Streetbeat News

Regulatory

GS

Goldman Sachs Group (NYSE:GS) reported Q3 EPS of $5.47, down from $8.25 a year ago, beating the consensus of $5.31. BMO Capital Markets analyst James Fotheringham reiterated an Outperform rating on GS, with a price target of $421. However, due to higher compensation and credit costs, the analyst lowered out-year estimates by -2%. Regulatory uncertainty related to Basel 3 End-game proposals also dampens GS's outlook for 4Q23 share repurchases. GS shares are trading lower by 2.08% to $302.91.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 6:43 pm

AGR

Avangrid's subsidiary, Central Maine Power (CMP), has won a $30 million federal grant for smart grid technology. The grant, established by the Bipartisan Infrastructure Law, will enhance grid flexibility and improve the resilience of Maine's power grid against extreme weather threats.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:32 pm

SPY

USO

The Department of Justice (DOJ) has issued an advisory on Iran's ballistic missile procurement activities. The advisory does not directly mention any US-listed companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:26 pm

NVVE

SFT

TGL

The article lists the stocks that have gained and lost the most in Wednesday's mid-day session. Notable gainers include Shift Technologies, Treasure Global, and SeaStar Medical Holding, while significant losers include Nuvve Holding, NuZee, and Color Star Technology. Factors influencing these changes range from bankruptcy filings and FDA approvals to public offerings and earnings reports.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 6:15 pm

SPY

USO

A senior State Department official has expressed optimism that the current engagement with Venezuela will lead to the release of political prisoners and wrongfully detained Americans in the near term.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:07 pm

SPY

USO

The U.S. is issuing licenses to broadly ease sanctions on Venezuela's oil and gas sector, including its business with Caribbean nations, according to a senior State Department official.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:06 pm

BTCUSD

COIN

An erroneous tweet claiming the SEC's approval of BlackRock's spot Bitcoin ETF application led to a surge in Coinbase and Bitcoin prices. However, BlackRock refuted the rumors, causing a significant portion of the initial gains to be erased. The impact of successful ETF launches on Coinbase's profitability remains uncertain, as the shift of traders from holding spot Bitcoin to choosing ETFs could offset any gains.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 6:06 pm

SPY

USO

The U.S. State Department has announced that it is prepared to reverse the easing of sanctions on Venezuela if the country fails to take steps including lifting bans on opposition presidential candidates and the release of political prisoners.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:05 pm

SPY

USO

The U.S. plans to provide some oil-related sanctions relief for Venezuela in response to Tuesday's election deal between the Venezuelan government and opposition, according to a senior State Department official.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:05 pm

SPY

The Federal Reserve's Beige Book reports that several districts have seen a decrease in the number of firms expecting significant price increases in the future.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:04 pm