Streetbeat News

Earnings

BAC

Bank Of America Corporation reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:21 pm

MS

Morgan Stanley's shares are trading higher following the release of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:10 pm

SCHW

Charles Schwab's shares are trading higher following the release of their Q2 financial results, which exceeded expectations. The company also issued guidance.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:10 pm

UNH

UnitedHealth Group Inc (NYSE:UNH) announced its Q2 earnings, which led to an increase in its share price. Bernstein analyst Lance Wilkes upgraded the rating on UnitedHealth from Market-Perform to Outperform and raised the price target from $595 to $603. Wilkes believes that the current valuation of the stock does not reflect the company’s long-term growth prospects.

Portfolio Pulse from Priya Nigam

July 18, 2023 | 3:09 pm

BAC

PACW

PacWest Bancorp's (PACW) shares are trading higher by 6.6% amid positive earnings results from several banks. The company is set to release its second-quarter earnings report on July 25, with an expected EPS of 19 cents on revenue of $75.88 million. Bank of America, a peer bank, reported a 19% YoY net income growth for Q2 FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:06 pm

SCHW

Charles Schwab CEO Walt Bettinger appeared on CNBC to discuss the company's earnings. No specific details about the earnings were provided in the news.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 3:05 pm

BAC

WAL

Shares of Western Alliance Bancorporation (NYSE:WAL) are trading higher by 6.9% amid earnings results from several banks. The company is set to release its second-quarter earnings report after the market close, with an expected EPS of $1.98 on revenue of $653.09 million. Meanwhile, Bank of America announced a 19% YoY net income growth for Q2 FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:05 pm

TSX:GCG

Guardian Capital Group (TSX:GCG) will distribute a dividend payout of $0.34 per share, translating to an annualized dividend yield of 3.09%. The company has shown a steady increase in dividend per share from 2020 to 2022, and an increase in earnings per share, indicating a strong financial position and ability to sustain dividend distributions.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm

INTU

SAP

Intuit (NASDAQ:INTU) is distributing a dividend payout of $0.78 per share, with an annualized dividend yield of 0.69%. The company has shown an upward trajectory in its dividend per share from $2.00 to $2.92 between 2019 and 2022, and an increase in earnings per share from $6.87 to $11.96 in the same period. Compared to its industry peers, Intuit's dividend yield falls in the middle range, with SAP (NYSE:SAP) having the highest annualized dividend yield at 1.51%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm

DOC

Physicians Realty Trust (NYSE:DOC) is set to distribute a dividend of $0.23 per share on July 18, 2023, with an annualized dividend yield of 6.39%. The company has maintained a steady dividend per share of $0.92 from 2019 to 2022, indicating its commitment to providing stability to shareholders. The company's earnings per share have also increased from $1.00 in 2019 to $1.06 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:05 pm