WaFd (WAFD) Completes Sale of CRE Loans, Enhances Liquidity [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.moodys.com/home/default.aspx
Company Research
Source: Yahoo! Finance
This transaction, the largest non-FDIC-assisted CRE loan sale ever recorded, was executed at 92% of the principal balance, ensuring no financial loss for the company. Subsequently, BAC sold these loans to Pacific Investment Management Company LLC, which will eventually manage the loans. The sale of these high-quality loans provides WaFd with immediate liquidity and demonstrates the robustness of its CRE portfolio amid a challenging high interest rate environment. The president and CEO of the company, Brent Beardall, emphasized that the discount applied was mainly due to interest rate changes rather than loan quality, reinforcing the strength and stability of the portfolio. This strategic divestment offers multiple advantages for WaFd. Firstly, the liquidity generated could be utilized to reduce debt, originate new loans, or repurchase stock. These are likely to enhance shareholder value. Additionally, reducing CRE exposure aligns with regulatory scrutiny from bodies like the Fed
Show less
Read more
Impact Snapshot
Event Time:
MCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCO alerts
High impacting Moody's Corporation news events
Weekly update
A roundup of the hottest topics
MCO
News
- How the AU's African credit rating agency plan could work [Yahoo! Finance]Yahoo! Finance
- SA Sentiment: What's the best way to address America's $35T debt load? [Seeking Alpha]Seeking Alpha
- SKY Leasing Announces Closing of $569.640 Million Secured Notes Offering [Yahoo! Finance]Yahoo! Finance
- Thames Water Hit by More Rating Agency Downgrades as Cash Crunch Looms [BNN Bloomberg (Canada)]BNN Bloomberg
- US fiscal profile set to weaken under next administration, Moody's says [Yahoo! Finance Canada]Yahoo! Finance Canada
MCO
Earnings
- 7/24/24 - Beat
MCO
Sec Filings
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- MCO's page on the SEC website