Taiwan Semiconductor Manufacturing Company (TSMC) (TSM) is a semiconductor foundry, which means it manufactures chips for other companies like Advanced Micro Devices, Inc. (AMD) and NVIDIA Corporation (NVDA) and 530 other companies. AMD and Nvidia, on the other hand, are fabless semiconductor companies that design and sell their own chips but outsource the manufacturing to ... AI Demand Is Surging...
Taiwan Semiconductor Manufacturing Company (TSMC) (TSM) is a semiconductor foundry, which means it manufactures chips for other companies like Advanced Micro Devices, Inc. (AMD) and NVIDIA Corporation (NVDA) and 530 other companies. AMD and Nvidia, on the other hand, are fabless semiconductor companies that design and sell their own chips but outsource the manufacturing to ... AI Demand Is Surging — But Taiwan Semiconductor Is Controlling the Supply
Earnings Call Insights: Trustmark Corporation (TRMK) Q1 2026 Management View "We continue to build upon strong momentum from our earnings in 2025 and are pleased with our strong performance in the first quarter of 2026." (President, CEO & Director Duane Dewey) "Net income totaled $56.1 million, representing diluted EPS of $0.95 a share." (President, CEO & Director Dewey) "Loans held for investment...
Earnings Call Insights: Trustmark Corporation (TRMK) Q1 2026 Management View "We continue to build upon strong momentum from our earnings in 2025 and are pleased with our strong performance in the first quarter of 2026." (President, CEO & Director Duane Dewey) "Net income totaled $56.1 million, representing diluted EPS of $0.95 a share." (President, CEO & Director Dewey) "Loans held for investment increased $203.7 million or 1.5% linked quarter and $636.5 million or 4.8% year-over-year." (President, CEO & Director Dewey) "Our deposit base expanded $212.7 million or 1.4% linked quarter, driven by seasonal increases in public deposits." (President, CEO & Director Dewey) "The cost of our total deposits in the first quarter was 1.63%, a decrease of 9 basis points from the prior quarter." (President, CEO & Director Dewey) "During the first quarter, we repurchased $19.8 million or approximately 477,000 shares of stock" and "we have authorization to repurchase up to $100 million of Trustmark common shares during 2026." (President, CEO & Director Dewey) "Revenue in the first quarter totaled $203 million" and "net interest income, fully tax equivalent, in the first quarter totaled $163.5 million, which produced a net interest margin of 3.81%, which is unchanged from the prior quarter." (President, CEO & Director Dewey) "Noninterest income in the first quarter totaled $42.3 million, up 2.7% from the prior quarter" while "noninterest expense in the first quarter totaled $132.2 million, unchanged from the prior quarter." (President, CEO & Director Dewey) "Net charge-offs in the first quarter were $1.3 million" and "the net provision for credit losses in the first quarter totaled $2.7 million." (President, CEO & Director Dewey) Outlook "This morning, we are affirming the guidance previously provided." (President, CEO & Director Duane Dewey) "We expect loans held for investment to increase single digits for the full year 2026" and "deposits, excluding brokered deposits, to increa...
Gold held losses after the US Federal Reserve kept interest rates steady and said the war in Iran was clouding the economic outlook. Bullion was near $4,550 an ounce in early trading, after falling 3.4% over the previous three sessions. With no end in sight to the Middle East conflict, money markets all but abandoned wagers on a rate cut this year and began pricing in the chances of a hike in 2027...
Gold held losses after the US Federal Reserve kept interest rates steady and said the war in Iran was clouding the economic outlook. Bullion was near $4,550 an ounce in early trading, after falling 3.4% over the previous three sessions. With no end in sight to the Middle East conflict, money markets all but abandoned wagers on a rate cut this year and began pricing in the chances of a hike in 2027. The heightened inflation risks underpinning the outlook are a headwind for non-yielding bullion. The Fed decision , which four officials voted against, revealed a deepening division over the outlook for policy due to the increased uncertainty caused by the war. The US signaled it will stick with a naval blockade of Iranian ports as it tries to choke Tehran’s oil exports and force it back to the negotiating table. Brent crude closed on Wednesday at the highest since June 2022. Read More: Trump Says He Rejects Iran Hormuz Offer, Keeps Blockade Spot gold was little changed at $4,549.41 an ounce at 6:27 a.m. in Singapore. Silver rose 0.3% to $71.51 an ounce. The Bloomberg Dollar Spot Index , a gauge of the US currency, closed 0.4% higher on Wednesday.
Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of "Bloomberg Surveillance" covering Federal Reserve chair Jerome Powell's remarks. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy around the conflict in the Middle East. Jerome Powell said he intends to remain at the central bank as a member of its Board of Gover...
Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of "Bloomberg Surveillance" covering Federal Reserve chair Jerome Powell's remarks. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy around the conflict in the Middle East. Jerome Powell said he intends to remain at the central bank as a member of its Board of Governors, and will not leave until a controversial criminal investigation into the central bank is "well and truly over with transparency and finality." (Source: Bloomberg)