12:30 PM EST, 03/07/2024 (MT Newswires) -- Hratch Panossian (Chief Financial Officer, Canadian Imperial Bank of Commerce ( CM )) joined RBC's Global Financial Institutions Conference. Key takeaways: CIBC maintains its mid-30 bps impaired provision for credit loss (PCL) ratio for 2024, as most of the tougher U.S. commercial real estate (CRE) portfolio loans has been worked out/renewed to reflect...

High-rolling investors have positioned themselves bearish on Dell Technologies ( DELL ) , and it's important for retail traders to take note. This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DELL often signals that someone has privileged information. Today, Benzinga's...

12:33 PM EST, 03/07/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph) ADT (ADT) shares were down 10.7% in recent trading Thursday, a day after the company priced a public offering of 65 million common shares held by affiliates of Apollo Global Management at $6.50 per share. The underwriters have been granted a 30-day...

Kodiak Gas Services, Inc. ( KGS ) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 guidance. Revenue of $225.98 million beat the consensus of $224.5 million. Compression Operations segment adjusted gross margin expanded 140 basis points Q/Q. Adjusted EBITDA rose to $113.9 million in the quarter from $103.2 million in the prior year quarter. The...