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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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Indian Rupee Rises To Near 4-month High Amid Trump's Reciprocal Tariffs
The Indian rupee strengthened against the U.S. dollar in the early European session on Friday, as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts supported the INR.
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4h 12min ago
German Factory Orders Stagnate In February
Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs. New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January, Destatis reported Friday. Orders were forecast to grow 3.4 percent. Excluding large orders, new orders were 0.2 percent lower than in the previou
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4h 43min ago
European Shares Likely To Extend Losses On Growth Concerns
European stocks look set to extend losses from the previous session on Friday amid concerns that a trade war could fuel inflation and dent global economic growth.
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6h 36min ago
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven Swiss Franc Rises
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid increased risk-off mood by the investors, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by U.S. President Donald Trump on U.S. trade partners.
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7h 14min ago
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Friday.
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7h 31min ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Friday.
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7h 35min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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7h 39min ago
European Economic News Preview: German Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
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8h 23min ago
