Streetbeat News

Dividends

IAT

PNC

RDIV

PNC Financial Services Group, Inc. (NYSE:PNC) reported Q2 FY24 results with an EPS beat and a slight revenue miss. Net interest income fell 6% Y/Y, while noninterest income grew 18% Y/Y. The company expects a 4% decline in net interest income for FY24. PNC shares are trading higher premarket.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 12:33 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported better-than-expected second-quarter earnings, with adjusted EPS beating consensus estimates. Despite missing revenue expectations, the company saw significant organic growth driven by private markets and ETFs. Analysts have raised their price targets for BLK following the earnings report.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 12:31 pm

EBS

JNJ

Johnson & Johnson (NYSE:JNJ) is set to release its Q2 earnings on July 17, with analysts expecting an EPS of $2.70 and revenue of $22.29 billion. The company offers a 3.32% annual dividend yield. Emergent BioSolutions (NYSE:EBS) has settled a dispute with J&J's Janssen Pharmaceuticals regarding COVID-19 vaccine manufacturing.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 12:06 pm

BAC

Bank of America Corp (NYSE:BAC) reported strong Q2 earnings, beating analyst estimates with a net income of $6.9 billion and EPS of $0.83. Revenue increased to $25.54 billion, and the bank announced plans for an 8% dividend increase. The stock is trading higher by 2.41% premarket.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 11:43 am

MS

Morgan Stanley has announced an increase in its quarterly dividend from $0.85 to $0.925 per share.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:31 am

KMT

PAYX

SWK

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yielding industrial stocks: Paychex, Inc. (PAYX), Kennametal Inc. (KMT), and Stanley Black & Decker, Inc. (SWK). Analysts have generally maintained neutral or equal-weight ratings while slightly lowering price targets for these stocks.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 11:27 am

BAC

Bank of America announced plans to increase its quarterly common stock dividend by 8% to $0.26 per share, pending board approval.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:53 am

MBWM

Mercantile Bank Corporation (NASDAQ:MBWM) announced an increase in its Q3 regular cash dividend to $0.36 per share, representing a 3% increase QoQ and a 6% increase YoY. The dividend will be payable on September 18, 2024, to shareholders of record as of September 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:02 am

CVS

MDT

PFE

Wall Street's most accurate analysts recommend buying three high-yielding health care stocks: Pfizer Inc. (PFE), CVS Health Corporation (CVS), and Medtronic plc (MDT). These stocks offer dividend yields over 3% and have received positive ratings from top analysts.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 6:08 pm

DUK

Duke Energy (NYSE: DUK) has announced an increase in its quarterly dividend payment from $1.025 to $1.045 per share, payable on September 16, 2024. The company also declared dividends on its Series A and Series B preferred stocks.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:03 pm