A year ago it might have been tough to imagine Toronto Dominion (TD) putting down the kind of financial results it has of late. The economic environment was obviously pretty darn scary back then, with the early economic data resembling nothing ever seen before. The potentially devastating impact to bank…
Financial
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Farmers & Merchants Bank Of Long Beach (FMBL) was last covered back in May. You may recall this is the ultra-conservative bank that operates around two dozen branches down in Southern California. Anyway, like most banks it had been hit hard by the pandemic. Its stock price had slumped down…
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Banking giant Wells Fargo (WFC) last appeared on the site back in the summer. At the time, San Francisco-based Wells was setting aside billions of dollars for potential bad debt due to the COVID downturn. That, in turn, was putting obvious downward pressure on net income. No surprises there; the…
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A couple of weeks ago I posted a brief update on Mastercard stock. It always feels incomplete covering one of the payment processing giants without mentioning the other. That means a quick update is also due on Visa (V), which was last covered back in April. For the most part…
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Mastercard (MA) stock has surpassed all expectations since I last covered it in April. Back then, shares of the payment processing giant changed hands for around $230 each. They closed out yesterday at just over the $340 per share mark. Call that a near 50% gain in a little under…