Community Financial System, Inc. Common Stock (CBU)

Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. But worries about an economic slowdown and potential credit deterioration have kept sentiment in check, and over the past six months, the banking industry has tumbled by 11%. This drawdown was seriously disheartening since the S&P 500 stood firm.

CBU stock results show that Community Financial beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

CBU stock results show that Community Bank System beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

Companies Reporting Before The Bell • Webster Finl (NYSE:WBS) is estimated to report quarterly earnings at $1.46 per share on revenue of $603.11 million.

Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.

Companies Reporting Before The Bell • Immunogen (NASDAQ:IMGN) is estimated to report quarterly loss at $0.16 per share on revenue of $42.84 million.

The financial world is facing a challenging road ahead which beckons the question over financial services stocks to avoid.

One way to make quick gains is to invest in quality stocks that are down significantly. Since these are quality stocks, they should eventually move up, and in turn, provide gains to investors. Here are the 10 biggest stocks with a new 52-week low.

  On Thursday, 15 stocks hit new 52-week lows.

  On Wednesday, 22 companies hit new 52-week lows.

Companies Reporting Before The Bell • GATX (NYSE:GATX) is expected to report quarterly earnings at $1.44 per share on revenue of $327.63 million.