Amalgamated Financial Corp

AMAL remains supported by its medium-term uptrend above the 50- and 200-day SMAs, but recent weakness has driven price below the 9- and 20-day EMAs into the 50-day SMA support zone. Following our Value + EPS accumulation framework, we will defer new entries and stalk for a clean pullback with evidence of acceptance at the 50-day SMA or a reclaim of the 9/20-day EMAs before initiating longs.

• ↑Q2 core net income $33.1M; net income $34.8M on robust execution
• ↑Record $1B new deposits; loans grew $155M, led by C&I and multifamily
• ↓Provision for loan losses rose to $68.2M, highlighting credit deterioration in multifamily