Dec. 2, 2024

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Pathward Financial (NASDAQ: CASH) — In November, Pathward Financial announced an expanded strategic partnership with BridgePeak Energy Capital, the nation’s leading renewable energy lender service provider. The partnership will work toward implementing a digital-first loan platform for renewable energy projects. This will allow Pathward to provide solutions for solar and storage projects in addition to its current focus on biogas, waste-to-value hydrogen fuel cells and electric vehicle charging infrastructure projects.

SAB Bio (NASDAQ: SABS) — Clinical-stage biotechnology company SAB Bio released its third quarter earnings report in November and provided several key updates. The company completed enrollment for its phase one study for its lead candidate, SAB-142, with no observed serum sickness. It remains on schedule to release top-line data from the study by the end of 2024. In addition, SAB Bio anticipates having enough cash to fund its operations through 2026.

First Interstate BancSystem (NASDAQ: FIBK) — In its third quarter earnings report, the bank announced that commercial lending had increased. Its $10.5 billion commercial loan portfolio makes up 58 percent of total loans. Montana has the largest concentration of those loans, representing 17 percent of the bank’s loan portfolio.

The Bancorp (NASDAQ: TBBK) — In December, The Bancorp will host two events in Florida aimed at helping organizations streamline the procurement, management and maintenance of their vehicles and equipment. The first event, Lawn Doctor, will be in Charlotte Harbor from Dec. 8-10; the second, Weedman, will be in Orlando from Dec. 11-13.

Wells Fargo (NYSE: WFC) — The incoming Trump administration’s anticipated lower regulation may allow Wells Fargo to shed the $1.95 trillion asset cap imposed on the bank by the Federal Reserve in 2018. The cap has cost the bank more than $10 million in earnings.

NorthWestern Energy (NASDAQ: NWE) — Engineering students at South Dakota State University are gaining hands-on experience in renewable energy through a partnership with NorthWestern Energy, which includes classroom presentations and site tours such as a visit Nov. 19 to the company’s renewable natural gas station in Brookings.

CNH Industrial (NYSE: CNH) — In November, CNH Industrial published the ninth edition of A Sustainable Year, the company’s magazine that spotlights its progress and positive impact in building a sustainable future. CNH Industrial also reported its quarterly earnings, delivering an earnings per share of 24 cents on revenue of $4.65 billion.

Citigroup (NYSE: C) — On Nov. 8, Citigroup announced it was lowering its base lending rate from 8 percent to 7.75 percent. As part of a series of other initiatives, the bank announced a minority investment in the programmatic mortgage infrastructure provider Pylon. In addition to the financial investment, Citi is integrating the industry-leading liquidity of its mortgage trading desk directly into the Pylon platform.

McDonald’s (NYSE: MCD) — In response to the E. coli outbreak in October, McDonald’s updated consumers Nov. 14 that the FDA confirmed there were no food safety concerns at its restaurants. In addition, a CDC report noted the risk to public health had remained “very low” for three weeks. McDonald’s announced it had identified an alternate slivered onion supplier for approximately 900 restaurants.

Walmart (NYSE: WMT) — Walmart announced its third quarter earnings report Nov. 19. The company generated earnings per share of 58 cents on revenue of $169.59 billion. Both numbers were higher year over year, which highlights the key role that Walmart plays as consumers continue looking for value.

Target (NYSE: TGT) — Target announced revenue of $25.24 billion and earnings per share of $1.85 in its latest quarterly earnings report. Both numbers were lower than analyst expectations and lower year over year. However, the company had aggressive Black Friday promotions to help win over customers. Target is also the exclusive retailer for the “Taylor Swift | The Eras Tour” book, which became available on Black Friday. 

Macy’s (NYSE: M) — Macy’s surprised investors, and not in a good way, by releasing a partial earnings report in November. The company announced an ongoing “independent” investigation into erroneous accounting practices stemming from its discovery that an employee hid over $100 million in expenses. Macy’s is planning to release a complete earnings report Dec. 11.

Dillard’s (NYSE: DDS) — Dillard’s reported quarterly net income of $124.6 million, or $7.73 per share, in the quarter ending Oct. 31. That was lower than the prior year, which corresponds to the company’s announcement that comparable store sales had decreased by 4 percent.

Amazon (NASDAQ: AMZN) — Amazon was one of the big winners this earnings season, posting revenue of $158.8 billion and an earnings per share of $1.43. Both numbers were higher than those from the prior year. The company also announced a $4 billion investment in the artificial intelligence startup Antropic to help ensure it doesn’t fall behind in the AI race.

Costco (NASDAQ: COST) — Costco reported net sales of $20.03 billion for the four weeks ending Nov. 3, a 7.2 percent increase from the prior year. The retailer also reported an 8 percent year-over-year gain in net sales, which came in at $44.65 billion.

Ford Motor (NYSE: F) — Ford Motor delivered solid quarterly earnings with an earnings per share of 49 cents on revenue of $46.20 billion. However, the company does face uncertainty regarding the proposed Trump administration tariffs.

General Motors (NYSE: GM) — General Motors stock was down more than 5 percent in November. Like Ford and other automakers, GM is concerned about the effects of potential Trump administration tariffs.

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