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SYF

Synchrony Financial reported an increase in Q4 loan receivables by 11% YoY to $103B, with purchase volume up 3% and average active accounts up 5%. Deposits grew by 13% YoY to $81.2B. However, new accounts fell by 3%, net interest margin decreased by 48 basis points, and both return on assets and equity saw declines.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:09 am

PEBO

Peoples Bancorp (NASDAQ:PEBO) reported Q4 adjusted earnings of $1.04 per share, surpassing the consensus estimate of $0.96, and adjusted sales of $115.13M, also beating the estimate of $114.16M. These figures represent a 9.47% increase in earnings and a 27.17% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:07 am

BANF

FBK

MLI

WMPN

Insiders at FB Financial, Mueller Industries, BancFirst, and William Penn Bancorporation have recently made notable stock purchases. FB Financial's 10% owner bought shares at $35.50 each after a downgrade by Hovde Group. Mueller Industries' director acquired shares at $28.68 each following a downgrade by Northcoast Research. BancFirst's EVP purchased shares at $92.60 each after the company posted upbeat quarterly earnings. William Penn Bancorporation's director bought shares at $12.35 each, with Piper Sandler maintaining an Overweight rating and raising the price target.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 11:06 am

XOM

TD Cowen analyst Jason Gabelman upgraded Exxon Mobil (NYSE:XOM) from Market Perform to Outperform and set a price target of $115. This upgrade suggests a positive outlook on Exxon Mobil's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:02 am

NS

Wells Fargo analyst Michael Blum has upgraded NuStar Energy (NYSE:NS) from Underweight to Equal-Weight and increased the price target from $18 to $21. This upgrade reflects a more favorable view of the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:00 am

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate increased by 450%, with over 146 million SHIB tokens burned in a single day. A significant transaction removed over 100 million SHIB. The crypto derivatives market saw increased activity in SHIB, with an Open Interest (OI) of $18 million. OKX exchange led in SHIB derivative trades with $7.5 million in OI. The long versus short position ratio suggests a bullish sentiment. Despite this, SHIB's price was down 3.45% at $0.000008949.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 11:00 am

TEVA

Jefferies analyst Glen Santangelo upgraded Teva Pharmaceutical Industries (NYSE:TEVA) from Hold to Buy and increased the price target from $10 to $14, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:54 am

ENPH

Truist Securities analyst Jordan Levy has upgraded Enphase Energy (ENPH) from Hold to Buy and increased the price target from $85 to $145.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:53 am

NOVA

Truist Securities analyst Jordan Levy has upgraded Sunnova Energy International (NOVA) from Hold to Buy and increased the price target from $10 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:51 am

ZUO

Goldman Sachs analyst Adam Hotchkiss has upgraded Zuora (NYSE:ZUO) from Neutral to Buy and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:49 am