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First Horizon reported adjusted third-quarter EPS of $0.53 and said it agreed in October to sell about $4.5 billion of residential mortgage loans, with settlement expected early in the fourth quarter. The bank expects the sale to add about 4% to EPS in 2027, excluding potential benefits from redeploying proceeds.
UBS Global Wealth Management revised its outlook, expecting the Federal Reserve to raise rates by another quarter point in December and once more in 2027, after stronger-than-expected annual inflation in September.
Marvell Technology, Inc. (NASDAQ: MRVL ) stock is trading lower Thursday in premarket trading as rising Treasury yields and oil prices weigh on technology stocks. Nasdaq futures fell 0.52%, while S&P 500 futures declined 0.38%, signaling a weaker start for Wall Street. According to Trading Economics, the 10-year U.S. T
(Repeats ANALYSIS published earlier on September 24, no changes) Data show median 2.6% dip in S&P 500 3 months after first hike Stock market historically has recovered within a year, in general Investors remember stinging market slide in 2022 Current Fed hiking cycle seen less aggressive than average By Lewis Krauskopf