Streetbeat News

Earnings

BLK

BlackRock Inc (NYSE:BLK) reported Q3 FY23 revenue growth of 4.9% Y/Y to $4.52 billion, slightly missing the consensus of $4.54 billion. The growth was driven by organic growth, market movements impact on average AUM, and higher technology services revenue. The company's adjusted EPS increased 14% Y/Y to $10.91, beating the consensus of $8.26. Total AUM stood at $9.10 trillion as of September 30, 2023. However, BLK shares are trading lower by 2.54% at $620.00 premarket.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 12:05 pm

SGH

SMART Global Holdings (SGH) reported worse-than-expected Q4 financial results and issued Q1 EPS and revenue guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:05 pm

OM

Outset Medical's shares are trading lower following the release of its preliminary Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:05 pm

GOOG

GOOGL

Ahead of Alphabet Inc.'s Q3 results release on Oct. 24, KeyBanc Capital Markets analyst Justin Patterson has raised his price target for the company's stock from $145 to $155. Patterson predicts a Q3 beat for Alphabet, with healthy Search trends and strong retail and travel verticals. He also forecasts a 13% YoY overall revenue growth for Q4, driven by Search strength and improving YouTube performance.

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 12:04 pm

C

Citigroup reported Q3 earnings of $1.63 per share, up 8.67% YoY, and sales of $20.14 billion, beating the estimate of $19.32 billion by 4.24%. This is an 8.81% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:02 pm

C

Citigroup reported Q3 sales of $20.14 billion, beating the analyst consensus estimate of $19.32 billion by 4.24 percent. This represents an 8.81 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:01 pm

BLK

BlackRock has reported its Q3 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 11:59 am

WFC

Wells Fargo's shares are trading higher after the company reported its Q3 earnings.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 11:44 am

WFC

Wells Fargo's CFO has announced that the bank's net interest income is expected to rise by 16% for the full year, an increase from the previously forecasted 14%.

Portfolio Pulse from Charles Gross

October 13, 2023 | 11:41 am

CME

WNEB

CME Group Inc. and Western New England Bancorp, Inc. are considered overbought stocks in the financial sector, with RSI values of 70.76 and 77.46 respectively. CME Group reported better-than-expected Q2 results, while Western New England posted weaker-than-expected Q2 earnings.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 11:41 am