Earnings
IBM second-quarter results beat on top and bottom lines
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images IBM issued second-quarter results on Monday that were better than expected. However, the stock dropped in extended trading after the company trimmed its forecast for cash flow. […]
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Stocks making the biggest moves midday: Goldman Sachs, Delta, Boeing, Tesla and more
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs – The bank stock jumped 3% after the company posted […]
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Stocks making the biggest moves in the premarket: Goldman Sachs, Synchrony Financial, Coinbase and more
Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman gained 2.6% in premarket trading, following upbeat profit and revenue. Second-quarter earnings came in at $7.73 per share, compared to a consensus estimate of $6.58 a share. Goldman’s profit dropped from a year ago, however, as the pace […]
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Bank of America tops expectations on revenue as lender benefits from higher interest rates
Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America on Monday posted mixed second-quarter results that included the benefit from rising interest rates and about $425 million in expenses […]
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Goldman Sachs is set to report second-quarter earnings —here’s what the Street expects
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $6.58 per share, according to Refinitiv Revenue: $10.86 billion, 29% lower than a year earlier. […]
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Argus downgrades Delta citing weak outlook following second-quarter earnings
Argus downgraded shares of Delta Air Lines to hold from buy, citing weaker-than-expected quarterly earnings and a less-than-stellar outlook. Shares of the Atlanta-based carrier have shed nearly 24% year-to-date through Thursday’s close. While Delta benefited from the rollback in Covid-19 travel restrictions and increased demand for international flights, it’s also been hit by capacity reductions […]
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Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 4%
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that beat analysts’ expectations for profit and revenue as the firm benefited […]
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Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Pinterest and others
Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance at its Optum health care services unit. Wells Fargo […]
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Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop 3%
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the firm set aside funds for bad loans and was stung by declines in its equity holdings. Here are the numbers: Earnings per share: 74 cents, including an 8 cent per share […]
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Investing on the graveyard shift: Two new ETFs look to capture the ‘night effect’
Two new ETFs out this summer are working the overnight shift. The NightShares 500 [NSPY] and NightShares 2000 ETFs [NIWM] are doing something no ETF has done before: Take advantage of the so-called “night effect.” According to NightShares CEO Bruce Lavine, stocks bought at the market close and sold when markets open again in the […]
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