April 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 […]
Read moreApril 14, 2020 9:27 am
Bank of America revised down its rating on Caterpillar Inc (CAT) to “Underperform” from “Neutral”, as it pointed out that CAT’s weaker energy business was “a problem that is not going away.” The bank has assigned a 12-month price target of $115 on the stock. Caterpillar shares closed lower for a second consecutive trading session […]
Read moreApril 14, 2020 7:20 am
According to a SEC filing published last week, Facebook Inc (FB) spent $23.4 million to cover security and private air travel costs of its Chief Executive Mark Zuckerberg in 2019. That compares with nearly $20 million spent in 2018 and $9.1 million spent in 2017. The CEO’s annual salary was still $1 in 2019. Facebook […]
Read moreApril 13, 2020 8:36 am
Clearwater Paper Corp (CLW) said last week that Michael Murphy had been appointed as Senior Vice President and Chief Financial Officer, effective April 13th. Murphy will succeed Robert (Bob) Hrivnak who is to part ways with Clearwater. Clearwater Paper shares closed higher for a fourth consecutive trading session in New York on Thursday. The stock […]
Read moreApril 10, 2020 9:16 am
According to a report by Reuters, citing China’s state media, Costco Wholesale Corp (COST) intends to establish a new store in the eastern Chinese city of Suzhou. Costco shares closed lower for the fifth time in the past ten trading sessions on NASDAQ on Thursday. It has also been the steepest single-session loss since March […]
Read moreApril 10, 2020 7:01 am
Citigroup Inc (C) said earlier this week that interns would be offered full-time positions. The bank also said that the new class of summer internship program would be delayed to July 6th due to the coronavirus pandemic. Citigroup shares closed higher for a fourth consecutive trading session in New York on Thursday. The stock went […]
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