@4headtrade's post on eToro.com
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🔔Mid Day Trading Update🔔
📅Friday 15/7/2022📅
🟢Bullish Activity🟢
$C
Shares are trading higher after the diversified financial services provider reported Q2 earnings of $2.19 per share $0.53 beat on revenue that rose 10.6%YOY to $19.64B above the $18.32B consensus as gross margin came in at 59.1% for the quarter. Total allowance for credit losses on loans was approximately $16.0B at quarter end, with a reserve-to-funded loans ratio of 2.44%, compared to $19.2B or 2.88% of funded loans, at the end of the prior-year period. The July 15th 47.50 call being the highest volume contract.
$PINS
Also to the upside following a Wall Street Journal report that activist hedge fund Elliott Management has taken a more than 9% stake in the company. The news follows last month’s news that co-founder and CEO Ben Silbermann is transitioning to the role of executive chairman and keeping a seat on the board. KeyBanc Capital Markets analyst Justin Patterson stated, “While it is unclear if M&A is back