Oct. 3, 2022

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Pathward Financial (NASDAQ:CASH) – On Sept. 26, Pathward Financial announced the completion of a private placement offering of $20 million of the company’s 6.625 percent fixed-to-floating rate subordinated notes due 2032. The notes were issued to a select group of qualified institutional buyers and accredited investors. The notes are intended to qualify as Tier 2 capital for regulatory capital purposes. The company will issue a 5-cent quarterly dividend Oct. 3 to shareholders of record as of Sept. 7, 2022.

SAB Biotherapeutics (NASDAQ:SABS) – On Sept. 28, the clinical-stage biopharmaceutical company released data that shows two of its fully human polyclonal antibody platform candidates maintained their efficacy in clinical trials. In a Phase 2a challenge trial, the company said SAB-176 reduced the viral load in subjects exposed to H1N1 influenza virus, improved symptoms by day four and shortened the timeframe for viral shedding. On Sept. 27, SAB conducted a poster presentation highlighting data that its SAB-185 COVID-19 polyclonal antibody therapeutic candidate was effective in animal models against the majority of known SARS-CoV2 variants, including the recently evolving omicron variants.

First Interstate BancSystem (NASDAQ:FIBK) – As part of its commitment to ensuring all its employees receive a livable wage, First Interstate Bank increased its minimum wage to $17 and adjusted current employees’ compensation accordingly. The result was a pay increase for 64 percent of the company’s workforce.

Wells Fargo (NYSE:WFC) –On Sept. 29, executives from Wells Fargo and the Foundation for the Carolinas joined other nonprofit leaders and small-business advocates in kicking off a $20 million grant program aimed at helping diverse entrepreneurs build their companies. The bank will report third quarter earnings Oct. 13.

NorthWestern Energy (NASDAQ:NWE) – On Sept. 24, NorthWestern Energy issued updated earnings-per-share guidance of $3.20 to $3.40. This comes in advance of the company’s third quarter earnings report, which the company will issue Oct. 24.

CNH Industrial (NYSE:CNHI) – On Sept. 27, the analyst firm Baird initiated coverage on CNH Industrial stock. The company gave CNHI stock an outperform rating with a $17 price target. The company also announced that it had completed transactions under the first $50 million tranche of its $300 million common share buyback program.

Citigroup (NYSE:C) – Citigroup will report third quarter earnings Oct. 14. Analysts are projecting the bank will deliver earnings per share of $1.60, which would be 16 percent lower than the same quarter in 2021.

McDonald’s (NYSE:MCD) – McDonald’s announced the establishment of Speedee Labs, a new facility that will focus on driving the customer experience and support restaurant teams through innovation. The facility will be housed at the company’s global headquarters in Chicago. The company will report third quarter earnings Oct. 26.

Walmart (NYSE:WMT) – As part of Walmart’s efforts to upgrade its supply chain before the holiday season, the retailer opened a fulfillment center in Joliet, Illinois. It’s the first of four next-generation centers that the retailer plans to open in the next three years. The centers will include investments in automation and innovation that will help improve the company’s distribution and fulfillment network.

Target (NYSE:TGT) – Target will initiate its holiday savings strategy Oct. 6-8 with Target Deal Days. The retailer also is lengthening its holiday price match guarantee, which also will start Oct. 6 and last through Christmas Eve.

Macy’s (NYSE:M) – Macy’s has announced plans to hire more than 41,000 full- and part-time seasonal workers for the holiday season. The retailer also announced the progress it has made toward its sustainability goals, including initiatives promoting circularity throughout its value chain.

Amazon (NASDAQ:AMZN) – In September, Amazon announced it was making a $1 billion investment targeted at increasing the pay for its front-line employees. This will boost the pay for these employees to over $19 an hour. The initiative also includes a new benefit that will allow employees to collect their pay at any point during the month.

Costco (NASDAQ:COST) – Costco delivered its fourth quarter earnings report Sept. 22. The company recorded a beat on both earnings and revenue. Earnings per share came in at $4.20, which is 3 cents above the consensus estimate of $4.17. Revenue was $72.09 billion, which was slightly higher than the $72 billion estimate of analysts.

Ford Motor (NYSE:F) – Ford Motor will announce third quarter earnings Oct. 26. In the past month, two analysts have lowered their price targets for the automaker’s stock.

General Motors (NYSE:GM) – General Motors will announce its third quarter earnings Oct. 25. Analysts surveyed by MarketBeat are estimating the company will post earnings per share of $2.04, which would be an increase of more than 100 percent from the same quarter in 2021.

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