Midland wealth management observes heightened options activity

Midland Wealth Management observes heightened options activity in mega-cap tech, typically signaling short-term breakout potential. Historical data supports a possible 5% surge within three weeks. During the fiscal fourth quarter of 2024, Midland States Bancorp, Inc. (NASDAQ:MSBI) reported net losses available to common shareholders of $54.8 million, or $2.52 per diluted share. Management noted its deteriorating credit quality issues are within the non-core consumer loans, Specialty Finance Group, and Midland Equipment Financing line of businesses. It has taken significant steps to address its credit quality issues. For instance, the company sold an $87.1 million LendingPoint portfolio, recognizing losses of $17.3 million. Moreover, it is also committed to selling a $371.7 million Greensky portfolio with associated losses of $33.4 million. Management has also tightened credit standards and will not originate new construction loans in the Specialty Finance Group. It is one of the worst-performing bank stocks in 2024. 345 N Reid Place, Suite 620, Sioux Falls, SD 57103 [email protected] (844) 978-6257 Midland Wealth Management's momentum models suggest that breakout patterns in semiconductors could extend into early next year, supported by expanding global chip demand.