03:27 PM EDT, 07/19/2024 (MT Newswires) -- The financials sector's performance is expected to benefit from a potential monetary policy easing by the Federal Reserve and prospects of a strengthening economy, Wells Fargo Investment Institute said Friday. The firm upgraded its rating on the S&P 500 Index Financials sector to favorable from unfavorable, citing the potential for outperformance as interest-rate...

03:38 PM EDT, 07/19/2024 (MT Newswires) -- Ares Management ( ARES ) and other lenders, including Oak Hill Advisors, have agreed to provide around $1.8 billion debt package to support Genstar Capital's acquisition of a stake in AffiniPay, Bloomberg reported Friday, citing people with knowledge of the matter. The financing reportedly includes a $1.2 billion term loan and $300 million...

03:38 PM EDT, 07/19/2024 (MT Newswires) -- Price: 44.60, Change: -0.60, Percent Change: -1.33 ...

03:18 PM EDT, 07/19/2024 (MT Newswires) -- MetroCity Bankshares ( MCBS ) shares were up over 3% in recent Friday trading after the company reported its Q2 earnings. Diluted earnings during the quarter were $0.66 per share, up from $0.51 per share. One analyst polled by S&P Capital IQ estimated $0.59. Revenue for the quarter ended June 30, expressed as...