Bank of America shares close higher on Tuesday, first-quarter earnings exceed estimates as loan growth, cost cuts support

April 17, 2019
Bank of America shares close higher on Tuesday, first-quarter earnings exceed estimates as loan growth, cost cuts support

Bank of America Corp’s (BAC) first-quarter profit, reported on Tuesday, topped Wall Street estimates, as loan growth and lower expenses mitigated a slump in trading revenue. Bank of America shares closed higher for the ninth time in the past fourteen trading sessions in New York on Tuesday. The stock edged […]

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Citigroup shares close little changed on Monday, bank’s retail clients to be refunded for complex investment losses, ASIC says

April 16, 2019
Citigroup shares close little changed on Monday, bank’s retail clients to be refunded for complex investment losses, ASIC says

According to a statement by the Australian Securities and Investments Commission (ASIC) on Monday, over AUD $3 million will be refunded to retail clients by Citigroup Inc (C), as they incurred losses from complex investments offered by the Wall Street bank with no adequate financial advice. Citigroup shares closed lower […]

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Goldman Sachs shares fall the most in 16 1/2 weeks on Monday as first-quarter revenue shrinks, profit tops estimates on lower expenses

April 16, 2019
Goldman Sachs shares fall the most in 16 1/2 weeks on Monday as first-quarter revenue shrinks, profit tops estimates on lower expenses

Goldman Sachs Group Inc (GS) reported a drop in revenue in almost all of its key businesses during the first quarter on Monday. On the other hand, the bank’s quarterly earnings topped Wall Street estimates, supported by lower operating expenses and a surge in financial advisory revenue. Goldman Sachs shares […]

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J.P. Morgan shares gain the most in 37 1/2 months on Friday, first-quarter earnings surge past estimates as consumer banking loan growth supports

April 15, 2019
J.P. Morgan shares gain the most in 37 1/2 months on Friday, first-quarter earnings surge past estimates as consumer banking loan growth supports

J.P. Morgan Chase & Co’s first-quarter earnings, reported on Friday, exceeded Wall Street estimates, as, according to CEO Jamie Dimon, strong performance across the bank’s businesses has been buoyed by solid growth in the US economy, moderate inflation and strong business and consumer confidence. J.P. Morgan Chase shares closed higher […]

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Walt Disney shares gain the most in nearly 10 years on Friday, company prices its new video streaming service, Disney+, below Netflix’s standard offering

April 15, 2019
Walt Disney shares gain the most in nearly 10 years on Friday, company prices its new video streaming service, Disney+, below Netflix’s standard offering

Walt Disney Co’s shares registered their largest single-session gain and touched a record high on Friday after analysts appreciated the company’s move to price its new video streaming service below Netflix Inc’s standard offering. Disney+, Walt Disney’s streaming service, has been priced at $6.99 per month. In comparison, Netflix’s standard […]

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Apple shares close lower on Thursday, tech giant says 44 companies are now in its clean energy program

April 12, 2019
Apple shares close lower on Thursday, tech giant says 44 companies are now in its clean energy program

According to a statement by Apple Inc (AAPL) on Thursday, the number of suppliers, that use only clean energy for their production, has been almost doubled. Apple said that 44 companies were now in its clean energy program, including Taiwan Semiconductor Manufacturing Co Ltd, the supplier of the A-series chips […]

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US Steel shares fall for a sixth straight session on Thursday, steel giant double downgraded to “Underperform” at Bank of America Merrill Lynch

April 12, 2019
US Steel shares fall for a sixth straight session on Thursday, steel giant double downgraded to “Underperform” at Bank of America Merrill Lynch

Shares of United States Steel Corporation (X) plunged to lows not seen since October 2016 during Thursday’s session, after Bank of America Merrill Lynch double downgraded the stock from “Buy” to “Underperform”, while analyst Timna Tanners noted that the company had become the latest “Steelmageddon victim”. Bank of America Merrill […]

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Boeing shares fall for a fourth straight session on Wednesday, no new 737 MAX orders after groundings worldwide, company says

April 11, 2019
Boeing shares fall for a fourth straight session on Wednesday, no new 737 MAX orders after groundings worldwide, company says

Boeing Co (BA) said earlier this week that it had zero new orders for its 737 MAX line-up after a global grounding in March, while its total jet orders and deliveries dropped during the first quarter. Boeing shares closed lower for a fourth consecutive trading session in New York on […]

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Bank of America shares close lower on Tuesday, minimum hourly pay to be raised to $20 over two years

April 10, 2019
Bank of America shares close lower on Tuesday, minimum hourly pay to be raised to $20 over two years

According to a statement by Bank of America Corporation (BAC) on Tuesday, its minimum hourly wage is to be raised to $20 by the year 2021. From May 1st, the minimum pay will be raised to $17 per hour from $15 currently, the bank said. Bank of America shares closed […]

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US Steel shares fall the most in 36 weeks on Tuesday, Credit Suisse downgrades stock to “Underperform”, slashes price target

April 10, 2019
US Steel shares fall the most in 36 weeks on Tuesday, Credit Suisse downgrades stock to “Underperform”, slashes price target

Shares of United States Steel Corporation (X) registered their largest single-session loss in 36 weeks on Tuesday, after Credit Suisse revised down its rating on the stock from “Neutral” to “Underperform” and also slashed its 12-month price target from $21 to $13. The firm underscored that the US steel giant […]

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