Goldman Sachs shares close lower on Tuesday, second-quarter earnings top estimates as investment banking, fixed income trading support

July 18, 2018
Goldman Sachs shares close lower on Tuesday, second-quarter earnings top estimates as investment banking, fixed income trading support

Goldman Sachs Group Inc’s (GS) second-quarter earnings, reported on Tuesday, exceeded market expectations due to strength in investment banking as well as in fixed income trading. Goldman Sachs shares closed lower for the fourth time in the past nine trading sessions in New York on Tuesday. The stock edged down […]

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United Air shares gain for a third straight session on Monday, air carrier orders four Boeing 787 wide-body jets

July 17, 2018
United Air shares gain for a third straight session on Monday, air carrier orders four Boeing 787 wide-body jets

According to an announcement by United Continental Holdings Inc (UAL) on Monday, the air carrier intends to purchase four new 787-9 wide-body jets from Boeing Company (BA), as it seeks to bolster the efficiency of its fleet. The third-largest US airline said it expected to have the aircraft delivered in […]

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Bank of America shares gain the most since late March on Monday, second-quarter earnings top estimates on stronger consumer lending

July 17, 2018
Bank of America shares gain the most since late March on Monday, second-quarter earnings top estimates on stronger consumer lending

Bank of America Corp’s second-quarter earnings, reported on Monday, surpassed market expectations, supported by sound loan growth, lower expenditures and a macroeconomic environment of lower corporate tax rates and higher interest rates. Bank of America shares closed higher for the fifth time in the past eight trading sessions in New […]

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JP Morgan Chase shares close lower on Friday, quarterly earnings top estimates as trading revenue, loan growth support

July 16, 2018
JP Morgan Chase shares close lower on Friday, quarterly earnings top estimates as trading revenue, loan growth support

JP Morgan Chase & Co’s (JPM) second-quarter earnings, reported on Friday, outstripped market expectations, since the group’s trading revenue turned out to be much stronger than anticipated, while an expanding US economy bolstered demand for loans. JP Morgan Chase shares closed lower for the third time in the past seven […]

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Boeing shares gain for a second straight session on Friday, company to take $124 million charge associated with production facility sale

July 15, 2018
Boeing shares gain for a second straight session on Friday, company to take $124 million charge associated with production facility sale

According to a statement by Boeing Company (BA) on Friday, the plane maker expects to take a charge of $124 million (or $0.21 per share) during the second fiscal quarter, which is associated with the sale of production facilities to Spirit Aerosystems. Boeing shares closed higher for a second consecutive […]

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Citigroup shares close lower on Friday, quarterly earnings top expectations as consumer banking supports, revenue misses

July 14, 2018
Citigroup shares close lower on Friday, quarterly earnings top expectations as consumer banking supports, revenue misses

Citigroup Inc’s (C) second-quarter earnings outstripped market expectations, supported by a stronger performance in consumer banking in Mexico, North America and Asia. Results were also influenced by the lower income tax rate and higher demand for loans amid growing US economy. Citigroup shares closed lower for the third time in […]

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