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TCBX

Third Coast Bancshares (NASDAQ:TCBX) exceeded analyst expectations for Q4 with EPS of $0.57, surpassing the estimate of $0.48 by 18.75%, and a 29.55% increase from the previous year. Sales reached $39.49M, beating estimates by 3.56% and showing a 16.47% increase year-over-year.

Portfolio Pulse from mahesh@benzinga.com

January 25, 2024 | 10:02 pm

RCFA

RCF Acquisition (RCFA) has received a non-compliance notice from the NYSE for not meeting continued listing standards. The company must address the deficiencies to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:01 pm

FXE

IEV

ECB President Christine Lagarde has dismissed the notion that Europe is entering a recession despite potential negative growth, contrasting with the robust U.S. economy. She stated that rate cuts are premature, focusing on the disinflation process. Markets are skeptical, pricing in significant rate cuts by December 2024. The euro fell against the dollar, and the Invesco CurrencyShares Euro Currency Trust (FXE) dropped slightly, while the iShares Europe ETF (IEV) rose marginally.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:58 pm

BY

Byline Bancorp (NYSE:BY) reported Q4 adjusted EPS of $0.73, surpassing the consensus estimate of $0.67 by 8.96%. Year-over-year, this marks an 8.96% increase in earnings per share. However, the company's quarterly sales of $100.79M fell short of the expected $101.40M by 0.60%, despite being a 14.46% increase from the previous year's same quarter.

Portfolio Pulse from totan@benzinga.com

January 25, 2024 | 9:58 pm

QQQ

SPY

The upcoming Personal Consumption Expenditure (PCE) price index report for December is a critical economic indicator that could influence the stock market's direction. Economists expect the headline PCE inflation rate to remain at 2.6% year-on-year and the core PCE to slightly decelerate to 3% from November's 3.2%. If the PCE report meets or falls below expectations, it could be positive for the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), suggesting a robust economy with controlled inflation. However, if the PCE indicates higher inflation, it could challenge the market's expectation of rate cuts and negatively impact these ETFs.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:55 pm

V

Visa Inc. (NYSE:V) reported Q1 earnings of $2.41 per share, beating estimates of $2.34, and revenue of $8.60 billion, exceeding expectations of $8.54 billion. Payments volume and cross-border volume grew by 8% and 16% respectively. Visa forecasts Q2 net revenue growth in the upper mid to high single-digit range and full-year growth in the low double-digit range. Despite positive results, Visa shares dropped 2.73% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 25, 2024 | 9:48 pm

EBTC

Enterprise Bancorp (NASDAQ:EBTC) reported a 36.63% decrease in Q4 earnings per share, with $0.64 reported for the quarter compared to $1.01 from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:46 pm

TELL

Tellurian Inc. shares have risen after reports that the company engaged Lazard to consider a potential sale.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:46 pm

PTCT

PTC Therapeutics' stock is trading lower due to the negative opinion from the CHMP of the EMA on the re-examination of Translarna's conditional marketing authorization.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:43 pm

V

Visa forecasts Q2 net revenue growth in the upper mid to high single-digits and anticipates low double-digit net revenue growth for FY24.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:41 pm