July 1, 2024

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Pathward Financial (NASDAQ: CASH) – Pathward Financial released its Embedded Finance Report in June. The report provides perspectives on how executives are embracing the integration of financial services into nonfinancial offerings, as well as the obstacles that are still present for widespread adoption.

SAB BIO (NASDAQ: SABS) – SAB Biotherapeutics is now known as SAB BIO after completing a rebranding in June. The move was made so the company could “closely align with its mission to treat and prevent immune and autoimmune disorders with the use of its unique immunotherapy system.” The stock trading symbol SABS remains the same.

First Interstate BancSystem (NASDAQ: FIBK) – On June 18, First Interstate BancSystem president and CEO Kevin Riley announced that he would be retiring after nine years of service. One of the highlights of Riley’s tenure was the bank’s $13 billion acquisition of Great Western Bancorp in April 2022. Riley also plans to step down from the company’s board once a successor is named.

The Bancorp (NASDAQ: TBBK) – The Bancorp announced that Mark Tryniski joined its board of directors effective May 29. Tryniski brings extensive knowledge and banking industry experience with his most recent role as president and CEO of Community Bank System Inc. from 2006 to 2023.

Wells Fargo (NYSE: WFC) – Wells Fargo has announced the expansion of its Dream. Plan. Home. closing cost credit into an additional 16 metro markets across the country. As of April 30, more than 4,500 customers have taken advantage of the program, which provides up to $5,000 that low- and middle-income families can apply toward the nonrecurring closing costs that can be an obstacle to homeownership.

NorthWestern Energy (NASDAQ: NWE) – On June 28, NorthWestern Energy distributed a 65-cent-per-share dividend to shareholders of record June 14. The company has increased its dividend for 20 consecutive years.

CNH Industrial (NYSE: CNH) – CNH Industrial announced in June that it welcomes a familiar name to the C-suite today. Gerrit Marx succeeds outgoing CEO Scott Wine. Marx returns to CNH from Iveco Group, where he held the title of group CEO since 2022.

Citigroup (NYSE: C) – Citi Global Perspectives and Solutions put out a new report, AI & Finance: Bot, Bank & Beyond, that provides an analysis of how artificial intelligence may change the way consumers and businesses bank in the future. The report predicts that AI could boost the total banking industry’s 2028 profits by 9 percent to bring the number close to $2 trillion.

McDonald’s (NYSE: MCD) – McDonald’s has launched a $5 Meal Deal nationwide to combat the impact that inflation has had on its core consumer base. The company hopes that the deal, in addition to savings consumers can get through the McDonald’s app, will help the fast-food giant boost revenue and earnings.

Walmart (NYSE: WMT) – In an effort to help give its consumers relief from higher prices, Walmart will host Walmart Deals in July. This will be the company’s largest savings event and will provide consumers with thousands of deals on popular items. Walmart+ members will have early access to the event, which starts at 5 p.m. July 8.

Target (NYSE: TGT) – Target has announced a strategic partnership with Shopify Inc. (NYSE: SHOP). The collaboration is designed to streamline the onboarding process for Shopify sellers, allowing them to offer their products directly on Target+.

Macy’s (NYSE: M) – As part of Macy’s Summer’s Greatest Hits initiative, the company launched a line of cookware curated by celebrity chef and restaurateur Guy Fieri. The Flavortown Laser Titanium cookware collection is designed with patented technology that provides a nonstick cooking surface without harmful chemical coatings.

Dillard’s (NYSE: DDS) – June 28 was the last day for investors to be a shareholder of record to collect Dillard’s quarterly dividend of 25 cents per share, which will be paid Aug. 5.

Amazon (NASDAQ: AMZN) – On June 26, Amazon was the latest company to achieve a $2 trillion market capitalization. This puts Amazon in select company with just a handful of businesses. AMZN stock is up 52 percent in the past 12 months as investors reward the company for its investments in artificial intelligence.

Costco (NASDAQ: COST) – Chief financial officer Richard Galanti confirmed to investors the company’s plans to increase its membership fee, saying it’s a matter of when, not if. However, Galanti also said that the company will base its decision on intuition rather than specific data.

Ford Motor (NYSE: F) – Ford defied expectations by reporting record sales in June. The gains were largely related to strong growth in its hybrid and EV segments.

General Motors (NYSE: GM) – In June, General Motors announced that its board of directors approved a $6 billion share repurchase program. This is in addition to the $10 billion accelerated share repurchase the company initiated in November 2023. That authorization is expected to be exhausted sometime in the second quarter of this fiscal year.

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