Stock Movers TD Bank Rises, Snowflake Gains, Galaxy Digital Gains After Bitcoin Hits High
May 22, 2025
TD Bank shares are on the rise as the company plans a 2% workforce reduction to boost efficiency. Meanwhile, Snowflake forecasts impressive product revenue growth, surprising analysts in a tough economy. Galaxy Digital benefits from Bitcoin hitting an all-time high, reaching $111,878, thanks to optimism around a US stablecoin bill. The podcast dives into how these companies are navigating the market and capitalizing on current trends.
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TD Bank's Strength Amid Restructuring
- TD Bank's stock rose 3.5% following better than expected adjusted EPS and core earnings.
- Workforce reduction by 2% is aimed at cost reduction and efficiency amid U.S. import tariffs.
Snowflake's Strong Revenue Outlook
- Snowflake's shares surged 11%, its highest since February 2024, after forecasting 25% product revenue growth.
- The company is confident despite uncertain economic conditions, showing management's near-term demand durability.
Galaxy Digital and Bitcoin Surge
- Galaxy Digital shares increased 2.5% with a 30% gain since listing on U.S. markets, buoyed by Bitcoin's record high $111,878.
- Optimism around US stablecoin legislation and overall market demand fuel this cryptocurrency bull market.