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MarketBeat August 2026 market recap
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Pathward Financial (NASDAQ: CASH) — Pathward Financial announced an expanded partnership with money-movement platform TabaPay. The agreement extends the relationship through 2031 and adds lending disbursements, cross-border money movement and preferred account funding to the companies’ existing payment capabilities. On Aug. 20, Pathward also declared a quarterly dividend of 5 cents per share, payable Oct. 1 to shareholders of record as of Sept. 10.
SAB BIO (NASDAQ: SABS)— SAB Biotherapeutics reported second quarter results on Aug. 6 with an earnings per share of negative 28 cents, meeting analyst expectations. The company ended the quarter with $208 million in cash, cash equivalents and investments, providing an operational runway through 2028. SAB BIO also said more than 60 clinical sites had been activated for its SAFEGUARD study of SAB-142, with enrollment still expected to be completed in the fourth quarter.
First Interstate BancSystem (NASDAQ: FIBK) — On Aug. 21, First Interstate BancSystem appointed Jeff Leeexecutive vice president and chief operations officer, effective Sept. 14. Lee brings more than 20 years of banking leadership experience spanning operations, technology, digital banking, information security, marketing and business transformation. Earlier in the month, First Interstate was named to American Banker’s 2026 list of top-performing banks with $10 billion to $50 billion in assets.
The Bancorp (NASDAQ: TBBK) — On Aug. 3, The Bancorp announced that KBRA affirmed its credit ratings and those of The Bancorp Bank, maintaining a stable outlook on the long-term ratings. KBRA cited the company’s banking-as-a-service leadership, strong earnings performance and durable deposit base among the factors supporting the ratings.
Wells Fargo (NYSE: WFC) — Wells Fargo announced on Aug. 4 that it plans to introduce tokenized deposits for corporate and commercial clients. The blockchain-based service is expected to launch this fall with limited U.S.-dollar-to-British-pound transactions before expanding to additional clients, countries and currencies during 2027, giving the bank a new offering for round-the-clock fund movement and settlement.
NorthWestern Energy (NASDAQ: NWE) — On Aug. 14, NorthWestern Energy announced an upgrade to approximately 5.5 miles of natural gas transmission pipeline near Helena, Montana. The project replaces roughly 40-year-old infrastructure, with construction expected to be completed around mid-October, and is intended to strengthen reliability for customers in the Helena area.
CNH Industrial (NYSE: CNH)— CNH Industrial reported second quarter results on Aug. 3, beating analyst expectations on both earnings and revenue. EPS of 13 cents topped the 11-cent consensus estimate, while revenue of $4.8 billion came in above expectations of $4.77 billion and increased 2 percent year over year. CNH also narrowed its full-year guidance toward the higher end of its previous ranges.
Citigroup (NYSE: C) — On Aug. 13, Citigroup’s U.S. Consumer Cards business entered into an agreement to acquire Kard Financial, a commerce-media platform that connects card issuers with merchant-funded offers. The same day, Citi Investor Services won a middle-office mandate from Aegon Asset Management covering $380 billion in assets under management, expanding a relationship that spans roughly 20 years. In addition, Citi launched Custody+, a suite of near- and real-time custody services, on Aug. 18.
Smithfield Foods(NASDAQ: SFD) — Smithfield Foods reported second quarter results on Aug. 11, with adjusted EPS of 62 cents beating the 60-cent analyst estimate and increasing 13 percent year over year. Net sales declined 2.3 percent to $3.7 billion, while adjusted operating profit reached a second quarter record of $300 million. The company lowered its full-year adjusted operating profit outlook to between $1.225 billion and $1.375 billion, citing a more challenging macroeconomic environment.
McDonald’s (NYSE: MCD)— McDonald’s reported second quarter results on Aug. 4, with EPS of $3.38 beating the $3.32 analyst estimate, while revenue of $7.10 billion came in slightly below the $7.13 billion consensus. Revenue increased 3.7 percent year over year, while global comparable sales rose 1.3 percent, and U.S. comparable sales increased 0.8 percent. The company also appointed Skye Anderson president of McDonald’s USA.
Walmart (NASDAQ: WMT)— Walmart reported second quarter results on Aug. 20, beating analyst expectations on both earnings and revenue. EPS of 81 cents topped the 74-cent consensus, while revenue increased 5.9 percent year over year to $187.94 billion, above expectations of $186.64 billion. Global e-commerce sales rose 23 percent, and Walmart raised its full-year sales and adjusted operating income outlook. Earlier in the month, Walmart completed its acquisition of streaming-TV advertising platform Vibe.co, expanding Walmart Connect’s advertising capabilities. The retailer also began rolling out Tap to Pay at select Walmart and Sam’s Club locations on Aug. 24, with nationwide availability planned by the end of the year.
Target (NYSE: TGT)— Target reported second quarter results on Aug. 19, with EPS of $4.11 topping the $2.35 analyst estimate and revenue of $26.54 billion beating the $26.13 billion consensus. The EPS figure included a $1.65-per-share benefit from tariff refunds; excluding that benefit, EPS still increased 20 percent year over year. Comparable sales rose 3.8 percent, supported by a 3.6 percent increase in traffic.
Macy’s (NYSE: M) — On Aug. 25, Macy’s appointed Maya Dukes as senior vice president and executive creative director, effective Aug. 31, putting her in charge of creative strategy and brand expression across customer touchpoints. Three days later, the board declared a regular quarterly dividend of 19 cents per share, payable Oct. 1 to shareholders of record as of Sept. 15.
Dillard’s (NYSE: DDS) — Dillard’s reported second quarter results on Aug. 13, with EPS of $6.25 beating the $4.29 analyst estimate, and revenue of $1.53 billion topping the $1.52 billion consensus. Net income increased to $97.7 million from $72.8 million one year earlier, while total retail and comparable-store sales each rose 1 percent. Results included a $1.82-per-share benefit from tariff refunds. On Aug. 20, the board also declared a quarterly dividend of 30 cents per share, payable Nov. 2.
Amazon (NASDAQ: AMZN) — On Aug. 31, the Federal Trade Commission and 22 states sued Amazon, alleging that the company imposed undisclosed surcharges in its online advertising auctions. The lawsuit adds to regulatory pressure on Amazon’s advertising business. Earlier in the month, Amazon Web Services and Nvidia announced an expanded partnership that includes plans to <a href="https://press.aboutamazon.com/aws/2026/8/aws-and-nvidia-to-deliver-2-million-additional-gpus-and-next-generation-infrastructure-for-agentic-and-physical-ai” rel=”nofollow noopener” target=”_blank”>deploy 2 million additional Nvidia graphics processing unitsacross AWS infrastructure in 2027 and 2028.
Costco (NASDAQ: COST) — On Aug. 5, Costco reported net sales of $23.12 billion for the four-week July retail month ended Aug. 2, an increase of 10.7 percent from one year earlier. Total company comparable sales increased 8.9 percent, while digitally enabled comparable sales rose 17.7 percent.
Ford Motor (NYSE: F)— Ford reported 169,951 U.S. vehicle sales for July, down 10.2 percent from one year earlier. Electric vehicle sales fell 74.9 percent, hybrid sales declined 25.1 percent, and F-Series sales decreased 6.5 percent, although Maverick sales increased 29.1 percent.
General Motors (NYSE: GM)— On Aug. 7, General Motors established an inventory-funding program designed to help suppliers acquire and hold critical parts during supply-chain disruptions. The program allows up to $4.5 billion in outstanding payment undertakings, providing an additional mechanism to protect vehicle production. Later in the month, GM’s Canadian employees ratified new three-year agreements with Unifor covering approximately 4,600 workers, alongside planned manufacturing investments that will bring next-generation GMC Sierra Heavy-Duty production to Oshawa and a next-generation transmission to St. Catharines.
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