Amalgamated Financial Corp. (AMAL)
Amalgamated Financial Corp. operates in the Banks - Regional industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $50.54, up 1.06% on the session, giving a market capitalisation of $1.51B. On trailing twelve-month figures it carries a trailing P/E of 13.34, a net margin of 23.4%. Its beta of 0.79 implies it has historically moved less than the broad market.
Amalgamated Financial Corp., established in New York in 1923, operates as the parent company for Amalgamated Bank. This institution delivers a comprehensive array of financial services, including commercial and retail banking, investment management, and trust and custody solutions, to businesses and individual customers across the United States. Its banking provisions encompass various deposit accounts, from non-interest bearing and interest-bearing checking to savings, money market, and certificates of deposit. On the lending side, Amalgamated extends commercial loans for industrial, multi-family, and general real estate purposes, in addition to retail loans like residential mortgages and consumer credit. Beyond core banking, the company facilitates online banking, bill payment, cash management, and safe deposit box rentals, while also providing debit and ATM cards. Its specialized trust, custody, and investment management operations cover asset safekeeping, corporate action handling, income collection, proxy services, and asset transfers and conversion management. Furthermore, it offers diverse investment products, such as equity, fixed-income, real estate, and alternative investments, alongside brokerage, asset management, and insurance products. Amalgamated Financial Corp. serves its clientele through a digital banking platform and a network of physical offices, including three branches in New York City, one in Washington, D.C., one in San Francisco, and a commercial office in Boston.
Amalgamated Financial Corp. is most often compared with the following Financial Services names: