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BTCUSD

Technical analyst DonAlt predicts Bitcoin (BTC) is one resistance level away from a rally to $60,000, citing the $44,000-$45,000 range as the key hurdle. On-chain volume for Bitcoin reached its highest level since September 2022, indicating increased interest. Bitcoin is currently facing resistance at $44,000. The upcoming Bitcoin halving and recent inflows into digital asset investment products, predominantly in Bitcoin, support a bullish outlook.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 3:08 pm

SAN

Banco Santander shares are trading lower after a report indicated that Iran utilized Santander UK and Lloyds to secretly transfer funds, evading sanctions.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:07 pm

SPY

Fed's Goolsbee appeared live on Bloomberg TV, stating that the economy has been strong and inflation is under control. This statement could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:06 pm

AMGN

Amgen Inc (NASDAQ:AMGN) has published promising early-stage data on its experimental obesity drug, AMG 133 (maridebart cafraglutide), in Nature Metabolism. The drug demonstrated significant weight loss and an acceptable safety profile in animal and early human trials. A Phase 2 study has completed enrollment, with results expected in late 2024. AMGN shares rose 1.26% to $327.28.

Portfolio Pulse from Vandana Singh

February 05, 2024 | 3:05 pm

HSBC

PNC

PNC Financial Services Group (NYSE:PNC) announced a dividend payout of $1.55 per share with an annualized yield of 4.09%, payable on February 5, 2024, to shareholders of record as of January 16, 2024. The company has shown a positive trend in dividend per share from $4.60 in 2020 to $6.10 in 2023 and an increase in earnings per share from $6.41 to $14.43 over the same period. This indicates a strong financial position and the potential for future dividend increases. HSBC Holdings (NYSE:HSBC) has the highest annualized dividend yield among its peers at 6.73%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:05 pm

LKFN

NWBI

Lakeland Financial (NASDAQ:LKFN) announced a dividend payout of $0.48 per share with an annualized yield of 3.02%, payable on February 5, 2024, to shareholders of record as of January 24, 2024. The company has shown a positive trend in dividend growth from $1.20 in 2020 to $1.84 in 2023, alongside an increase in earnings per share from $3.19 to $3.50 over the same period. This indicates a healthy financial status and a commitment to increasing shareholder dividends. Northwest Bancshares (NASDAQ:NWBI) is mentioned as having the highest annualized dividend yield among peers at 6.65%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:05 pm

BRBS

GLBZ

Glen Burnie Bancorp (NASDAQ:GLBZ) maintains a consistent dividend payout of $0.10 per share, resulting in a 6.34% annualized yield. The company has shown steady dividend payments and an upward trend in earnings from 2020 to 2023, indicating a strong financial health. Blue Ridge Bankshares (NYSE:BRBS) has the highest annualized dividend yield among peers at 17.63%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:05 pm

EGBN

OSBC

Old Second Bancorp (NASDAQ:OSBC) announced a dividend payout of $0.05 per share with an annualized yield of 1.33%, payable on February 5, 2024, to shareholders of record as of January 25, 2024. The company has shown a positive trend in dividend growth from 2020 to 2023 and an increase in earnings per share from $1.16 to $2.16 over the same period. However, it lags behind its industry peers in dividend yield, notably Eagle Bancorp (NASDAQ:EGBN), which boasts a higher yield of 7.37%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:05 pm

TIAUSD

Cryptocurrency Celestia (TIA) has seen a 3.27% increase in its price over the last 24 hours, reaching $17.87. This is part of a positive trend over the past week, with a 1.0% gain from $17.68. The coin's all-time high is $20.16. Trading volume has decreased by 14% over the past week, while the circulating supply has increased by 1.48% to over 162.30 million. Celestia's market cap ranking is now #34, at $2.91 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:02 pm

OPUSD

Cryptocurrency Optimism (OP) experienced a 3.56% price increase over the past 24 hours, reaching $3.09. This marks a continuation of its positive trend, with a 1.0% gain over the past week from $3.08. The coin's all-time high is $4.23. Optimism's trading volume has risen by 3.0% over the past week, with its circulating supply increasing by 1.41% to 957.38 million, approximately 22.29% of its max supply of 4.29 billion. Currently, OP's market cap ranks #31 at $2.97 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:02 pm