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Bank of America"s 4th-quarter profit beats expectations, but revenue drops 10% as low interest rates hurt its consumer banking division

The second-biggest US lender posted a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share. Brian Moynihan, CEO of Bank of America. Bobby Yip/Reuters Bank of America po.....»»

Category: worldSource: nytJan 19th, 2021

Truist lowers Alibaba SOTP valuation but believes that break-up is unlikely

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 29th, 2020

A second, possibly more infectious coronavirus variant from South Africa has been found in the UK, health minister says

Health Secretary Matt Hancock called the new variant "highly concerning." Viruses typically mutate, and variants are not necessarily more harmful. UK Health Secretary Matt Hancock. REUTERS/Simon Dawson/Pool The UK has found a sec.....»»

Category: topSource: businessinsiderDec 23rd, 2020

Apple Added More Gains In A Day On EV Rumors Than GM"s Entire Valuation

Apple Inc.’s (NASDAQ: AAPL) shares surged 2.85% in Tuesday’s regular trading session after a Reuters report said the Cupertino-based company planned to launch electric vehicles in 202 read more.....»»

Category: blogSource: benzingaDec 22nd, 2020

Exclusive: IKEA"s shopping malls arm Ingka Centres plans U.S. entry in major play

IKEA's shopping malls business, one of the world's biggest, is looking to enter the United States in the next couple of years and is in talks to snap up central properties in major cities, its boss told Reuters......»»

Category: topSource: reutersMay 14th, 2020

Billionaire investor David Tepper says the stock market is the most overvalued in history, barring the tech bubble (AMZN, FB, GOOGL)

Reuters Billionaire investor David Tepper said the current valuation of the stock market is the second highest he's ever seen, just behind 1999.  In an interview on CNBC's Halftime Report on W.....»»

Category: topSource: businessinsiderMay 13th, 2020

Juul lowers internal valuation 35% to $13B, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 8th, 2020

Juul lowers internal valuation 35% to $13B, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 8th, 2020

Lyft fends off coronavirus fears to top Wall Street expectations (LYFT)

REUTERS/ Mike Blake Lyft .....»»

Category: topSource: businessinsiderMay 6th, 2020

Economists forecast another 3 million Americans filed for unemployment last week

Reuters Economists forecast that 3 million Americans filed for unemployment insurance in the week ending May 2, according to Bloomberg data.  If the Thursday report comes in near expectations, it would be the fifth week in a row of .....»»

Category: topSource: businessinsiderMay 6th, 2020

TD downgrades Thomson Reuters on valuation following BMO upgrade

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 6th, 2020

Falling iPhone sales bring Apple"s Q2 revenue billions below its initial expectations – but its bets on wearables and services are paying off (AAPL)

Yves Herman/Reuters Apple reported revenue of $58.3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street's muted expectations.  Apple's iPhone revenue .....»»

Category: topSource: businessinsiderApr 30th, 2020

3M’s stock surges on earnings beat, that was nearly 20 years in the making

Shares of 3M Co. surged Tuesday, after the maker of highly sought after N95 face masks reported first-quarter earnings that beat expectations, showing that preparation and patience pays off......»»

Category: topSource: marketwatchApr 28th, 2020

Cash is nice in a crisis, but Netflix is stockpiling content (NFLX, SNAP)

Reuters Hi everyone, welcome back to Trending, Business Insider Prime's weekly newsletter of the latest tech industry developments. I'm Alexei.....»»

Category: topSource: businessinsiderApr 22nd, 2020

Snap stock surges 20% after sales beat expectations withered by coronavirus as ad growth slows

Snap Inc. shares shot higher in the extended session Tuesday after Snapchat’s parent company revealed advertising revenue rose above estimates that were diminished by fears of the spread of COVID-19......»»

Category: topSource: marketwatchApr 21st, 2020

Snap"s ad business defied coronavirus fears in Q1 and its stock is popping (SNAP)

Getty Snap, Snapchat's parent company, beat analysts' expectations for Q1 2020, sending stock soaring 18%. The company reported stronger-than-expected numbers for revenue and daily active users. Snap i.....»»

Category: topSource: businessinsiderApr 21st, 2020

Snap stock surges 20% after sales beat expectations withered by coronavirus

Snap Inc. shares shot higher in the extended session Tuesday after Snapchat’s parent company revealed advertising revenue rose above estimates that were diminished by fears of the spread of COVID-19......»»

Category: topSource: marketwatchApr 21st, 2020

Lockheed Martin’s 1st-Quarter Results Soar Above Expectations

Aerospace and defense company lowers full-year revenue outlook due to coronavirusRelated Stocks: LMT, RTX, BA, NOC, LHX,.....»»

Category: blogSource: gurufocusApr 21st, 2020

LendingTree lowers Q1 sales expectations

LendingTree Inc. late Tuesday dialed down quarterly expectations in face of impact from the coronavirus pandemic. The online lending marketplace said it expect.....»»

Category: topSource: marketwatchApr 14th, 2020

Airbnb is reportedly paying a steep 10% interest on the debt it just raised in its $1 billion funding and its valuation is nearly half what it was in 2017

Stephen Lam/Reuters Airbnb will pay more than 10% in interest on the additional funding it just secured from Silver Lake and Sixth Street Partners, The Wall Street Journal reported Tuesday. The investors were also offered warrants that can conver.....»»

Category: topSource: businessinsiderApr 7th, 2020