Charles Schwab declared regular quarterly dividends on common and preferred shares, reinforcing its commitment to returning value to shareholders. The stock price moved 4.24% over the past week, consistent with the broader market's 4.1% climb. Dividend announcements may have bolstered investor confidence and added weight to the stock's upward momentum. Analysts expect revenue to grow at 9.4% annually and earnings to reach $9.7 billion by April 2028.
FlexShopper (FPAY, Financial) has reported impressive revenue growth for the fourth quarter of 2024, reaching $35.5 million compared to $30.3 million in the same period last year. This growth highlights the company's successful transformation efforts, driven by strategic technology investments and the execution of both direct-to-consumer (DTC) and business-to-business (B2B) growth strategies [1].
Throughout 2024, FlexShopper significantly expanded its market presence by increasing its lease-to-own (LTO) offerings to 7,900 locations, marking a remarkable 250% increase. The year also introduced the company's new retail revenue strategy via its online marketplace, flexshopper.com, which contributed additional revenues and profits. The company's growth strategies have resulted in a substantial operating income of $22.8 million, showcasing a significant 66% increase from the previous year. Furthermore, FlexShopper has leveraged its improving financial performance to enhance its balance sheet, raising $12.2 million in proceeds since November 2024 through an ongoing rights offering [1].
Looking ahead, FlexShopper aims to capitalize on strategic opportunities to buy back 91% of its series 2 convertible preferred stock at a significant discount, a move expected to benefit common shareholders. The company anticipates continued positive momentum in 2025, with lease originations already showing a 49.7% increase in the first quarter compared to the same period last year. Moreover, FlexShopper expects profitability to rise with increased sales on its platform, stable operating expenses, and continued payments on leases initiated in 2024 [1].
Taiwan Semiconductor Manufacturing Company (TSMC) (TSM, Financial) experienced a rise of over 2.7%, reaching $162.09. The surge follows TSMC's announcement of its ambitious plans to maintain a leading position in the semiconductor industry by implementing the A14 manufacturing process by 2028. This cutting-edge technology is set to surpass the current advanced 3-nanometer process and the upcoming 2-nanometer process expected later this year. The company also aims to introduce an intermediate A16 process by the end of 2026, further solidifying its role as a pioneer in chip manufacturing [2].
Charles Schwab declared regular quarterly dividends on common and preferred shares, reinforcing its commitment to returning value to shareholders. The stock price moved 4.24% over the past week, consistent with the broader market's 4.1% climb. Dividend announcements may have bolstered investor confidence and added weight to the stock's upward momentum. Analysts expect revenue to grow at 9.4% annually and earnings to reach $9.7 billion by April 2028 [3].
References:
[1] https://www.gurufocus.com/news/2797765/flexshopper-fpay-reports-strong-q4-performance-with-significant-revenue-growth-fpay-stock-news
[2] https://www.gurufocus.com/news/2801895/tsmc-tsm-stock-rises-over-27-amid-advanced-chip-manufacturing-plans
[3] https://www.gurufocus.com/news/2801895/tsmc-tsm-stock-rises-over-27-amid-advanced-chip-manufacturing-plans
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