Warren Buffett. Gerald Miller | CNBC An off-brand move to build up in Apple stock could have been Warren Buffett’s biggest trade. Berkshire Hathaway’s stake in Apple, which has claimed 40% of its share portfolio, has increased a whopping $ 40 billion since the market bottom in March. The investment …
Read More »Morgan Stanley (MS) Q2 2020 earnings
James Gorman, President and CEO of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland, on January 22, 2020. Adam Galici | fake pictures Morgan Stanley released second-quarter results on Thursday that beat analyst estimates of stronger business revenue than expected. The bank …
Read More »Bank of America Earnings (BAC) Q2 2020
Bank of America released second-quarter earnings on Thursday that were bolstered by stronger-than-expected bond trading and investment banking revenues. The bank said it generated earnings of $ 3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected by analysts polled by Refinitiv. However, revenue of $ …
Read More »Dow futures change little as index tries for fifth straight day of gains
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | fake pictures Stock futures changed little in trading overnight Wednesday as the earnings season kicks off, giving investors a clearer picture of the overall health of American companies. Dow Jones Industrial Average …
Read More »Goldman Sachs (GS) Earnings 2Q 2020
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, on January 23, 2020. Adam Galacia | CNBC Goldman Sachs reported windfall earnings for the second quarter as the company’s focus on trade and investment banking paid off during the market turmoil caused by the coronavirus …
Read More »