Avis Budget (CAR) shares jumped Thursday, after Bank of America upgraded the car rental stalwart to buy from neutral.
“Many of the macro factors driving ‘over-earning’ by the company in 2021 will likely persist well into 2022,” BofA analysts wrote in a commentary.
That includes “limited incoming vehicle supply and tight average fleet, elevated revenue per day from the ongoing supply/demand imbalance and moderated per unit fleet cost from elevated used vehicle pricing.”
So: “Combined with ongoing execution by Avis,....More>>>
Haverty Furniture Companies, Inc. (HVT Quick QuoteHVT ) recently shared business updates for third-quarter sales and comparable store sales performance. Management cited that the company’s sales for the third quarter to date grew more than 21% year over year. Also, comps improved 19.5% year over year in the same time frame.
Written business was up 2.7% and comps written business grew 1% year over year so far in the third quarter.
With respect to this, Clarence Smith, chairman and CEO, Haverty, said, “Our business continues to be strong as we work to deliver customers’....More>>>
Aareal Bank AG (OTCMKTS:AAALF – Get Rating) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,300 shares, a drop of 7.1% from the September 15th total of 1,400 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.
Aareal Bank Price Performance
Shares of Aareal Bank stock opened at $31.99 on Wednesday. Aareal Bank has a 12 month low of $24.50 and a 12 month high of $33.00. The stock’s fifty day simple moving average is $31.99....More>>>
WELLINGTON, New Zealand–The Reserve Bank of New Zealand left its policy rate unchanged at a record low, as an outbreak of the Covid-19 Delta variant upends daily life and threatens to set back the economic recovery.
The central bank on Wednesday said the economy no longer needs the current level of monetary stimulus, but it decided to keep the cash rate at 0.25% for now because of uncertainty stemming from the virus outbreak.
New Zealand has entered a lockdown that has closed schools and most businesses following the discovery of Covid-19 cases that are the first in the....More>>>
Sharekhan’s research report on IndusInd Bank
IndusInd Bank reported mixed set of results with improving trend on the liability side (healthy deposit mobilization, reducing cost of funds etc) while the stress on the asset side persists with sharp spike in slippages at 5.4% of loan book and gross NPA rose by 21 bps qoq to 2.9% during Q1. Bulk of the elevated slippages are related to retail/SME loan book on account of the second wave of pandemic. Management indicated that the worst in NPA addition is behind, and normalization should begin in H2 of this year. Bank has healthy....More>>>