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PCSA

Processa Pharmaceuticals' stock is trading lower following the announcement of a $7 million public offering pricing.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:46 pm

BAC

C

GS

JPM

MS

WFC

Goldman Sachs (GS) and Morgan Stanley (MS) reported their Q4 earnings, with GS beating estimates and MS showing mixed results. GS ended its streak of declines with strong asset and wealth management performance, while MS's earnings were affected by one-time fees. Both banks, along with JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C), faced one-time charges, impacting their annual figures. Despite a challenging 2023, there is cautious optimism for 2024, with banks like Citi expressing confidence in a turnaround.

Portfolio Pulse from Upwallstreet

January 26, 2024 | 3:44 pm

COIN

Oppenheimer upgraded Coinbase Global (NASDAQ:COIN) to an Outperform rating with a price target of $160. The upgrade is based on the expectation that Coinbase will have a favorable outcome in its legal battle with the SEC, citing recent legal precedents and the SEC's regulatory scope. The introduction of a spot Bitcoin ETF is seen as less competitive due to Coinbase's diverse offerings. Positive earnings per share are expected for Q4 2023 or early 2024, supported by increased trading volume. The report highlights potential catalysts for growth, including market share gains, premium pricing, new crypto ETF products, international expansion, and a strong financial base.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 3:44 pm

BTSG

BrightSpring Health Services shares are indicating a price of $12.25 with a volume of 1.3 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:42 pm

AVBP

ArriVent BioPharma shares are indicating a price of $20 on a volume of 82,000 shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:42 pm

HAO

Haoxi Health Technology shares are indicating a price of $4.50 based on the trading volume of 93,000 shares.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:41 pm

PRCH

Porch Group (PRCH) shares have risen following the announcement of a strategic business collaboration agreement with Aon. The deal includes an upfront payment of approximately $25 million to Porch Group.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:40 pm

MMC

RBC Capital analyst Scott Heleniak has maintained a 'Sector Perform' rating on Marsh & McLennan (NYSE:MMC) and increased the price target from $200 to $208. This adjustment reflects a positive view on the company's stock, suggesting a potential upside from the previous target.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:38 pm

NVVE

Nuvve Corporation's stock is trading lower following the announcement of a public offering involving 2.3 million shares of common stock and various series of warrants. This move typically dilutes existing shareholders and can put downward pressure on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:36 pm

HAO

Trading for an IPO security was halted and then resumed for quotation at 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:35 pm