Latest news for Thunderful Group (OTC:TUDRF) Stock

Thunderful Group AB is mainly a pan-Nordic group that develops and publishes PC, console, and mobile games for the universal gaming market, as well as distributes games, game consoles, game accessories, and toys in the Nordic market. It operates in two business segments which include Thunderful Games and Thunderful Distribution. Its geographical segments are Sweden, Norway, Finland, Denmark, and others.

THUNDERFUL GROUP AB by Thunderful Group AB

Thunderful Group AB

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)&nbsp;reported a second-quarter fiscal 2024 net income of $6.9 billion and EPS of $0.83, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.80</a>.
Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of&nbsp;<a target="_blank" href="https://investor.bankofamerica.com/quarterly-earnings" rel="noreferrer noopener">$25.22 billion</a>.
Segment Net income: Consumer Banking $2.595 billion vs. $2.853 billion Y/Y, Global Wealth and Investment Management $1.03 billion vs. $978 million Y/Y, Global Banking $2.12 billion vs. $2.65 billion Y/Y, and Global Markets $1.41 billion vs. $1.18 billion Y/Y.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39563519/us-banks-bump-up-dividends-following-feds-successful-stress-test" rel="noreferrer noopener">US Banks Bump Up Dividends Following Fed's Successful Stress Test</a>
The Net interest income was $13.7 billion (-3.0% Y/Y), as higher deposit costs more than offset higher asset yields and modest loan growth. Noninterest income was $11.7 billion (+6.0% Y/Y). Provision for credit losses was $1.5 billion, compared to $1.1 billion a year ago.
The efficiency ratio for the quarter was 64%, flat Y/Y. The bank reported a CET1 ratio of 11.9%, up 30 bps from a year ago. The book value per share of $34.39 improved by 7%.
The average loan and lease balance was $1.05 trillion (+0.5% Y/Y). Average deposits are up 2% Y/Y to $1.91 trillion.
Bank of America added ~1.0 million credit card accounts during the quarter.
Dividend: From CFO Alastair Borthwick: "We announced plans for an eight percent increase in our quarterly common stock dividend, to 26 cents per share, pending Board approval."
Outlook: Bank of America anticipates net interest income of ~$14.50 billion in the fourth quarter. It assumes a 25 bps interest rate cut.
Price Action: BAC shares are trading higher by 2.41% at $42.90 premarket at the last check Tuesday.
Photo Courtesy: Tero Vesalainen On Shutterstock

Earnings

News

Dividends

Movers

Bank of America's Q2 Earnings: Revenue And EPS Beat, $1.5B Credit Loss Provision, Sees Q4 NII Growth

Mizuho analyst Gregg Moskowitz maintains Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Outperform and lowers the price target from $36 to $34.

Price Target

Analyst Ratings

CFLT

Mizuho Maintains Outperform on Confluent, Lowers Price Target to $34

Guidance

Bank Of America Sees Q4 NII ~$14.5B

Mizuho analyst Gregg Moskowitz maintains Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Neutral and raises the price target from $88 to $92.

Mizuho Maintains Neutral on Cloudflare, Raises Price Target to $92

Mizuho analyst Gregg Moskowitz maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Outperform and lowers the price target from $225 to $220.

TEAM

Mizuho Maintains Outperform on Atlassian, Lowers Price Target to $220

Needham analyst Scott Berg reiterates SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) with a Buy and maintains $18 price target.

Reiteration

SEMR

Needham Reiterates Buy on SEMrush Hldgs, Maintains $18 Price Target

<ul>
<li>300 patients enrolled in the study, including patients with and without the cognitive biomarker &ndash;</li>
<li>On track to report topline data in October 2024 &ndash;</li>
<li>Alto to host investor day focused on ALTO-100 on September 9, 2024 &ndash;</li>
</ul>

ANRO

Alto Neuroscience Completes Enrollment In ALTO-100 Phase 2b Study, Topline Results Expected In October

General

Redwire Secures Follow-On Order For Roll-Out Solar Arrays For Thales Alenia Space's Newest Telecommunications Satellite Product Line

WIIM

State Street shares are trading higher following better-than-expected Q2 financial results.

State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.03 by 5.91 percent. The company reported quarterly sales of $3.191 billion which beat the analyst consensus estimate of $3.146 billion by 1.42 percent. This is a 2.60 percent increase over sales of $3.110 billion the same period last year.

Earnings Beats

State Street Q2 2024 GAAP EPS $2.15 Beats $2.03 Estimate, Total Revenue $3.191B Beat $3.146B Estimate

MDWD

MediWound Selected For €16.25M Funding From The European Innovation Council Accelerator Program

Morgan Stanley analyst Mike Cyprys maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Overweight and raises the price target from $1013 to $1036.

Morgan Stanley Maintains Overweight on BlackRock, Raises Price Target to $1036

Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.72 by 1.39 percent. The company reported quarterly sales of $4.69 billion which beat the analyst consensus estimate of $4.68 billion by 0.20 percent. This is a 0.73 percent increase over sales of $4.66 billion the same period last year.

SCHW

Charles Schwab Q2 2024 Adj EPS $0.73 Beats $0.72 Estimate, Sales $4.69B Beat $4.68B Estimate

Morgan Stanley shares are trading higher following better-than-expected Q2 earnings.

Philip Morris International U.S. Affiliate To Create 500 Jobs Investing $600M In Colorado Manufacturing Facility

Biotech

Health Care

BTAI

BioXcel Therapeutics Announced Preliminary Sales Of Igalmi (Dexmedetomidine) Sublingual Film For Q2 Of Approximately $1.1M, Up Approximately 90% Quarter Over Quarter And Approximately 141% Year-over-year

Morgan Stanley Raises Dividend From $0.85 To $0.925/Share

Morgan Stanley analyst Betsy Graseck maintains Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) with a Overweight and raises the price target from $475 to $513.

Morgan Stanley Maintains Overweight on Goldman Sachs Gr, Raises Price Target to $513

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) reported quarterly earnings of $1.82 per share which beat the analyst consensus estimate of $1.65 by 10.3 percent. The company reported quarterly sales of $15.00 billion which beat the analyst consensus estimate of $14.30 billion by 4.90 percent. This is a 11.47 percent increase over sales of $13.46 billion the same period last year.

Morgan Stanley Q2 2024 Adj EPS $1.82 Beats $1.65 Estimate, Sales $15.00B Beat $14.30B Estimate

The Dow Jones index closed higher by more than 200 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Bespoke Extracts</h3>
<ul>
<li>The Trade: Bespoke Extracts, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BSPK#OTC">BSPK</a>) CEO Michael Feinsod <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 3,000 shares at</a> an average price of $0.07. To acquire these shares, it cost around $210.</li>
<li>What's Happening: The company&#8217;s stock jumped around 268% over the past six months.</li>
<li>What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.</li>
</ul>
<h3 class="wp-block-heading">Thunder Mountain Gold</h3>
<ul>
<li>The Trade: Thunder Mountain Gold, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/THMG#OTC">THMG</a>) CEO Eric T Jones acqu<a href="https://www.benzinga.com/sec/insider-trades/">ired a total of 125,000 shares a</a>t an average price of $0.06. To acquire these shares, it cost around $6,875.</li>
<li>What's Happening: The company's stock gained around 38% over the past six months.</li>
<li>What Thunder Mountain Gold Does: Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities.</li>
</ul>
<h3 class="wp-block-heading">Tecogen</h3>
<ul>
<li>The Trade: Tecogen Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGEN#OTC">TGEN</a>) Director Earl R Lewis <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 10,000 shares</a> at an average price of $0.68. The insider spent around $6,800 to buy those shares. </li>
<li>What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.</li>
<li>What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.</li>
</ul>
<h3 class="wp-block-heading">Perfect Moment</h3>
<ul>
<li>The Trade: Perfect Moment Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NYSE">PMNT</a>) Chief Creative Officer Jane Gottschalk <a href="https://www.benzinga.com/quote/aei/analyst-ratings">acquired a total of 5,600 shares</a> at an average price of $1.63. The insider spent around $9,129 to buy those shares.</li>
<li>What's Happening: On July 9, ThinkEquity analyst Ashok Kumar initiated coverage on Perfect Moment with a Buy rating and announced a price target of $6.</li>
<li>What Perfect Moment Does: Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear, and activewear.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39770427/top-5-consumer-stocks-that-may-explode-in-q3">Top 5 Consumer Stocks That May Explode In Q3</a></li>
</ul>