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PLBC

Raymond James analyst David Feaster has maintained an Outperform rating on Plumas Bancorp (NASDAQ:PLBC) and increased the price target from $38 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:30 am

FITB

Fifth Third Bancorp (NASDAQ:FITB) is set to release Q4 earnings on Jan. 19, 2023, with expected earnings of 85 cents per share, down from $1.00 year-over-year, and projected revenue of $2.16 billion, down from $2.32 billion. The company has seen recent executive appointments and a 1.6% share price drop to $33.24. Analysts have provided mixed ratings and price targets, with the most recent being a downgrade to Market Perform with a $37 target by Keefe, Bruyette & Woods.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 9:14 am

Citigroup (NYSE:C) is undergoing a leadership overhaul and reorganization, with CEO Jane Fraser discussing the changes with managing directors. The bank is eliminating leadership roles in markets, risk, and investment banking, with some positions ending from Feb. 1. Citigroup plans to cut 20,000 jobs over the next two years after a $1.8 billion loss in Q4. The layoffs represent about 8% of its workforce and aim to streamline the bank and improve returns and share price. Meanwhile, Goldman Sachs (NYSE:GS) is hiring new talent for its asset and wealth management divisions, which saw a 23% revenue increase in Q4.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 9:03 am

AMST

COUR

GOOG

GOOGL

Coursera Inc (NYSE:COUR) has seen a surge in AI course enrollments, with a new user joining every minute, driven by the popularity of generative AI like ChatGPT. The company offers over 800 AI courses and has integrated a ChatGPT-like AI assistant, 'Coach', for personalized tutoring. Coursera's growth reflects a broader trend of individuals upskilling in AI to remain competitive in the job market. Companies like Amesite Inc. (NASDAQ:AMST) and Alphabet Inc's Google (NASDAQ:GOOG) (NASDAQ:GOOGL) are also incorporating generative AI into their offerings.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 8:45 am

BTCUSD

ETHUSD

LUNR

LunarCrush's social token LUNR surged 44% following an announcement of a new feature for content creators, outperforming major cryptocurrencies like Bitcoin and Ethereum. The token's volume increased significantly, with $32K traded on ALEXLabBTC, a Bitcoin DeFi platform. The trading volume for LUNR is up 119.08% in the last 24 hours, and there is speculation about upcoming listings on cryptocurrency exchanges. Meanwhile, Bitcoin's price has decreased from $49,000 to around $41,200 over the last 9 days.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 8:24 am

ASTS

GOOG

GOOGL

PPG

SLB

STT

TRV

Investors are watching several stocks as U.S. futures trade mixed. Travelers Companies (TRV) is expected to report earnings of $5.07/share on $9.99 billion revenue. PPG Industries (PPG) reported better-than-expected Q4 earnings and provided EPS guidance for Q1 and FY24. Schlumberger (SLB) is anticipated to post earnings of 84 cents/share on $8.96 billion revenue. AST SpaceMobile (ASTS) announced a $100 million stock offering and strategic investment from AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone, causing its shares to dip. State Street (STT) is expected to report earnings of $1.83/share on $2.95 billion revenue.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 7:51 am

HBAN

Huntington Bancshares Incorporated (NASDAQ:HBAN) is anticipated to report lower Q4 earnings with an expected EPS of 27 cents, down from 42 cents in the previous year. Revenue is also projected to decrease to $1.77 billion from $1.97 billion. The company announced the retirement of its Chief Technology and Operations Officer, Paul Heller. Analysts from Raymond James, RBC Capital, Morgan Stanley, JP Morgan, and Citigroup have provided various ratings and price targets for HBAN stock.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 7:12 am

EWU

U.K. retail sales for December 2022 saw a significant decline of 2.4%, which was below the estimated 1.1% increase. This figure also represents a downturn from the prior month's revised 0.2% growth.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:11 am

JVSAU

JVSPAC Acquisition Corp., a blank check company, has priced its IPO at $10 per unit, offering 5 million units. Each unit includes one Class A ordinary share and one right, with each right converting to one-fourth of a Class A share upon a business combination.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:03 am

BOWN

Bowen Acquisition has entered into a merger agreement with Shenzhen Qianzhi Biotech Company. The agreement involves Bowen Acquisition's subsidiary, Bowen Merger Sub, merging with Qianzhi Group Holding, the parent of Qianzhi BioTech. The resulting entity will be a wholly-owned subsidiary of Bowen Acquisition. NewCo Shareholders will receive over 7.2 million ordinary shares of BOWN and up to an additional 1.4 million shares upon meeting certain earnout targets.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:43 am