Grandsouth Bancorp
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GRRB Grandsouth Bancorp
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Financials : Banks |
Company profile

Grandsouth Bancorporation is a holding company for GrandSouth Bank (the Bank). The Bank offers a range of commercial bank services. It offers a range of accounts, such as Value Checking account, Grand Checking account and savings account. It also offers business checking account, business interest checking account and business checking on analysis. It offers Mastercard and Visa credit card options. The Bank also offers online banking services. The Company makes loans to individuals and small businesses for various personal and commercial purposes primarily in South Carolina. The Bank offers secured and unsecured, short-to-intermediate term loans, with floating and fixed rates for commercial, consumer and residential purposes. Its investment portfolio consists principally of obligations of the United States Government-sponsored entities and general obligation municipal securities. Its deposit services include business and personal checking accounts and money market accounts.

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Today's volume of 0 shares is on pace to be much lighter than GRRB's 10-day average volume of 300 shares.


Tesla upgraded by Morgan Stanley on expectations it has liquidity, access to capital to manage through virus

9:56 am ET March 19, 2020 (MarketWatch)

Tesla Inc. shares (TSLA) were upgraded to equal weight from underperform by Morgan Stanley on Thursday, with analysts led by Adam Jonas saying their long-term model remains intact as the coronavirus that causes COVID-19 forces production cuts. Jonas updated fiscal 2020 delivery forecasts to include one month of lost production at the electric car maker's Fremont plant in California, lowering it to 420,000 from a previous 450,000. "We believe Tesla has sufficient liquidity and access to capital during this time," the analyst wrote in a note to clients. The stock is now trading below Morgan Stanley's $460 price target, which it cut from $480 previously. Jonas had downgraded Tesla stock in January at a time when the price was close to $1,000 and sentiment was buoyant. The virus has had the effect of bringing that to a more realistic level that reflects the company's value, he wrote. Tesla shares were up 0.5% Thursday, and have gained about 36% in the last 12 months, while the S&P 500 has fallen 15%.

-Ciara Linnane; 415-439-6400;

(END) Dow Jones Newswires

March 19, 2020 09:56 ET (13:56 GMT)

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