NEWS
Precious Metals Pump As Stocks Stay Positive

U.S. stocks closed another week in positive territory as Netflix made new all-time highs. However, the day's main story was precious metals, as silver jumped to a 12-year high, and the entire space shined bright on an otherwise muted day in the markets. 👀

Today's issue covers regional bank earnings, Procter & Gamble’s overseas slump, silver’s breakout, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 10 of 11 sectors closed green, with communications (+0.75%) leading and energy (-0.33%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $BAER, $MGPI, $GNPX, $LGHL, $LTBR 📉 $ARQQ, $BIOR, $ACHC, $ORGS, $TRV*

*If you’re a business and want to access this data via our API, email us.

EARNINGS
Regions and Fifth Third: Banking on Thin Margins, Thick Challenges 😰 

Regions Financial and Fifth Third Bank reported earnings today - here’s how things panned out in the regional banking space. 🏦

Regions Financial is playing a steady game, but it’s not without its challenges. Its third-quarter earnings came in at $446 million, and while it touts stable net interest income and a 3% revenue increase, it’s clear it’s grappling with a tough lending environment.

Strategic repositioning of securities and the redemption of preferred stock shaved $0.08 off their earnings per share, signaling that they’re still working to adjust their balance sheet for the current environment. 📊

On the plus side, Regions saw a solid performance from wealth management and capital markets income—although it’s unclear whether those improvements are a one-off or a new longer-term trend.

Shares were down marginally, but Stocktwits sentiment pushed back into ‘extremely bullish’ territory following the report. 🐂

The bank’s deposit base was essentially flat, ticking up just 0.7%, and it seems overly reliant on customer loyalty and adjusted income figures to keep things afloat. In a higher-rate environment, the key thing investors are watching is a bank’s ability to maintain or grow its deposit base…and so far, it’s doing a decent enough job to keep investors happy.

Fifth Third, meanwhile, is in a slightly different position. They posted net income of $2.1 billion, with $0.95 adjusted earnings per share, propped up by a massive $124 million tax benefit—thank you, EV lease credits! It’s a nice short-term boost but not a sustainable trend that can help with future quarters. ⚡

Net financing revenue dipped to $1.5 billion, reflecting tighter margins, and the 3.25% net interest margin ex-OID shows that funding costs are creeping higher.

Fifth Third was hit hard in auto financing— where losses surged, and the pre-tax income for that division dropped by $202 million. Still, management claims the portfolio is aging well, and tried to downplay the potential for further deterioration. 🚗

The real story for Fifth Third might be their liquidity, with $67.9 billion in the tank, covering uninsured deposits by a factor of 6.1. While they saw a $600 million dip in total deposits, that liquidity cushion gives them breathing room to weather whatever comes next. But just like Regions, they’re walking a tightrope to maintain deposit stability and avoid future revenue erosion.

Shares were down nearly 2% on the day, but Stocktwits sentiment actually ticked up into ‘extremely bullish’ territory as investors digested the news. 🔺

Gold is Reaching All-Time Highs — Are You Capitalizing on this Trend?

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Already up over 50% in the last month, ESGold Corp is a public company gaining momentum.

Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.