NewtekOne Inc. (NEWT)
NewtekOne: 8.6% Yielding Bonds Make More Sense Than The Stock
We had previously rated NewtekOne, Inc. stock as a hold despite compelling valuation metrics. NewtekOne's Q2 2024 earnings were about in line with expectations, though provisions for loan losses crept up. The past strategic missteps keep us on the sidelines with the common shares.
NewtekOne, Inc. (NEWT) Q2 2024 Earnings Call Transcript
NewtekOne, Inc. (NASDAQ:NEWT ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Scott Price - Chief Financial Officer Frank Di Maria - Chief Accounting Officer Nicolas Young - President and Chief Operating Officer, Newtek Bank, N.A Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW Steve Moss - Raymond James Christopher Nolan - Ladenburg Thalmann Bryce Rowe - B. Riley Operator Good day and thank you for standing by.
NewtekOne (NEWT) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for NewtekOne (NEWT) 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.
NewtekOne (NEWT) Surpasses Q2 Earnings and Revenue Estimates
NewtekOne (NEWT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.26 per share a year ago.
Preferreds Weekly Review: Tight Spreads Drive Bond Issuance
We take a look at the action in preferreds and baby bonds through the first week of July and highlight some of the key themes we are watching. Preferreds market saw a solid week with a drop in Treasury yields and stable median yield-to-worst below 7%. Corporate bond yields stand at lowest levels in 2 years, prompting new issuance from across the space.
Is the Options Market Predicting a Spike in NewtekOne (NEWT) Stock?
Investors need to pay close attention to NewtekOne (NEWT) stock based on the movements in the options market lately.
3 Best High-Yield Stocks to Sail Through Uncertainties in June
With markets remaining topsy-turvy, it's prudent for astute investors to pick high-yield stocks like Western Union (WU), Bank of N.T. Butterfield & Son (NTB) and NewtekOne (NEWT) for steady income.
