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Hedge Funds Are Getting More Bullish On Verastem Inc (VSTM)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Why Berkshire Hathaway (BRK.B) Stock is a Compelling Investment Case

Black Bear Value Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -22.3% (net) in the first nine months of 2020, underperforming its benchmark, the S&P 500 Index which returned 5.6% in the same period. You should check out Black Bear Value […] …read more […]

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AMC CEO Says Company Focused on Fundraising, Not Bankruptcy

(Bloomberg) — AMC Entertainment Holdings Inc.’s chief executive officer says the cinema chain is doing everything it can to raise fresh cash to weather the Covid-19 pandemic and isn’t considering bankruptcy at the moment. The shares fell more than 20% in New York trading.“We’re going to throw all of our efforts now into raising additional capital, primarily equity, to lengthen our runway even more,” CEO Adam Aron said late Tuesday in an interview with Bloomberg News. “We’d like to succeed in this effort. If we don’t, obviously we’ll have to consider other options down the road. But that time has …read more […]

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Wells Fargo Profit Slumps on Severance, Remediation Charges

(Bloomberg) — Wells Fargo & Co. profit slumped 56% as Chief Executive Officer Charlie Scharf took charges to address old scandals and begin his job-cutting push.The bank posted a surprise increase in third-quarter expenses as it set aside almost $1 billion for customer remediation and $718 million in restructuring charges. That countered loan-loss provisions that came in at less than half what analysts had expected.In his first year atop Wells Fargo, Scharf has been working to move the firm past a series of scandals. He’s charged with making harmed customers whole, repairing relations in Washington and improving earnings. He’s repeatedly …read more […]

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BofA Traders Fall Short of Rivals as Revenue Forecast Missed

(Bloomberg) — Bank of America Corp.’s traders didn’t seize on the markets boon that lifted rival banks in the third quarter.Revenue from trading rose 3.6% to $3.34 billion, falling short of the $3.5 billion that analysts had forecast. While JPMorgan Chase & Co. and Citigroup Inc. each posted jumps of at least 17% at their trading desks, Bank of America’s small increase wasn’t enough to boost overall revenue as the bank’s consumer unit saw a 17% slide.Wall Street trading desks have benefited from active markets during the pandemic, and those results have propped up lending units that are grappling with …read more […]

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The Government of Ontario, Canadian Manufacturers & Exporters (CME), and BlackBerry Partner on Ontario's Economic Recovery

Ontario Made is a program managed by Canadian Manufacturers & Exporters (CME), in partnership with the Government of OntarioWATERLOO, Ontario, Oct. 14, 2020 /CNW/ — The Government of Ontario, Canadian Manufacturers & Exporters (CME), and BlackBerry Limited (NYSE: BB; TSX: BB), today announced a partnership to accelerate Ontario’s economic recovery, following the impact of the COVID-19 pandemic. …read more […]