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UBS

UBS Group AG shares are trading lower despite affirming its commitment to the Swiss market. The bank aims to maintain its Swiss loan book at 350 billion francs, amidst scrutiny following its Credit Suisse acquisition. UBS reported strong Q2 FY24 results, beating sales and EPS expectations.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 4:40 pm

GS

SPY

Goldman Sachs CEO predicts a 25 basis point rate cut in the upcoming Federal Reserve meeting, as discussed in a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:40 pm

GS

Goldman Sachs CEO David Solomon stated that the company has made significant progress on inflation. He also mentioned that the unwinding of their credit card business has not been as complicated as initially expected.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:30 pm

GS

SPY

Goldman Sachs CEO predicts 2 to 3 interest rate cuts in the fall, with a potential reduction of 25 to 50 basis points. This could impact financial markets and investment strategies.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:27 pm

T

AT&T's stock declined by 1.9% to $21.30 due to rising U.S. Treasury yields following an unexpected increase in core inflation. This rise in yields could increase AT&T's borrowing costs, impacting its financial performance due to its high debt load.

Portfolio Pulse from Henry Khederian

September 11, 2024 | 4:27 pm

ICLK

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a definitive agreement to sell its demand side marketing solutions business in mainland China to SiAct Inc. for RMB1 million. This move is part of iClick's strategy to scale down lower-margin, higher-risk businesses and focus on higher-margin services. The company will provide a RMB20 million loan to support the disposed business during the transition. iClick aims to enhance shareholder value by optimizing operations and exploring strategic growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:29 pm

AXP

American Express CFO Christophe Le Caillec reported stable consumer spending and strong credit performance in Q3 during a conference call.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:24 pm

KR

Kroger Co. (NYSE:KR) is set to release its Q2 earnings on Sept. 12, with expectations of 91 cents per share in earnings and $34.09 billion in revenue. Recent analyst ratings include Telsey Advisory Group's Outperform with a $62 target, Argus Research's Buy with a $72 target, and others. Kroger recently priced $10.5 billion in senior notes.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 7:23 am

HP

Helmerich & Payne has priced $1.25 billion in senior notes to support its acquisition of KCA Deutag International Limited. The proceeds will also be used to repay KCAD's debt and reduce commitments under an existing bridge loan facility.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:18 am

OKE

ONEOK has priced $7 billion in senior notes to finance acquisitions of interests in EnLink Midstream and Medallion Midstream, as well as to repay corporate debt. The net proceeds are expected to be approximately $6.92 billion.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:07 am