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SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have gained over 45% in the last three months, driven by recent legislative and judicial developments. The stock has seen increased volatility following the recent debt ceiling deal and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. Retail investors have shown interest in SOFI, and the stock is frequently listed in the top trending tickers on StockTwits and Twitter. SOFI also has considerable short interest with over 15% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 3:35 pm

BAC

Bank of America (BAC) has initiated discussions with the Federal Reserve to understand the discrepancies in comprehensive income over a 9-quarter stress period between the Fed's CCAR results and the company's Dodd-Frank Stress Test results.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 12:50 pm

CGC

STZ

Canopy Growth Corporation has completed all conversions pursuant to the $100 million senior unsecured convertible debentures, sold to an institutional investor in February 2023. The company has also completed several balance sheet actions to strengthen its financial position and improve profitability. These include equitization of CA$263 million of the 4.25% unsecured notes due in July 2023, paydown of $188 million of the senior secured term loan, refinancing of CA$100 million of the 4.25% unsecured notes held by Greenstar Canada Investment Limited Partnership, and generating CA$81 million in cash proceeds from the disposition of five facilities.

Portfolio Pulse from Vuk Zdinjak

July 03, 2023 | 11:43 am

JPM

MS

WFC

The Federal Reserve's annual bank stress test predicts that over $541 billion could exit the U.S. banking system in a severely adverse scenario. Despite this, all 23 of the largest U.S. banks tested would have sufficient capital to absorb these losses and continue lending. Banks including JPMorgan Chase & Co, Wells Fargo & Co, and Morgan Stanley are planning to raise their quarterly dividends after clearing the stress test.

Portfolio Pulse from Bibhu Pattnaik

July 02, 2023 | 7:17 pm

AAPL

AXP

GM

GS

Goldman Sachs is reportedly considering ending its partnership with Apple, including the Apple credit card and other joint ventures. The financial services company is in talks to transfer these operations to American Express. Goldman is also discussing transferring its card partnership with General Motors to Amex or another issuer. This move could mark the end of Goldman's consumer lending operation.

Portfolio Pulse from Shanthi Rexaline

July 01, 2023 | 6:13 pm

SCHW

Charles Schwab has announced that its calculated stress capital buffer remains 'well below' the 2.5% minimum.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:31 pm

AAPL

AXP

GS

Goldman Sachs is reportedly in discussions to transfer its Apple partnership to American Express. This includes the Apple Credit Card and Savings Account.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:15 pm

SPY

President Biden has announced that the Department of Education will not refer late payments to credit agencies for the next 12 months. This decision could potentially impact the credit scores of millions of Americans.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:12 pm

PNRG

PrimeEnergy Resources Corporation (NASDAQ:PNRG) has been added to the Russell 2000 Index, effective from June 26, 2023. The company has recently added the first production from 18 wells completed in 2023 and has 7 additional wells in various stages of completion activities with ConocoPhillips Corporation and Apache Corporation. PrimeEnergy has a revolving line of credit of $60 million, which is totally undrawn as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:02 pm

INTC

Intel Inc.'s (NASDAQ:INTC) shares rose by 0.65% in the past three months. The company's total debt stands at $50.27 billion, with net debt at $42.04 billion after adjusting for $8.23 billion in cash-equivalents. The debt ratio is 0.27, considering Intel's $185.30 billion in total assets. While debt can help a company attain growth, interest-payment obligations can impact the cash-flow.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:31 pm