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Banking & Finance

Cadence’s Toney honored

Jerry Toney, senior wealth advisor for Cadence Investment Services and Mississippi president for Cadence Bank, was recently recognized as one of the nation’s “Top 100 Bank Advisors” for 2016 by Bank Investment Consultant, a financial services industry magazine. Toney ranked 31st in the annual list, placing among the top 50 for the second consecutive year. Toney is a 1996 graduate ...

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US stock indexes slide in afternoon trading; oil rebounds

U.S. stocks edged lower in late-afternoon trading Tuesday, led by declines in banks and technology companies. Real estate stocks notched the biggest gains. Bond yields fell and the price of gold rose as investors monitored heightened geopolitical tensions. Oil prices recovered after an early slide. KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to ...

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Trustmark Corp. completes $23.7 million purchase of Reliance Bank

Jackson-based Trustmark Corp. on Monday said it has completed  its previously announced acquisition of Athens, Ala.-based Reliance Bank for $23.7 million in cash. “We are excited to welcome our newest associates and their customers to the Trustmark family and further expand our franchise in Athens and the surrounding Huntsville area,” said Trustmark President and Chief Executive Gerald R. Host. “Reliance Bank, ...

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Barron’s ranks Finkelberg

Arty Finkelberg, CFA, CFP, Senior Vice President – Investments, of Raymond James & Associates, was recently named to the Barron’s list of America’s Top 1,200 Financial Advisors.  The 2017 list draws from all 50 states, plus the District of Columbia. It is the largest, most comprehensive annual advisor list circulated by Barron’s. This is the fourth consecutive year that Finkelberg ...

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Split results for stocks on Syria strike and weak jobs gains

Following a somewhat disappointing jobs report and U.S. missile strikes against Syria, stocks aren’t much changed Friday as investors buy gold and high-dividend stocks and sell banks and other assets. Defense contractors are making substantial gains and the price of oil is rising. KEEPING SCORE: The Standard & Poor’s 500 held steady at 2,356 at noon Eastern time. The Dow ...

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Stocks head higher as energy, banks, retailers recover

U.S. stocks are broadly higher Thursday after a sharp drop late in the previous day. Energy companies are rising with the price of oil and retailers are up after a series of strong sales reports. Banks are also climbing as bond yields rise. KEEPING SCORE: The Standard & Poor’s 500 index added 8 points, or 0.4 percent, to 2,361 as ...

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READY FOR RISK? With market soaring, tapping IRA is tempting

By BECKY GILLETTE Investors with IRAs and 401(k)s may have dreams of taking a cruise or buying a new car with the gains they have seen in their retirement accounts since Donald Trump was elected president. The Dow Jones Industrial Average reached a record high of 20,000 in late January, and since then has continued to climb reaching 20,686 by ...

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Bankers group trying a new strategy

By CALLIE DANIELS BRYANT The Mississippi Bankers Association has survived for the last 129 years because it adjusts to changes and remains relevant in the industry. This year is no different, according to MBA President Mac Deaver as he prepares for the 2017 state convention on May 17-21 in Sandestin Golf & Beach Resort. “This year, the MBA began operating ...

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US stocks surge early after strong private payroll report

U.S. stocks are jumping Wednesday morning after a survey of private businesses showed that hiring was very strong last month. Panera Bread is climbing after the sandwich and soup chain agreed to be bought by European conglomerate JAB for more than $7 billion. Companies that are tightly linked to the performance of the economy, including transportation companies and smaller domestic ...

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Stocks tread water as banks slip and energy companies rise

U.S. stocks are inching lower Tuesday as a recent drop in bond yields continues to put pressure on banks. Department stores, apparel retailers and handbag makers are falling, but Amazon continues to rise. But energy companies are rising with the price of oil, and stocks are little changed overall. KEEPING SCORE: The Standard & Poor’s 500 index was unchanged at ...

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