What's Going On With AT&T Shares
Portfolio Pulse from Henry Khederian
AT&T Inc. (NYSE:T) shares are trading lower by 2.9% to $14.94. The decrease might be due to the U.S. 10-year Treasury yield crossing 5%, which could drive a rotation out of dividend-paying stocks. Despite this, AT&T reported better-than-expected third-quarter financial results last week, with operating revenues of $30.35 billion, a 1% YoY increase, and an adjusted EPS of 64 cents.
October 23, 2023 | 7:27 pm
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AT&T shares are trading lower possibly due to the U.S. 10-year Treasury yield crossing 5%. However, the company reported strong Q3 results.
The increase in the U.S. 10-year Treasury yield could lead investors to rotate out of dividend-paying stocks like AT&T, causing a decrease in its share price. However, the company's strong Q3 results could potentially offset this impact.
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