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DCOM

Dime Community Bancshares (NASDAQ:DCOM) has been analyzed by four analysts, showing a range of opinions from bullish to bearish. Recent analyst actions include raised ratings and price targets, with an average 12-month price target of $28.62, up from $25.75. Despite positive analyst sentiment, Dime Community Bancshares faces financial challenges, including declining revenue growth, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 8:01 pm

SPY

Jeffrey Gundlach from DoubleLine Capital predicts that the Federal Reserve will cut interest rates by 50 basis points soon and a total of 125 basis points this year. He also believes the U.S. is currently in a recession.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:29 pm

AAPL

GS

JPM

JPMorgan Chase is in talks to take over the Apple credit card program from Goldman Sachs. Discussions have advanced, but key details, including pricing, are still being negotiated. The transition involves $17 billion in outstanding balances.

Portfolio Pulse from Adam Eckert

September 17, 2024 | 7:15 pm

ALLY

BAC

COF

ENVA

QFIN

RM

Wall Street is concerned about rising credit card delinquencies, especially among lower-income borrowers. This has impacted consumer-lending and car-loan provider stocks, which saw a rise in prices despite the negative news. Companies like Bread Financial and Ally Financial are expecting higher charge-off rates due to economic pressures.

Portfolio Pulse from Michael Juliano

September 17, 2024 | 6:46 pm

TUP

Tupperware Brands Corp (NYSE:TUP) is reportedly preparing to file for bankruptcy, causing its stock to plummet nearly 60%. The company breached debt terms and is seeking court protection, though plans are not finalized. Tupperware's stock remains volatile.

Portfolio Pulse from Adam Eckert

September 17, 2024 | 5:09 pm

OMF

Six analysts have provided ratings on OneMain Holdings (NYSE:OMF) over the past three months, showing a range of sentiments from bullish to indifferent. The average 12-month price target is $57.0, with a slight decrease in sentiment. Analysts have adjusted their ratings and price targets, reflecting their views on the company's market position. OneMain Holdings faces challenges with below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 5:01 pm

AAPL

JPM

JPMorgan Chase is in discussions with Apple to potentially take over the Apple credit card program from Goldman Sachs. The talks have progressed, but key details like pricing are still under negotiation, and a deal is not yet guaranteed.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:12 pm

BFI

BurgerFi International Inc. (NASDAQ:BFI) shares surged after securing $3.5 million in interim court-approved financing to support its Chapter 11 restructuring. The funding, from TREW Capital Management, ensures continued operations at its 144 locations. The company plans a sale process and leadership changes as part of its restructuring efforts.

Portfolio Pulse from Vaishali Prayag

September 17, 2024 | 3:25 pm

LUMN

Lumen Technologies announced early results of its exchange offers for unsecured notes, involving newly-issued secured notes. The offers include Lumen and its subsidiary Level 3, with a cap of $500 million for new secured notes due 2032.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:18 pm

SITC

SITE Centers has sold 13 properties for $714.3M and used part of the proceeds to repay $159M of its mortgage facility. The company also acquired six shopping centers for $111.2M. Curbline, a spin-off, will be capitalized with $600M cash and a $400M line of credit.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:00 am