Equities Archives - Page 192 of 1061

2 minute read

Financial Stocks Fall After Earnings, Major Banks Notch 4-Day Losing Streak: Regional Banks Hit Lowest Level Since Late 2023

April 16, 4:18 PM

US financial stocks fall amid subdued sentiment, regional banks test moving average support levels. Bank of America, Morgan Stanley report strong Q1 earnings beating expectations.

BAC

2 minute read

Analysts Question Commercial Viability of Marinus’ IV Ganaxolone After Interim Analysis Miss

By Vandana Singh

April 16, 2:45 PM

Marinus Pharmaceuticals' phase 3 RAISE trial on IV ganaxolone for refractory status epilepticus fails interim analysis. Future development to be assessed post final results review.

MRNS

2 minute read

Avalo Therapeutics’ Newly Acquired Ex-Eli Lilly Drug Could Stand Out In Competitive Hidradenitis Suppurativa Market, Analyst Upgrades

By Vandana Singh

April 16, 2:25 PM

Unlock the potential of Avalo Therapeutics with AVTX-009, a promising drug for hidradenitis suppurativa. Oppenheimer upgrades to Outperform, foreseeing Phase 2 progress and market distinction.

ABBV

2 minute read

JD.Com’s Cost Management In Focus – Analyst Maintains Core GMV Growth Assumptions

By Nabaparna Bhattacharya

April 16, 2:10 PM

Analyst maintains Buy rating on JD.com, anticipating core GMV growth and earnings upside from disciplined cost management amidst healthy China retail/e-commerce growth.

1 minute read

PENN Entertainment And ESPN Bet Hold Potential Amid Regulatory Hurdles: Analyst

By Shivani Kumaresan

April 16, 1:54 PM

Benchmark analyst Mike Hickey assigns a Hold rating to PENN Entertainment, acknowledging its strategic efforts to expand digitally and enhance land-based operations. With a focus on partnerships and online gaming, PENN aims to tap into the lucrative sports betting market projected to exceed $30 billion by 2028.

PENN

1 minute read

What’s Going On With Ballard Power Systems Stock Tuesday?

By Nabaparna Bhattacharya

April 16, 1:47 PM

Ballard Power Systems secures purchase orders for hydrogen fuel cell engines from Wrightbus, amid broader market acceptance of fuel cell buses in Europe.

BLDP

2 minute read

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What’s Driving Markets Tuesday?

By Piero Cingari

April 16, 1:28 PM

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.

BAC

1 minute read

Goldman Sachs Thinks GE Vernova Is Uniquely Positioned To Electrify And Decarbonize Future

By Shivani Kumaresan

April 16, 1:27 PM

Goldman Sachs analyst Joe Ritchie kicks off coverage on GE Vernova with a Buy rating, projecting a target price of $154. Highlighting GEV's significant global electricity contribution and advanced grid technologies, Ritchie anticipates double-digit profitability for the Power business by 2024.

GEV

1 minute read

Why Northern Trust Shares Are Diving Today

By Lekha Gupta

April 16, 1:24 PM

Northern Trust shares are trading lower following first-quarter FY24 financial results. Sales declined 6% Y/Y to $1.65 billion, missing the analyst consensus of $1.75 billion. Adjusted net interest margin for the quarter contracted one basis points Y/Y to 1.61%.

KBWB

2 minute read

What’s Going On With BP Shares Today

By Nabaparna Bhattacharya

April 16, 12:59 PM

BP shares decline as the company announces the start-up of oil production from the new ACE platform in the ACG field, despite positive developments in offshore operations in Azerbaijan.