BUZZ-Merchants Bancorp shares rise after releasing Q3 earnings report
路透社2026/10/29 18:06October 29 - ** Merchants Bancorp (MBIN.O) shares surged 6.7% to $52.50
** The regional bank's net profit for the third quarter soared to $105.2 million from $54.7 million in the same period last year
** Net interest income increased by 13% to $144.2 million
** Raymond James analysts stated that strong core deposit growth is a positive factor, but near-term cost pressures and the reduction in balance sheet size may dampen expectations for earnings per share and pre-provision net income
** Including the day's gain, the stock is up 54% year-to-date
(To make it easier for non-native English speakers, Reuters automatically translates its reports into several other languages. Since automated translations may contain errors or lack needed context, Reuters does not guarantee the accuracy of translated texts. The automated translation is provided only for reader convenience. Reuters assumes no responsibility for any damage or loss caused by the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Is AI an engine or a killer? Morgan Stanley provides answers with data: productivity soars, but nearly 90% of the benefits are taken by 12 industries
Morgan Stanley stated that the productivity dividends from AI are concentrated in 12 highly exposed industries, with growth rates reaching twice the twenty-year average. For the first time, signs of job replacement have emerged.
Crypto prices
More
