Hot dog restaurant chain Portillo’s (NASDAQ:PTLO) held a successful initial public offering (IPO) in mid-October that raised $400 million, and that has put food in focus for many investors. Founded in 1963, Oak Brook, Illinois-based Portillo’s owns and operates 67 restaurants across nine U.S. states. The company sold 20 million shares at $20 apiece, and…

The market has decided that Aon (NYSE:AON), the British insurance conglomerate, goofed in merging with rival Willis Towers Watson (NASDAQ:WLTW) and AON stock paid the price. Source: Shutterstock Fortunately, the U.S. Justice Department got them off the hook. The two companies abandoned their plans in the wake of an antitrust lawsuit. In response Aon stock…

Bank stocks have done well during the pandemic. As of writing, almost all the banks have reported second quarter earnings. And the news continues to be good. Banks are reporting strong revenue and earnings as consumers unleash some of their pent-up demand. And for the last 18 months, the banks have had a friend in…

The benefits of merging BB&T and SunTrust to create Truist Financial (NYSE:TFC) are still trickling in more 18 months on, but TFC stock has had a pretty good year. Source: PopTika/ShutterStock.com Branches are being closed where the two banking systems overlap. Computer systems are still being combined (as I know, being a SunTrust customer). A “robo-advisor”…

After posting strong earnings results for the second quarter, investors “sold the news” with bank stocks. Fearful of these results being the product of a booming financial economy on the wane, it makes sense why the market decided to take profit with this sector, which has rallied tremendously since the start of the Covid-19 vaccine…