Streetbeat News

Revenues

BAC

Bank of America projects its Q4 Net Interest Income (NII) to be approximately $14.5 billion.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:43 am

ANRO

Alto Neuroscience has completed enrollment for its ALTO-100 Phase 2b study, with 300 patients participating. The company is on track to report topline results in October 2024 and will host an investor day on September 9, 2024, focused on ALTO-100.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:36 am

STT

State Street (NYSE:STT) reported Q2 2024 GAAP EPS of $2.15, beating the estimate of $2.03. Total revenue was $3.191 billion, surpassing the $3.146 billion estimate. This represents a 2.60% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:34 am

MDWD

MediWound has been selected to receive €16.25 million in funding from the European Innovation Council Accelerator Program. This funding will support the development and commercialization of its innovative therapies.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:34 am

PM

Philip Morris International's U.S. affiliate is set to create 500 jobs by investing $600 million in a new manufacturing facility in Colorado.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:31 am

BTAI

BioXcel Therapeutics announced preliminary Q2 sales of Igalmi (Dexmedetomidine) sublingual film at approximately $1.1M, marking a 90% increase quarter-over-quarter and a 141% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:31 am

MS

Morgan Stanley (NYSE:MS) reported Q2 2024 adjusted EPS of $1.82, beating the estimate of $1.65. Sales were $15.00 billion, surpassing the $14.30 billion estimate and showing an 11.47% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:30 am

AMT

IYZ

VOX

VZ

Verizon Communications Inc (NYSE:VZ) is considering selling 5,000 to 6,000 mobile phone towers, potentially raising over $3 billion. This move follows a similar sale in 2015 to American Tower Corp (NYSE:AMT). The sale could attract infrastructure companies and strategic investors. Analysts view the U.S. telecom sector optimistically, with Verizon showing strong wireless operations. Investors can consider exposure through Vanguard Telecommunication Services ETF (NYSE:VOX) and iShares U.S. Telecommunications ETF (NYSE:IYZ).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 11:22 am

MTCH

Starboard Value has sent a letter to Match Group outlining initiatives aimed at improving growth, profitability, and capital allocation.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:13 am

MAIN

Main Street Capital Corporation (MAIN) has released preliminary estimates for Q2 2024, reporting net investment income (NII) of $1.00 to $1.02 per share and distributable net investment income (DNII) of $1.06 to $1.08 per share. The net asset value (NAV) per share is estimated to increase to $29.77 to $29.83, up from $29.54 as of March 31, 2024. The company also estimates a quarterly annualized return on equity of 15% to 17% for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:09 am