Streetbeat News

Earnings

JPM

JP Morgan's CFO announced an increase in stock buybacks in Q3, utilizing gains from a Visa transaction. The CEO stated that recent hurricanes are unlikely to significantly impact the economy. The CFO also mentioned that earnings align with a 'soft landing' narrative, with normal consumer spending and charge-off rates. The bank anticipates stable, modest economic growth, with a future trough in net interest income and a slight increase in net charge-off rates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:29 pm

BK

BNY Mellon reported strong Q3 earnings with a 5% increase in fee income and a record $50 trillion in assets under custody. The company's adjusted EPS of $1.52 beat expectations, and shares are trading higher premarket.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 12:16 pm

IYG

JPM

XLF

JPMorgan Chase reported strong Q3 FY24 earnings with a 7% increase in revenue, driven by a 29% rise in investment banking revenue. The bank raised its FY24 net interest income outlook and announced a $6 billion share repurchase. Shares are up 1.39% premarket.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 12:14 pm

AEHR

XTIA

ZENA

The article highlights the pre-market movements of various information technology stocks on Friday. ZenaTech (ZENA) saw a significant rise of 68.4%, while Aehr Test System (AEHR) increased by 12.21% following their Q1 earnings release. Other gainers include Cemtrex (CETX), DatChat (DATS), Peraso (PRSO), and OneConnect Financial Tech (OCFT). On the losing side, XTI Aerospace (XTIA) fell by 9.2%, with Infobird Co (IFBD), Mobix Labs (MOBX), Banzai International (BNZI), NiSun Intl Enterprise Dev (NISN), and MicroAlgo (MLGO) also experiencing declines.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:07 pm

BDMD

Baird Medical Investment Holdings Ltd. (NASDAQ:BDMD) reported a 13.8% increase in H1 2024 revenues to $13.1M and an 85.8% rise in net income to $4.4M. The company, a leading microwave ablation device provider, has expanded into the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:03 pm

BSVN

Bank7 (NASDAQ:BSVN) reported strong Q3 2024 earnings, with EPS of $1.24 beating estimates by 15.89% and sales of $24.89M surpassing expectations by 6.83%. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:02 pm

AX

Analysts have shared mixed views on Axos Financial (NYSE:AX) over the past three months, with a recent positive shift in price targets. The average 12-month price target has increased by 13.23% to $80.17. Analysts have adjusted their ratings and price targets, reflecting their response to Axos Financial's performance and market conditions. The company has shown strong financial performance with a 23.24% revenue growth rate, a net margin of 36.53%, and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:01 pm

MELI

Analysts have varied opinions on MercadoLibre (NASDAQ:MELI), with most being bullish or somewhat bullish. The average 12-month price target has increased by 10.91% to $2388.44. MercadoLibre shows strong financial performance with high revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:00 pm

FAST

Fastenal shares rose as the company reported better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:58 am

AOS

A.O. Smith's shares declined after the company reported preliminary Q3 results that fell short of expectations and reduced its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:57 am