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SPY

The U.S. Treasury yield curve has inverted further, with the yield on the two-year note exceeding the yield on the 10-year note by a full percentage point. This is the biggest level of inversion since March 9. The New York Federal Reserve’s recession probability model now predicts a 71% chance of a recession occurring during the next 12 months. Despite these warnings, the stock market remains strong with the Nasdaq 100 index and the S&P 500 entering a bull market.

Portfolio Pulse from Piero Cingari

June 28, 2023 | 9:10 pm

KRE

SPY

XLF

The Federal Reserve has reported that banks have shown over $100 billion in losses from commercial real estate and residential mortgages, and $120 billion in credit card losses. These figures are an increase from those reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:33 pm

KRE

SPY

XLF

The Federal Reserve has reported that banks showed $64.9 billion in projected losses from commercial real estate, marking an 8.8% decline of average balances. This is a decrease from the losses reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:32 pm

GS

SPY

The Federal Reserve has indicated that Goldman Sachs Group has the highest projected commercial real estate loan loss rate of 16% of average loan balances.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:32 pm

GEHC

GE HealthCare Techs Inc. (NASDAQ:GEHC) has seen its shares drop by 5.65% over the past three months. The company's total debt stands at $10.24 billion, with $10.23 billion in long-term debt and $5.00 million in current debt. After adjusting for $2.33 billion in cash-equivalents, the net debt is $7.91 billion. The debt-ratio, a measure of financial leverage, is 0.31, indicating that a significant portion of the company's assets are funded by debt.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 8:31 pm

SPY

The Federal Reserve's 2023 stress test indicates that large banks are well equipped to continue lending during a severe recession. The test also showed that large bank trading books were resilient to a rising interest rate environment.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:31 pm

SPY

The Federal Reserve's stress test revealed that 23 banks could face projected losses of $541 billion but still maintain capital ratios above the required levels. The banks' capital declined by 2.3 percentage points to 10.1%, a smaller decline than in the 2022 test.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:31 pm

BAC

GS

JLL

MS

JLL's Capital Markets group has arranged a $425 million refinancing for Miracle Mile Shops, a 503,484-square-foot entertainment and retail destination located at the center of the Las Vegas Strip. The borrowers are IMI Miracle Mall LLC and IMI Miracle Harmon LLC, indirect subsidiaries of Institutional Mall Investors LLC, a co-investment venture between an affiliate of Miller Capital Advisory, Inc. and California Public Employees' Retirement System. Goldman Sachs served as lead lender, with Bank of America and Morgan Stanley Bank also serving as lenders.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 8:05 pm

SPY

The U.S. Congressional Budget Office (CBO) has projected that the U.S. public debt will rise to 181% of GDP in 2053, up from 98% in 2023. This is a slightly lower long-term debt-to-GDP ratio than was projected in February 2023 and July 2022, due to spending caps enacted in the debt ceiling deal.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 6:01 pm

FAST

Fastenal Inc.'s (NASDAQ:FAST) shares have risen by 8.21% over the past three months. The company's total debt stands at $400 million, with $200 million in long-term debt and $200 million in current debt. After adjusting for $239.80 million in cash-equivalents, the net debt is $160.20 million. Fastenal's total assets amount to $4.58 billion, resulting in a debt-ratio of 0.09. Debt is a crucial factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:16 pm