
Prologis Q3 2026: $1.60 Core FFO Beats as GAAP Guide Gets Cut and FFO Raised
Prologis earned $0.86 per share in Q3 2026 with Core FFO of $1.60, then cut its GAAP guide while raising FFO — the REIT two-step, explained.
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Prologis earned $0.86 per share in Q3 2026 with Core FFO of $1.60, then cut its GAAP guide while raising FFO — the REIT two-step, explained.

Progressive earned $2.54B in Q3 2026 on an 88.7 combined ratio, buying back $471M of stock while rising rates pushed bond losses to $3.5B.

PNC Q3 2026: EPS rose 14.3% to $4.97 as NII jumped 15.3% to $4.21B and guidance was raised, while the FirstBank deal reshaped the balance sheet.

Old Republic grew premiums 8.8% in Q3 2026 but operating EPS fell 6% to $0.73 as the combined ratio rose to 96.1 and reserve releases shrank.

Northern Trust earned $3.40 per share in Q3 2026, up 48%, as trust fees, a wider margin and $19.9T in client assets compounded.

Nokia Q3 2026: sales +10% to €5.15B as AI & Cloud doubled; €357M restructuring cut reported profit while comparable margin rose to 11.7%.

MSCI grew revenue 12.4% to $892M on a 25% jump in asset-based fees, earning $4.86 per share while buying back $552M of stock.

Marsh McLennan Q3 2026: revenue grew 8% to $6.9B with consulting up 9%; GAAP EPS $1.69, adjusted $2.03 as Risk margins lag.

M&T Bank Q3 2026: EPS rose 4.6% to $5.04 on a 7% lower share count as net income slipped 2.1% to $775M, with NII up 1.8% and credit improving.

Interest is charged on the balance you still owe, so early payments are interest-heavy. Build the schedule, model prepayments, and book the split.

Liberty Energy Q3 2026: revenue jumped 26.3% to $1.2B but a $62.9M investment loss drove a $39M net loss; 1.2 GW AI power deal signed.

Section 5 bans pre-filing offers, defined as any publicity conditioning the market. What founders may say before filing, while waiting, and after pricing.