A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Over the last six months, SouthState’s shares have sunk to $92.76, producing a disappointing 11.7% loss - a stark contrast to the S&P 500’s 3.3% gain. This may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how SouthState (NYSE:SSB) and the rest of the regional banks stocks fared in Q2.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Stocks that outperform the market usually share key traits such as rising sales, expanding margins, and increasing returns on capital.
The select few that can do all three for many years are often the ones that make you life-changing money.
Regional banking company SouthState (NYSE:SSB) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 56.2% year on year to $664.8 million. Its non-GAAP profit of $2.30 per share was 13.6% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SouthState (NYSE:SSB) and the best and worst performers in the regional banks industry.
Regional banking company SouthState (NYSE:SSB) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 51.8% year on year to $630.6 million. Its non-GAAP profit of $2.15 per share was 30.8% above analysts’ consensus estimates.
Over the past six months, SouthState’s shares (currently trading at $85.98) have posted a disappointing 14.6% loss while the S&P 500 was flat. This might have investors contemplating their next move.
