Yiren Digital Stock (NYSE:YRD), Trade Ideas

Yiren Digital

Yiren Digital Ltd is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. its mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. The company supports clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

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Shares of  Landos Biopharma, Inc. (NASDAQ: LABP) rose sharply during Monday’s session following acquisition news.

Why Landos Biopharma Shares Are Trading Higher By Over 170%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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U.S. stocks were lower, with the Dow Jones index falling around 100 points on Monday.

Aehr Test Systems Reports Preliminary Results, Joins Dyne Therapeutics, United Airlines And Other Big Stocks Moving Lower On Monday

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Shares of  SOPHiA GENETICS SA (NASDAQ: SOPH) fell sharply during Tuesday’s session after the company reported worse than expected fourth-quarter earnings and issued 2024 guidance.

Why SOPHiA GENETICS Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Yiren Digital Ltd. American Depositary Shares, each representing two ordinary shares

Yiren Digital Ltd

B. Riley Securities analyst Zach Cummins reinstates Outbrain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OB#NASDAQ">OB</a>) with a Neutral and announces $4.5 price target.

Price Target

Initiation

Analyst Ratings

B. Riley Securities Reinstates Neutral on Outbrain, Announces $4.5 Price Target

Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>)(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/VMC#TSXV">VMC</a>)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 23, 2024, notifying the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq's minimum US$1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"), following the expiration on April 22, 2024 of the initial 180 calendar day period to regain compliance.
As previously disclosed, the Company was initially notified by Nasdaq on October 24, 2023 that the Company was not in compliance with the Bid Price Requirement for a period of 30 consecutive business days, and Nasdaq granted the Company a period of 180 calendar days, or until April 22, 2024, to regain compliance with the Bid Price Requirement.
As a result of the extension, the Company now has until October 21, 2024, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's common shares must have a closing bid price of at least US$1.00 per share for a minimum of 10 consecutive business days, at which point the matter will be closed.
The receipt of the letter from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on The Nasdaq Capital Market under the symbol "VEV." The Company will monitor the closing price for its common shares during the extended compliance period and intends to take all reasonable measures available to regain compliance under the Bid Price Requirement and to maintain the listing of its common shares on The Nasdaq Capital Market.

TSXV:VMC

Vicinity Motor Corp. Receives Additional 180 Day Extension By Nasdaq To Regain Compliance With Minimum Bid Price Rule

WKHS

Workhorse Group Adds Milea Truck Sales And Leasing To Its Certified Dealer Network

Energy Transfer LP (NYSE:<a href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the first quarter ended March 31, 2024.
This cash distribution per Energy Transfer common unit will be paid on May 20, 2024 to unitholders of record as of the close of business on May 13, 2024, and is an increase of 3.3 percent as compared to the first quarter of 2023.
In addition, as previously announced, Energy Transfer plans to release earnings for the first quarter of 2024 on Wednesday, May 8, 2024, after the market closes. The company will also conduct a conference call on Wednesday, May 8, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer's website at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.energytransfer.com&amp;esheet=53951738&amp;newsitemid=20240423530579&amp;lan=en-US&amp;anchor=energytransfer.com&amp;index=1&amp;md5=616d7ba1101f1a5a1619d151f1b95a8f">energytransfer.com</a>. The call will also be available for replay on Energy Transfer's website for a limited time.

Dividends

Energy Transfer Announces Increase In Quarterly Cash Distribution From $0.3150 To $0.3175

DKV Mobility's fuel and service cards will be accepted at Nayax's payment terminals starting in the second half of 2024.

NYAX

Nayax Partners With DKV Mobility To Expand Payments Capabilities Across Europe Fuel & Service Cards

Needham analyst Ami Fadia reiterates Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) with a Buy and maintains $294 price target.

Reiteration

BIIB

Needham Reiterates Buy on Biogen, Maintains $294 Price Target

In first steps, Blink Charging UK will provide twelve chargers at high volume sorting center in Rugby, UK &nbsp;
London, UK, April 24, 2024 (GLOBE NEWSWIRE) -- Blink Charging UK, a subsidiary of leading global EV charging provider, <a href="https://www.globenewswire.com/Tracker?data=aR5QKlyQDn9Ks4NxC2mVXgoW1rjsFXkRZ9LoLXOVNRLC3fuMpBrt870vczuw2D2eu0oiL6z8I10zfTX8TCitnagDPXcjxHhqbbl-V1dcLHk=">Blink Charging Co</a>., has collaborated with Evri, the UK's biggest dedicated parcel delivery company, to install one of Evri's first EV charging hubs at its sorting center in Rugby, UK.
The charging site is the first step in a larger program which will see new EV chargers installed at Evri's sites across the UK as part of its goal to reach net-zero emissions by 2035. Evri selected Blink for the Rugby site based on its reliable, scalable EV equipment and extensive fleet expertise. As carriers look to electrify their fleets, Blink Charging UK provides guidance to help assess Evri's requirements and optimize their infrastructure to meet the needs of a busy charging hub point.
The charging hub at Rugby is a 24-hour operation, with the chargers expected to be in use 60-80% of the time. Each charger has been strategically placed to be accessible to Evri's hundreds of staff at the center as well as to their fleet vehicles.
The Eve Single Pro line smart charging solution is a lightweight and durable charger, with a user-friendly interface, enabling one vehicle to charge at up to 22kW. The charger complies with all relevant standards, including IEC 61851:2017 - IEC 61851:2017.
The purpose-built, automated parcel distribution hub in Rugby, is one of the biggest of its kind in the UK and can process more than one million parcels a day. Installing Blink chargers is part of Evri's plans to improve its charging infrastructure and grow their existing low carbon fleet, which consists of 167 electric vans and growing fleet of e-cargo bikes.
"This is an exciting opportunity to work with Evri to accelerate the deployment of zero emission delivery services in the UK," said Managing Director, Blink Charging UK, Alex Calnan. "Blink will leverage our turnkey offering covering design, install and management of a scalable charging network, delivering future ready networks to support Evri's ambitious plans. It is a significant milestone as we help one of the UK's biggest dedicated parcel delivery companies take one step closer to reaching their goal of net-zero ambitions."
Pauline Potter, Director of Procurement and Sustainability at Evri, said, "we are committed to delivering a sustainable future. This partnership is an important step for Evri on our journey towards net-zero and we are delighted to be working with the team at Blink Charging UK to install EV charging for our Rugby-based vehicles. Together, we can build a more sustainable future for parcel delivery and the communities we serve."
Blink Charging UK has more than 2,000 chargers in the United Kingdom and Ireland with customers in sectors including local authorities, NHS trusts, universities, and fleets. The Company plans to further expand its offerings in the UK and Ireland to include new commercial and home chargers, global network services and apps, and new fleet management tools.

BLNK

Blink Charging UK Teams Up With Evri To Support Courier's Vision To Electrify Fleet; In First Steps, Blink Charging UK Will Provide Twelve Chargers At High Volume Sorting Center In Rugby, UK

Texas Instruments Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38390554/texas-instruments-q1-earnings-eps-beat-revenue-beat-despite-decline-across-all-end-markets" rel="noreferrer noopener">trading higher on Wednesday in the premarket session.</a>
The company reported first-quarter revenue of $3.66 billion, which beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $3.611 billion.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, TXN stock has lost over 3% in the past month.&nbsp;
Quarterly gross profit decreased to $2.095 billion from $2.863 billion. Operating profit in the quarter under review&nbsp;decreased&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38389384/ti-reports-first-quarter-2024-financial-results-and-shareholder-returns" rel="noreferrer noopener">to $1.286 billion from $1.934 billion.</a>
Revenue decreased 16% from the same quarter a year ago and 10% sequentially, as revenue declined across all end markets.
Over the past 12&nbsp;months,&nbsp;the company invested&nbsp;$3.7 billion&nbsp;in R&amp;D and SG&amp;A, $5.3 billion&nbsp;in capital expenditures, and returned&nbsp;$4.8 billion&nbsp;to owners.
Texas Instruments expects second-quarter revenue to be&nbsp;in the range of&nbsp;$3.65 billion to $3.95 billion, with earnings in the range of $1.05 to $1.25 per share.
Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Technology Dividend Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>) and&nbsp;FT Vest Technology Dividend Target Income ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/TDVI#BATS">TDVI</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38331941/palantir-technologies-pitches-agencies-for-inventory-and-supply-chain-management-use-cases-whats" rel="noreferrer noopener">Palantir Technologies Pitches Agencies For Inventory And Supply Chain Management Use Cases &#8211; What&#8217;s Going On?</a>
Price Action: TXN shares are trading higher by 7.12% to $177.25 premarket at last check Wednesday.
Photo via Shutterstock

Equities

General

TDIV

TDVI

What's Going On With Texas Instruments Shares Today?

The Transactions are subject to, among other things, approval by Pomvom and ISRL's stockholders, satisfaction of the conditions stated in the Business Combination Agreement and other customary closing conditions, including the Registration Statement being declared effective by the SEC, the receipt of certain regulatory approvals, and approval by the Nasdaq Stock Market LLC ("Nasdaq") to list the securities of Present Experience.

ISRL

Israel Acquisitions Corp and Pomvom  Announce Confidential Submission Of Draft Registration Statement To SEC And Amendment Of Business Combination Agreement For Proposed Business Combination

B of A Securities analyst Heather Balsky maintains MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) with a Underperform and lowers the price target from $530 to $425.

MSCI

B of A Securities Maintains Underperform on MSCI, Lowers Price Target to $425

Contracts

VTAK

Catheter Precision Receives First Purchase Order For LockeT from HCA Healthcare Facility

Safe &amp; Green Holdings Corp. (NASDAQ:<a href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>)( Safe &amp; Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced that the Company received a letter from the Nasdaq Listing Qualifications (the "Letter"), indicating that since the Company has not yet filed its Form 10-K for the year ended December 31, 2023, the Company is not in compliance with the continued listing requirement set forth in Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file periodic financial reports with the Securities and Exchange Commission. Under the Letter, the Company now has 60 calendar days to submit a plan to regain compliance and if the plan is accepted, the Company can be granted an exception of up to 180 days from the Filing's due date, or until October 14, 2024, to regain compliance. The Company plans to file its Form 10-K imminently.
The Letter has no immediate effect on the Company's Nasdaq listing or the trading of its shares of common stock, and during the grace period, as may be extended, shares of Safe and Green Holdings Corp. common stock will continue to trade on the Nasdaq Capital Market under the symbol "SGBX", subject to the Company's compliance with the other continued listing requirements.&nbsp;

SGBX

Safe & Green Holdings Corp. Announces Receipt of Nasdaq Notification

Innovative Eyewear, Inc. ("Innovative Eyewear" or "the Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCYW#NASDAQ">LUCYW</a>), the developer of smart eyewear under the Lucyd&#xAE;, Nautica&#xAE;, Eddie Bauer&#xAE; and Reebok&#xAE; brands, today announced the filing of two new United States patent applications, a utility application, No. 18/605,092, entitled &nbsp;SMART EYEWEAR HAVING ACCESSIBLE TACTILE CONTROLS and a design application, No. 29/930,655, entitled SAFETY EYEWEAR. Innovative Eyewear also announces receipt of notices of allowance on three smart eyewear design patent applications (patent application Nos. 29/806,204, 29/806/207, 29/806/209) and expects design patents to issue from these three allowed applications after payment of issue fees. &nbsp;
The two new patent applications are directed to the Company's new Lucyd Armor smart safety glasses product, planned to be introduced in mid-2024 in response to initial demand from potential customers. The new utility patent application is directed to functional aspects of product, while the new design patent application is directed to the ornamental design of the product. The Company developed Lucyd Armor to meet perceived needs of industrial and medical safety glass users.
"Lucyd Armor smart safety glasses are a unique product that we are thrilled to bring to the personal protective equipment market," said Innovative Eyewear CEO Harrison Gross. "The culmination of rigorous in-house R&amp;D, we believe these products will deliver a cutting-edge experience to safety glass users around the world, making it easier than ever to communicate handsfree in various work environments.
"We are commencing testing to ensure our smart safety eyewear meets OSHA standards and expect to have the glasses available to consumers in the coming months. In addition to our direct to consumer channels such as Amazon and BestBuy.com, we look forward to launching Lucyd Armor in hardware and home improvement stores, developing an entirely new vertical for the company."
Safety glasses represent an important segment of both the PPE (personal protective equipment) and eyewear markets, with an approximate $3bn global market, expected to grow to $4.18bn by 2030.1 Safety glasses are required equipment for a multitude of professions, from construction sites and warehouses to operating rooms and research facilities around the globe. By combining the safety features of this class of eyewear with Innovative Eyewear's open-ear communication and AI features, the Company believes the product will make it easier and safer than ever for teams to collaborate in a variety of work environments. To support team communications, Innovative Eyewear's free&nbsp;Vyrb app for iOS and Android provides verbal VOIP chatrooms for up to 100 participants at a time.

LUCY

LUCYW

Innovative Eyewear Announces Two New Patent Filings And Receipt Of Notices Of Allowance On Smart Safety Eyewear

Wedbush analyst David Chiaverini reiterates East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Outperform and maintains $90 price target.

EWBC

Wedbush Reiterates Outperform on East West Bancorp, Maintains $90 Price Target

On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.
 &nbsp;
As a result of entering into the Asset Purchase Agreement, Masonite concluded that on and as of the Signing Date that the assets and liabilities of the Architectural Business meet the criteria to be classified as held for sale. Masonite anticipates recording a net non-cash impairment charge during the second quarter of 2024 in the preliminary range of $90 to $100 million (the "Impairment") as a result of the Disposition. Masonite does not anticipate that this charge will result in future cash expenditures. The final amount of the non-cash impairment charge may vary from the preliminary range as a result of a number of factors, including (i) the fair value of any indemnification liabilities, (ii) changes in foreign exchange rates, (iii) the working capital of the Architectural Business upon consummation of the transaction, (iv) the evaluation of any income tax impacts and (v) other assumptions used including discount rates and allocations.

Guidance

Asset Sales

DOOR

As A Result Of Entering Into The Asset Purchase Agreement, Masonite Anticipates Recording A Net Non-Cash Impairment Charge During Q2 Of 2024 In The Preliminary Range Of $90M-$100M

Biotech

ASND

MHRA Approves YORVIPATH In Great Britain For Adults With Chronic Hypoparathyroidism

CDTG

CDT Environmental Technology Investment Holdings Limited Announces New Wastewater Treatment Services Contract Valued At Approximately $11.7M

AEYE: 21% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401013">AudioEye shares are trading higher after the company reported better-than-expected Q1 financial results.</a>
AMST: 75% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38400748">Amesite shares are trading higher after the company announced the Beta release of its NurseMagic app.</a>
BOF: 100% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401732">BranchOut Food Expends Third Contract With Nation&#39;s Largest Retailer, To Total $8M in Annualized Revenue</a>

AEYE

AMST

Market-Moving News for April 24th

Macro Economic Events

Econ #s

Economics

USA Durables Excluding Defense (MoM) For March 2.3% Vs 1.5% Prior

USA Durable Goods Orders (MoM) For March 2.6% Vs 2.5% Est.; 0.7% Prior

Yiren Digital (YRD) Q4 2023 Earnings Call Transcript

Yirendai Ltd ADR (YRD) said before open Thursday that it broke even in quarter four 2023. In the same quarter a year ago, the company earned $0.78 per share on revenue of $157.8 million. The stock is down 2.03% to $5.32 after the report.The firm's lower revenue growth to earnings signals that the firm has been able to redu

Yirendai Ltd ADR Down 2.03% To $5.32 After Earnings

Yiren Digital Ltd. Sponsored Adr (YRD) has released an update. Yiren Digital Ltd. reports robust financial performance for the fourth quarter and f...

Yiren Digital Celebrates Strong 2023 Financial Growth

Yiren Digital Ltd - ADR (YRD) is near the top in its industry group according to InvestorsObserver. YRD gets an overall rating of 63. That means it scores higher than 63 percent of stocks. Yiren Digital Ltd - ADR gets a 80 rank in the Credit Services industry. Credit Services is number 29 out of 148 industries. YRD has an

Should You Buy Yiren Digital Ltd - ADR (YRD) in Credit Services Industry?

Yiren Digital Ltd - ADR (YRD) is near the top in its sector according to InvestorsObserver.YRD gets an overall rating of 58. That means it scores higher than 58% of stocks.Yiren Digital Ltd - ADR gets a 71 rank in the Financial Services sector. Financial Services is number 3 out of 11 sectors. YRD has an Overall Score of 5

Will Yiren Digital Ltd - ADR (YRD) Stay at the Top of the Financial Services Sector?

Coinbase, Cleanspark, Cipher Mining in financials gainers

These Financial Services stocks are trading higher:-MoneyHero Ltd (MNY) stock is trading at $2.19, a gain of $0.82, or 56.93%, on high volume.  Moneyhero Limited Cl A gets a Sentiment Score of Neutral from InvestorsObserver. Moneyhero Limited Cl A next reports earnings on AprilÂ 4. -Digital World Acquisition Corp (DWAC) sto

Financial Services Stocks Making Moves Monday: MNY, DWAC, BTCS, DWACW, YRD, LPRO, STI, NYCB

These Financial Services stocks are trading higher:-PSQ Holdings Inc (PSQH) stock is trading at $5.69, a gain of $0.65, or 12.9%, on high volume.  Psq Holdings Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $8.50.  -Trupanion

Financial Services Stocks Moving Up and Down Tuesday: PSQH, TRUP, HUT, YRD, MNY, GSHD, FNMAT, FNMAS

Iris Energy, Yiren Digital among financial movers

The financial services sector is set for solid growth owing to global economic trends, technological advancements making digital services more accessible, and changing consumer preferences.Therefore, investors could consider buying fundamentally strong financial services stocks Broadridge Financial Solutions (BR), Banco Macro (BMA), and Yiren Digital (YRD) as they look well-positioned to continue their momentum. Read more... The financial services industry is vital in shaping economies and facilitating transactions. With easy access to digital services, the proliferation of the Internet, increased demand for credit, rising consumer spending, and the integration of advanced technologies like AI, blockchain, cloud, and data analytics, the industry looks well-poised for growth.
Amid this backdrop, investors could consider buying quality financial services stocks Broadridge Financial Solutions, Inc. (<a href="https://stocknews.com/stock/BR/">BR</a>), Banco Macro S.A. (<a href="https://stocknews.com/stock/BMA/">BMA</a>), and Yiren Digital Ltd. (<a href="https://stocknews.com/stock/YRD/">YRD</a>) have been showing strong momentum lately and will likely maintain the bullish momentum in the near term.
Before diving deeper into the fundamentals of these stocks, let's discuss what's going on in the financial services industry.
Digitalization has revolutionized finance, streamlining transaction processes. The sector thrives due to internet expansion, rising smartphone use, and favorable government policies. Now, consumers prefer digital platforms for banking, payments, investments, and insurance, further driving industry growth. The financial services market is projected to grow at a <a href="https://www.thebusinessresearchcompany.com/report/financial-services-global-market-report">CAGR of 7.6%</a> to reach $44.93 trillion by 2028.
Furthermore, the rising popularity of fintech and the increasing adoption of advanced technologies such as AI, data analytics, blockchain, and cloud-based solutions significantly enhance user experiences and create substantial growth opportunities for consumer finance firms. The global consumer finance market is expected to reach <a href="https://www.blueweaveconsulting.com/report/consumer-finance-market">$1.96 trillion by 2029</a>, growing at a CAGR of 7.1%.
Considering these conducive trends, let's analyze the fundamental aspects of the three financial stocks.
Broadridge Financial Solutions, Inc. (<a href="https://stocknews.com/stock/BR/">BR</a>)
BR provides investor communications and technology-driven solutions for the financial services industry. It operates through two segments: Investor Communication Solutions and Global Technology and Operations.
On April 14, 2024, BR announced that SBI SECURITIES Co., Ltd. selected its post-trade solution for launching equities brokerage services in the UK through SBI Shinsei International Limited.
This extends their existing partnership for processing Japanese equities transactions in Hong Kong and Singapore. They plan to leverage BR's Swift Service Bureau to automate Swift messaging workflows with their custodian.
In terms of the trailing-12-month EBITDA margin, BR's 23.10% is 69.3% higher than the 13.65% industry average. Its 13.39% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 101.9% higher than the industry average of 6.63%. Likewise, its 10.82% trailing-12-month net income margin is 83.9% higher than the industry average of 5.88%.
BR's revenues for the fiscal second quarter that ended December 31, 2023, amounted to $1.41 billion, up 8.7% year-over-year. Its adjusted operating income increased marginally over the prior-year quarter to $174.50 million. In addition, its adjusted net earnings and adjusted earnings per share increased 1.1% each from the year-ago value to $109.60 million and $0.92, respectively.
Street expects BR's EPS for the quarter ended March 31, 2024, to increase 9.1% year-over-year to $2.24. Its revenue for the same quarter is expected to increase 7.4% year-over-year to $1.77 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 33.4% to close the last trading session at $193.61.
BR's stock is trading above its 200-day moving average of $188.30.
BR's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #13 out of 97 stocks in the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry. It has a B grade for Momentum and Sentiment. To access BR's grades for Growth, Value, Stability, and Quality, <a href="https://stocknews.com/stock/BR/">click here</a>.
Banco Macro S.A. (<a href="https://stocknews.com/stock/BMA/">BMA</a>)
Headquartered in Buenos Aires, Argentina, BMA provides various banking products and services to retail and corporate customers in Argentina. It offers a range of retail banking products and services, including personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers.
In terms of the trailing-12-month Return on Common Equity, BMA's 32.27% is 195.6% higher than the 10.92% industry average. Likewise, its 8.74% trailing-12-month Return on Total Assets is 704.1% higher than the 1.09% industry average.
For the fiscal fourth quarter that ended on December 31, 2023, BMA reported net interest income of $183.69 billion, and net fee income rose 4.6% year-over-year to $55.57 billion.
The company's net operating income grew 223.9% year-over-year to $1.32 trillion. Furthermore, its net income for the period and earnings per average outstanding ADS stood at $459.87 billion and $8.89, up 788.8% and 94.5% year-over-year, respectively.
Analysts expect BMA's EPS for the quarter ending September 30, 2024, to increase 451.1% year-over-year to $1.82. Its revenue for fiscal 2024 is expected to increase 129.3% year-over-year to $2.86 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past six months, the stock has gained 152.9% to close the last trading session at $48.03.
BMA's stock is trading above its 50-day and 200-day moving averages of $41.70 and $28.76, respectively.
It's no surprise that BMA has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Quality. Within the <a href="https://stocknews.com/category/foreign-banks/">Foreign Banks</a> industry, it is ranked first out of 90 stocks. In total, we rate BMA on eight different levels. Beyond what we have stated above, we also have given BMA grades for Stability and Sentiment. Get all the BMA ratings <a href="https://stocknews.com/stock/BMA/">here</a>.
Yiren Digital Ltd. (<a href="https://stocknews.com/stock/YRD/">YRD</a>) 
Based in Beijing, the People's Republic of China, YRD operates an AI-powered platform that provides a suite of financial and lifestyle services in China. The company delivers digital financial services, insurance solutions, and consumption and lifestyle services.
In terms of the trailing-12-month EBIT margin, YRD's 53% is 131.9% higher than the 22.86% industry average. Its 20.24% trailing-12-month Return on Total Assets is considerably higher than the 1.09% industry average. Additionally, its 0.52x trailing-12-month asset turnover ratio is 145.1% higher than the 0.21x industry average.
YRD's total net revenue for the fourth quarter that ended December 31, 2023,  increased 17.1% year-over-year to RMB1.27 billion ($175.40 million). The company's net income and net income per ADS stood at RMB571.27 million ($78.90 million) and RMB6.51 per share, up 17.7% and 20.3% year-over-year, respectively.
In addition, the company's adjusted EBITDA came in at RMB684.84 million ($94.59 million), up 6.2% over the prior-year quarter.
Over the past year, YRD's stock has gained 132.4% to close the last trading session at $4.81.
YRD's stock is trading above its 100-day and 200-day moving averages of $4.31 and $3.35, respectively.
YRD's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Value and Quality and a B for Sentiment. It is ranked first out of 9 stocks in the B-rated <a href="https://stocknews.com/category/foreign-consumer-finance/">Foreign Consumer Finance</a> industry. To see YRD's Growth, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/YRD/">click here</a>.
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BR shares were trading at $193.04 per share on Wednesday morning, down $0.57 (-0.29%). Year-to-date, BR has declined -5.81%, versus a 6.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/br-bma-yrd-top-3-financial-services-stocks-with-unstoppable-momentum/>Top 3 Financial Services Stocks With Unstoppable Momentum</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>