Streetbeat News

Earnings

AAL

DAL

JBLU

UAL

Delta Air Lines (NYSE:DAL) reported its highest ever quarterly earnings and raised its full year profit outlook due to strong international travel demand and lower fuel costs. Despite high inflation, consumers are prioritizing travel, maintaining the post-pandemic travel boom. Delta's total revenue per seat mile was up 1% YoY in Q2, with a 17% jump in capacity. United Airlines (NASDAQ:UAL) unveiled its first new seat in nearly a decade for premium passengers. American Airlines (NASDAQ:AAL) and JetBlue Airways (NASDAQ:JBLU) are also mentioned in the context of the industry trend.

Portfolio Pulse from Upwallstreet

July 14, 2023 | 2:18 pm

SCHW

A significant amount of bearish options activity has been detected for Charles Schwab (NYSE:SCHW), with 66% of investors opening trades with bearish expectations. The targeted price range for Charles Schwab over the last 3 months is $55.0 to $65.0. The current price of SCHW is $59.9, down -0.05%. RSI indicators suggest the stock may be overbought. Next earnings are expected in 4 days. Analysts' price targets range from $60 to $73.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:16 pm

AIMD

BTB

EDTX

JPM

LESL

PRFX

THRX

US stocks traded higher with the Dow Jones gaining over 150 points. JPMorgan Chase & Co. reported better-than-expected Q2 financial results with net revenue of $42.4 billion, up 34.1% YoY. PainReform Ltd., Ainos, Inc., and EdtechX Holdings Acquisition Corp. II saw significant stock price increases. Theseus Pharmaceuticals, Inc., Bit Brother Limited, and Leslie's, Inc. saw significant stock price decreases.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 2:12 pm

UNH

UnitedHealth Group Incorporated (NYSE:UNH) reported Q2 FY23 sales of $92.9 billion, up almost 16% Y/Y, beating the consensus of $91 billion. Adjusted EPS of $6.14 increased 14% Y/Y, surpassing the consensus of $6.01. Options markets are implying a move of +/-3.5% by the end of Friday. UBS maintained UnitedHealth Group with a Neutral and lowered the price target from $550 to $510, while Wells Fargo maintained the stock with an Overweight and cut the price target from $616 to $561.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 2:12 pm

BLK

ERIC

JPM

META

MSFT

NOK

NVO

UNH

WFC

Hollywood studios propose using AI replicas of actors. Meta Platforms' Threads app sees a decline in engagement. Citigroup, UnitedHealth, Wells Fargo, JPMorgan Chase, and BlackRock deliver strong Q2 earnings. Nokia and Ericsson shares drop after Q2 earnings. Roivant Sciences in talks with Roche for a potential $7B drug deal. WHO labels aspartame as a possible carcinogen. Microsoft and Activision Blizzard consider UK rights divestiture to appease regulators. Nissan plans to invest in Renault's EV unit. Novo Nordisk's weight-loss drug to be launched in Germany.

Portfolio Pulse from Vandana Singh

July 14, 2023 | 2:09 pm

HBCP

Home Bancorp (NASDAQ:HBCP) is set to release its latest quarterly earnings report on Monday, 2023-07-17. Analysts estimate an earnings per share (EPS) of $1.16. The company's past performance shows it beat EPS estimates last quarter, which led to a 3.16% increase in share price. However, the stock has been down 2.44% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:01 pm

GNTY

Guaranty Bancshares (NASDAQ:GNTY) is set to release its quarterly earnings report on Monday, 2023-07-17. Analysts estimate an EPS of $0.56. The company's past performance shows a trend of share price drops following earnings reports. The stock is currently trading at $27.0, down 25.35% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:01 pm

CFB

CrossFirst Bankshares (NASDAQ:CFB) is set to release its latest quarterly earnings report on July 17, 2023. Analysts estimate an earnings per share (EPS) of $0.34. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $10.86, down 17.96% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:00 pm

FBK

FB Financial (NYSE:FBK) is set to release its quarterly earnings report on Monday, 2023-07-17, with analysts estimating an earnings per share (EPS) of $0.65. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Over the last 52-week period, FB Financial's shares are down 25.86%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:00 pm

STT

State Street Corporation (NYSE:STT) reported Q2 revenues of $3.11 billion, up 5% Y/Y, missing the consensus estimate of $3.14 billion. EPS of $2.17 beat the consensus estimate of $2.10. Net interest income rose 18% Y/Y to $691 million. The company also announced plans to increase its common stock dividend by 10% and continue its common share repurchase authorization of up to $4.5 billion during 2023. STT shares are trading lower by 3.90% at $74.44.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 1:52 pm