Earnings Call Insights: Axos Financial (AX) Q2 2026 Management View CEO Gregory Garrabrants described the quarter as “outstanding,” highlighting $1.6 billion in net loan growth and broad-based expansion across asset-based lending, commercial specialty, and equity finance. He stated net interest income reached $331.6 million for the quarter, up approximately $41 million or 14% linked quarter, suppo...
Earnings Call Insights: Axos Financial (AX) Q2 2026 Management View CEO Gregory Garrabrants described the quarter as “outstanding,” highlighting $1.6 billion in net loan growth and broad-based expansion across asset-based lending, commercial specialty, and equity finance. He stated net interest income reached $331.6 million for the quarter, up approximately $41 million or 14% linked quarter, supported by balanced growth across multiple lending segments. Garrabrants reported a 19 basis point increase in net interest margin, improvements in nonperforming assets and charge-off ratios, and a 23.3% year-over-year increase in earnings per share. “We continue to generate high returns as evidenced by the over 17% return on average common equity and the 1.8% return on assets in the 3 months ended December 31, 2025,” said Garrabrants. The company closed the Verdant acquisition on September 30, adding $430 million of loans and leases and $780 million of on-balance sheet securitizations. Verdant contributed $18.9 million in noninterest income and $130 million of net new loans and operating leases. Garrabrants emphasized the use of artificial intelligence across the enterprise for efficiency and process enhancements, saying, “We are well positioned to use artificial intelligence to increase operating leverage across the enterprise.” Garrabrants projected, “We are confident that we will generate loan growth by low to mid-teens on an annual basis this year.” CFO Derrick Walsh stated, “Noninterest expenses were approximately $184.6 million for the 3 months ended December 31, 2025, compared to $156.3 million in the 3 months ended September 30, 2025. Verdant added approximately $7.8 million in salaries and benefits expenses and $14.8 million in depreciation and amortization expenses.” Outlook Management reiterated guidance for annual loan growth in the low to mid-teens range. Garrabrants indicated the company expects to grow loans by $600 million to $800 million in the current quarte...
Copper sank from a record at the tail-end of a extraordinarily volatile week, with trading marred by an early glitch on the London Metal Exchange, as Chinese investors pulled back and the US dollar rose. Benchmark three-month futures dropped almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday. Still, copper remains on course for a small weekly gain, the sixth in the...
Copper sank from a record at the tail-end of a extraordinarily volatile week, with trading marred by an early glitch on the London Metal Exchange, as Chinese investors pulled back and the US dollar rose. Benchmark three-month futures dropped almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday. Still, copper remains on course for a small weekly gain, the sixth in the past seven. With global investors focused on metals after a series of major price swings in commodities, the LME — the trading venue that has set global prices for base metals for more than a century — suffered a one-hour delay to the start of trade on due to technical issues. Copper has surged in the opening weeks of the new year, caught up in a wave of enthusiasm for base and precious metals that’s been especially evident in China, Asia’s largest economy and the leading consumer. The frenzy has been supercharged by optimism about demand given the energy transition, as well as a steady weakening in the US dollar, which hit a four-year low. Read More: China’s Metals Mania Sends Copper Soaring Past $14,500 a Ton “The market’s expectations have become too uniform at this stage and need some adjustment,” said Jerry Zhang, a trader at Ningbo Meishan Bonded Port Hongyi Investment Management Partnership Co. “Volatility has also become quite high, so we prefer to control risk and avoid participating too much.” The US dollar rose on Friday — making commodities less attractive for many investors — amid speculation that the Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair. Copper traded 2.4% lower at $13,295.50 a ton on the LME at 11:41 a.m. in Singapore.
We recently published 10 Stock Titans With Massive Losses. Microsoft Corp. (NASDAQ:MSFT) was one of the worst performers on Thursday. Microsoft saw its share prices drop by 10 percent on Thursday to close at $433.50 apiece as investors resorted to a combination of profit-taking following five straight days of gains, while turning cautious over its heavy spending and exposure to OpenAI. In an earni...
We recently published 10 Stock Titans With Massive Losses. Microsoft Corp. (NASDAQ:MSFT) was one of the worst performers on Thursday. Microsoft saw its share prices drop by 10 percent on Thursday to close at $433.50 apiece as investors resorted to a combination of profit-taking following five straight days of gains, while turning cautious over its heavy spending and exposure to OpenAI. In an earnings call during the day, Microsoft Corp. (NASDAQ:MSFT) said that net income in the second quarter ending December 31, 2025 jumped by 59.5 percent to $38.46 billion from $24.1 billion in the same period a year earlier, while revenues grew by 17 percent to $81.3 billion from $69.6 billion year-on-year. Of the total, cloud revenues surged by 26 percent to $51.5 billion. Microsoft Photo by dennizn on shutterstock.com However, the strong performance was overshadowed by a significant 66 percent jump in capital expenditures during the year—at $37.5 billion—especially with Microsoft Corp.’s (NASDAQ:MSFT) 45 percent OpenAI backlog. In an interview with CNBC, Jefferies analyst Brent Thill raised concerns about the technology giant’s exposure to OpenAI, saying that the backlog “is really good, but the disclosure that OpenAI is 45 percent of their backlog, it goes back to the situation where, ‘Can OpenAI achieve these financial goals to pay Oracle, Microsoft and many of the providers?’” Previously, Microsoft Corp. (NASDAQ:MSFT) forecasted capex of $140 billion for the fiscal year ending June 2026. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
(RTTNews) - First Reliance Bancshares Inc. (FSRL.OB) released a profit for its fourth quarter that Increased, from last year The company's earnings came in at $2.93 million, or $0.36 per share. This compares with $0.92 million, or $0.11 per share, last year. The company's revenue for the period rose 26.0% to $12.36 million from $9.81 million last year. First Reliance Bancshares Inc. earnings at a ...
(RTTNews) - First Reliance Bancshares Inc. (FSRL.OB) released a profit for its fourth quarter that Increased, from last year The company's earnings came in at $2.93 million, or $0.36 per share. This compares with $0.92 million, or $0.11 per share, last year. The company's revenue for the period rose 26.0% to $12.36 million from $9.81 million last year. First Reliance Bancshares Inc. earnings at a glance (GAAP) : -Earnings: $2.93 Mln. vs. $0.92 Mln. last year. -EPS: $0.36 vs. $0.11 last year. -Revenue: $12.36 Mln vs. $9.81 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
We recently published 10 Stock Titans With Massive Losses. Microsoft Corp. (NASDAQ:MSFT) was one of the worst performers on Thursday. Microsoft saw its share prices drop by 10 percent on Thursday to close at $433.50 apiece as investors resorted to a combination of profit-taking following five straight days of gains, while turning cautious over its heavy spending and exposure to OpenAI. In an earni...
We recently published 10 Stock Titans With Massive Losses. Microsoft Corp. (NASDAQ:MSFT) was one of the worst performers on Thursday. Microsoft saw its share prices drop by 10 percent on Thursday to close at $433.50 apiece as investors resorted to a combination of profit-taking following five straight days of gains, while turning cautious over its heavy spending and exposure to OpenAI. In an earnings call during the day, Microsoft Corp. (NASDAQ:MSFT) said that net income in the second quarter ending December 31, 2025 jumped by 59.5 percent to $38.46 billion from $24.1 billion in the same period a year earlier, while revenues grew by 17 percent to $81.3 billion from $69.6 billion year-on-year. Of the total, cloud revenues surged by 26 percent to $51.5 billion. Microsoft Photo by dennizn on shutterstock.com However, the strong performance was overshadowed by a significant 66 percent jump in capital expenditures during the year—at $37.5 billion—especially with Microsoft Corp.’s (NASDAQ:MSFT) 45 percent OpenAI backlog. In an interview with CNBC, Jefferies analyst Brent Thill raised concerns about the technology giant’s exposure to OpenAI, saying that the backlog “is really good, but the disclosure that OpenAI is 45 percent of their backlog, it goes back to the situation where, ‘Can OpenAI achieve these financial goals to pay Oracle, Microsoft and many of the providers?’” Previously, Microsoft Corp. (NASDAQ:MSFT) forecasted capex of $140 billion for the fiscal year ending June 2026. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Chinese Contract At Panama Canal Ruled Unconstitutional In Win For Trump's 'Donroe Doctrine' Another massive defeat for China's interests in the Western Hemisphere, and another 'win' for Trump's "Donroe Doctrine"... The Supreme Court of Panama has just issued a final decision to void the contract renewal for Hong Kong's CK Hutchison's subsidiary to operate two Panama Canal ports , in a much antici...
Chinese Contract At Panama Canal Ruled Unconstitutional In Win For Trump's 'Donroe Doctrine' Another massive defeat for China's interests in the Western Hemisphere, and another 'win' for Trump's "Donroe Doctrine"... The Supreme Court of Panama has just issued a final decision to void the contract renewal for Hong Kong's CK Hutchison's subsidiary to operate two Panama Canal ports , in a much anticipated landmark case driven by claims of unconstitutionality and financial irregularities. The top court has found irregularities in the 25-year extension of the concession granted in 2021. Huge: China just lost Panama *PANAMA TOP COURT RULES CK HUTCHISON CONTRACT UNCONSTITUTIONAL — zerohedge (@zerohedge) January 30, 2026 The contested position that CK Hutchison occupied conferred de facto leverage over one of the world's most critical maritime chokepoints linking the two oceans , provoking the scrutiny and ire of Washington. This was legally challenged last year, with the question of whether CK Hutchison violated the terms of its concessions - including the renewal granted in 2021 - allegedly harming taxpayers and breaching the country's constitution. Crucially the lawsuit came directly at the behest of the Trump administration amid immense pressure put on Panama City , and was subsequently filed by Panama's government following an official audit claiming CK Hutchison's management shortchanged Panama by roughly $1.3 billion. And in the meantime : CK Hutchison Holdings announced a deal last year to sell its majority stake in the Panamanian ports and others around the world to an international consortium that included BlackRock Inc . But the [$22.8 billion] deal appeared to stall over objections by the Chinese government . Trump had publicly praised that later stalled transaction in March. This after the White House's eyeing of Panama began nearly a year ago with Secretary of State Marco Rubio's January 31, 2025 visit - his first foreign trip as new Secretary of State. This s...
(RTTNews) - The Australian stock market is slipping to notable losses in mid-market moves on Friday after opening well in the green, extending the slight losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,900 level, with weakness in gold miners and technology stocks partially offset by gains in financial a...
(RTTNews) - The Australian stock market is slipping to notable losses in mid-market moves on Friday after opening well in the green, extending the slight losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,900 level, with weakness in gold miners and technology stocks partially offset by gains in financial and energy stocks. The benchmark S&P/ASX 200 Index is losing 63.10 points or 0.71 percent to 8,864.40, after touching a high of 8,971.60 and a low of 8,863.50 earlier. The broader All Ordinaries Index is down 79.10 points or 0.86 percent to 9,157.80. Australian stocks closed slightly lower on Thursday. Among major miners, Fortescue is losing more than 2 percent, Mineral Resources is declining more than 3 percent, BHP Group is edging down 0.1 percent and Rio Tinto are losing more than 1 percent. Oil stocks are mostly higher. Santos is advancing almost 2 percent, while Woodside Energy and Beach energy are gaining more than 1 percent each. Origin Energy is losing almost 1 percent. Among tech stocks, Afterpay-owner Block is losing almost 4 percent, Zip is slipping almost 3 percent, Xero is declining more than 1 percent and WiseTech Global is down almost 2 percent, while Appen is again skyrocketing more than 27 after reporting upbeat revenues for the fourth quarter, driven by growth in its China and global businesses. Among the big four banks, Commonwealth Bank, ANZ Banking and National Australia Bank are edging up 0.3 to 0.5 percent each, while Westpac is gaining more than 1 percent. Gold miners are weak. Evolution Mining is declining almost 5 percent, Genesis Minerals is tumbling almost 7 percent and Northern Star Resources is losing more than 1 percent, while Resolute Mining and Newmont are sliding more than 5 percent each.. In other news, shares in Ioneer are tumbling almost 19 percent after the lithium and boron company announced the receipt of firm commitments from institut...