Streetbeat News

Assets

SSY

SunLink Health Systems has sold the real estate of Trace Regional Hospital for $2 million, retaining $1.93 million in net proceeds. The funds will be used for working capital and strategic transaction opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:12 pm

HLIO

Helios Technologies is assessing the damage and disruption caused by Hurricane Milton at its Florida facilities. The company will provide updates and estimates on the impact on its financial results and operations once the assessment is complete.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:03 pm

TPET

Trio Petroleum shares rise as the company secures a 20% interest option in Utah's Asphalt Ridge project, with additional rights to participate in 30,000 more acres.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:23 pm

TD

TD Bank announced a balance sheet restructuring for FY25, aiming to reduce assets by about 10% through managing down or selling certain loan portfolios. The incoming CEO acknowledges the challenges but emphasizes the need for these changes to strengthen the bank's foundation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:01 pm

TD

TD Bank Group anticipates incurring up to $1.5 billion in one-time costs related to asset reduction and investment portfolio repositioning. The year 2025 is expected to be a transition period for its U.S. retail operations due to balance sheet restructuring to comply with an asset cap.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 6:52 pm

OWL

UPST

Upstart has secured a programmatic purchase commitment from Blue Owl Capital, which will buy up to $2 billion in consumer loans from Upstart's platform over 18 months. This includes an initial $290 million personal loan portfolio acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 6:37 pm

ACN

Accenture Inc. (NYSE:ACN) stock is currently priced at $359.07, down 1.25% in the current session but up 2.63% over the past month and 18.97% over the past year. The company's P/E ratio is lower than the IT Services industry average, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:30 pm

HCA

HCA Florida Healthcare announced that HCA Florida Largo Hospital sustained flooding in its basement due to Hurricane Milton. The hospital has temporarily closed and suspended all services.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:17 pm

TD

TD Bank has pleaded guilty to violations of the Bank Secrecy Act and money laundering, resulting in a $3 billion fine. US regulators have imposed an asset cap and restricted the bank from opening new branches or services until compliance issues are resolved. The DOJ and OCC have cited long-term, systemic deficiencies in TD Bank's anti-money laundering efforts.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:03 pm