Text size Stock in Visa was up nearly 9% on Friday morning. Roy Rochlin/Getty Images Visa stock achieved its biggest bounce in nearly two years as investors responded to surprisingly strong financial ...
Tag: Financials
Blackstone Profits Nearly Double as Total Assets Set Quarterly Record
Text size Signage outside the Blackstone headquarters in New York. Angus Mordant/Bloomberg Shares of Blackstone rose Thursday after total assets at the world’s biggest alternative asset manager rose t...
American Airlines announces its fourth-quarter financials for 2021
American Airlines Group (NASDAQ: AAL) reported a $9.4 billion revenue in the fourth quarter of 2021. The net loss in the same quarter came to around $931 million, representing $1.44 per share. When ne...
Rocket Is a ‘Clear Industry Leader.’ The Stock is Upgraded Twice.
Text size A pedestrian wearing a protective mask passes in front of Rocket Companies Inc. signage displayed on The Chase Towers building, home to Quicken Loans, in Detroit, Michigan Emily Elconin/Bloo...
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
Silvergate down 10% after announcing fourth-quarter financials for 2021
Silvergate Capital Corporation (NYSE: SI) went down 10% after Silvergate Bank, its wholly-owned subsidiary, announced its fourth-quarter financials for 2021. Financial highlights The company reporte...
Credit Suisse Chairman Quits After Breaching Covid-19 Rules
Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...
Wells Fargo Stock Rises as Earnings Easily Top Estimates
Text size Wells Fargo bank David Paul Morris/Bloomberg Wells Fargo shares got a boost early Friday after the bank’s fourth-quarter earnings easily topped Wall Street’s expectations. Profits at the San...
Citi to sell consumer banking operations to UOB in Malaysia, Indonesia
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam...
Virtu Financials Targeted in Crypto Scams
Virtu Financial, Inc. (NASDAQ: VIRT), which is an electronic market maker, issued a public warning on Monday, alarming against the cryptocurrency scams that are fraudulently claiming to be Virtu affil...
What Apex Financial’s Baker expects from the market this year
The S&P 500 index is off to a good start this year, but Apex Financial’s Lee Baker says it’s unlikely the benchmark will rally as strongly in 2022 as it did last year. Baker’s re...
Oppenheimer Holdings is cheap and should rally with the financials
Teladoc Health: “Too much competition in that business. Don’t want to own it.” Qualtrics International: “This company had a major upside surprise. It’s doing incredibly w...
Stock Futures Rise and Tesla Surges as a New Trading Year Begins
Text size A Wall Street sign outside the New York Stock exchange (NYSE) at Wall Street on November 30, 2020 in New York City. ANGELA WEISS/AFP/Getty Images Stock futures were rising Monday, suggesting...
Buy Now, Pay Later Comes of Age. Affirm Is the Standout in the Space.
Text size Affirm Holdings Inc. website home screen on a laptop Gabby Jones/Bloomberg Shares of Affirm Holdings were surging Friday after the online payments company received an upgrade to Buy from ana...