings per share on revenue of $53.44 billion. Both numbers were higher than in the same quarter in the prior year.

Ford Motor (NYSE: F) – On Dec. 1, Ford Motor issued a cash dividend of 15 cents per share to shareholders of record Nov. 15. The stock was down nearly 50 percent in 2022 because of analysts’ concerns about the company’s EV sales pace.

General Motors (NYSE: GM) – General Motors issued a cash dividend of 9 cents per share Dec. 15 to shareholders of record Dec. 2. The stock closed the year down nearly 42 percent.

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MarketBeat December market recap

Earnings season is ahead, and Citi is making a big move out of consumer business overseas. Here’s our monthly look at news from stocks of local interest courtesy of MarketBeat.

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