Meta Financial Group ( (CASH) ) has provided an update.
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Pathward Financial, Inc.’s subsidiary, Pathward, finalized the sale of its commercial insurance premium finance business for $603.3 million, enhancing its fiscal year 2025 earnings guidance to $7.25-$7.75 per share. This strategic move anticipates two interest rate cuts, a higher net interest margin than in 2024, and significant securities sales. The company aims to effectively deploy the capital from this sale while managing potential risks and delivering on expected returns, making it a compelling watch for investors.
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