Silvergate Capital Q3 Profit Soars
(RTTNews) - Silvergate Capital Corp. (SI) on Tuesday reported net income available to common shareholders for the third quarter of $40.64 million or $1.28 per share, sharply higher than $23.49 million or $0.88 per share in the year-ago quarter.
Net interest income for the quarter surged to $84.72 million from $39.0 million in the prior-year quarter. Non-interest income declined to $8.45 million from $14.04 million in the same period last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.38 per share on revenues of $100.35 million for the quarter. Analysts' estimates typically exclude special items.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of US President-elect Donald Trump amid speculations on the potential impact of his policies. Asian markets closed mixed on Friday.
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5h 56min ago
Australian Market Halves Early Gains In Mid-market
The Australian stock market halved its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by energy and technology stocks. Gold miners are the only weak spot.
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6h 25min ago
Sensex, Nifty Likely To See Modest Gains At Open Ahead Of Trump Inauguration
Indian shares may see cautious gains at open on Monday as investors prepare for the first days of the Trump's second term.
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6h 35min ago
Thai Bourse Likely To End Losing Streak
The Thai stock market has ticked lower in two straight sessions, slipping more than a dozen points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,340-point plateau although it may stop the bleeding on Monday.
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7h 9min ago
Win Streak May Continue For Indonesia Stock Market
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7h 39min ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Monday, reversing the losses in the previous session, with the Nikkei 225 moving up to near the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks.
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7h 49min ago
Hong Kong Shares May Challenge 20,000-Point Level
The Hong Kong stock market has moved higher in four straight sessions, collecting more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,580-point plateau and it's got another green light for Monday's trade.
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7h 54min ago
China Stock Market Poised To Add To Its Winnings
The China stock market has moved higher in two straight sessions, collecting almost 15 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 3,240-point plateau and it's likely to see further upside again on Monday.
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8h 9min ago
