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U.S. Treasury Secretary Yellen expressed concerns about global overdependence on China for a range of products, stating that China has agreed to extended discussions on the issue. She highlighted that the overcapacity problem developed over years and won't be solved quickly. Yellen also mentioned that all options are open regarding the U.S. response to this dependency.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:24 pm

WHR

Whirlpool is currently evaluating follow-on restructuring actions for the remainder of 2024, indicating potential changes in operations or strategy to improve efficiency or financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:11 pm

FUBO

Analyst evaluations of FuboTV (NYSE:FUBO) show mixed sentiments with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $3.75, reflecting a 9.65% increase from the previous target. Analyst actions include maintaining, lowering, and announcing ratings with price targets ranging from $2.00 to $5.00. FuboTV's financial performance indicates positive revenue growth but challenges in net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:00 pm

PFC

Recent analyst ratings for Premier Financial (NASDAQ:PFC) show a consensus of indifference with three neutral ratings in the last 30 days, a decrease in the average price target to $22.00 from $23.00, indicating a 4.35% decrease. The company's financial performance shows a revenue decline of -17.85%, but strong profitability with a net margin of 30.56%, impressive ROE of 2.03%, and ROA of 0.22%. Its debt-to-equity ratio of 0.37 suggests healthy debt management.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:00 pm

PTSI

P.A.M. Transportation Services announced a self-tender offer to purchase up to 550,000 shares, with the price range set between $15.50 and $18.00 per share, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:20 pm

NYCB

New York Community Bancorp's Board recommends shareholders to vote for several proposals, including a reverse stock split by a ratio of 1-3, increasing authorized shares, and approving executive compensation. Other proposals involve ratifying KPMG LLP as the independent auditor, amending the certificate of incorporation, waiving certain voting restrictions for affiliates of Liberty 77 Capital and Reverence Capital Partners, and approving a March 2024 capital raise in compliance with NYSE rules.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:19 pm

TMUS

T-Mobile has reaffirmed its plans to complete its remaining authorization for share repurchases and dividends by 2024. This move is part of the company's ongoing efforts to return value to shareholders and reflects confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:11 pm

INMB

INmune Bio Inc. has announced a registered direct offering of 986,000 shares, priced at $9.84 per share, along with accompanying warrants. The total offering amounts to approximately $9.7 million.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:01 pm

EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) shares rose in premarket trading after reporting Q1 FY24 results with adjusted revenue of $24.79 billion, surpassing consensus estimates. The company saw a 2% increase in equity liquids production and a 48% increase in renewable energy production. However, equity gas production slightly fell by 1%, and operating cash flow decreased by 39%. Adjusted EPS was $0.96, beating consensus estimates. Equinor declared a quarterly cash dividend of $0.35 and an extraordinary dividend of the same amount, with a share buyback program valued at up to $1.6 billion for 2024. The company reaffirmed its FY24 outlook, expecting stable production and $13 billion in organic capital expenditures. Equinor's focus on renewable energy growth and exploration success was also highlighted.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 12:49 pm

HAFC

Hanmi Financial has announced a new share repurchase authorization allowing the company to buy back up to 1.5 million shares. This move is part of Hanmi's strategy to enhance shareholder value and potentially improve earnings per share by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:36 pm