Benjamas Deekam/iStock via Getty Images Since my last article , Cass Information Systems ( CASS ) does not look weak anymore to me. At the time my rating was hold, I was more cautious because Q2 2025 profit jump was strongly dependent on one-offs, especially TEM sale profit and Rubicon recovery. Now the situation is quite better. Q3 , Q4 , and Q1 2026 showed that EPS momentum did not disappear whe...
Benjamas Deekam/iStock via Getty Images Since my last article , Cass Information Systems ( CASS ) does not look weak anymore to me. At the time my rating was hold, I was more cautious because Q2 2025 profit jump was strongly dependent on one-offs, especially TEM sale profit and Rubicon recovery. Now the situation is quite better. Q3 , Q4 , and Q1 2026 showed that EPS momentum did not disappear when one-offs ended. I have to admit that the results are better. Still, I like to see clear growth stories. Transaction volumes remain weak, processing fees are pressured, and profit growth is mostly pulled by net interest income, expense control, and buybacks. So, the stock is not that expensive anymore, but I still do not see a strong argument to re-rate it to buy. What Changed? Since my last article, the main change is that CASS profitability remained. In Q3 2025 the company made $9.1 million in net income, diluted EPS was $0.68, NIM increased to 3.87%, and net interest income increased by 19.3%; overall that was an improvement since my Q2 coverage. Later, full-year 2025 results were even better because net income reached $35.1 million, diluted EPS was $2.61, net interest income grew 19.8%, and the company bought back 617 thousand shares. Q1 2026 was not that bad either, because adjusted EPS from continuing operations was $0.66 and grew 26.9%, while NIM increased to 3.95%. My first thesis and old argument were that Q2 2025 was inflated by one-offs, and I stand by it. It is just not in play anymore. CASS really maintained earnings momentum, and after Q2 we saw earnings get better and better. Processing fees went down, invoice volumes remained weak, and NIM is still pushing the company. Due to this reason, my current thesis is now less bearish, but I would not call it bullish either. Momentum As I said, I have to admit that currently CASS looks better than it did in my previous article. Q4 adjusted EPS from continuing operations increased 38.8% per year, and Q1 2026 adjusted...
From Adolescence to Code of Silence, there was no end of curveball victories at this year’s TV awards – plus a stunningly daring speech. May wonders never cease The full list of winners In pictures: on the Bafta red carpet Although it remains a modern masterpiece in terms of intention, execution and impact, Adolescence has been ruinous for those of us who have to write about awards show surprises....
From Adolescence to Code of Silence, there was no end of curveball victories at this year’s TV awards – plus a stunningly daring speech. May wonders never cease The full list of winners In pictures: on the Bafta red carpet Although it remains a modern masterpiece in terms of intention, execution and impact, Adolescence has been ruinous for those of us who have to write about awards show surprises. Because, ever since it first hit screens, it has won everything in sight. And because Adolescence is very good, that isn’t a surprise, and where’s the fun in that? However, at last night’s television Baftas, the impossible happened: Adolescence actually managed to surprise me. Not purely because it keeps winning things a full 14 months after it debuted, but because of who won what. Continue reading...
Eos Energy Enterprises (EOSE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Eos Energy Enterprises (EOSE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
EON SE announced it would acquire Ovo Energy Ltd , potentially creating one of the largest energy providers in the UK, according to a statement. Ovo has been struggling to meet tougher financial-resilience rules imposed by the energy regulator Ofgem, which require suppliers to hold minimum capital buffers to handle market shocks like the 2022 energy crisis. It had been seeking investors to bolster...
EON SE announced it would acquire Ovo Energy Ltd , potentially creating one of the largest energy providers in the UK, according to a statement. Ovo has been struggling to meet tougher financial-resilience rules imposed by the energy regulator Ofgem, which require suppliers to hold minimum capital buffers to handle market shocks like the 2022 energy crisis. It had been seeking investors to bolster its finances. EON serves 5.6 million customers in the UK, according to its website and Ovo has about 4 million customers, according to its annual report . Combining the two would mean a market share of around 27% for domestic electricity supply, surpassing Octopus Energy, according to data from Ofgem. The two companies did not disclose the purchase price and the acquisition is subject to approvals by the UK regulatory authorities including the Competition and Markets Authority, EON said in the statement. The transaction is expected to close in the second half of 2026.