David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $3.78 per share, a 35% decline from a year earlier, according to Refinitiv. Revenue: $9.75
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A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut. Daniel Acker | Bloomberg | Getty Images With nearly half of the S&P 500 declining to provide earnings guidance, simple verbal commentary from a CEO or CFO —whether in a quarterly earnings press
A shopper walks with bags of purchases in New York. John Lamparski | SOPA Images | Getty Images Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect
For anyone that has lived through the Great Recession – or watched the film The Big Short – the words leverage and mortgages in combination tends to at least raise eyebrows, if not send involuntary shudders. And sure enough, MFA Financial (NYSE:MFA), which specializes in leveraged mortgage-backed securities, has been one of the worst-hit companies
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Check out the latest Zacks Personal Finance 101 video for the key differences between single and married withholding.
The recession caused by the COVID-19 pandemic has been a jarring shift from the economic stability and bull market of the past decade. Yet many financial firms are continuing to find ways to connect with clients and serve their needs. In a recent webinar with the Financial Communications Society, Jaime Kalfus, head of Global Brand
On a day when JPMorgan (NYSE:JPM) reported blowout second quarter earnings and Wells Fargo (NYSE:WFC) reported dismal second quarter numbers, Citigroup (NYSE:C) split the difference and reported mixed numbers that were still broadly good enough to warrant buying Citigroup stock to play a second-half of 2020 U.S. economic recovery. Source: TungCheung / Shutterstock.com Big picture,
Charles Scharf Michael Nagle | Bloomberg | Getty Images Wells Fargo on Tuesday posted its first quarterly loss since the financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank had a net loss of $2.4 billion in the second quarter, or a loss of $0.66
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Sirius XM — Shares of Sirius XM climbed 2% in extended trading after its Board of Directors declared a quarterly cash dividend of $0.01331 per share of common stock. The dividend is payable in cash on Aug. 31 to stockholders
To say that Lemonade (NYSE:LMND) has gotten off to a hot start after its initial public offering (IPO) is the definition of an understatement. The digital insurance company has seen its shares climb over $90 per share off an initial IPO price of $29 per share. Source: Piotr Swat / Shutterstock.com Stocks are notoriously volatile
Stocks started off under pressure on Tuesday, but found their footing as earnings season gets underway. With that in mind, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: JPMorgan (JPM) For both JPMorgan (NYSE:JPM) and Delta Air Lines (NYSE:DAL), a little more post-earnings movement would have
When JPMorgan (NYSE:JPM) reported second quarter earnings in mid-July, the company proved that it is the best bank on Wall Street, and that JPM stock is the best bank stock to buy today amid Covid-19 related weakness. Source: Bjorn Bakstad / Shutterstock.com Not only did JPMorgan smash through second quarter revenue and profit estimates —
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy was in the throes of a sharp recession. The bank posted
Check out the companies making headlines in midday trading. Wells Fargo — Shares of Wells Fargo fell 5% after the bank posted its first quarterly loss since the Great Recession and slashed its dividend. The bank posted a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than
Energy-market traders will be watching closely as oil and natural gas giant Halliburton (NYSE:HAL) reports its second-quarter earnings data on July 20. Expect the implied volatility on HAL stock to ramp up over the coming days as this is a hotly anticipated earnings announcement. Source: Trismegist san / Shutterstock.com If you’re looking for absolute perfection
Investors who are interested in buying Grubhub (NYSE:GRUB) stock should instead buy the shares of the company that last month agreed to buy Grubhub. That acquirer is Europe-based Just Eat Takeaway.com (OTC:TKYY). In the short-term and the medium-term, the outlook of the latter company’s stock is superior to that of Grubhub stock. Source: Lori Butcher
The concept of social responsibility holds that businesses should be good citizens, balancing their money-making operations with activities that benefit society, be it on a local, national, or global scale. Social responsibility in marketing involves focusing efforts on attracting consumers who want to make a positive difference with their purchases. Many companies have adopted socially
Real estate investment trusts (REITs) have blossomed over the past decade or two. While many started simply as collections of commercial or residential properties where the REIT was essentially the landlord, many have developed into far more unique arrangements. But that doesn’t make finding the best REITs easy. For investors, REITs are interesting because they
The headquarters of German immunotherapy company BioNTech stands on April 22, 2020 in Mainz, Germany. Thomas Lohnes | Getty Images Check out the companies making headlines after the bell: Tesla — Shares of Tesla fell 2% in extended trading. During the day, the stock rose and then fell in a volatile session and at one point