Amalgamated Financial (AMAL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago.
Amalgamated Financial (AMAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of interest rate cuts on the margin. I'm increasing my earnings estimate following the better-than-expected first-half results.
Here is how Amalgamated Financial (AMAL) and Interactive Brokers Group, Inc. (IBKR) have performed compared to their sector so far this year.
AMAL, SN and SBSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 16, 2024.
The mean of analysts' price targets for Amalgamated Financial (AMAL) points to a 28% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
KRYS and AMAL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 8, 2024.
Amalgamated Financial Corp. (NASDAQ:AMAL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Jason Darby - Senior Executive Vice President & Chief Financial Officer Priscilla Sims Brown - President & Chief Executive Officer Conference Call Participants Janet Lee - JPMorgan Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Second Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.
Although the revenue and EPS for Amalgamated Financial (AMAL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Amalgamated Financial (AMAL) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.72 per share a year ago.
Amalgamated Financial (AMAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.