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JPM

JPMorgan Chase raises its 2023 net interest income (NII) guidance to $84 billion, up from $81 billion, reflecting optimism about the takeover of First Republic Bank. The acquisition includes $173 billion in loans, $30 billion in securities, and an assumption of $92 billion in deposits.

Portfolio Pulse from Lekha Gupta

May 22, 2023 | 4:11 pm

JPM

JPMorgan President Daniel Pinto announced that the bank expects its markets revenue to be down 15% in Q2 2023, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:10 pm

ADMP

BMY

GHI

On Monday, 85 stocks hit new 52-week lows, with Bristol-Myers Squibb being the biggest company on a market cap basis to set a new low. Adamis Pharmaceuticals was the biggest loser, trading down 6320.0%, while Greystone Housing Impact shares were the most resilient, rising 0.0%.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:08 pm

GME

Bill Pulte Jr tweeted that Computershare emailed him about issues processing his GameStop purchases, raising questions about a potential coincidence.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:07 pm

TSLA

Tesla shares are trading higher as the company signals its willingness to pursue traditional advertising. CEO Elon Musk expressed openness to the idea during the annual shareholder meeting, and Tesla Asia recently posted a two-minute video on Twitter in a traditional advertising format.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 4:07 pm

KIM

Analysts have provided various ratings for Kimco Realty (NYSE:KIM) within the last quarter, with an average 12-month price target of $22.33, a decrease of 6.96% from the previous average price target of $24.00.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:06 pm

CNMD

In the last quarter, Conmed (NYSE:CNMD) received 3 bullish, 3 somewhat bullish, and 1 indifferent analyst rating. The average price target is $129.57, representing an upside from the current price of $120.73. The average price target has increased by 12.08% over the past month.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:06 pm

MELI

A large bearish position on MercadoLibre (NASDAQ:MELI) has been spotted, with 61% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $1020 to $1860 for MercadoLibre over the last 3 months. The stock is currently up 3.5% at $1356.74, and RSI indicators suggest it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:05 pm

RVLV

In the last 3 months, 13 analysts have provided 12-month price targets for Revolve Group (NYSE:RVLV), with an average target of $24.15, down 14.03% from the previous average of $28.09.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:04 pm

KC

Kingsoft Cloud Holdings (NASDAQ:KC) is set to release its latest quarterly earnings report on Tuesday, 2023-05-23, with analysts estimating an EPS of $-0.23. The company's historical earnings performance shows mixed results, and its stock price has increased by 45.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:03 pm