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HCTI

Healthcare Triangle (HCTI) received a notice of default from Seacoast Business Funding regarding a deal dated May 2, 2022. As of June 29, Seacoast has not taken any action. HCTI is attempting to resolve the matter.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:13 pm

IDXX

IDEXX Laboratories Inc. (NASDAQ:IDXX) has a total debt of $1.20 billion, adjusted for $111.37 million in cash-equivalents, the company's net debt is at $1.09 billion. The company's debt ratio is 0.43, considering its total assets of $2.81 billion. A debt ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can imply that the company might be at risk for default, if interest rates were to increase.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:02 pm

SCHW

Shares of Charles Schwab Corporation (SCHW) are trading higher by 2.53% following the Federal Reserve's stress test results. All 23 banks tested, including SCHW, remained above their minimum capital requirements during a hypothetical recession. The stress test projected losses of $541 billion in a hypothetical scenario, with over $100 billion from real estate and $120 billion from credit cards.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 7:28 pm

HON

Honeywell Intl Inc. (NASDAQ:HON) has seen its shares rise by 7.70% over the past three months. The company's total debt stands at $19.16 billion, with $14.67 billion in long-term debt and $4.49 billion in current debt. After adjusting for $6.87 billion in cash-equivalents, the net debt is $12.29 billion. The company's debt-ratio is 0.32, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:17 pm

GILD

Gilead Sciences Inc. (NASDAQ:GILD) has seen its shares decrease by 7.28% over the past three months. The company's total debt stands at $25.24 billion, with long-term debt at $22.96 billion and current debt at $2.28 billion. After adjusting for $4.94 billion in cash-equivalents, the net debt is $20.30 billion. The debt-ratio, a measure of financial leverage, is 0.41, indicating that a significant portion of the company's assets are funded by debt.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:02 pm

BAC

CFG

DB

GS

MS

NTRS

XLF

The Federal Reserve's 2023 stress tests showed that all 23 large U.S. banks have sufficient capital to absorb hypothetical losses of $540 billion in a severely adverse scenario. However, concerns remain over the vulnerability of certain banks to a collapse in the commercial real estate (CRE) market and unrealized fixed income losses. Goldman Sachs, Morgan Stanley, Citizens Financial Group, Northern Trust, and Deutsche Bank are among the most vulnerable to a CRE collapse. Bank of America is facing significant paper losses due to its decision to invest pandemic-era deposit inflows into debt markets.

Portfolio Pulse from Piero Cingari

June 29, 2023 | 3:38 pm

WAL

Shares of Western Alliance Bancorporation (NYSE:WAL) are trading higher by 2.20% following the Fed's stress test results. All 23 banks tested remained above their minimum capital requirements during a hypothetical recession. However, they incurred projected losses amounting to $541 billion in a hypothetical scenario. WAL has a 52-week high of $86.87 and a 52-week low of $7.46.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 3:08 pm

EYPT

EyePoint Pharmaceuticals' President & COO, Dr. Jay Duker, announced that the sale of the company's YUTIQ franchise has allowed the company to pay off all its debt and add over $40M in cash to its balance sheet. The company's cash runway has been extended to 2025 and it is now debt-free.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:07 pm

CFG

Shares of Citizens Financial Group Inc (CFG) are trading higher by 2.10% following the Federal Reserve's stress test results. All 23 banks tested, including CFG, remained above their minimum capital requirements during a hypothetical recession. However, in a hypothetical scenario, they incurred projected losses amounting to $541 billion. CFG has a 52-week high of $44.82 and a 52-week low of $23.37.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 2:29 pm

CMA

Shares of Comerica Incorporated (NYSE:CMA) are trading higher by 2.94% following the Federal Reserve's stress test results. All 23 banks tested, including Comerica, remained above their minimum capital requirements during a hypothetical recession. The stress test projected losses of $541 billion in a hypothetical scenario, with over $100 billion from real estate and residential mortgages, and $120 billion from credit cards.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 2:29 pm