Yinhang Internet Tech Dev Stock (OTC: YITD)

Yinhang Internet Tech Dev (OTC:YITD) Stock, Quote.Headers.trade-ideas

Yinhang Internet Technologies Development Inc operates an online website that enables merchants and consumers to connect, share information and conduct business through its subsidiaries. Through its subsidiaries, the company provides internet information service providing information platform to end user merchants advertising their products or services on its website. Its segments consist of providing internet platform services; online and physical stores to sell featured products labeled with UKT trademark, and providing advertising-supported website and magazine to publicize the information and news regarding urban and rural areas attract advertising source income. Majority of the revenue is derived from the provision of internet platform services.

YINHANG INTERNET TECH DEV by Yinhang Internet Technologies Development, Inc.

Yinhang Internet Technologies Development Inc

News

Guidance

LUXH

For 2H, LuxUrban Hotels To Focus On Optimizing Revenue Management, Improving Cash Flow Profile And Enhancing Its Balance Sheet Through Strategic Initiatives Aimed At Strengthening Liquidity

Federal Reserve

Fed's Kugler Says Maybe Some Fed Policymakers Would Be Willing To Move Expected '25 Rate Cuts Forward To '24 Or Vice Versa, Depending On Data; We Don't Pay A Whole Lot Of Attention To The Neutral Rate Because There Is A Lot Of Uncertainty Around It

<p>Financial giants have made a conspicuous bullish move on Merck &amp; Co. Our analysis of options history for Merck &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $119,340, and 5 were calls, valued at $224,086.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $120.0 for Merck &amp; Co over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Merck &amp; Co stands at 2075.86, with a total volume reaching 6,696.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Merck &amp; Co, situated within the strike price corridor from $100.0 to $120.0, throughout the last 30 days.</p>
<h3>Merck &amp; Co Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727297131_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$10.0</td>
<td>$9.85</td>
<td>$9.85</td>
<td>$120.00</td>
<td>$58.1K</td>
<td>1.2K</td>
<td>60</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$24.5</td>
<td>$20.0</td>
<td>$21.9</td>
<td>$100.00</td>
<td>$56.9K</td>
<td>318</td>
<td>26</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$0.99</td>
<td>$0.95</td>
<td>$0.95</td>
<td>$118.00</td>
<td>$44.4K</td>
<td>972</td>
<td>1.6K</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.9</td>
<td>$0.88</td>
<td>$0.9</td>
<td>$118.00</td>
<td>$36.9K</td>
<td>972</td>
<td>2.8K</td>
</tr>
<tr>
<td>MRK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.35</td>
<td>$3.2</td>
<td>$3.35</td>
<td>$118.00</td>
<td>$34.8K</td>
<td>16</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Merck &amp; Co</h3>
<p>Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform is growing as a major contributor to overall sales. The company also has a substantial vaccine business, with treatments to prevent pediatric diseases as well as human papillomavirus, or HPV. Additionally, Merck sells animal health-related drugs. From a geographical perspective, just under half of the company's sales are generated in the United States.</p>
<p>After a thorough review of the options trading surrounding Merck &amp; Co, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Merck &amp; Co Standing Right Now?</h3>
<ul>
<li>With a volume of 7,899,351, the price of MRK is down -0.1% at $114.84. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 36 days.</li>
</ul>
<h3>What Analysts Are Saying About Merck &amp; Co</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $155.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $155.<br />
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $155. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Merck &amp; Co options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

This Is What Whales Are Betting On Merck & Co

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Aurora Innovation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AUR, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Aurora Innovation.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 80% bullish and 10%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $76,750, and 8 are calls, for a total amount of $601,410.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.5 and $10.0 for Aurora Innovation, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Aurora Innovation stands at 557.14, with a total volume reaching 42,184.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Aurora Innovation, situated within the strike price corridor from $5.5 to $10.0, throughout the last 30 days.</p>
<h3>Aurora Innovation Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727297127_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AUR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.7</td>
<td>$1.55</td>
<td>$1.6</td>
<td>$6.00</td>
<td>$160.0K</td>
<td>288</td>
<td>0</td>
</tr>
<tr>
<td>AUR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.65</td>
<td>$0.6</td>
<td>$0.65</td>
<td>$7.00</td>
<td>$135.7K</td>
<td>2.8K</td>
<td>9.2K</td>
</tr>
<tr>
<td>AUR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.6</td>
<td>$0.55</td>
<td>$0.55</td>
<td>$7.00</td>
<td>$84.0K</td>
<td>2.8K</td>
<td>5.4K</td>
</tr>
<tr>
<td>AUR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.75</td>
<td>$0.7</td>
<td>$0.74</td>
<td>$7.00</td>
<td>$74.0K</td>
<td>2.8K</td>
<td>10.4K</td>
</tr>
<tr>
<td>AUR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.75</td>
<td>$1.4</td>
<td>$1.73</td>
<td>$5.50</td>
<td>$49.3K</td>
<td>201</td>
<td>319</td>
</tr>
</tbody>
</table>
</p>
<h3>About Aurora Innovation</h3>
<p>Aurora Innovation Inc is engaged in delivering self-driving technology safely, quickly, and broadly. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles, and underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. The Company is developing the Aurora Driver, an advanced and scalable suite of self-driving hardware, software and data services designed as a platform to adapt and interoperate amongst vehicle types and applications.</p>
<h3>Current Position of Aurora Innovation</h3>
<ul>
<li>With a volume of 18,274,127, the price of AUR is up 2.54% at $6.46. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.</p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Aurora Innovation with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Check Out What Whales Are Doing With AUR

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Bank of America</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BAC, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Bank of America.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $122,070, and 8 are calls, for a total amount of $463,848.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Bank of America during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 4249.89 with a total volume of 10,871.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of America's big money trades within a strike price range of $30.0 to $45.0 over the last 30 days.</p>
<h3>Bank of America Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727297122_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$10.45</td>
<td>$10.3</td>
<td>$10.45</td>
<td>$30.00</td>
<td>$169.3K</td>
<td>448</td>
<td>162</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$0.23</td>
<td>$0.22</td>
<td>$0.23</td>
<td>$39.50</td>
<td>$69.0K</td>
<td>5.3K</td>
<td>7.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$0.53</td>
<td>$0.52</td>
<td>$0.53</td>
<td>$39.00</td>
<td>$68.2K</td>
<td>741</td>
<td>1.7K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.5</td>
<td>$2.49</td>
<td>$2.49</td>
<td>$40.00</td>
<td>$53.7K</td>
<td>8.7K</td>
<td>75</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$3.9</td>
<td>$3.65</td>
<td>$3.85</td>
<td>$45.00</td>
<td>$46.2K</td>
<td>107</td>
<td>120</td>
</tr>
</tbody>
</table>
</p>
<h3>About Bank of America</h3>
<p>Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.</p>
<p>Following our analysis of the options activities associated with Bank of America, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Bank of America</h3>
<ul>
<li>With a trading volume of 28,579,270, the price of BAC is down by -0.53%, reaching $39.24.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 20 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Bank of America</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Showing optimism, an analyst from Deutsche Bank upgrades its rating to Buy with a revised price target of $45. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bank of America options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Decoding Bank of America's Options Activity: What's the Big Picture?

<p><a href="https://www.sec.gov/Archives/edgar/data/1341439/000119312524226101/d832142dfwp.htm">https://www.sec.gov/Archives/edgar/data/1341439/000119312524226101/d832142dfwp.htm</a></p>
<p>&nbsp;</p>


Offerings

ORCL

Oracle Corp Files For Offering Of $1.5B 4.200% Notes Due 2029

Dollar General Recommends Shareholders To Reject TRC Capital's Unsolicited "Mini-tender" Offer To Purchase Up To 1.50M Shares, Representing Less Than 1% Of Outstanding Common Stock At $82.20 Per Share

Southwest Airlines And Counsel To Implement Resolution From Special Litigation Committee Of Independent And Disinterested Directors

Fed's Kugler Says We Have Started To Recalibrate Rates; We Need To Continue Normalizing Rates

<p>The shares will begin trading on the New York Stock Exchange on September 26, 2024 under the ticker symbol &quot;BKV,&quot; and the offering is expected to close on September 27, 2024, subject to customary closing conditions.</p>


IPOs

Energy Company BKV Corp Reports Pricing Of Its IPO Of 15M Common Shares At $18.00 Per Share

Fed's Kugler Says Inflation Measures Ex-Housing Are Near 2%, But That's Not What We Target; We Are Making Very Good Progress, But Not At 2% Yet; I Don't See That We Will Overshoot On Inflation;  It Will Still Take Us Some Time To Get To 2% Inflation

<p>LuxUrban Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) reported quarterly losses of $(0.41) per share which missed the analyst consensus estimate of $(0.12) by 241.67 percent.  The company reported quarterly sales of $18.186 which missed the analyst consensus estimate of $26.350 million by 100.00 percent.  This is a 100.00 percent decrease over sales of $31.861 million the same period last year.</p>


Earnings

Earnings Misses

LuxUrban Hotels Q2 2024 GAAP EPS $(0.41) Misses $(0.12) Estimate, Sales $18.186 Miss $26.350M Estimate

Fed's Kugler Says We're At A Place Where We Don't Want Labor Market To Weaken Further; Makes Since To Shift Attn To Employment Mandate

<p>The Screen Actors Guild &#8211; American Federation of Television and Radio Artists (SAG-AFTRA) has announced a strike against League of Legends after accusing Formosa Interactive of attempting to undermine the ongoing <a href="https://www.benzinga.com/topic/gaming-industry">video game industry strike. </a></p>
<p><a href="https://www.gamesindustry.biz/sag-aftra-calls-strike-against-league-of-legends-files-unfair-labour-practice-against-formosa">According </a>to GamesIndustry.biz, The union, which represents actors in film, television, and video games, filed an unfair labor practice charge with the National Labor Relations Board (NLRB) against Formosa.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/general/gaming/24/07/40035765/sag-aftra-calls-video-game-strike-over-ai-concerns">SAG-AFTRA Calls Video Game Strike Over AI Concerns</a></strong></p>
<p>In a statement, SAG-AFTRA claimed that Formosa Interactive, which provides art and audio services to top-tier game studios, violated labor laws by secretly shifting work related to a struck video game to non-union performers. </p>
<p>The union expressed that this action was "a flagrant violation of labor law" and that it directly interfered with performers&#8217; rights to unionize and participate in collective bargaining.</p>
<h3 class="wp-block-heading">Union Claims Formosa Tried To Evade Strike Restrictions</h3>
<p>The accusations emerged after Formosa allegedly attempted to "cancel" a video game that was part of the strike, later transferring the project to a shell company to avoid union restrictions. </p>
<p>The union's national executive director and chief negotiator, <strong>Duncan Crabtree-Ireland</strong>, condemned the company's actions:</p>
<p>"To commit illegal unfair labor practices is beyond the pale and won't be tolerated by SAG-AFTRA members. Formosa will be held accountable, starting with an immediate strike of League of Legends."</p>
<p>Crabtree-Ireland said that Formosa&#8217;s actions were not only an attempt to sidestep union labor protections but also a reflection of ongoing resistance by companies to adopt AI-related terms similar to those already embraced by the film, television, and music industries.</p>
<p>SAG-AFTRA had previously voted to strike after failing to reach an agreement with gaming companies over AI protections and performers' working conditions. As the strike continues, the union has secured agreements with over 80 game developers, but the dispute with Formosa Interactive is one of the most significant challenges it has faced.</p>
<h3 class="wp-block-heading">Riot Games Responds: &#8220;League Of Legends Is Not Involved&#8221;</h3>
<p>In the wake of the accusations, Riot Games has responded, denying any involvement in the allegations made by SAG-AFTRA. In a statement provided to GamesIndustry.biz, Riot clarified that League of Legends has no connection to the events mentioned in the union's press release.</p>
<p>"League of Legends has nothing to do with the complaint mentioned in SAG-AFTRA's press release. We want to be clear: Since becoming a union project five years ago, League of Legends has only asked Formosa to engage with Union performers in the US and has never once suggested doing otherwise."</p>
<p>Riot further distanced itself from the controversy, explaining that the allegations pertain to a different game and are unrelated to any of its projects:</p>
<p>"We've never asked Formosa to cancel a game that we've registered. All the allegations in SAG-AFTRA's press release relating to canceling a game or hiring non-union talent relate to a non-Riot game, and have nothing to do with League or any of our games."</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/07/40023915/sag-aftra-strike-hits-video-game-industry-but-gta-6-remains-unaffected">SAG-AFTRA Strike Hits Video Game Industry, But GTA 6 Remains Unaffected</a></li>
</ul>
<p><em>Image credits: Shutterstock.</em></p>


Gaming

General

SAG-AFTRA Strikes League Of Legends Contractor, Riot Games Responds: 'LoL Has Nothing To Do With The Complaint'

<p><strong>Jefferies Financial Group Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) reported its third-quarter financial results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/b41034512/jefferies-announces-third-quarter-2024-financial-results">details from the report. </a></p>
<p><strong>The Details:</strong> Jefferies Financial reported quarterly sales of $1.68 billion, which missed the analyst consensus estimate of $1.71 billion by 1.52%.</p>
<ul>
<li>Investment Banking net revenues were $949 million, including record quarterly advisory revenues of $592 million.</li>
<li>Capital Markets net revenues were $671 million.</li>
<li>Asset Management net revenues (before allocated net interest) were $75 million.</li>
</ul>
<p>&#8220;Our third-quarter net revenues of $1.68 billion reflect strong performance and continued momentum in Investment Banking, with particularly strong performance in Advisory and demonstrating the successful ongoing execution of our strategy to drive the growth of our business,&#8221; said <strong>Richard Handler</strong>, CEO of Jefferies Financial.</p>
<p><strong>Read Next: </strong><a href="https://www.benzinga.com/news/24/09/41028294/whats-going-on-with-snowflake-stock"><strong>What&#8217;s Going On With Snowflake Stock?</strong></a></p>
<p><strong>Outlook:</strong>  Jefferies Financial said it was optimistic about the balance of the year and outlook for 2025. </p>
<p><strong>JEF Price Action:</strong> According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Jefferies Financial Group shares are down 1.57% after-hours at $61 at the time of publication Wednesday. </p>
<p><strong>Read Also: </strong><a href="https://www.benzinga.com/news/24/09/41011763/whats-going-on-with-intel-stock"><strong>&nbsp;What&#8217;s Going On With Intel Stock?</strong></a></p>
<p><em>Photo: Courtesy of Jefferies Finanicial Group, Inc. </em></p>


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