CARV Stock Plunges Over 6% Amidst Lack of Institutional Support

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6 hours ago
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Carver Bancorp Inc. (CARV, Financial) saw a significant downturn as its stock price fell by 6.04%. Trading volume reached 22,868 shares with a turnover rate of 0.45% and a volatility of 4.40%. The latest financial reports reveal that Carver Bancorp generated $9.83 million in revenue with a net loss of $2.21 million, resulting in a negative earnings per share of $0.43 and a price-to-earnings ratio of -2.42. Currently, no institutional recommendations are available for buying, holding, or selling this stock.

The banking sector experienced an overall decline of 0.23%. Noteworthy performers in the sector include LendingClub Corporation, Marin Bank, and Fanhua Financial, which saw notable increases. Additionally, Rocket Companies, LendingClub Corporation, and UWM Holdings demonstrated active trading with turnover rates of 1.11%, 1.10%, and 0.95%, respectively. Fanhua Financial, Bogota Financial Corp., and SHF Holdings, Inc. exhibited high volatility, with amplitudes of 12.84%, 8.92%, and 8.30% respectively.

Carver Bancorp operates as a holding company, providing diverse financial solutions through its subsidiaries. The bank offers various consumer and commercial banking services, such as debit cards, online banking, online bill payment, and telephone banking. Its market region in New York City serves consumers, businesses, and government entities with deposit products like checking, savings, and time deposits.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.