Wells Fargo shares gain for a third straight session on Tuesday, bank to establish hub in Paris in line with Brexit strategy

October 17, 2018
Wells Fargo shares gain for a third straight session on Tuesday, bank to establish hub in Paris in line with Brexit strategy

According to an announcement by Wells Fargo & Company (WFC) on Tuesday, the bank has applied for an investment firm license in France, a move in line with its Brexit plan. Wells Fargo shares closed higher for a third consecutive trading session in New York on Tuesday. The stock went […]

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Bank of America shares close lower on Monday, quarterly earnings top expectations as loan growth, lower expenses support

October 16, 2018
Bank of America shares close lower on Monday, quarterly earnings top expectations as loan growth, lower expenses support

Bank of America Corp’s (BAC) quarterly earnings, reported on Monday, topped Wall Street estimates, supported by strong growth in loans as well as in net interest income. The US lender also benefited from lower operating expenses. Bank of America shares closed lower for the fifth time in the past nine […]

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Apple shares close lower on Monday, tech giant acquires Asaii, a music analytics start-up company

October 16, 2018
Apple shares close lower on Monday, tech giant acquires Asaii, a music analytics start-up company

According to a report by Axios over the weekend, citing sources with knowledge of the matter, Apple Inc (AAPL) has bought Asaii, a music analytics start-up firm, in a deal worth less than $100 million, as the tech giant seeks to enhance content recommendations to its music users. Apple shares […]

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Citigroup shares gain the most in three weeks on Friday, quarterly earnings top estimates driven by bond trading, consumer banking strength

October 15, 2018
Citigroup shares gain the most in three weeks on Friday, quarterly earnings top estimates driven by bond trading, consumer banking strength

Citigroup Inc’s (C) quarterly earnings, reported on Friday, outstripped Wall Street estimates, as the bank’s operating expenses dropped, while bond trading revenue and global consumer banking revenue rose. Citigroup shares closed higher for the sixth time in the past sixteen trading sessions in New York on Friday. It has also […]

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J.P. Morgan Chase shares fall for a fourth straight session on Friday as trading revenue shrinks, quarterly earnings beat on consumer banking strength

October 15, 2018
J.P. Morgan Chase shares fall for a fourth straight session on Friday as trading revenue shrinks, quarterly earnings beat on consumer banking strength

J.P. Morgan Chase & Co’s quarterly earnings, reported on Friday, topped Wall Street estimates, supported by higher net interest income and strong loan growth. However, J.P. Morgan’s quarterly trading revenue decreased. The Wall Street bank has benefited from the US tax code reform and a sound macroeconomic environment. J.P. Morgan […]

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Walmart shares fall for a second straight session on Thursday, retailer forms joint venture with Eko

October 12, 2018
Walmart shares fall for a second straight session on Thursday, retailer forms joint venture with Eko

According to a report by Reuters, citing a person familiar with the matter, Walmart Inc (WMT) intends to invest as much as $250 million in a joint venture with interactive video content developer Eko, as the retailer seeks to lure shoppers and improve customer engagement. Walmart shares closed lower for […]

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