Streetbeat News

Credit

ETCMY

Eutelsat is facing significant challenges, with a disappointing quarter suggesting potential further declines. The company is also dealing with funding risks.

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November 08, 2024 | 9:00 pm

STNE

StoneCo is set to report its Q3 earnings, with expectations of benefits from strong TPV growth and an expanding credit portfolio.

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November 08, 2024 | 8:30 pm

EXETF

Extendicare Inc. has secured a new $275 million senior secured credit facility with Canadian banks, replacing its former credit facilities. The facility includes a $145 million revolving credit for general purposes and a $130 million delayed draw term loan to repay existing debentures.

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November 08, 2024 | 7:30 pm

PDLB

Ponce Financial Group, Inc. reported strong interest income growth in Q3 '24, but faced declining profitability due to credit losses. The company's balance sheet is stable, but it underperforms in return on assets and equity compared to peers. Potential interest rate cuts under Donald Trump's administration could boost loan demand.

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November 08, 2024 | 7:15 pm

BCS

Barclays' Chief US Economist, Marc Giannoni, predicts a 25 basis points cut by the FOMC in December, with two additional cuts expected in 2025.

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November 08, 2024 | 5:30 pm

VCIT

Corporations increased bond issuance in Q3, anticipating further interest rate cuts by the Federal Reserve. Fixed income investors can explore options like Vanguard's offerings to gain corporate bond exposure.

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November 08, 2024 | 5:30 pm

APPS

Digital Turbine faces significant financial challenges, including declining revenues, negative margins, and shareholder dilution. The company's high debt and negative cash flow contribute to a weak balance sheet, making a turnaround unlikely in the near term. Despite a low price-to-sales multiple, these risks do not support a higher valuation.

Portfolio Pulse from

November 08, 2024 | 3:15 pm

UPST

Upstart's stock is experiencing a significant increase as analysts highlight the company's improved trajectory. The AI lender is benefiting from a favorable interest-rate environment, strategic funding partnerships, and strong credit trends.

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November 08, 2024 | 2:15 pm

HTGC

IRON

Disc Medicine, Inc. has secured a $200 million non-dilutive debt financing from Hercules Capital, Inc. to support its clinical studies in hematologic diseases.

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November 08, 2024 | 1:45 pm

TIPT

Fortegra Group, a subsidiary of Tiptree Inc., has successfully issued $150 million in junior subordinated notes to support its growth. The notes have a fixed rate of 9.25% and are due in 2064.

Portfolio Pulse from

November 08, 2024 | 1:15 pm