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SPY

The US Producer Price Index (PPI) for September increased by 1.8% year-over-year, surpassing the estimated 1.6%. This indicates higher-than-expected inflation at the producer level.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:30 pm

JPM

JP Morgan's CFO announced an increase in stock buybacks in Q3, utilizing gains from a Visa transaction. The CEO stated that recent hurricanes are unlikely to significantly impact the economy. The CFO also mentioned that earnings align with a 'soft landing' narrative, with normal consumer spending and charge-off rates. The bank anticipates stable, modest economic growth, with a future trough in net interest income and a slight increase in net charge-off rates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:29 pm

JPM

JPMorgan Chase's CEO, Jamie Dimon, discussed the potential impact of geopolitics on the economy, while the CFO noted the strong position of US consumers. The bank has increased loan loss provisions in anticipation of normalizing credit quality and expanded lending. Despite a rise in mortgage applications and refinancing following a Fed rate cut, the bank sees limited opportunities for capital deployment.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:27 pm

BNY Mellon reported strong Q3 earnings with a 5% increase in fee income and a record $50 trillion in assets under custody. The company's adjusted EPS of $1.52 beat expectations, and shares are trading higher premarket.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 12:16 pm

23andMe has announced a 1-for-20 reverse stock split effective October 16. This corporate action is aimed at increasing the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:15 pm

IYG

JPM

XLF

JPMorgan Chase reported strong Q3 FY24 earnings with a 7% increase in revenue, driven by a 29% rise in investment banking revenue. The bank raised its FY24 net interest income outlook and announced a $6 billion share repurchase. Shares are up 1.39% premarket.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 12:14 pm

TSLA

Tesla's stock is experiencing a pullback due to investor disappointment following the 'We, Robot' event. The unveiling of the Cybercab, an autonomous vehicle, did not meet market expectations, and its production timeline is set for 2026 or later, causing concern among investors.

Portfolio Pulse from Shanthi Rexaline

October 11, 2024 | 12:10 pm

Nano Labs has regained compliance with Nasdaq's minimum market value of publicly held shares requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:08 pm

CDT

CTCX

KDLY

LSB

NIVF

ZJYL

In Friday's pre-market session, several healthcare stocks experienced significant movements. Notable gainers included NewGenIvf Group (NIVF) with a 71.8% increase, Conduit Pharmaceuticals (CDT) up by 40.77%, and Kindly MD (KDLY) rising by 17.76%. On the losing side, Carmell (CTCX) fell by 12.4%, Jin Medical International (ZJYL) decreased by 8.74%, and LakeShore Biopharma (LSB) dropped by 8.14%.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:07 pm

BSFC

BTTR

COOT

DDC

DSY

EAST

IBG

MGRX

OTLY

UPXI

VERU

WBUY

Several consumer staples stocks experienced significant price movements in Friday's pre-market session. Notable gainers include Better Choice Co, Veru, Upexi, Mangoceuticals, Oatly Group, and Webuy Global. On the losing side, DDC Enterprise, Australian Oilseeds Holdings, Innovation Beverage Group, Big Tree Cloud Holdings, Eastside Distilling, and Blue Star Foods saw declines.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:07 pm