Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 6.9% over the past six months. This drawdown was disheartening since the S&P 500 held steady.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Columbia Financial (NASDAQ:CLBK) and the best and worst performers in the thrifts & mortgage finance industry.
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Things to Consider:
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Friday's morning session saw 420 companies set new 52-week highs.
Intriguing Points:
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Columbia Financial (NASDAQ:CLBK) reported its Q4 earnings results on Tuesday, January 25, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings...
