Newsfeeds Archive - Page 65 of 246

1 minute read

Truist Financials’ Mixed Q4 Results, Provision From Credit Losses Widens

January 18, 8:51 AM

Truist Financial Q4 FY23 revenue surpassed expectations at $5.76 billion. Despite a decline in net interest income and noninterest income, the CET1 ratio stands strong at 10.1%, reflecting organic capital growth. CEO Bill Rogers anticipates a prosperous 2024, emphasizing a strategic focus on core U.S. markets.

TFC

1 minute read

Wintrust Financial Shares Dip On Q4 Miss: Details

By Lekha Gupta

January 18, 8:21 AM

Wintrust Financial reported 4% YoY revenue increase at $570.8 million, below the $579.2 million consensus. . Despite total loans and deposits growing, EPS fell 16% YoY to $1.87.

WTFC

1 minute read

ONEOK Powers Up Investor Confidence: Dividend Hike & $2B Buyback Program

By Lekha Gupta

January 18, 7:21 AM

ONEOK bolsters investor confidence with a 3.7% quarterly dividend hike to $0.99, marking an annualized $3.96 per share. The company targets a 3-4% annual dividend growth rate and authorizes a $2 billion share repurchase program, aiming for 75%-85% of forecasted cash flow in the next four years.

OKE

1 minute read

DoorDash Set To Thrive In 2024: Analyst Highlights Growth In Delivery Services And Potential In Grocery Advertising

By Lekha Gupta

January 17, 4:32 PM

Mizuho Securities analyst raises DoorDash Inc (DASH) price target to $140, citing an optimistic 2024 outlook. Analyst envisions resilient consumer spending, predicting 20% EBITDA growth driven by share gains and cost discipline. The gig economy giant's potential in food and grocery delivery, coupled with lucrative options in grocery advertising, positions DoorDash for a promising year ahead.

DASH

1 minute read

Tech Company Impinj Shares Up On Guidance Boost, But Unimpressed Analyst Drops Coverage

By Lekha Gupta

January 17, 1:37 PM

Impinj forecasts a robust Q4 2023, with revenue expectations soaring beyond $70 million, outperforming earlier guidance. The adjusted EBITDA projection, surpassing $2.5 million, sparks a surge in PI stock price.

1 minute read

Prologis Misses Q4 Topline Estimates, Eyes Bright 2024 Amid Uncertainties

By Lekha Gupta

January 17, 11:52 AM

Prologis Inc (PLD) faces a market dip as Q4 FY23 rental revenue of $1.76 billion falls short of estimates. However, the company's CEO, Hamid R. Moghadam, maintains a positive outlook for 2024, citing growth in core funds from operations and a robust average occupancy of 97.1% in the fourth quarter.

PLD

1 minute read

Renault’s Electrifying Comeback: 9% Global Sales Surge Signals Automotive Renaissance

By Lekha Gupta

January 17, 11:09 AM

In Europe, the company witnessed volume growth of 18.6% vs. industry growth of 13.9%, benefiting from its product offensive by gaining market share.

RNLSY

2 minute read

Why Citizens Financial Shares Are Sliding Today

By Lekha Gupta

January 17, 9:31 AM

Citizens Financial Group reported a 10% YoY revenue dip in Q4 FY23, totaling $1.99B, missing analyst estimates. Despite a 38% YoY drop in adjusted net income to $426M, the CEO remains optimistic about strategic initiatives. CFG's decision to halt share repurchases in Q4 and an expected 6%-9% YoY decline in net interest income for FY24 draw attention.

CFG

1 minute read

ExxonMobil’s LNG Leap: Secures 1.2 MTPA Boost From Mexico Pacific Project

By Lekha Gupta

January 17, 8:50 AM

Mexico Pacific has inked a third long-term Sales and Purchase Agreement with ExxonMobil LNG Asia Pacific for an additional 1.2 million tonnes per annum of Liquefied Natural Gas from Train 3 of Saguaro Energia project.

XOM

1 minute read

Thomson Reuters On Acquisition Spree: Buys World Business Media In The Insurance Arena

By Lekha Gupta

January 17, 8:01 AM

Thomson Reuters acquires World Business Media, expanding (re)insurance coverage. The move aligns with their strategy to offer valuable insights and services to a broader customer base.

TRI