Data from China, a Twitter hack, geopolitical tensions and worries about viruses are scaring investors out of stocks on Thursday, with more earnings and weekly unemployment claims ahead. Markets encouraged positive news about vaccines just a day earlier. The week has also seen the Nasdaq Composite COMP, + 0.59% wobble, …
Read More »
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 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 »
While Goldman Sachs (GS) – Get report Attracts Investor Attention on Wednesday, That Attention Will Soon Shift to Bank of America (BAC) – Get report on Thursday when the company reports earnings before trading begins. Bank of America follows others like Wells Fargo (WFC) – Get report and JPMorgan Chase …
Read More »
Text size A Delta Airlines plane is seen at the gate of Washington National Airport (DCA) on April 11, 2020 in Arlington, Virginia. Daniel Slim / AFP / Getty Images Wall Street is coming to the defense of Delta Air Lines, reiterating purchase recommendations after the airline reported second-quarter results …
Read More »