April 23, 2020 9:25 am
AT&T Inc’s (T) first-quarter revenue and earnings, reported on Wednesday, missed Wall Street estimates, as the impact of the coronavirus pandemic weighed on business performance. The telecoms company pulled its full-year earnings forecast. AT&T shares closed lower for a third consecutive trading session in New York on Wednesday. The stock went down 1.34% ($0.40) to […]
Read moreApril 23, 2020 6:44 am
An investigation into Boeing Co’s (BA) bid to acquire the commercial aviation unit of Brazilian plane maker Embraer has been resumed by the European Commission, a filing revealed earlier this week. A decision is expected by August 7th. The regulator put the investigation on hold on February 24th, as it expected the information it had […]
Read moreApril 22, 2020 9:45 am
Lockheed Martin Corp’s (LMT) first-quarter results, reported on Tuesday, exceeded Wall Street estimates, supported by stronger sales in its aeronautics division. Despite that first-quarter earnings were not influenced, Lockheed said it was “beginning to experience some issues in each of its business areas related to COVID-19.” Lockheed Martin shares closed lower for a second consecutive […]
Read moreApril 22, 2020 6:14 am
A SEC filing earlier this week revealed that General Electric Co (GE) had entered into a revolving credit agreement for $15 billion. The new agreement is scheduled to mature on April 17th 2023. General Electric shares closed lower for a second consecutive trading session in New York on Tuesday. The stock went down 0.46% ($0.03) […]
Read moreApril 21, 2020 8:36 am
Credit Suisse downgraded Walt Disney Co (DIS) from “Outperform” to “Neutral”, as weakness in the company’s theme parks business may offset strong performance of its streaming business. The bank also cut its 12-month price target on the stock from $140 to $116 and its full-year 2020 earnings forecast to $1.67 per share from $2.25 per […]
Read moreApril 20, 2020 7:57 am
Goldman Sachs on Friday revised down its rating on Apple Inc (AAPL) to ”Sell”, as the bank said it projected a 36% decrease in iPhone shipments during Apple’s fiscal third quarter ending in June. The bank cited lockdowns across the globe due to the coronavirus pandemic. Goldman also revised down its 12-month price target on […]
Read moreApril 17, 2020 8:33 am
BlackRock Inc’s (BLK) assets under management were reported to have decreased to $6.47 trillion during the first quarter from $7.43 trillion at the end of Q4 2019, as financial markets were roiled by concerns over the economic fallout of the coronavirus pandemic, while investors looked to de-risk. BlackRock shares closed higher for the sixth time […]
Read moreApril 16, 2020 9:38 am
Bank of America Corp’s (BAC) first-quarter earnings, reported on Wednesday, registered a 48.5% slump, since the Wall Street bank set aside $3.6 billion in credit loss provisions as a result of the coronavirus pandemic. Bank of America shares closed lower for a third consecutive trading session in New York on Wednesday. It has also been […]
Read moreApril 16, 2020 8:04 am
UnitedHealth Group Inc’s (UNH) quarterly revenue and earnings, reported on Wednesday, exceeded Wall Street estimates, supported by strength across its businesses. UnitedHealth shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest single-session gain since April 8th. The stock went up 4.13% ($11.18) to $281.68, […]
Read moreApril 15, 2020 8:17 am
Wells Fargo & Co’s (WFC) first-quarter earnings, reported on Tuesday, registered a sharp year-on-year drop, since the Wall Street bank set aside $3.83 billion in credit loss provisions as a result of the coronavirus pandemic. That compares with $845 million in provisions in the same quarter a year ago. Wells Fargo shares closed lower for […]
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