News Results

  1. Avid Bioservices Reports Financial Results for Third Quarter Ended January 31, 2024
    GlobeNewswire | 04/24/24 05:25 PM EDT

    -- Recorded Third Quarter Revenue of $33.8 Million -- -- Signed $41 Million in Net New Business Resulting in Record High Backlog of $206 Million -- -- Celebrated Completion of Recent Expansion Program with Grand Opening of Cell and Gene Therapy Manufacturing Facility in January 2024 -- -- Completed Convertible Debt Offering Subsequent to Quarter End, Extending Debt Maturity to 2029 -- TUSTIN, ...

  2. Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering
    GlobeNewswire | 04/23/24 09:53 PM EDT

    Vertex, Inc. (VERX), a leading global provider of indirect tax solutions, today announced the pricing of $300 million aggregate principal amount of 0.750% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  3. First Busey Corporation Announces 2024 First Quarter Earnings
    GlobeNewswire | 04/23/24 05:00 PM EDT

    First Busey Corporation Net Income of $26.2 millionDiluted EPS of $0.46 FIRST QUARTER 2024 HIGHLIGHTS For additional information, please refer to the 1Q24 Earnings Investor Presentation.

  4. Equipment Leasing and Finance Association?s Survey of Economic Activity: Monthly Leasing and Finance Index
    GlobeNewswire | 04/23/24 08:00 AM EDT

    The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for March was $9.3 billion, down 7% year-over-year from new business volume in March 2023.

  5. Vertex, Inc. Announces Proposed Private Offering of?$250 Million of Convertible Senior Notes
    GlobeNewswire | 04/22/24 04:17 PM EDT

    Vertex, Inc. (VERX), a leading global provider of indirect tax solutions, today announced that it intends to offer and sell, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  6. WOO X and OpenTrade launch RWA Earn Vaults in line with TradFi-led digital finance shift
    GlobeNewswire | 04/22/24 05:00 AM EDT

    WOO X, in collaboration with OpenTrade, has launched RWA-backed Earn Vaults, enabling users to earn yield from real-world, high-quality financial assets like U.S. Treasury Bills, aligning with the industry?s shift towards digital finance amidst blockchain?s transformative impact on traditional markets.

  7. Lakeland Bancorp Announces First Quarter Results
    GlobeNewswire | 04/19/24 08:00 AM EDT

    Lakeland Bancorp, Inc. (LBAI), the parent company of Lakeland Bank, reported net income of $19.8 million and earnings per diluted share of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023.

  8. Provident Financial Services, Inc. Announces First Quarter Earnings?and Declares Quarterly Cash Dividend
    GlobeNewswire | 04/18/24 05:00 PM EDT

    Provident Financial Services, Inc. (PFS) reported net income of $32.1 million, or $0.43 per basic and diluted share for the three months ended March 31, 2024, compared to $27.3 million, or $0.36 per basic and diluted share, for the three months ended December 31, 2023 and $40.5 million, or $0.54 per basic and diluted share, for the three months ended March 31, 2023.

  9. Chemung Financial Corporation Reports?First Quarter 2024 Net Income of $7.1 million, or $1.48 per share
    GlobeNewswire | 04/18/24 04:15 PM EDT

    Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $7.1 million, or $1.48 per share, for the first quarter of 2024, compared to $3.8 million, or $0.80 per share, for the fourth quarter of 2023, and $7.3 million, or $1.54 per share, for the first quarter of 2023.

  10. Mortgage Rates Exceed 7 Percent for the First Time this Year
    GlobeNewswire | 04/18/24 12:00 PM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.10 percent. ?The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,? said Sam Khater, Freddie Mac?s Chief Economist.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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