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Citigroup shares were up about 0.8% in premarket trading after the bank posted strong first-quarter profits, beating analyst expectations for both earnings per share and revenue. The bank brought in $21.4 billion in revenue versus expectations of $19.9 billion. Earnings per share were $2.19, es...
Market sentiment is often seen as a contrarian indicator. That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa. Part of that reasoning is because investors, and in turn market sentiment, aren’t alwa...
As the stock market is plummeting, this stock is up 12% From CNN Business' David Goldman There aren’t many ways you could have made money in the stock market today. Cabot Oil & Gas (COG) appears to be one. The natural gas exploration company’s stock is up 12% Monday. It’s the...
Large market swings hurt dealmaking this quarter, the bank reported. Investment-banking fees fell by 54%, more than the 47% predicted by analysts. Shares of JPMorgan’s stock fell by about 3% in premarket trading on Thursday and are down 29% this year. ...
The company’s shares fell more than 2% in premarket trading. Its net profits totaled $4.9 billion, down nearly 16% from the same period last year. All business units aside from global markets brought in less revenue and net profit in the third quarter. 8:19 p.m. 6:56:27, O...
The company’s sales did top forecasts, but it’s unclear what demand will be like for the rest of the year – especially since the housing market is expected to cool off. Shares of Home Depot (HD) were down in premarket trading. Rival Lowe’s (LOW), which reports earnings Wednesday...
The decision to restart production comes as airlines have seen demand for air travelcome to a virtual halt. Airlines are grounding many of the jets they already own as they slash their schedules by 70% to 90%. Shares soarednearly 10% in premarket trading....
One issue, however, is that governments and central banks were able to throw massive amounts of money at the problem in 2008. That may not be as effective this time around. President Donald Trump said Monday he would press for a payroll tax cut, but if people are staying at home, the...
One issue, however, is that governments and central banks were able to throw massive amounts of money at the problem in 2008. That may not be as effective this time around. President Donald Trump said Monday he would press for a payroll tax cut, but if people are staying at home, the...