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Banking & Finance

Global stocks up on strong Japanese, European data

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Stock markets had an upbeat start to the week after stronger-than-expected economic data from Japan and the eurozone. Attention is likely to focus this week on Friday’s release of U.S. growth data, as investors adapt to expectations the Federal Reserve will hike interest rates in December. KEEPING SCORE: Germany’s DAX gained 0.9 percent to 10,808 and France’s CAC40 was up ...

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BILL CRAWFORD: Individual taxpayers should be wary of tax reform schemes

taxes

  Legislative leaders brought in an outside expert from the Tax Foundation to push the theory that Mississippi needs to make its business taxes more competitive. She argues lower business taxes, offset by higher user fees, property taxes and expanded sales taxes, will make Mississippi more competitive for business and jobs.    While this approach may make the state more ...

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BancorpSouth net income for third quarter up

  By Jack Weatherly BancorpSouth Inc. reported net income of $37.8 million, or 40 cents per share for the third quarter, compared with net income of $34.3 million, or 36 cents per share a year earlier. Net operating income was $36.7 million, or 39 cents a share, one cent lower than the consensus reported by Zacks. Net operating income for ...

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World stocks drift as investors factor in Fed rate hike

stocks

World stock markets drifted Friday as investors increasingly factored in a U.S. interest rate increase soon, based on the brightening corporate and economic outlook. KEEPING SCORE: France’s CAC 40 edged down 0.2 percent to 4,531 and Germany’s DAX was flat at 10,699. Britain’s FTSE 100 ticked 0.3 percent higher to 7,048. U.S. stocks were poised to open lower, with Dow ...

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First Bancshares plants flag in Florida, Louisiana with new acquisitions

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By TED CARTER Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal and Gulf Coast Community Bank in an all-stock transaction. The acquisitions carry a value of $33.3 million, with ...

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Renasant income up 42.9 percent for third quarter

renasant

MBJ Staff Tupelo-based Renasant Corp. announced net income for the third quarter of 2016 was $23.2 million, or earnings per share of 55 cents, an increase of 42.9 percent from $16.2 million, or 40 cents, a year earlier. The bank said on Thursday that its balance sheet and results of operations include the impact of the its acquisition of KeyWorth Bank ...

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World stocks steady amid firm Chinese growth, earnings

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Global stock markets were steady Wednesday after China reported its economy expanded at a firm pace in the July-September quarter and investors awaited more U.S. corporate earnings reports. KEEPING SCORE: Germany’s DAX edged down 0.1 percent to 10,616 and the FTSE 100 in Britain lost 0.2 percent to 6,989. France’s CAC 40 was flat at 4,507. Wall Street also looked ...

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Stocks drop on expectations of less central bank stimulus

stock market pricing abstract

World stocks mostly fell Monday as a broad rise in government bond yields suggested investors are expecting less central bank stimulus and higher interest rates than before. KEEPING SCORE: France’s CAC 40 slipped 0.2 percent to 4,460 and Germany’s DAX was down 0.3 percent to 10,545. Britain’s FTSE 100 fell 0.6 percent to 6,970. U.S. shares were set to drift ...

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BancorpSouth extends till end of ’17 effort to buy two banks

  By JACK WEATHERLY BancorpSouth Inc. has reached an agreement to extend to Dec. 31, 2017 an attempt buy two banks, which has been delayed by federal regulatory intervention. The Tupelo-based banking chain announced Friday the third extension of the merger effort that began in January 2014. “We continue to believe these proposed transactions are in the best interest of ...

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Hattiesburg bank to buy Louisiana, Florida lenders

  MBJ Staff First Bancshares Inc. of Hattiesburg announced on Friday the purchase agreements for two banks for more than $33 million. The holding company for The First, First Bancshares Inc., in a cash deal bought common shares valued at $31 million to acquire Iberville Bank of Plaquemine, La. First Bancshares also announced an all- stock agreement with Gulf Coast ...

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