May 1, 2023 Regulators seized First Republic Bank (FRC.N) and sold its assets to JPMorgan Chase & Co (JPM.N) on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil. First Republic was among regional U.S. lenders most battered by
May 3, 2023 The Jamaica Employers’ Federation (JEF) President, David Wan, is expecting the Central Bank to lower the policy interest rate on deposit-taking institutions' overnight placements following the latest inflation rate out-turn, which is within touching distance of the Bank of Jamaica’s (BOJ’s) target range of 4% to 6%. This perspective is in
May 3, 2023 PanJam Investment Limited (PJAM) has advised that at a meeting of its Board of Directors scheduled to be held on May 11, 2023, a second interim dividend payment will be considered. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research
May 3, 2023 Dolphin Cove Limited (DCOVE) for the year ended December 31, 2022: Total revenue increased 98% to US$15.11 million (2021: US$7.64 million). For the quarter, total revenue increased 78% to US$3.91 million (2021: US$2.20 million). Of the year-end total revenue: Programme revenue increased 100% to US$7.72 million (2021: US$3.87 million) Ancillary services
May 3, 2023 Caribbean Cement Company Limited (CCC), for the three months ended March 2023, reported total revenue of $6.80 billion for the quarter, a marginal decline when compared with the $6.81 billion reported in 2022. Cost of sales amounted to $5.50 billion (2022: $3.64 billion), which resulted in gross profit of $1.31 billion for
May 3, 2023 United States: Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil The collapses that claimed four US lenders this year have stuck investors with more than $54 billion of losses, after First Republic Bank’s demise added to the pile of nearly worthless securities and sent some peers into a new
May 2, 2023 FosRich Company Limited (FOSRICH) has advised that Rosalyn Campbell has resigned from its Board of Directors effective April 30, 2023. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date
May 2, 2023 FosRich Company Limited (FOSRICH) for the three months ended March 31, 2023 booked a 20% increase in revenue to total $1.08 billion compared to $900.29 million for the same quarter in 2022. The Company noted that, “These increases were attributed primarily to increased sales in six (6) of our eleven (11) Product
May 2, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for April 27, 2023, was J$15.84. MJE’s last traded price on April 27, 2023 was $11.31. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
May 2, 2023 United States: Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking. Senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the
