Just like airline corporations use oil futures to hedge towards the volatility in gas prices, they are going to quickly have the ability to do the identical with the swings in ticket fares, which fluctuate drastically throughout holidays, occasions and totally different climate. The London-based platform Skytra will allow airways to handle its […]
Tag: Breaking News: Investing
Stocks appear detached from reality, rallying in anticipation of two things that may not happen
The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500’s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these […]
Morgan Stanley Earnings Q4 2019
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to […]
Goldman Sachs dumped its entire stake in Uber late last year
Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped the bank beat […]
Bank of America (BAC) earnings Q4 2019
The financial institution posted fourth-quarter revenue of $7 billion, a 4% decline from a 12 months earlier, or 74 cents a share, which was an surprising 6% improve helped by a discount in excellent shares. That determine exceeded the 68 cent estimate of analysts surveyed by Refinitiv. Revenue fell 1% to $22.5 billion, edging out […]
JP Morgan Chase (JPM) earnings Q4 2019
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase posted profit that exceeded analysts’ expectations on a surge in fourth-quarter trading revenue. is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $2.35 […]
JP Morgan kicks off bank earnings, but all eyes on guidance
Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York. Eric Thayer | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about […]
Goldman Sachs launches Marcus mobile app
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of its Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on […]
Five biggest stocks dwarfing the market at ‘unprecedented’ level
It’s no secret that a handful of tech giants have been dominating the stock market, but their leadership has reached a level that is raising eyebrows on Wall Street as being unsustainable. The top five U.S. companies — Apple, Microsoft, Alphabet, Amazon and Facebook — now make up 18% of the total market capitalization of […]
Wall Street strategists recommend stable dividend-paying investments
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year, leading a growing cohort of Wall Street strategists to recommend stable dividend-paying investments. Favorite names […]