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Major US Banks Top Q1 Earnings Estimates As High Interest Rates Offer Tailwinds: ‘Indicators Continue To Be Favorable,’ Jamie Dimon Says

Five prominent U.S. financial institutions unveiled their first-quarter financial performance on Friday, surpassing consensus forecasts for both earnings and revenue, highlighting the favorable climate for banks amid heightened interest rates and a robust economy. Here’s a summary of the results sourced from the Benzinga Pro platform: Bank Q1 2024 EPS EPS Surprise Q1 2024 Revenue […]

534% Revenue Surge Unveiled By Israeli CBD-Focused Pharma Company, Exceeding Expectations

Innocan Pharma Corporation (OTCQB:INNPF) (CSE:INNO) (FSE: IP4), a cannabinoids-focused pharmaceutical company based in Israel, announced Monday its financial results for the the year ended December 31, 2023. The company reported a nearly sixfold increase in its revenues, reaching US$13.7 million, primarily fueled by the sales performance of its subsidiary, BI Sky Global Ltd. Full Year […]

Cannabis Finance Company Silver Spike Announces Solid 2023 Gains

Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023.  Quarter Ended 12/31/2023 Financial Highlights Net investment income of $1.7 million, or $0.28 per share compared to $1.6 million, $0.26 per share in the previous quarter. Investment portfolio of $54.1 million at fair […]

FedEx Confidently Delivered An Earnings Growth Surprise Owed To Structural Cost Cuts

On Thursday, FedEx Corporation (NYSE: FDX) surprised Wall Street withby surpasing earnings estimates for its fiscal 2024 third quarter, while revenue came short of estimates. Amid a backdrop shaped by macroeconomic uncertainty, FedEx also narrowed its full fiscal year earnings outlook but the midpoint stayed the same as cost cuts are expected to offset a decline from […]

Stocks Rally With Google, Tesla At The Helm, But Rising Oil Prices Spark Inflation Fears: What’s Driving Markets Monday?

Wall Street started the new week on a strong footing, as all major U.S. indices displayed gains during midday trading on Monday, highlighting investor confidence in the continued growth of AI-driven stocks. The S&P 500 surged by almost 1%, while the tech-skewed Nasdaq 100 staged an even stronger rebound, climbing 1.3% beyond the 18,000-point mark. […]

Jushi Beats All Expectations: Cannabis Company Surpasses Analysts’ 4Q23 Sales And Profit Forecasts

The multi-state cannabis company Jushi Holdings (OTC: JUSHF), reported a significant increase in unique patient visits in Virginia, indicating robust growth in the fourth quarter of 2023. Sales reached $67.8 million, exceeding the FactSet consensus of $65.3 million, while adjusted EBITDA stood at $11.3 million surpassing the expected $10.5 million. Jushi outperformed financial experts’ expectations […]

S&P 500 Reclaims All-Time Highs As Powell Hints At Rate Cuts, Nvidia Breaks $900, Bitcoin Nears Record Levels: What’s Driving Market Thursday?

The S&P 500 soared past the 5,150-point mark during midday trading in New York, reclaiming its record-high territory set earlier in the week. This surge was propelled by reassuring comments from Fed Chair Jerome Powell regarding potential interest rate declines. Addressing the Senate Banking Committee, Powell indicated that the Fed is not too far from […]

Stocks Surge, Gold Hits New All-Time High, Bitcoin Reclaims $67,000 As Powell Reassures Wall Street: What’s Driving Markets Wednesday?

Markets rallied across the board on Wednesday, erasing the uptick in volatility seen in the previous session, following reassurances from Fed Chair Jerome Powell regarding the Fed’s willingness to ease monetary policy in 2024 if inflation consistently moves toward the 2% target. On Wall Street, all indices saw gains in midday trading, with the tech-heavy […]

4 Target Analysts Explore Latest Earnings Beat, 2024 Growth Strategy, Potential Share Buyback

Target Corp (NYSE:TGT) shares are trading higher after the company reported a beat on EPS and revenue estimates. The Minneapolis-based company reported fourth-quarter 2023 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion. Here’s what analysts have to say about the retailer: JPMorgan analyst Christopher Horvers, CFA has a Neutral rating on the stock with […]

Bears Prowl Wall Street As Magnificent 7 Tumble; Bitcoin Sinks After Record High: What’s Driving Markets Tuesday?

Volatility knocked on the doors of Wall Street on Tuesday, with major indices all in the red during midday trading as mega-cap tech stocks plunged simultaneously. All the Magnificent Seven names experienced losses. Tesla Inc. (NASDAQ:TSLA) nosedived over 4%, while Apple Inc. (NASDAQ AAPL) shed 2.7%, marking its fifth consecutive session of losses. This decline […]