PACS Group gears up for $400 million IPO. Here’s all you need to know

After a slow start to the year, the IPO market is witnessing a rush of tech and healthcare companies seeking to go public, taking a cue from the upbeat investor sentiment. It is estimated that the market is on the road to recovery, ending the two-year-long slowdown. PACS Group, Inc., which operates post-acute care facilities

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

Record-High Wednesday – Dow 33,600, S&P 4,140, Nasdaq 14,000

Bank earnings are good.   Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults. 

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