Pershing Square Inc.

Netflix shares rose 5.4% after Bill Ackman's Pershing Square disclosed a new stake in the streaming company. Tapestry shares plunged 16.5% after the company reported fourth-quarter 2026 revenues of $1.88 billion, missing the Zacks Consensus Estimate by 0.04%. Arcos Dorados Holdings shares rose 3% after the company reported second-quarter 2026 earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.15 per share. Accelerant Holdings shares climbed 43.4% after the company reported second-quarter 2026 earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.16 per share.

Pershing Square held its first earnings call as Pershing Square Inc., with CEO Bill Ackman outlining plans for a new venture fund and steps to improve trading in Pershing Square USA Ltd. shares. Ackman said the firm's first planned new vehicle, Pershing Square Ventures, is targeted for a fall or year-end launch and would invest across a broad range of private companies, operating as a permanent-capital vehicle. He also said Pershing Square USA Ltd., or PSUS, was about 95% invested after raising $5 billion, and the company intends to add investment-grade debt with a target capital structure of roughly 15% to 20% debt to total assets. Ackman acknowledged PSUS shares traded at a substantial discount to net asset value of approximately $50 per share, calling the trading performance 'absurd' and promising a more comprehensive marketing effort. The firm also discussed transforming Howard Hughes into a 'modern-day Berkshire Hathaway' through its insurance subsidiary Vantage, and continues to evaluate potential transactions for its special purpose acquisition rights company, SPARC.

Wall Street finished the week higher, with the benchmark S&P 500 hitting fresh all-time highs, and the State Street Financial Select Sector SPDR ETF (XLF) added 1.16% from the previous week to close at $57.60. Among megacap stocks, Banco Santander led the winners, adding 4.26% to $14.70 after receiving Federal Reserve approval for its acquisition of Webster Financial. Berkshire Hathaway gained ahead of its second-quarter earnings release, while HSBC Holdings led the decliners, pulling back 2.53% to $103.73 despite reporting strong first-half results and updating its full-year guidance to include a roughly $2 billion savings target from reorganization. In the large-cap gainers, Blue Owl Capital advanced 15.24% after closing its European net lease fund with €1.6 billion in capital commitments, exceeding its original target, and Pershing Square added 13.82% ahead of its quarterly earnings. On the losing side, Hut 8 retreated 17.69% after missing revenue estimates, while mid-cap UWM Holdings dropped 29.67% and Sezzle fell 23.74% even after boosting its full-year guidance.

The PNC Financial Services Group declared a quarterly cash dividend of $2.00 per share, an 18% increase from the prior $1.70, payable August 5, 2026 to shareholders of record July 20. Lindsay announced a regular quarterly cash dividend of $0.38 per share, a 3% increase from the previous $0.37, payable August 31 to holders of record August 17. Pershing Square declared its first quarterly cash dividend since its IPO, at $0.122 per share, payable July 21 to shareholders of record July 13. Terex declared a quarterly dividend of $0.17 per share, payable September 18 to stockholders of record August 11. Maximus approved a quarterly cash dividend of $0.33 per share, payable August 31 to shareholders of record August 14.

Pershing Square Inc. declared a quarterly dividend of $0.122 per share. The forward yield is 1.51%. The dividend is payable on July 21 to shareholders of record on July 13, with the ex-dividend date also on July 13.