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Would new bank rules shut out first-time homebuyers?

Published Mon, 23 Dec 2024 18:02:32 GMT

A sweeping overhaul of bank capital rules proposed by regulators includes changes to requirements for residential mortgages that will likely inflame criticism that the measures push home-ownership beyond the reach of first-time or minority borrowers.The long-awaited proposals would raise the so-called risk weights for some residential mortgages, including those with smaller down payments, meaning banks ultimately have to hold more capital against those assets.Currently in the US, a 50% risk weight is assigned to many first-lien residential mortgage loans. Under the new proposals, regulators would apply risk weights of 40% to 90% for large banks, depending on the loan-to-value ratio. Riskier loans, with higher LTV ratios, would get the higher risk weights.RELATED: San Francisco was too expensive so they moved to Spain and bought a beautiful house for $50,000. Here’s how they did itCritics have warned the reforms could exacerbate a pull-back by banks from lending to riskier borrowers ...

Aplazan los premios Emmy por huelga de actores y guionistas de Hollywood

Published Mon, 23 Dec 2024 18:02:32 GMT

La Academia de Televisión y la cadena Fox han decidido posponer a enero de 2024 la ceremonia de los Premios Emmy ante la huelga que mantienen los sindicatos de actores y guionistas.El medio especializado The Hollywood Reporter informó que los premios anuales conocidos como Emmy Primetime, que estaban previstos para el 18 de septiembre, están siendo reprogramados para enero, aunque aún no hay una fecha definitiva para su entrega.La revista, que cita fuentes cercanas a la programación de los premios, informó que “idealmente” la edición 2023 de entrega de los Emmy no se celebrará hasta que el Sindicato de Actores de Estados Unidos (SAG-AFTRA, por sus siglas en inglés) y el de guionistas lleguen a un acuerdo con la Alianza de Productores de Cine y Televisión.“Tanto la Academia de Televisión como la cadena ​​​​Fox todavía están en conversaciones sobre para cuándo se reprogramará el evento”, aseguró The Hollywood Reporter. Los mejores momentos de los ...

T. Rowe: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported second-quarter earnings of $476.4 million.On a per-share basis, the Baltimore-based company said it had net income of $2.06. Earnings, adjusted for non-recurring gains, came to $2.02 per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.The financial services firm posted revenue of $1.61 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROWSource

Stellar Bancorp: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

HOUSTON (AP) — HOUSTON (AP) — Stellar Bancorp, Inc. (STEL) on Friday reported second-quarter profit of $35.2 million.The bank, based in Houston, said it had earnings of 66 cents per share.The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.The bank holding company posted revenue of $152.4 million in the period. Its revenue net of interest expense was $113.8 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $117 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STEL at https://www.zacks.com/ap/STELSource

Newell Brands: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported second-quarter net income of $18 million.On a per-share basis, the Atlanta-based company said it had profit of 4 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 24 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The consumer products company posted revenue of $2.2 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.15 billion.For the current quarter ending in September, Newell Brands expects its per-share earnings to range from 20 cents to 24 cents.The company said it expects revenue in the range of $2.11 billion to $2.16 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.26 billion.Newell Brands expects full-year earnings in the range of 80 cents to 90 cents per sh...

Virtus: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported earnings of $30.3 million in its second quarter.On a per-share basis, the Hartford, Connecticut-based company said it had profit of $4.10. Earnings, adjusted for one-time gains and costs, came to $5.43 per share.The asset management company posted revenue of $213.5 million in the period. Its adjusted revenue was $190.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRTS at https://www.zacks.com/ap/VRTSSource

Dana: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — Dana Inc. (DAN) on Friday reported second-quarter profit of $30 million.On a per-share basis, the Maumee, Ohio-based company said it had profit of 21 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 37 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.The automotive equipment supplier posted revenue of $2.75 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.73 billion.Dana expects full-year earnings in the range of 65 cents to $1.05 per share, with revenue in the range of $10.45 billion to $10.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAN at https://www.zacks.com/ap/DANSource

Blachem: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

MONTVALE, N.J. (AP) — MONTVALE, N.J. (AP) — Balchem Corp. (BCPC) on Friday reported second-quarter earnings of $30.1 million.On a per-share basis, the Montvale, New Jersey-based company said it had net income of 93 cents.The chemical company posted revenue of $231.3 million in the period.Blachem shares have increased slightly more than 5% since the beginning of the year. The stock has decreased nearly 4% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCPC at https://www.zacks.com/ap/BCPCSource

P&G: Fiscal Q4 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported fiscal fourth-quarter net income of $3.38 billion.On a per-share basis, the Cincinnati-based company said it had net income of $1.37.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.The world’s largest consumer products maker posted revenue of $20.55 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $20.02 billion.P&G expects full-year earnings to be $6.25 to $6.43 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PGSource

Charter: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 18:02:32 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Charter Communications Inc. (CHTR) on Friday reported second-quarter earnings of $1.22 billion.The Stamford, Connecticut-based company said it had profit of $8.05 per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $7.66 per share.The cable provider posted revenue of $13.66 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $13.85 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHTR at https://www.zacks.com/ap/CHTRSource