A month has gone by since the last earnings report for The Bank of New York Mellon Corporation (NYSE: BK). Shares have added about 8% in that time frame, outperforming the S&P 500.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way.
USCB Financial Holdings, Inc. (NASDAQ: USCB) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.
The First Bancshares (FBMS) delivered earnings and revenue surprises of 8.33% and 1.04%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Pinnacle Financial (PNFP) delivered earnings and revenue surprises of 0.66% and 3.60%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?