Banks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 10.1%. This drawdown was disappointing since the S&P 500 held its ground.
By the close of today, November 17, 2023, WSFS Financial (NASDAQ:WSFS) will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 1.75%. Only those investors who owned the stock prior to the ex-dividend date on November 02, 2023 will receive this payout.
Companies Reporting Before The Bell • Koninklijke Philips (NYSE:PHG) is projected to report quarterly earnings at $0.33 per share on revenue of $4.65 billion.
