Feb. 1, 2023

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Pathward Financial (NASDAQ: CASH) – Pathward Financial delivered its first quarter 2023 earnings report Jan. 25. The company posted earnings per share of 81 cents, beating analysts’ estimates of 78 cents per share. It also outpaced revenue expectations. At $149.83 million, revenue was higher than estimates for $136.79 million..

SAB Biotherapeutics (NASDAQ: SABS) – On Jan. 18, SAB Biotherapeutics announced it received $8.2 million from the U.S. Department of Defense. This is part of a $16.8 million settlement for the closeout of its discontinued Covid-19 prototype research and development contract. The biotech company said the money will fund its operating expenses and capital requirements through 2023.

First Interstate BancSystem (NASDAQ: FIBK) – First Interstate BancSystem delivered its fourth quarter 2022 earnings report Jan. 26. The company delivered earnings per share of 82 cents on net income of $85.8 million. Additionally, the bank’s board of directors declared a dividend of 47 cents per share that will be paid Feb. 17 to shareholders of record as of Feb. 7.

The Bancorp (NASDAQ: TBBK) – On Jan. 26, The Bancorp reported fourth quarter 2022 earnings. The company posted an EPS of 71 cents on revenue of $102.5 million. Both numbers beat analysts’ expectations.

Wells Fargo (NYSE: WFC) – Wells Fargo delivered mixed results in its fourth quarter earnings report released Jan. 13. The bank beat earnings per share estimates by 4 cents with  EPS of 67 cents. However, the $19.66 million in revenue was lower than the $20.04 million expected. Additionally, the company announced a 30-cent-per-share quarterly dividend that will be paid March 1 to shareholders of record as of Feb. 3.

NorthWestern Energy (NASDAQ: NWE) – On Jan. 16, NorthWestern Energy and Avista Corp. announced an agreement that Avista will turn over its interest in the Colstrip coal-fired power plant to NorthWestern on Dec. 31, 2025.

The plant is capable of generating 222 MW.

CNH Industrial (NYSE: CNHI) – On Jan. 21, CNH Industrial announced that members of two local unions at the company’s factories in Wisconsin and Iowa reached an agreement on a labor contract that ends a strike that started in May 2022.

Citigroup (NYSE: C) – Citigroup reported its fourth quarter 2022 earnings Jan.13.

The bank delivered earnings per share of $1.16, which was lower than the $1.20 EPS that analysts expected. However, the company came in with $18.01 billion in earnings, which was in line with analysts’ expectations for revenue of $18 billion.

McDonald’s (NYSE: MCD) – On Jan. 25, the Delaware Court of Chancery issued a groundbreaking legal ruling that permits shareholders to sue a former McDonald’s executive for damages based on allegations of allowing a culture of sexual harassment to flourish. The legal duty of oversight traditionally has been the sole obligation of a company’s directors.

Walmart (NYSE: WMT) – On Jan. 3, Walmart issued a per-share cash dividend of 56 cents for shareholders of record as of Dec. 9. In 2022, Walmart achieved the status of “Dividend King” by increasing its dividend for the 50th consecutive year.

Target (NYSE: TGT). On Jan. 12, Target’s board of directors announced the company would pay a cash dividend of $1.08 per share. The dividend will be paid March 10 to shareholders of record as of Feb. 15.

Macy’s (NYSE: M) –Macy’s issued a 15-cent per-share cash dividend Jan. 3 to shareholders of record as of Dec. 15. The company’s CEO also said it is prepared to rapidly scale its new store model if successful. The company has been closing stores in recent years to catch up with consumer trends.

Amazon (NASDAQ: AMZN) – On Jan. 25, Amazon announced a $5 monthly subscription called RxPass. The service provides unlimited prescription medications. It’s the latest step Amazon takes to build a health care business that adds value to Prime members.

Costco (NASDAQ: COST) – On Jan. 19, Costco’s board of directors announced the company would pay a cash dividend of 90 cents per share on Feb. 17 to shareholders of record as of Feb. 3.

Ford Motor (NYSE: F) – Ford Motor is cutting 3,200 jobs in Europe as part of a restructuring as the company pivots from its high-selling, low-margin passenger vehicles to SUVs and electric vehicles.

General Motors (NYSE: GM) – On Jan. 24, the next generation of the Chevrolet Colorado and GMC Canyon came off the assembly line at the company’s assembly plant in Wentzville, Missouri. These were the first vehicles to come out of the plant since the company made a $1.5 billion investment.

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