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BAC

Traders are reportedly adding to their positions in Bank of America (BAC) following the bank stress test, according to an alert from TheStreet.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:39 pm

DSX

Diana Shipping has signed and drawn down a $100M term loan facility with DNB Bank ASA and a $22.5M term loan facility with Nordea Bank. These loans will be used to refinance existing loan facilities.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 1:32 pm

PCG

PG&E has applied for a $7 billion federal government loan to fund investments in its electric grid, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 29, 2023 | 10:58 am

BAC

C

GS

JPM

All 23 banks passed the Federal Reserve's annual stress test, reaffirming the stability of the U.S. banking system. The test involved a hypothetical recession and financial market shock scenario. Despite a projected $541 billion loss, all banks remained above their minimum capital requirements. The test included major banks like JPMorgan Chase & Co, Bank of America Corp, Goldman Sachs Group Inc, and Citigroup Inc.

Portfolio Pulse from AJ Fabino

June 28, 2023 | 9:13 pm

QQQ

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