logo
Western Alliance: Q1 Earnings Snapshot

Western Alliance: Q1 Earnings Snapshot

Washington Post21-04-2025
PHOENIX — PHOENIX — Western Alliance Bancorp (WAL) on Monday reported first-quarter net income of $199.1 million.
The Phoenix-based bank said it had earnings of $1.79 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs
UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs

USA Today

time26 minutes ago

  • USA Today

UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs

Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time U.S. drivers as part of the largest network reconfiguration in its history — a sweeping overhaul that includes cutting 20,000 jobs and closing 73 facilities. The Atlanta-based company had in April announced a network reconfiguration plan following a reduction in deliveries for its key customer, and amid U.S. President Donald Trump's tariffs. UPS restructuring: UPS cutting around 20,000 jobs amid 'new or increased tariffs'; 73 buildings closing The buyout package is in addition to any retirement benefits such as pension and healthcare, the company said in a statement. The Teamsters union, which represents about 330,000 workers at UPS, was first to announce the buyout plans, calling them an "illegal violation" of the national contract, under which UPS had committed to create 22,500 more jobs. "Our members cannot be bought off and we will not allow them to be sold out," said Sean O'Brien, general president of the union. "UPS needs to live up to the existing contract. They must honor their commitments." UPS said it intends to adhere to the terms of its contract with the union. Reporting by Abhinav Parmar in Bengaluru; Editing by Shreya Biswas

Implied Volatility Surging for Advantage Solutions Stock Options
Implied Volatility Surging for Advantage Solutions Stock Options

Yahoo

timean hour ago

  • Yahoo

Implied Volatility Surging for Advantage Solutions Stock Options

Investors in Advantage Solutions Inc. ADV need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $7.50 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for Advantage Solutions shares, but what is the fundamental picture for the company? Currently, Advantage Solutions is a Zacks Rank #3 (Hold) in the Consumer Products - Discretionary industry that ranks in the Bottom 40% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from 12 cents per share to 16 cents in that period. Given the way analysts feel about Advantage Solutions right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advantage Solutions Inc. (ADV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation
The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation

Business Insider

timean hour ago

  • Business Insider

The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation

The Open Platform raises $28.5M in Series A equity funding round, showcasing investor confidence in TON's ecosystem The equity round was led by Ribbit Capital, a leading fintech and crypto investor, with Pantera Capital also participating. The investment underscores strong confidence in The Open Platform's continued development of the blockchain ecosystem in Telegram, being built on TON. The involvement of prominent investors and the raised capital will support the launch of TOP's portfolio companies across the U.S., EU, and other key regions. The Open Platform, the leading tech company developing TON-based innovations in Telegram, has announced the completion of its Series A and subsequent extension funding rounds, reaching a $1 billion valuation and becoming the first unicorn in the TON-based ecosystem in Telegram. The Open Platform raised $28.5 million in an extended Series A funding round, led by Ribbit Capital, with Pantera Capital also participating. Including this latest raise and previous seed investments, The Open Platform has now secured over $70 million in total funding. These investments demonstrate the confidence that leading investors have in The Open Platform's ability to spearhead the growth of the blockchain ecosystem in Telegram. This ecosystem is being built on TON Blockchain – a fully decentralized and highly scalable blockchain that is the exclusive blockchain partner of Telegram Messenger. The current strategic focus of The Open Platform centers on geographical expansion. The involvement of prominent investors, along with the newly raised capital, will support the launch of TOP's portfolio companies across the U.S., EU, and other key regions — in alignment with TON Foundation's global vision. This expansion will involve significant investment in go-to-market strategies, regulatory licensing, compliance infrastructure, and security enhancements, all aimed at ensuring sustainable growth and long-term success in these new jurisdictions. Andrew Rogozov, CEO and Founder of The Open Platform, said, 'This investment supports our long-term strategy to scale the adoption of blockchain-based products by leveraging the power of Telegram as a distribution channel. By combining TON Blockchain with Telegram's global reach, we're building both the infrastructure and the consumer-facing apps needed to onboard a billion users to crypto.' The Open Platform is driving the growth of the TON-based ecosystem within Telegram, building both core infrastructure and consumer-facing apps across finance, gaming, and entertainment. Products that The Open Platform has powered include Wallet in Telegram, a digital asset solution seamlessly embedded into Telegram's interface; Tonkeeper, TON's leading non-custodial crypto wallet; the leading swap dApp on TON and the developer of a liquidity aggregation protocol, Omniston; Getgems, TON's foremost NFT marketplace; Tribute, a monetization platform for creators in Telegram; and Notcoin, a viral Tap-to-Earn game, along with many more products. By integrating blockchain technology into everyday digital experience, The Open Platform is creating a seamless, scalable platform designed for a billion users, accelerating the mainstream adoption of crypto — expanding global access to financial services, and enabling a new generation of builders and developers to build the next wave of consumer dApps. This latest investment from Ribbit Capital, which has previously provided early-stage investment to Coinbase, Nubank, and Revolut, amongst many others, and Pantera Capital, is a testament to the potential these investors see in the integration of blockchain technology into a messenger application with over a billion users. Micky Malka, Founder of Ribbit Capital, said, "We back teams that reimagine how the world experiences money and technology. The Open Platform's vision of building an intuitive and open platform that enables a robust digital ecosystem to form within Telegram — a platform used by hundreds of millions — opens a new frontier of opportunities for builders and users on a global scale.' 'We're thrilled to back this exceptional team led by Andrew. The opportunity to support groundbreaking tech and financial products that reach 1 billion people is inspiring," said Ryan Barney, Partner at Pantera Capital. 'We're excited to collaborate with the TOP team and strengthen our commitment to TON and Telegram's ecosystems.' TON Blockchain has been the subject of increased institutional interest throughout this year. In March, TON Foundation announced that several leading investors, including Sequoia Capital, Ribbit Capital, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage, have acquired and now hold $400 million worth of Toncoin, signaling growing interest in the TON-based ecosystem in Telegram. The Open Platform (TOP) is the leading tech company developing Web3 innovations in Telegram. TOP is fueling the Telegram economy through both foundational infrastructure and consumer-facing apps. By integrating blockchain technology into day-to-day digital experience, TOP is building a seamless, scalable platform designed for a billion users — accelerating the mass adoption of crypto. Contact

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store