Bank earnings give big bullish signal to investors, showing consumer is flush and spending

Whether it is better loan growth, credit-card signups, or economic indicators like unemployment, banks are back in expansion mode. Source link

Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Walgreens and more

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum … Read more

Cramer’s week ahead: Earnings season kicks off with the major banks

Wall Street wrapped another volatile week on Friday, but corporate earnings season kicks into gear next week and could bring some direction to the market. “The week recovered from an early sell-off and ended up strong enough to go into the head of earnings season with a decent head of steam, so let’s go there … Read more

As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy

Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven … Read more

Morgan Stanley beat earnings estimates as stock trading, investment banking top expectations

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 … Read more

Stocks making the biggest moves midday: Oatly, AMC, Lululemon, American Airlines and more

A pint of Oatly brand ice cream is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bank of America — Shares of the banking giant fell 3.7% after reporting quarterly … Read more

Stock futures mostly flat ahead of bank earnings

The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures fell 10 points, … Read more

Stock futures open mostly flat ahead of the kickoff of earnings season

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed … Read more

Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research

It’s the countdown to the second-quarter earnings season. The big banks dominate the calendar in coming days, with JPMorgan, Goldman Sachs, Citigroup and Bank of America all reporting on their recent quarter. Sam Stovall, chief investment strategist at CFRA Research, said investors should brace themselves — this one will be a doozy. “I think what … Read more