Merchants Bancorp shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, Raymond James downgraded the stock.
Portfolio Pulse from Benzinga Newsdesk
Merchants Bancorp shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, Raymond James downgraded the stock.
July 30, 2024 | 2:26 pm
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NEGATIVE IMPACT
Merchants Bancorp shares are trading lower due to worse-than-expected Q2 financial results and a downgrade from Raymond James.
The combination of disappointing Q2 financial results and a downgrade from a reputable analyst firm like Raymond James is likely to negatively impact Merchants Bancorp's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100