February 13, 2019 10:49 am
Under Armour Incs (UAA) fourth-quarter revenue, reported on Tuesday, outstripped Wall Street estimates, as the athletic apparel maker sold fewer products at a discount and more items at full price during the holiday shopping season. Under Armour shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been […]
Read moreFebruary 13, 2019 8:25 am
According to a statement by Goldman Sachs Group’s Chief Executive Officer David Solomon on Tuesday, the Wall Street bank strives to expand its mid-sized corporate clientèle over the upcoming several years. Goldman Sachs shares closed higher for the fifth time in the past twelve trading sessions in New York on Tuesday. It has also been […]
Read moreFebruary 12, 2019 10:29 am
J.P. Morgan raised on Monday its price target on Boeing Co (BA) from $425 to $450, as it highlighted an improved free cash flow outlook. At the same time, the bank reiterated its “Overweight” rating on the plane makers stock. Boeing shares closed lower for a third consecutive trading session in New York on Monday. […]
Read moreFebruary 12, 2019 8:15 am
Yesterday Bernstein downgraded NVIDIA Corporation (NVDA) from “Outperform” to “Market Perform”, citing severe challenges to growth for the technological company and prospects of continuously rising “headline risk”. Bernstein has assigned a price target of $175 on the stock. NVIDIA shares closed lower for the fourth time in the past fourteen trading sessions on NASDAQ on […]
Read moreFebruary 11, 2019 10:44 am
Sanaz Zaimi has been appointed as head of Bank of America Merrill Lynch’s new EU broker-dealer unit, BofA Securities Europe, based in Paris, the Wall Street bank said on Friday. The announcement comes at a time, when major banks seek to continue providing services to customers in Europe after Britain parts ways with the European […]
Read moreFebruary 11, 2019 8:11 am
According to a statement by Boeing Co on Friday, the KC-46A aerial refueling tanker program for the US Air Force brought reach-forward losses of $2.31 billion for the plane maker over 2016, 2017 and 2018. Boeing also said the total pre-tax cost of the program reached $3.6 billion. Boeing shares closed lower for a second […]
Read moreFebruary 8, 2019 10:34 am
Foot Locker Inc (FL) said on Thursday that it intended to make a $100 million strategic minority investment via its subsidiary in 1661, Inc. (doing business as GOAT), a marketplace for authentic sneakers that operates the GOAT and Flight Club brands (the so called “GOAT Group”). The investment is to help GOAT Group accelerate its […]
Read moreFebruary 8, 2019 8:17 am
According to a statement by BB&T Corporation (BBT) on Thursday, it intends to acquire SunTrust Banks Inc in an all-stock deal valued at $28.24 billion, which as a result, would create the sixth largest bank in the United States in terms of assets and deposits. The deal is expected to be finalized during the fourth […]
Read moreFebruary 7, 2019 9:06 am
General Motors Companys (GM) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates due to strong sales of high-margin pickup trucks and crossovers in the United States coupled with cost-reduction efforts. The auto maker also kept its full-year 2019 profit forecast unchanged. General Motors shares closed higher for a third consecutive trading session in New […]
Read moreFebruary 6, 2019 11:10 am
Boeing Co (BA) announced on Tuesday a “significant investment” in Aerion, a supersonic business jet developer, amid rising demand for high-end aircraft. Financial details of the agreement, however, were not disclosed. Boeing shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge since […]
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