Author: Alwyn

Minute Markets 4/29/24

Key Events 👉 The 6th largest bank failure since 2010 The FDIC took control of Republic First Bancorp, selling its assets and liabilities to Fulton Financial.  This is the first bank failure of the year. And the 6th largest failure since 2010. Shares had plummeted -88% over the past year.  Republic First is not First Republic. Easy to confuse. First

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The History of Goodwill

The way that accountants have recorded goodwill across the statements has varied. In 1970, the APB required firms to amortize goodwill for no longer than 40 years. Goodwill at that time was seen as a “wasting asset.” That is one with a definite life that loses value over time. This means that goodwill increased the amortization expense on the income

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Minute Markets 4/26/24

Key Events 👉 Google beats earnings, announces first-ever dividend Google’s shares soared 11.4% post-market on Thursday after beating earnings expectations in sales, profit, and advertising revenue. The strong performance was driven by accelerated growth across three major sectors: AI-enabled search, Youtube advertising, and cloud computing. Google also introduced a quarterly dividend of 20 cents a share. Why is this important?

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