Feb. 5, 2024

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Pathward Financial (NASDAQ: CASH) – In January, Pathward Financial announced a multiyear extension to its long-standing partnership with the global fintech company Ouro. The companies will work together on innovative product ideas and expanding product offerings for a range of programs that already exist or are under development.

In other news, the company delivered its earnings report for the first quarter of its 2024 fiscal year. Pathward reported earnings per share of $1.06 on revenue of $162.8 million.

SAB Biotherapeutics (NASDAQ: SABS) – On Jan. 2, SAB Biotherapeutics announced a 1-for-10 reverse stock split. The company’s board of directors authorized this action primarily to keep SABS stock in compliance with the NASDAQ minimum bid price requirement.

First Interstate BancSystem (NASDAQ: FIBK) – On Jan. 26, First Interstate BancSystem announced significant changes to its consumer overdraft practices. The bank will reduce fees and give clients flexible options such as the elimination of non-sufficient funds fees and reducing overdraft fees.

First Interstate also reported earnings for the fourth quarter on Jan. 31. The bank delivered earnings per share of 59 cents on net income of $61.5 million.

The Bancorp (NASDAQ: TBBK) – On Jan. 25, The Bancorp announced its fourth quarter and full year 2023 earnings report. The bank delivered non-GAAP adjusted diluted earnings per share of 95 cents on net income of $44 million for the quarter.

Wells Fargo (NYSE: WFC) – Wells Fargo released its 2024 Wells Fargo Impact of Women-Owned Business Report. The report shows that women-owned businesses represent 39 percent of all businesses, and the growth of women-owned businesses is outpacing the market.

The bank also released its fourth quarter 2023 earnings report. The bank reported adjusted earnings per share of 86 cents on revenue of $20.48 billion. The bank also announced it would be paying a dividend of 35 cents per share to shareholders of record as of Feb. 2.

NorthWestern Energy (NASDAQ: NWE) – An Arctic blast that covered a large swath of Montana caused an electric-peak load that exceeded its record from December 2022. Despite this, NorthWestern Energy’s natural gas system supplied a record quantity of natural gas to its customers.

CNH Industrial (NYSE: CNHI) – CNHI product designs from its Case IH and New Holland brands received four Good Design Awards as determined by the Chicago Athenaeum Museum of Architecture and Design and Metropolitan Arts Press Ltd.

Citigroup (NYSE: C) – This month, Citigroup launched Citi Shop to eligible U.S. Citi credit card members. Citi Shop is a free shopping desktop browser extension that automatically searches for available coupons at over 5,000 online merchants to help card members save time and money.

The bank delivered its fourth quarter 2023 earnings on Jan. 12, reporting negative earnings per share of $1.16 on revenue of $17.44 billion.

McDonald’s (NYSE: MCD) – McDonald’s released its annual economic impact report on Jan. 23. The study, which is conducted in partnership with analysis firm Oxford Economics shows five ways McDonald’s is advancing opportunities throughout its U.S. business. Full results can be seen at mcdeconomicimpact.com

Walmart (NYSE: WMT) – On Jan. 30, Walmart’s board of directors announced a 3-for-1 stock split as part of its ongoing review of optimal trading and spread levels. It’s also part of the company’s commitment to ensure that its employees can believe that purchasing shares is within reach.

Target (NYSE: TGT) – Despite a challenging retail environment, Target managed to open 21 stores in 10 states last year. The stores run the gamut from traditional large-format stores in sprawling suburbs to smaller-format stores in bustling urban hubs and college campuses.

Macy’s (NYSE: M) – From Jan. 15 through Feb. 29, Macy’s is highlighting its commitment to Black-owned, -founded and -designed brands with a special roundup-at-the-register and online donation campaign benefiting the United Negro College Fund.

Amazon (NASDAQ: AMZN) – On Jan. 29, Amazon and iRobot announced that they had mutually agreed to terminate an acquisition agreement in which Amazon would have acquired iRobot for cash consideration. The companies cited the lack of a path forward to regulatory approval with the European Union as a reason for the decision.

Costco (NASDAQ: COST) – On Jan. 4, Costco announced December sales results. The company delivered net sales of $26.15 billion, which was an increase of 9.9 percent from the $23.8 billion it recorded in December 2022. The company also announced a dividend of $1.02 per share, which will be payable Feb. 16 to shareholders on record as of Feb. 2.

Ford Motor (NYSE: F) – On Jan. 19, Ford Motor Co. announced plans to start a third crew at its assembly plant in Wayne, Michigan, to meet increased demand for its popular Bronco and Bronco Raptor as well as the all-new Ranger and Ranger Raptor. The decision will create up to 900 jobs.

General Motors (NYSE: GM) – On Jan. 25, General Motors and Honda Motors announced the start of production at their Fuel Cell System Manufacturing LLC in Michigan. This is the first large-scale manufacturing joint venture to build fuel cells.

Also on Jan. 30, General Motors delivered its fourth quarter and full-year earnings report. For the quarter, the company generated earnings per share of $1.24 on revenue of $42.98 billion.

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