Streetbeat News

Earnings

EQBK

Equity Bancshares reported Q2 earnings of $0.74 per share, a 21.28% decrease from the same period last year. The company's quarterly sales were $46.38 million, missing the analyst consensus estimate of $48.28 million by 3.94%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:50 pm

BAC

Bank of America Corp (BAC) reported better-than-expected Q2 results with an 11% YoY increase in revenue to $25.33 billion and earnings of 88 cents per share. CEO Brian Moynihan stated that the bank's deposits remain stable and the consumer remains healthy. The bank saw an 8% increase in client balances in its global wealth and investment management business, and a 23% YoY increase in global transaction services revenue. However, average deposit balances declined 1% sequentially and 7% YoY to $1.9 trillion.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 8:49 pm

CVNA

Carvana Co (NASDAQ:CVNA) shares are trading lower after the company moved its earnings report date to this week. The stock has rallied nearly 70% over the last month and more than 730% since the start of the year, largely due to better-than-expected financial results and a positive EBITDA guidance for Q2. However, the abrupt change in earnings report date seems to have negatively impacted the stock.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 8:48 pm

OMC

Omnicom Group reported its Q2 earnings with an adjusted EPS of $1.81, beating the estimate of $1.80. However, the sales of $3.61B fell short of the estimated $3.67B.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:47 pm

FULT

Fulton Financial reported Q2 earnings of $0.46 per share, beating the analyst consensus estimate of $0.43 by 6.98%. This is a 9.52% increase from the same period last year. The company also reported quarterly sales of $217.26 million, beating the analyst consensus estimate of $216.78 million by 0.22%. This is a 19.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:44 pm

UCBI

United Community Banks (NASDAQ:UCBI) reported Q2 earnings of $0.53 per share, missing the analyst consensus estimate of $0.62 by 14.52%. This is a 19.7% decrease from the same period last year. The company also reported quarterly sales of $213.92 million, missing the analyst consensus estimate of $242.13 million by 11.65%. However, this is a 0.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:33 pm

WAL

Western Alliance Bancorporation (WAL) has reported its Q2 net revenue of $669.3 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:33 pm

WAL

Western Alliance (NYSE:WAL) reported Q2 earnings of $1.96 per share, missing the analyst consensus estimate of $1.98 by 1.01 percent. This represents a 17.99 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:32 pm

BFC

Bank First (NASDAQ:BFC) reported Q2 earnings of $1.37 per share, missing the analyst consensus estimate of $1.40 by 2.14 percent. This represents a 11.61 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:19 pm

AMRN

Amarin Corporation has announced preliminary Q2 product revenue of $65 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:19 pm