Latest news with #RF
GMA Network
2 days ago
- General
- GMA Network
Lone bettor wins P97.897M Superlotto jackpot draw on Thursday, June 26, 2025
A lone bettor bagged the Superlotto jackpot prize worth nearly P98 million on Thursday, June 26, 2025 according to the Philippine Charity Sweepstakes Office. The winning numbers were 25-08-05-27-18-16 with the jackpot totaling P97,897,380.40. There was no winner for Lotto 6/42, the combination 25-02-23-18-05-24 would have won P9,056,625. For more lotto results, visit here. —RF, GMA Integrated News
GMA Network
2 days ago
- Climate
- GMA Network
Cloudy skies, rain expected all over PH due to Habagat
The Southwest Monsoon (Habagat) will bring cloudy skies and rain over several areas in the country in the next 24 hours, PAGASA said Thursday afternoon. According to its 4 p.m. daily weather forecast, the state weather bureau said the affected areas are Mindanao, Western Visayas, Negros Islands Region, Pangasinan, Zambales, Bataan, Palawan, Occidental Mindoro, and Oriental Mindoro. These moderate to at times heavy rains may cause flash floods or landslides. Partly cloudy to cloudy skies with isolated rain showers or thunderstorms will also persist over the rest of Visayas, also due to the Habagat. Metro Manila and the rest of Luzon will observe similar weather conditions due to localized thunderstorms. These severe thunderstorms may trigger flash floods or landslides. Meanwhile, PAGASA continues to monitor the tropical depression outside the Philippine Area of Responsibility. At 3 p.m., it was located 1,215 kilometers west of extreme Northern Luzon, with maximum sustained winds of 45 kilometers per hour and gustiness of 55 km/h, and moving northwestward at 15 km/h. State meteorologists also said winds will be light to moderate, while coastal waters will be slight to moderate throughout the country. Sunrise in Metro Manila will be at 5:30 a.m. on Friday. —Mariel Celine Serquiña/RF, GMA Integrated News
GMA Network
3 days ago
- General
- GMA Network
No winners of major lotto jackpot draws on Wednesday, June 25, 2025
The Philippine Charity Sweepstakes Office (PCSO) said there were no winners of the major lotto jackpot draws on Wednesday, June 25, 2025. The winning numbers for the Grand Lotto 6/55 jackpot worth P63,655,396.20 are 01-07-02-11-41-37. For Megalotto 6/45, the correct combination of 36-13-27-43-34-24, would have given a jackpot of P32,723,870.80. For more lotto results, visit here. — RF, GMA Integrated News
GMA Network
3 days ago
- Politics
- GMA Network
Gabriela urges proclamation as winning party-list group for Eleksyon 2025
Gabriela Women's Party on Wednesday filed an appeal letter to the Commission on Elections (Comelec) urging it be proclaimed as one of the winning party-list groups in Eleksyon 2025. On Wednesday, members of the women' s organization staged a rally outside the Comelec main office in Intramuros, Manila and to submit consolidated letters of appeal from marginalized sectors including solo parents, LGBTQIA+, and child rights advocates to call for the disqualification of Duterte Youth with finality and for the proclamation of Gabriela. 'We urge you to consider our appeal for genuine representation, especially for marginalized sectors like the vast majority of impoverished women in the country,' Gabriela said in its letter to the poll body. The group appealed to the Comelec 'to proclaim the most consistent champion of women's and people's rights in Congress- the Gabriela Party-list.' Gabriela ranked 55th in the recent May polls, garnering 256,609 votes. Duterte Youth Meanwhile, the Duterte Youth party-list filed a motion for reconsideration (MR) with the Comelec en banc seeking to reverse the poll body division ruling and to proclaim them as one of the winning party-lists in the recent polls. In a motion dated June 20, the party-list said the Comelec Second Division 'gravely erred' when it ruled the registration of the Duterte Youth is void ab initio, or void from the beginning, when it failed to comply with the constitutional requirements of publication and hearing of their registration. 'The Party-List System Act, specifically Sec. 5 of RA 7941 orders that the Comelec, not the party-list applicant, to publish the petition for registration in two national newspapers of general circulation and shall resolve the petition within 15 days from the date it was submitted for resolution,' the motion read. The Comelec Second Division last week cancelled the registration of the Duterte Youth Party-list based on a 2019 petition that sought to nullify its registration after it failed to comply with the constitutional requirement of publication and hearing. However, the decision is not yet final and executory. The party-list also argued the group's past action in compliance with the laws, rules, and regulations, 'cannot be translated or construed as a mockery of the electoral processes or to bring it into disrepute' as the petitioners failed to submit evidence to support their claims. 'Despite [the] presence of several factual issues, the petitioners did not present any testimonial evidence and submitted the case for resolution on the basis of what has been marked and for the Comelec to rule only on the basis of facts which were undisputed by the parties,' the motion added. —RF, GMA Integrated News For more Eleksyon 2025 related content and updates, visit GMA News Online's Eleksyon 2025 microsite.
Yahoo
4 days ago
- Business
- Yahoo
RF Q1 Deep Dive: Uncertainty Weighs on Loan Growth as Deposits Hold Steady
Regional banking company Regions Financial (NYSE:RF) missed Wall Street's revenue expectations in Q1 CY2025 as sales rose 2.1% year on year to $1.78 billion. Its non-GAAP profit of $0.54 per share was 6.2% above analysts' consensus estimates. Is now the time to buy RF? Find out in our full research report (it's free). Revenue: $1.78 billion vs analyst estimates of $1.82 billion (2.1% year-on-year growth, 2.2% miss) Adjusted EPS: $0.54 vs analyst estimates of $0.51 (6.2% beat) Adjusted Operating Income: $662 million vs analyst estimates of $739.2 million (37.1% margin, 10.4% miss) Market Capitalization: $19.96 billion Regions Financial's first quarter results showed revenue growth but fell short of Wall Street's expectations, while adjusted earnings per share surpassed analyst estimates. Management attributed the mixed performance to customers adopting a wait-and-see approach amid economic uncertainty, especially regarding tariffs and regulatory changes. CEO John Turner explained, 'Clearly, the volatility and uncertainty have customers in sort of a wait-and-see mode.' The company's deposit base grew, supported by seasonal trends and customer preference for liquidity, but loan balances declined due to delayed investment decisions by clients and lower consumer loan production. Looking forward, management expects stable average loans and deposits for the remainder of the year, but acknowledges that the outlook depends heavily on clarity around tariffs and broader economic trends. CFO David Turner highlighted that net interest income could improve as 'fixed-rate loan and securities turnover in the prevailing rate environment and improving deposit cost trends will drive net interest income higher over the remainder of the year.' However, with capital markets activity still subdued and elevated net charge-offs anticipated in the first half of the year, the company is positioning for modest growth and disciplined expense management. Management identified client caution, lower loan demand, and stable deposit growth as key factors influencing Q1 results. Ongoing investments in talent and technology also shaped expense trends. Client investment delays: Commercial clients delayed new investments due to uncertainty about tariffs and regulatory policies, which reduced loan demand and impacted loan growth in priority markets. Deposit growth amid caution: Customer preference for liquidity led to higher average deposits, especially in money market offerings, as clients opted for safety during uncertain times. Capital markets slowdown: Weaker M&A, real estate capital markets, and loan syndication activity dragged on non-interest income, with management expecting this trend to persist until market conditions stabilize. Expense discipline and investments: Expense growth was managed through lower headcount and retirements, offsetting ongoing investments in high-growth markets and technology improvements, as noted by CFO David Turner. Asset quality and charge-offs: Net charge-offs rose, mainly from previously identified portfolios like office and transportation, but management believes reserves are sufficient and expects charge-offs to be front-loaded in the first half of the year before improving. Management's outlook hinges on resolving client uncertainty, improving loan demand, and maintaining expense discipline as key themes for the coming quarters. Loan and deposit stability: Regions expects average loans and deposits to remain stable for the year, contingent on greater clarity around tariffs and macroeconomic trends. Clients' investment decisions will be key to reviving loan growth. Fee revenue and capital markets: Fee revenue growth is likely to be restrained by subdued capital markets activity, particularly in M&A and loan syndications, though treasury and wealth management could offer some offsetting strength. Expense management and capital return: The company aims to maintain flat to modestly higher expenses, balancing continued investment in talent with cost savings from headcount reductions. Management indicated that if loan growth remains muted, capital will be used for share repurchases. In the coming quarters, our team will be monitoring (1) whether client investment activity resumes as macroeconomic clarity improves, (2) signs of a rebound in capital markets revenue, especially M&A and loan syndication, and (3) continued progress in deposit growth and expense control. Developments in tariff policies and regulatory actions will also be critical to watch. Regions Financial currently trades at $22.46, in line with $22.41 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). 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