T-Mobile US saw a surge in institutional investment and reported strong earnings, outperforming AT&T.

T-Mobile US saw increased investment from multiple firms in the third quarter, with institutional investors now owning 42.49% of the stock. Point72 Europe London LLP acquired 51,200 shares, and other firms like KPP Advisory Services LLC and Vinva Investment Management Ltd also boosted their stakes. T-Mobile reported strong earnings of $2.61 per share, exceeding expectations, and announced a quarterly dividend of $0.88 per share. Meanwhile, AT&T, facing fewer investments, reported a smaller earnings beat of $0.60 per share.

November 30, 2024
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