Section 16, Explained: Forms 3, 4, and 5, the Two-Day Deadline, and the Six-Month Clawback
Company insiders must report trades on Form 4 within two business days, and Section 16(b) claws back profits on any round-trip trade under six months.
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Onerous Contracts, Explained: When a Loss-Making Contract Becomes a Liability
A contract is onerous when unavoidable costs exceed benefits — provision the lower of the fulfillment loss and the exit penalty.
The COSO Internal Control Framework, Explained: The Five Components and 17 Principles Behind Every Audit
COSO's 2013 framework defines internal control through five components and 17 principles — the criteria behind every SOX 404 audit and most CPA walkthroughs.
Restructuring Charges, Explained: When Exit Costs Hit the Income Statement Under ASC 420 and ASC 712
Under ASC 420, a restructuring plan books nothing until each cost is incurred — but standing severance policies accrue earlier under ASC 712.
AGNC Q3 2026: $1.40B Loss, Book Value −16.9% to $7.13
AGNC Q3 2026: a $1.36B net loss as $5.0B of unrealized losses cut tangible book 16.9% to $7.13, while $0.37 spread income covered the $0.36 dividend.
Allegion Q3 2026: $2.59 EPS Up 19% as Americas Non-Residential Surges and Outlook Rises
Allegion earned $2.59 per share in Q3 2026, up 19%, on 9.6% revenue growth led by Americas non-residential — and raised its full-year outlook.
Ally Financial Q3 2026: $1.34 Adjusted EPS Up 16% as Auto Originations Hit $12.9B
Ally Financial earned an adjusted $1.34 per share in Q3 2026, up 16%, on record auto applications and $142B of retail deposits.
BNY Q3 2026: EPS $2.34 (+24%) on $5.68B Revenue
BNY Q3 2026: EPS jumped 24% to $2.34 as fee revenue grew 12% and NII 15%; $63.4T in custody assets, $1.4B returned.
BOK Financial Q3 2026: EPS $2.64 (+19%) as NII Grows 9.6%
BOK Financial Q3 2026: EPS rose 19% to $2.64 as NII grew 9.6% to $370M with zero provision, while brokerage fees halved and buybacks cut shares 3.9%.
Citizens Q3 2026: EPS $1.41 (+34%) on NII Surge and Lower Provision
Citizens Q3 2026: EPS jumped 34% to $1.41 as NII surged 12.6% to $1.68B and provision fell 19%, with efficiency improving to 60%.
Going-Concern Assessment, Explained: Can Your Business Pay Its Bills for the Next Year?
Under ASC 205-40, management must test whether the business can pay its bills for a year after issuance — and disclose substantial doubt either way.
Interactive Brokers Q3 2026: $0.69 EPS Up 17% as Net Interest Hits $1.15B and Dividend Jumps 71%
Interactive Brokers earned $0.69 per share in Q3 2026, up 17%, as net interest income grew 19% to $1.15B — and hiked its dividend 71% to $0.15.