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The Fed held rates unchanged as expected. Lisa Cook and Beth Hammack dissented in support of a hike. The post-meeting statement said economic activity was expanding at a strong pace, with resilient spending and strong productivity.
U.S. stocks were mostly higher, while the Nasdaq fell into negative territory following the Fed’s decision to leave rates unchanged. The FOMC said economic activity was expanding at a strong pace.
The Fed said U.S. economic activity is expanding at a “strong” pace; the source supplied no further details or catalyst.
Prologis reported third-quarter core FFO of $1.60 per share and raised its development-starts guidance. The company said it remains on track for $15 billion in capital activity this year.
PNC Financial Services Group reported third-quarter net income of $2.1 billion, or $5.09 per diluted share, and return on tangible common equity above 18%. It forecast Q4 average loan growth of 2.5% and net interest income growth of 4%.
GMR Solutions (NYSE: GMRS ) reported second-quarter financial results on Thursday. The transcript from the company's second-quarter earnings call has been provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. The full earnings call is availa
Neptune Insurance Hldgs (NYSE: NP ) reported second-quarter financial results on Wednesday. The transcript from the company's second-quarter earnings call has been provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. View the webcast at Sum
SailPoint reported second-quarter ARR of $1.231 billion, up 25% year over year, with SaaS ARR growing 36%. The company also guided Q3 ARR to $1.29 billion and revenue to $328 million.
FEDERAL RESERVE LEAVES KEY OVERNIGHT INTEREST RATE UNCHANGED IN 3.50-3.75% RANGE, SAYS IT WILL DELIVER PRICE STABILITY