Amalgamated Financial, focusing on mission-based customer segments, has seen significant growth in deposits, loans, and net interest income, making it a strong investment. Shares have risen 37.1% since May, outperforming the S&P 500, driven by improved margins, higher revenue, and strong asset quality. Despite shares not being as cheap as before, the bank's high-quality assets and attractive pricing relative to peers justify a 'soft buy' rating.
Here is how Amalgamated Financial (AMAL) and Capital One (COF) have performed compared to their sector so far this year.
Here is how Amalgamated Financial (AMAL) and Janus Henderson Group plc (JHG) have performed compared to their sector so far this year.
Here is how Amalgamated Financial (AMAL) and Jackson Financial (JXN) have performed compared to their sector so far this year.
Does Amalgamated Financial (AMAL) have what it takes to be a top stock pick for momentum investors? Let's find out.
Amalgamated Financial (AMAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Amalgamated Financial Corp. (NASDAQ:AMAL ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Priscilla Sims Brown – President and Chief Executive Officer Jason Darby – Chief Financial Officer Sam Brown – Senior Executive Vice President, Chief Banking Officer Conference Call Participants Mark Fitzgibbon – Piper Sandler Chris O'Connell – KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Third Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.
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.