Category : USA

Co-President Daniel Pinto of JPMorgan Chase & Co (NYSE: JPM) had one of the best seats for the European soccer Super League that collapsed within days. The investment bank financially supported the breakaway soccer project that later met with widespread condemnation from fans and clients. Pinto said in his interview on 20th April: Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “We were expecting this to be emotional. I don’t think there is a reputational damage here. We arranged a loan for a client. It’s not our place to decide the readmore

American Express Co. (NYSE: AXP) said on Friday that its revenue in the fiscal first quarter fell shy of Wall Street estimates due to the COVID-19 restrictions. American Express shares that you can learn to buy online here slid roughly 4% in premarket trading on Friday but regained almost half of the intraday loss on market open. Including the price action, the stock is now exchanging hands at £104.15 per share. In comparison, it had started the year 2021 at a lower £85.12 per share. American Express Q1 financial results versus analysts’ estimates Are you looking for fast-news, hot-tips and market analysis? Sign-up for readmore

PNC Financial Services Group Inc. (NYSE: PNC) said on Friday that it topped analysts’ estimates for earnings and revenue in the fiscal first quarter. PNC Financial shares were reported about 1.5% up in premarket trading on Friday and gained another 1% on market open. Including the price action, the stock is now exchanging hands at £129.69 per share. The price action should come in handy if you’re interested in investing in the stock market. PNC Financial’s Q1 results versus analysts’ estimates Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. PNC Financial reported £1.32 billion of readmore

Bank of New York Mellon Corp. (NYSE: BK) published its earnings report for the fiscal first quarter on Friday that came in better than what analysts had anticipated. Its profit and revenue, however, was weaker than the same quarter last year due to low-interest rates. Bank of New York Mellon shares were reported about 2.5% down in premarket trading on Friday. Including the price action, the stock is now exchanging hands at £34 per share versus a year to date low of £28.87 per share in the last week of January. In comparison, BNY Mellon had started the year 2021 at a per-share price readmore

Bank of America Corp. (NYSE: BAC) said on Thursday that its profit more than doubled in the fiscal first quarter. On the back of hawkish performance that it attributed to lower credit costs and robust growth in capital markets, the investment bank authorised a stock buyback programme worth £18.12 billion. Bank of America shares remained almost flat in premarket trading on Thursday. The stock is currently exchanging hands at a per-share price of £29.17. In comparison, it had started the year 2021 at £21.77 per share after recovering from a low of £14.26 per share in March 2020. Bank of America’s Q1 financial results versus readmore

Citigroup Inc. (NYSE: C) said on Thursday that its profit jumped to a record high in the first quarter on the back of £1.30 billion of credit reserve releases. The investment bank beat Wall Street estimates for earnings and revenue in Q1. Citigroup shares were reported about 2.5% up in premarket trading on Thursday. Including the price action, the American multinational is now exchanging hands at £54.10 per share. In comparison, the stock had started the year at £43.59 per share after recovering from a low of £27.17 per share in the first week of April 2020, when the impact of the COVID-19 crisis was at readmore

Wells Fargo & Co (NYSE: WFC) published its earnings report for the fiscal first quarter on Wednesday that beat Wall Street estimates. The company attributed its hawkish performance partially to £1.16 billion of credit reserve releases.   Wells Fargo shares were almost flat in premarket trading on Wednesday. The stock is currently exchanging hands at £28.94 per share. In comparison, the American multinational financial services firm had started the year 2021 at a per-share price of a lower £21.59. Wells Fargo Q1 financial results versus analysts’ estimates Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Wells Fargo reported £3.45 readmore

Goldman Sachs Group Inc. (NYSE: GS) said on Wednesday that its profit and revenue jumped to a record high in the fiscal first quarter to beat market expectations by a significant margin. Goldman Sachs shares were reported about 1.5% up in premarket trading on Wednesday. Including the price action, the stock is now exchanging hands at £242 per share. In comparison, it had started the year at £192.60 per share after recovering from a low of £100 per share in March 2020, when the COVID-19 crisis was at its peak. Goldman Sachs’ Q1 financial results versus analysts’ estimates Are you looking for fast-news, hot-tips and readmore

Activist investor Carl Icahn said on Sunday that Icahn Enterprises LP (NASDAQ: IEP) will name Aris Kekedjian as its new CEO. Kekedjian had the role of Chief Investment Officer at the U.S. conglomerate until 2019 and has also served at General Electric in the past as a co-executive. Icahn Enterprises is currently trading at a per-share price of £39.66. In comparison, the stock had started the year at £37.56 per share after recovering from a low of £30.26 per share in March 2020, when the impact of the ongoing COVID-19 crisis was at its peak. If you want to invest in the stock market readmore