Nordstrom Reports Third Quarter 2024 Earnings
3 Best New Meme Coins to Join in December 2024: Your Ticket to Crypto RichesNorthwest Bancshares Inc. lessened its holdings in JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,877 shares of the financial services provider’s stock after selling 6,110 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.3% of Northwest Bancshares Inc.’s investment portfolio, making the stock its 12th largest position. Northwest Bancshares Inc.’s holdings in JPMorgan Chase & Co. were worth $7,565,000 at the end of the most recent quarter. Several other hedge funds have also recently added to or reduced their stakes in JPM. WFA Asset Management Corp increased its stake in shares of JPMorgan Chase & Co. by 51.2% in the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 412 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $1,185,000. Freestone Capital Holdings LLC grew its position in JPMorgan Chase & Co. by 4.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 106,829 shares of the financial services provider’s stock valued at $21,398,000 after purchasing an additional 4,296 shares during the period. EP Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 640,857 shares of the financial services provider’s stock valued at $128,364,000 after purchasing an additional 4,253 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 167,057 shares of the financial services provider’s stock valued at $33,462,000 after purchasing an additional 6,280 shares during the period. Institutional investors own 71.55% of the company’s stock. JPMorgan Chase & Co. Trading Up 1.5 % Shares of JPM stock opened at $248.55 on Friday. The stock has a market capitalization of $699.75 billion, a PE ratio of 13.83, a P/E/G ratio of 3.55 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $152.71 and a 1-year high of $249.15. The business has a 50-day moving average of $223.14 and a 200 day moving average of $211.90. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.01%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%. Wall Street Analyst Weigh In JPM has been the topic of a number of recent analyst reports. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Citigroup boosted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $229.31. View Our Latest Stock Report on JPMorgan Chase & Co. About JPMorgan Chase & Co. ( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Featured Articles Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter .Another recount won't be ordered in a North Carolina court race, but protests are ahead
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Fresh off its biggest win of the season, Penn State plays its first true road game Tuesday when it visits Rutgers in Piscataway, N.J. Aces will be wild for the Nittany Lions (8-1, 1-0 Big Ten) and the Scarlet Knights (5-4, 0-1) as Penn State's Ace Baldwin Jr. will square off against Ace Bailey of Rutgers. Baldwin is the Nittany Lions' leading scorer at 15.1 points per game and dishes out 8.1 assists -- fourth in the nation entering Monday's action. He registered 17 points and six assists Thursday in an 81-70 victory over then-No. 8 Purdue in a game where Penn State led by as many as 27. Freddie Dilione V chipped in 14 points for the Nittany Lions, who had not defeated a Top 10 team since 2019. "A win like that's a statement win," Dilione said. "I just think it's going to put everybody on notice. We're just a walkover team. We're always going be the underdogs, and that's our mentality. We've just got to come in every game and just punch everybody in the mouth." Penn State must be careful not to suffer a letdown against a talented Rutgers squad led by freshmen Dylan Harper (23.1 points per game) and Bailey (17.9). The duo combined for 30 points in the Scarlet Knights' last game -- an 80-66 setback at Ohio State. The defeat was the fourth in the last five games for Rutgers, which plays seven of its next eight in New Jersey. "We've got to get better," Scarlet Knights coach Steve Pikiell said. "We got to get some more consistency out of a lot of things, especially our defense. Can't give up 80 points on the road and expect to win in this league." In last season's meeting with Penn State, it was offense that was Rutgers' biggest issue. The Scarlet Knights shot just 1-of-17 from 3-point range and 34 percent overall in a 61-46 home defeat. "(It's about) finding ways of how to bounce back as a team and staying together," Harper said. "Even though we lose, we're still going to find a way." --Field Level MediaThere are two big blowouts currently in the early window of NFL games, including one involving the New England Patriots. The Pats are currently down 31-0 to the Miami Dolphins on the road. After three quarters, New England has only 184 yards of total offense and is on the verge of falling to 3-9 on the season under first-year head coach Jerod Mayo. Mayo was a star as a player for the Pats before becoming a long-time assistant, where he earned the attention of owner Robert Kraft. Kraft entrusted Mayo to replace Bill Belichick as head coach, but his job performance so far has not been good. Some fans have already lost patience, taking to social media to advocate for Mayo's dismissal on Sunday. "If Kraft is serious about winning he fires Mayo and does whatever it takes to hire Ben Johnson. Right now the Patriots are one of the worst coached teams in the league," one fan said. Icon Sportswire/Getty Images "The Krafts absolutely have to fire Mayo, Covington and Van Pelt tonight. This simply cannot go on. All three must go tonight. Total humiliation thanks to the worst coaches in football," a second fan added. "Other than 'you can’t fire him after one year' what other reason is there to bring mayo back? What is he good at?" a third fan asked. "Fire Mayo. I haven’t seen anything that will tell me he’ll ever be a good coach," a fourth fan added. "Can we fire mayo already?" a fifth fan chimed in. The Patriots have personnel issues, in addition to whatever struggles Mayo is having. The offensive line is porous, they don't have enough skill position talent, and their defense has dealt with some noteworthy absences this year. However, with rookie quarterback Drake Maye looking impressive early, there is some hope in Foxboro. It just remains to be seen if Mayo will be the guy to stick around and try to deliver on that promise. Related: Entire NFL Team Accused Of 'Quitting' On 2024 Season
Commerce Bank Purchases 1,760 Shares of CenterPoint Energy, Inc. (NYSE:CNP)WASHINGTON — President Joe Biden said Sunday that the sudden is a “fundamental act of justice” after decades of repression, but it was “a moment of risk and uncertainty” for the Mideast. Biden spoke at the White House hours after after rebel groups completed a takeover of the country after more than a dozen years of violent civil war and decades of leadership by Assad and his family. Biden said the United States was unsure of Assad's whereabouts, but was monitoring reports he was seeking refuge in Moscow. The outgoing Biden administration and President-elect Donald Trump were working to make sense of new threats and opportunities across the Middle East. Biden credited action by the U.S. and its allies for weakening Syria's backers — Russia, Iran and Hezbollah. He said “for the first time” that they could no longer defend Assad's grip on power. “Our approach has shifted the balance of power in the Middle East," Biden said, after a meeting with his national security team at the White House. Trump said Sunday that Assad had fled his country, which his family had ruled for decades, because close ally Vladimir Putin, the Russian president, “was not interested in protecting him any longer.” Those comments on Trump's social media platform came a day after he used another post to decry the possibility of the U.S. intervening militarily in Syria to aid the rebels, declaring, “THIS IS NOT OUR FIGHT." The Biden administration had no intention of intervening, according to President Joe Biden's national security adviser. The U.S has about 900 troops in Syria, including forces working with Kurdish allies in the opposition-held northeast to prevent any resurgence of the Islamic State group. Biden said he intended those for troops to remain, adding that U.S. forces on Sunday conducted “dozens” of what he called “precision air strikes" on Islamic State camps and operations in Syria. The Syrian opposition that brought down Assad is led by Hayat Tahrir al-Sham. The Biden administration has designated the group as a terrorist organization and says it has links to al-Qaida, although Hayat Tahrir al-Sham says it has since broken ties with al-Qaida. “We will remain vigilant,” Biden said. “Make no mistake, some of the rebel groups that took down Assad have their own grim record of terrorism and human rights abuses.” He added that the groups are “saying the right things now.” “But as they take on greater responsibility, we will assess not just their words, but their actions,” Biden said. Assad's fall adds to an already tense situation throughout much of region on many fronts, including Israel's war with Hamas in Gaza and its fragile cease-fire with Hezbollah in Lebanon. Trump, who takes office Jan. 20, 2025, made a connection between the upheaval in Syria and Russia's war in Ukraine, noting that Assad's allies in Moscow, as well as in Iran, the main sponsor of Hamas and Hezbollah, “are in a weakened state right now.” Vice President-elect J.D. Vance, a veteran of the U.S.-led war in Iraq, wrote on own social media Sunday to express skepticism about the insurgents. “Many of ‘the rebels’ are a literal offshoot of ISIS. One can hope they’ve moderated. Time will tell,” he said, using another acronym for the group. Trump has suggested that Assad's ouster can advance the prospects for an end to fighting in Ukraine, which was invaded by Russia in February 2022. Trump wrote that Putin's government “lost all interest in Syria because of Ukraine” and the Republican called for an immediate cease-fire, a day after meeting in Paris with the French and Ukrainian leaders. Daniel B. Shapiro, a deputy assistant secretary of defense for the Middle East, said the American military presence will continue in eastern Syria but was “solely to ensure the enduring defeat of ISIS and has nothing to do with other aspects of this conflict.” “We call on all parties in Syria to protect civilians, particularly those from Syria’s minority communities to respect international military norms and to work to achieve a resolution to include the political settlement,” Shapiro said. “Multiple actors in this conflict have a terrible track record to include Assad’s horrific crimes, Russia’s indiscriminate aerial bomb bombardment, Iranian-back militia involvement and the atrocities of ISIS," he added. Shapiro, however, was careful not to directly say Assad had been deposed by the insurgents. “If confirmed, no one should shed any tears over the Assad regime,” he said. As they pushed toward the Syrian capital of Damascus, the opposition freed political detainees from government prisons. The family of missing U.S. journalist Austin Tice renewed calls to find him. “To everyone in Syria that hears this, please remind people that we’re waiting for Austin,” Tice’s mother, Debra, said in comments that hostage advocacy groups spread on social media. "We know that when he comes out, he’s going to be fairly dazed & he’s going to need lots of care & direction. Direct him to his family please!” Tice disappeared in 2012 outside Damascus, amid intensification of what became a civil war stretching more than a decade. We’ve remained committed to returning him to his family,” Biden said at the White House. "We believe he’s alive, we think we can get him back but we have no direct evidence to that yet. And Assad should be held accountable.” The president added: “We have to identify where he is."24 states' attorneys general call on Supreme Court to keep biological boys out of girls sports
Minnesotans’ generosity on this year’s Give to the Max Day surpassed the previous record by almost $3 million. It’s a pleasant surprise for Give MN’s executive director Jake Blumberg, who said he had concerns given the current divisive economic climate. “I think we all know right now that prices have been high at checkout lanes throughout our lives and nonprofits have been experiencing the same thing,” Blumberg said. “ And it seems to us that donors really recognized that and wanted to step up to help the organizations that help their neighbors.” In 2020, Give MN saw the state break $30 million in donations, and it’s been consistently increasing since then. Blumberg said this shows Minnesotans care deeply about one another and Give to the Max gives them a chance to find common ground. This year saw more donations than years before and in higher amounts. The average donation went from $117 over the last few years to $134. “Will that trend continue? We sure hope it does, because the need for support from donors is going to continue to be at historic levels,” he said. “We know the need has only grown since 2020 and it’s certainly anticipated to continue growing. So hopefully donors continue to meet that challenge.” Nationally, donation trends have plateaued, but Blumberg says Minnesota has been an outlier since the pandemic. “There have been multiple years now where other giving events, like Give to the Max Day and other giving trends around individual donors have showed declines, and Minnesota has bucked those national trends, and this is one of those years,” Blumberg said. Blumberg said people give based on their values. Compared to previous years, more contributions were made to organizations that prioritized direct and social services, in addition to hunger relief organizations and those supporting unsheltered people and animals.
WATERTOWN, Mass., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Tectonic Therapeutic, Inc. (NASDAQ: TECX) (Tectonic), a clinical stage biotechnology company focused on the discovery and development of therapeutic proteins and antibodies that modulate the activity of G-protein coupled receptors (GPCRs), today announced that Alise Reicin, MD, President and Chief Executive Officer, will present at the Piper Sandler 36th Annual Healthcare Conference being held in New York on December 3-5, 2024. For more information regarding one-on-one meetings, please contact your Piper Sandler representative. The live webcast can also be accessed under “ Events & Presentations ” on the Investors section of the Tectonic website at www.tectonictx.com . Once the conference has concluded, a replay of the webcast will be available on the Company’s website for approximately 90 days. About Tectonic Tectonic is a clinical-stage biotechnology company focused on the discovery and development of therapeutic proteins and antibodies that modulate the activity of G-protein coupled receptors (GPCRs). Leveraging its proprietary GEODeTM (GPCRs Engineered for Optimal Discovery) technology platform, Tectonic is focused on developing biologic medicines that overcome the existing challenges of GPCR-targeted drug discovery and harness the human body to modify the course of disease. Tectonic focuses on areas of significant unmet medical need, often where therapeutic options are poor or nonexistent, as these are areas where new medicines have the potential to improve patient quality of life. Tectonic is headquartered in Watertown, Massachusetts. For more information, please visit www.tectonictx.com and follow on LinkedIn . Investors: Dan Ferry LifeSci Advisors daniel@lifesciadvisors.com (617) 430-7576 Media: Kathryn Morris The Yates Network kathryn@theyatesnetwork.com (914) 204-6412
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Stitch Fix Inc. (SFIX) on Tuesday reported a loss of $6.3 million in its fiscal first quarter. The San Francisco-based company said it had a loss of 5 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. The online clothing styling service posted revenue of $318.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $306.1 million. For the current quarter ending in January, Stitch Fix said it expects revenue in the range of $290 million to $300 million. The company expects full-year revenue in the range of $1.14 billion to $1.18 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on SFIX at https://www.zacks.com/ap/SFIXATLANTA — On Jan. 18 and 19 the AT&T Playoff Playlist Live! will be held at State Farm Arena in advance of the College Football Playoff national championship on Jan. 20. The star-studded lineup was announced Thursday at a news conference at Mercedes-Benz Stadium. Performances will include Lil Wayne and GloRilla on Saturday; and Camila Cabello, Myles Smith and Knox on Sunday. On game day, the Allstate Championship Tailgate, taking place just outside Mercedes-Benz Stadium in the Home Depot Backyard, will feature country acts on the Capital One Music Stage, including global superstar Kane Brown and iHeartCountry “On The Verge” artist Ashley Cooke. The concerts are just two of the festivities visiting fans can enjoy in the days leading up to the big game. The fan experience for both ticket holders and the general public has been a focus for event planners. All weekend long, an estimated 100,000 people from across the country are expected to attend fan events preceding kickoff. “It will be an opportunity for fans of all ages to come together to sample what college football is all about, and you don’t have to have a ticket to the game to be a part of it,” said Bill Hancock, executive director of the CFP in a press release. “We’ve worked closely with the Atlanta Football Host Committee to develop fan-friendly events that thousands will enjoy come January.” On Saturday, Jan. 18, Playoff Fan Central will open at the Georgia World Congress Center in downtown Atlanta. The free, family-friendly experience will include games, clinics, pep rallies, special guest appearances, autograph signings and exhibits celebrating college football and its history. That day, fans can also attend Media Day, presented by Great Clips, which will feature one-hour sessions with student-athletes and coaches from each of the College Football Playoff national championship participating teams. ESPN and social media giants X, Facebook, Instagram and TikTok will be taping live broadcasts from the event. On Sunday, Jan. 19, the Trophy Trot, both a 5K and 10K race, will wind its way through the streets of downtown Atlanta. Each Trophy Trot participant will receive a T-shirt and finisher’s medal. Participants can register at . On Sunday evening, the Georgia Aquarium will host the Taste of the Championship dining event, which offers attendees the opportunity to indulge in food and drink prepared by local Atlanta chefs. This premium experience serves as an elevated exploration of local cuisine on the eve of the national championship. Tickets to the Taste of the Championship event are available on . Atlanta is the first city ever to repeat as host for the CFP national championship. The playoff was previously held in Atlanta in 2018. “We are honored to be the first city to repeat as host for the CFP national championship and look forward to welcoming college football fans from around the country in January,” said Dan Corso, president of the Atlanta Sports Council and Atlanta Football Host Committee. “This event gives us another opportunity to showcase our incredible city.” The College Football Playoff is the event that crowns the national champion in college football. The quarterfinals and semifinals rotate annually among six bowl games — the Goodyear Cotton Bowl Classic, Vrbo Fiesta Bowl, Capital One Orange Bowl, Chick-fil-A Peach Bowl, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl. This year’s quarterfinals will take place on Dec. 31, 2024 and Jan. 1, 2025, while the semifinals will be Jan. 9-10, 2025. The CFP national championship will be Monday, Jan. 20, 2025, at Mercedes-Benz Stadium. For additional information on the College Football Playoff, visit .