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Community Bank System Q3 Profit Rises, Meets View
(RTTNews) - Community Bank System Inc. (CBU) reported Monday that its third quarter net income increased to $48.69 million or $0.90 per share from $45.34 million or $0.83 per share in the prior-year quarter. Excluding item, operating earnings were also $0.90 per share.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 11.9 percent to $175.6 million from last year. Analysts expected revenues of $174.08 million for the quarter.
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Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO
Community Bank System, Inc. (CBU) announced Wednesday that Mark Tryniski will retire as the Company's President and Chief Executive Officer, effective as of December 31, 2023. He joined the Company in 2003 as Chief Financial Officer and has been at the helm of the company and its wholly owned banking subsidiary, Community Bank, N.A. since August 2006.
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667 days ago
U.S. Dollar Recovers After Jobs Data
The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.
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9 minutes ago
Swiss Market Ends On Bright Note
The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
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2h 49min ago
European Stocks Close On Buoyant Note
European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
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3h 11min ago
Canadian Market Up Firmly In Positive Territory
The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States.
Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
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4h 8min ago
U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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6h 5min ago
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
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7h 0min ago
Eurozone Inflation Remains Stable At 2.2%
Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
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7h 24min ago
