- Moody's Affirms Bigbank's Ratings and Assessments
May 12, 2026
BIGBANK AS
Moody’s Ratings (Moody’s) has affirmed all ratings and assessments of Bigbank AS:
Long-term and short-term deposit ratings: Ba1/NP Baseline Credit Assessment (BCA) and Adjusted BCA: ba2 Long-term and short-term Counterparty Risk Ratings: Baa2/P-2 Long-term and short-term Counterparty Risk Assessments: Baa2(cr)/P-2(cr)
The negative outlook on the long-term deposit ratings is maintained.
For more information, visit: www.moodys.com
Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 March 2026, the bank's total assets amounted to 3.4 billion euros, with equity of 298 million euros. Operating in nine countries, the bank serves more than 196,000 active customers and employs over 650 people. The credit rating agency Moody's has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.
Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
Email: argo.kiltsmann@bigbank.ee
www.bigbank.ee
View Comments
- Moody's Corporation: Too Much Negativity Baked Into Its Stock Price
May 12, 2026 · seekingalpha.com
Moody's Corporation's ordinary shares have underperformed YTD, but I view AI disruption fears as overstated and see recent weakness as a buying opportunity. The analytics segment's core value lies in proprietary data, expert insights, and regulatory compliance, which AI tools cannot easily replicate or replace. The Investor Services segment has shown robust growth. Tight credit spreads and relatively low real borrowing rates might sustain issuances for an extended period.
- Verizon’s Worldwide Hybrid Bond Sale Drive Hits $12 Billion
May 11, 2026
(Bloomberg) -- Verizon Communications Inc. is selling $4 billion of hybrid bonds in the US dollar investment-grade debt market for the first time after issuing the equivalent of $8 billion of them in other currencies over the last six months.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks China Confirms Xi-Trump Summit That Was Delayed by Iran War
The company is marketing two $2 billion tranches of notes, with maturities of 30 years and 32 years, according to a person with knowledge of the matter. The longest tenor is set to yield 6.2% compared with initial price talk of about 6.625%, the person said, asking not to be identified disclosing private details.
Proceeds from the sale will be used for general corporate purposes, which may include repayment of outstanding debt, the person added. The telecommunications firm on Monday announced a cash tender offer to repurchase a series of notes maturing between 2027 and 2033.
Verizon’s junior subordinated bonds — which get paid after senior debt in a default — are partly treated as equity by credit rating firms due to features such as long maturities and the ability to defer interest payments for as long as 10 years, reducing its impact on leverage metrics.
For investors, the deal offers an opportunity to lock in higher rates at a time when spreads on more conventional high-grade bonds are tight.
Verizon has sold roughly $8 billion equivalent of junior subordinated bonds denominated in euros, sterling and Australian dollars over the past six months, according to a Bloomberg Intelligence note.
The new offering is being run by BNP Paribas SA, Goldman Sachs Group Inc., JPMorgan Chase & Co., Mizuho Financial Group Inc., Banco Santander SA and Wells Fargo & Co.
Verizon is seeking to reduce its leverage following its acquisition of Frontier Communications Parent Inc. It has paid down about half of the deal’s debt since the transaction closed earlier this year and expects to repay “substantially all of” the remainder by the end of 2026, Chief Financial Officer Tony Skiadas said in a conference call with analysts last month.
“Verizon is clearly leaning into junior subordinated notes as a permanent and growing part of its capital structure,” analysts at CreditSights said, with the shift “driven by the company’s desire to maintain its current ~BBB+ credit rating while adopting a more shareholder-friendly financial policy under the new Dan Schulman regime.”
Story Continues
The bond offering comes as about 12 firms look to raise fresh capital in the US high-grade primary market on Monday, with many moving forward ahead of Tuesday’s inflation data, according to an informal poll of syndicate underwriters.
Borrowing costs remain enticing for potential issuers, with the average spread on high-grade corporate bonds just six basis points above a multi-decade low. Dealers expect about $50 billion in new bond sales this week as most companies exit their earnings blackout periods.
Issuer Profile
Debt distribution: VZ US Equity DDIS
Capital structure: VZ US Equity CAST
Related securities: VZ US Equity RELS
Ratings history: VZ US Equity CRPR
This story was produced with the assistance of Bloomberg Automation
(Adds launch details in first two paragraphs, CreditSights quote in ninth paragraph.)
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom Raising Cane’s Grew From an Idea a College Professor Hated The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI
©2026 Bloomberg L.P.
View Comments
- Moody's Corporation (NYSE:MCO) Passed Our Checks, And It's About To Pay A US$1.03 Dividend
May 11, 2026
Readers hoping to buy Moody's Corporation (NYSE:MCO) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Moody's' shares before the 15th of May to receive the dividend, which will be paid on the 5th of June.
The company's next dividend payment will be US$1.03 per share, and in the last 12 months, the company paid a total of US$4.12 per share. Based on the last year's worth of payments, Moody's stock has a trailing yield of around 0.9% on the current share price of US$451.32. If you buy this business for its dividend, you should have an idea of whether Moody's's dividend is reliable and sustainable. So we need to investigate whether Moody's can afford its dividend, and if the dividend could grow.
This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Moody's paid out a comfortable 28% of its profit last year.
Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend.
View our latest analysis for Moody's
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.NYSE:MCO Historic Dividend May 11th 2026
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. This is why it's a relief to see Moody's earnings per share are up 8.5% per annum over the last five years.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Moody's has delivered an average of 12% per year annual increase in its dividend, based on the past 10 years of dividend payments. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.
Story Continues
Final Takeaway
From a dividend perspective, should investors buy or avoid Moody's? Moody's has seen its earnings per share grow slowly in recent years, and the company reinvests more than half of its profits in the business, which generally bodes well for its future prospects. In summary, Moody's appears to have some promise as a dividend stock, and we'd suggest taking a closer look at it.
So while Moody's looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. To help with this, we've discovered 2 warning signs for Moody's that you should be aware of before investing in their shares.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
View Comments
- Moody’s cuts Wabash rating third time in a year, execs eye ‘27 rebound
May 11, 2026
Trailer manufacturer Wabash National had its debt rating downgraded by Moody’s for the third time in a year, almost to the day, while executives on a company earnings call with analysts a few days earlier tried to make a case for a turnaround that would start next year.
The latest Moody’s move, announced May 5, is a downgrade of its corporate family rating to B3 from B2. Moody’s downgraded Moody’s to B1 on May 7, 2025 and then to B2 on November 5.
Meanwhile, S&P Global Ratings cut the Wabash debt rating to B+ in May of last year and B soon after Moody’s (NYSE: MCO) made its move to B2 in November. That latest rating for Wabash is still in effect at S&P Global. The B rating at S&P Global Ratings (NYSE: SPGI) is considered a notch above Wabash’s B3 grade at Moody’s.
The B3 rating at Moody’s is six notches below the cutoff line between investment grade and non-investment grade debt.
‘Very weak’ credit metrics
“The rating downgrade reflects our expectation that Wabash’s credit metrics will remain at very weak, unsustainable levels over the next 12 months,” Moody’s said in its report. “Wabash’s earnings have evaporated and cash burn has persisted during a prolonged down cycle in new truck trailer production as the company’s customers defer investments in their transportation fleets.”
Moody’s said trailer production at Wabash (NYSE: WNC) should increase sequentially during the year, though the latest quarterly data continues a long slide.
Wabash data on trailers shipped has been declining steadily for many months. It was 5,378 in the first quarter, down from 5,901 in the fourth quarter of 2025. Its recent high-water mark was 13,670 in the third quarter of 2022.
Financial measures have also been grim at Wabash. It reported cash and cash equivalents on hand at $31.9 million at the end of 2025. A year earlier, it was $144.5 million. At the end of 2022, cash and cash equivalents were $58.2 million.
Net sales in its Transportation Solutions segment, which includes its truck manufacturing operations, were $250.1 million in the first quarter of 2026. Sequentially, that is less than the $262.9 million in the fourth quarter of 2025.
Story Continues
In the third quarter of 2022, Transportation Solutions reported net sales in Transportation Solutions of $611.8 million.
Wabash’s net income last year was impacted positively by the settlement of the nuclear verdict it faced in Missouri. But more reflective of its operations, the company posted a gross profit of $69.9 million in 2025 for all operations, down from $265 million a year before. In 2022, gross profit was $322.7 million.
Company seeing ‘early stabilization’
In Wabash’s first quarter earnings call, when the company posted an operating loss of $37.3 million in its Transportation Solutions segment, which contains its trailer manufacturing activities, CEO Brent Yeagy acknowledged the poor performance but sought to forecast better days.
“Order patterns were uneven, asset utilization inconsistent and capital decisions across the industry were being evaluated carefully,” he said. “At the same time, we were encouraged by early signs of stabilization and improving fundamentals that typically precede a broader recovery. Now as we move into the second quarter of 2026, both our customers and our visibility continues to improve. And it shows an environment that is building the set up for a constructive 2027 as spot rates, contract rates, capacity and demand, all are coming together and drive back to replacement demand for equipment and possibly beyond as fleets begin to plan more confidently.”
Wabash is not followed closely by equity analysts; only one was on the earnings call.
Rising backlog
Yeagy said the company’s backlog in the quarter was $837 million, which was up 19% from the fourth quarter of 2026. He added it was the highest quarter-to-quarter gain in backlog growth for the first quarter in the company’s history .
Even with an improvement in market conditions, Moody’s said it still expects Wabash’s debt/EBITDA ratio to be 6X at the end of 2027 “though trending in a positive direction.” The agency said it expects free cash flow to remain negative, “as the company’s working capital needs to support growth outweigh the recovery in earnings.”
Moody’s also said at the end of 2023, that ratio was 1X.
The debt issue also was raised in terms of Wabash’s short term needs. Moody’s said Wabash has “adequate liquidity to bridge the company to what we expect will be a meaningfully improved production environment in 2027.”
But it’s going to need to rely more on a $350 million asset-based revolving credit facility, Moody’s said. That ABL expires in September 2027, “which introduces refinancing risk in the near-term.”
Moody’s added that it expects Wabash’s revenue would be “slightly down in 2026, with negative earnings and free cash flow.”
Wabash’s stock is only down 9.37% in the last 52 weeks. But the more recent trends have been brutal: down 17.58% in the last month and 31.55% in the last year. According to Yahoo Finance, its five-year rate of return exceeds negative 58%.
Wabash declined comment on the Moody’s rating change.
More articles by John Kingston
Motus steps up: what carriers need to know about new FMCSA ystem
RXO’s tech turnaround: why investors are watching
ORBCOMM pulls in new financing, replaces all publicly-traded debt
The post Moody’s cuts Wabash rating third time in a year, execs eye ‘27 rebound appeared first on FreightWaves.
View Comments
- Consumer spending is healthy, but gas prices remain a risk
May 11, 2026
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter.
Retail industry segments dependent on broad-based or price-sensitive spend are facing weaker outlooks, according to a Tuesday report from Moody’s Ratings analysts. However, credit and debit card payment volume through the end of 2025 shows consumer spending remained healthy.
A growing dependence on higher-income households continues to be of concern, however, as spending growth within the economic cohort outpaced lower-income households who are prioritizing essentials and trading down.
“Companies offering premium products and services attract sustained demand and a concentration of high margin business with more affluent consumers,” the Moody's report said. “Income-linked disparities are now embedded in the US consumption landscape, shaping credit conditions across multiple sectors.”
More recent 2026 spending patterns have continued to demonstrate consumer resilience, with retail sales up in March — but increased gas prices stemming from the war in Iran pose a threat to spending. Retail sales for the month in segments covered by Retail Dive increased 8.4% year over year, with growth spanning most categories.
“Supporting consumer spending is a healthy balance sheet, manageable disposable personal income to debt payments, and wage gains higher than inflation,” Telsey Advisory Group analysts Dana Telsey and Joe Feldman said in a note last week. “However, the outlook for consumer spending could moderate the longer the national average gas price remains above $4.00 per gallon.”
Spending strength has not necessarily matched with diminished consumer confidence trends, which Telsey Advisory Group analysts say they’re monitoring. The labor market saw some strengthening in March, though the housing market has remained under pressure. In March, home goods was the only segment covered by Retail Dive that saw a slight decrease in sales.
“Uncertainty, however, is rising as the long-term effect of the Iran war on the economy is unknown,” the analysts noted.
Recommended Reading
Mass beauty outpaces prestige in the first half of 2025
View Comments
- The Best Artificial Intelligence (AI) Growth Stocks After the Helium Shock Are the Ones That Don't Need the Strait of Hormuz
May 10, 2026
The crisis that exposed the artificial intelligence (AI) supply chain also revealed which companies sit above it.
Since Iran closed the Strait of Hormuz on Feb. 28, the global helium market has lost access to roughly 30% of total output. Qatar's Ras Laffan facility, the world's largest helium production site, has been idle since early March. Moody's confirmed in April what semiconductor engineers had already calculated: There is no viable substitute for ultra-high-purity helium at scale, and the gas is indispensable at multiple stages of chip manufacturing. The companies that build the physical chips are working against a six-month stockpile clock.
Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need.
Continue »
For investors trying to buy into AI right now, the supply chain question has a clear answer. The companies that matter most are the ones whose products are pure software. Two reported earnings this week make the case for them.Image source: Getty Images.
1. Datadog
Datadog (NASDAQ: DDOG) reported Q1 2026 results on May 7, and the stock surged roughly 30% in trading, the largest single-session move in the company's history. Revenue hit $1 billion, up 32% year over year, crossing the billion-dollar quarterly threshold for the first time. Non-GAAP earnings per share (EPS) grew roughly 30% to $0.60. Free cash flow came in at $289 million. The company raised its full-year 2026 outlook.
But the number beneath the headline matters more than the headline itself. Datadog now has approximately 4,550 customers with annual recurring revenue of more than $100,000. That's a cohort that represents the company's most durable revenue base and one that grew meaningfully year over year. These are enterprises with AI and cloud infrastructure that generate logs, traces, and metrics at a scale that demands a dedicated observability platform.
Datadog doesn't need the Strait of Hormuz. Its product is pure software. The product is a cloud-hosted observability platform that monitors AI workloads, infrastructure, and applications through a browser and an API. There is no physical manufacturing process, no semiconductor fabrication, and no industrial gas in its cost structure; when a customer deploys Datadog, the only thing that ships is code.
What changed in Q1 is that AI workloads, GPU clusters, LLM inference pipelines, and agentic workflows started showing up in Datadog's billing in a material way. The company's GPU monitoring product, launched this quarter, gives AI teams visibility into their fleets' cost and performance, a capability that did not exist two years ago and that every serious AI deployment now needs. The more AI deployments that go into production, the larger Datadog's addressable market becomes -- regardless of whether the Strait of Hormuz reopens tomorrow.
Story Continues
2. CrowdStrike
Like Datadog, CrowdStrike (NASDAQ: CRWD) manufactures nothing. Its product is the Falcon platform, an AI-native cybersecurity engine that monitors endpoint behavior, threat intelligence, and identity in real time, and runs on software subscriptions that renew at a 98% gross retention rate. The Strait of Hormuz is not included as a line item in CrowdStrike's cost of goods sold.
The most recent results for Q4 of fiscal year 2026, ending Jan. 31, showed annual recurring revenue of $5.25 billion, up 24% year over year, and total revenue of $1.31 billion, up 23%.
The under-discussed angle with this ticker is that AI makes CrowdStrike more relevant, not less. Every AI agent deployed inside an enterprise is a new attack surface. Every API call between an LLM and a corporate database is a new vector. The Falcon platform was built to monitor exactly the kind of distributed, high-velocity environment that AI creates at scale. CrowdStrike guided for fiscal year 2027 revenue of $5.86 to $5.92 billion, representing roughly 13% growth. This is a deliberately conservative number from a management team that has beaten guidance in each of the past eight quarters.
The risk is the same one it always has been with CrowdStrike: The 2024 software update incident scarred a segment of enterprise buyers, and competitors have used that window to compete. The recovery in net new annual recurring revenue has been steady, but the scar tissue remains. Investors buying at this valuation are pricing in a return to 20%-plus growth that has not yet been confirmed for fiscal 2027.
The supply chain crisis clarified something the market was slow to price: Software platforms that sell the intelligence layer of AI (the monitoring, the security, and the observability) do not need a single atom of helium to grow. They need customers whose AI deployments are becoming increasingly complex.
Should you buy stock in Datadog right now?
Before you buy stock in Datadog, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Datadog wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 10, 2026.
Micah Zimmerman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike, Datadog, and Moody's. The Motley Fool has a disclosure policy.
The Best Artificial Intelligence (AI) Growth Stocks After the Helium Shock Are the Ones That Don't Need the Strait of Hormuz was originally published by The Motley Fool
View Comments
- Ecopetrol (EC) Downgraded at Moody’s, Outlook Revised to Negative
May 9, 2026
Ecopetrol S.A. (NYSE:EC) is included among the 10 Best Energy Stocks to Buy Under $20 According to Billionaires.Ecopetrol (EC) Downgraded at Moody's, Outlook Revised to Negative
With a workforce of over 18,000, Ecopetrol S.A. (NYSE:EC) is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent.
On May 6, the credit rating agency Moody’s downgraded Ecopetrol S.A. (NYSE:EC)’s global credit rating from Ba1 to Ba2, while also revising its outlook from stable to negative. However, the agency affirmed the company’s Baseline Credit Assessment (BCA), or stand‑alone credit profile, at b1, highlighting its intrinsic strength.
According to Moody’s, the downgrade is primarily driven by a more cautious assessment of support from the Government of Colombia. This stems from the rising concerns regarding potential government interference and reduced clarity regarding the timeliness and predictability of support mechanisms, especially those tied to the Fuel Price Stabilization Fund (FEPC).
Conversely, Moody’s reaffirmed Ecopetrol S.A. (NYSE:EC)’s BCA at b1, citing the company’s solid position as the leading integrated oil and gas company in Colombia. This assessment is supported by Ecopetrol’s diversified operations, moderate leverage levels, solid liquidity, and its key role in ensuring the South American country’s energy supply.
While we acknowledge the potential of EC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds and 10 Best Fortune 500 Stocks to Buy According to Analysts
Disclosure: None. Follow Insider Monkey on Google News.
View Comments
- Coinbase Q1 Earnings Miss Expectations, Revenues Decline Y/Y
May 8, 2026
Coinbase Global, Inc. COIN reported first-quarter 2026 adjusted operating loss of 17 cents per share, in contrast to the Zacks Consensus Estimate of earnings of 36 cents. COIN had reported an operating income of $1.94 per share in the prior-year quarter.
The quarterly results reflected lower consumer transaction revenues, a decrease in blockchain rewards and other revenues, lower trading volume, and escalating operating expenses.
Coinbase Global, Inc. Price, Consensus and EPS Surprise
Coinbase Global, Inc. price-consensus-eps-surprise-chart | Coinbase Global, Inc. Quote
Operational Update
Total trading volume decreased 50% year over year to $202 million in the reported quarter. The Zacks Consensus Estimate was pegged at $224 million.
Total revenues of $1.4 billion missed the Zacks Consensus Estimate by 5.6%. The top line decreased 30.5% year over year due to lower Transaction revenues, Subscription and services revenues, and other revenues.
Total transaction revenues decreased 40% year over year to $755.8 million in the quarter. The downside was due to a decrease in consumer transaction revenues, offset by an increase in institutional transaction revenues. The Zacks Consensus Estimate was pegged at $827 million.
Total subscription and services revenues decreased 14% year over year to $583.5 million in the reported quarter. The downside was due to a decrease in blockchain rewards, offset by increases in stablecoin revenues. The Zacks Consensus Estimate was pegged at $620 million.
Adjusted EBITDA was $303 million in the reported quarter, which fell 67% from the year-ago quarter. Total operating expenses increased 8% to $1.4 billion in the quarter due to higher technology and development, sales and marketing, losses on crypto assets held for operations, net, and other operating expenses.
Financial Update
Coinbase exited the first quarter with cash and cash equivalents of $10.2 billion as of March 31, 2026, down 9.6% from 2025-end.
As of March 31, 2026, long-term debt remains flat from 2025-end to $5.9 billion.
Shareholders' equity was $13.5 billion at first-quarter 2026-end, down 8.9% from 2025-end.
Net cash used in operating activities was $182,7 million in the first quarter of 2026, which decreased 78.6% year over year.
Q2 2026 Outlook
Coinbase expects subscription and services revenues to be in the range of $565-$645 million.
COIN expects technology and development and general and administrative expenses to be in the range of $820-$870 million.
Coinbase expects sales and marketing expenses to be in the $200-$300 million range. Coinbase expects transaction expenses to be in the low-to-mid teens as a percentage of net revenues.
Coinbase expects stock-based compensation to be $240 million, and restructuring expense to be in the range of $50-$60 million.
Story Continues
Zacks Rank of COIN
COIN currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Financial - Miscellaneous Services Providers
Moody's Corporation MCO reported first-quarter 2026 adjusted earnings of $4.33 per share, which outpaced the Zacks Consensus Estimate of $4.25. The bottom line grew 13% from the year-ago quarter.
After considering certain non-recurring items, net income attributable to Moody's was $661 million, or $3.73 per share, up from $625 million, or $3.46 per share, in the prior-year quarter. Quarterly revenues were $2.08 billion, which surpassed the Zacks Consensus Estimate of $2.07 billion. The top line rose 8% year over year. Total expenses were $1.16 billion, up 7% year over year.
Bread Financial Holdings, Inc. BFH reported first-quarter 2026 operating income of $4.18 per share, outperforming the Zacks Consensus Estimate by 39.3%. The bottom line rose 49% year over year. Revenues increased 5% from the prior-year level to $1 billion, exceeding the consensus estimate by 1.1%.
Credit sales of $6.5 billion increased 7% year over year. Average loan increased 1% to $18.3 billion, and end-of-period loans rose 2% to $18.1 billion. Total interest income increased 2% to $1.2 billion, missing the Zacks Consensus Estimate by 0.4%, and our model estimate by 2.1%. The net interest margin improved 120 basis points to 19.3%, whereas the Zacks Consensus Estimate was pegged at 18.2%.
Virtu Financial, Inc. VIRT reported first-quarter adjusted earnings per share of $2.24, which beat the Zacks Consensus Estimate by 34.9%. The bottom line increased 72.3% year over year. Adjusted Net Trading Income rose 58.2% year over year to $786.5 million, surpassing the consensus estimate by 37.5%. Revenues from commissions, net and technology services rose 23.3% year over year to $186.6 million. The metric beat the Zacks Consensus Estimate and our model estimate of $163.2 million.
Interest and dividend income of $127.5 million increased 16.9% year over year but missed both the Zacks Consensus Estimate and our estimate of $128.6 million. Adjusted EBITDA increased 62.7% year over year to $520.6 million. Adjusted EBITDA margin improved year over year to 66.2% from 64.4% a year ago.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Moody's Corporation (MCO) : Free Stock Analysis Report
Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
Bread Financial Holdings, Inc. (BFH) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- Warren Buffett: “I'd rather have Greg handling my money than any of the top investment advisors or any of the top CEOs of the United States.”
May 8, 2026 · 247wallst.com
Warren Buffett does not hand out personal endorsements of his money manager every day.
