S&P 500 advances to five-year high on better-than-forecast data

More Revenue

EBay rose 2.7% to $54.32. The results suggest Chief Executive Officer John Donahoe is sustaining a turnaround effort that began in March 2008, when he succeeded Meg Whitman. The company has been pushing to generate more revenue from consumers shopping on tablets and smartphones, and from retailers that use EBay to sell their merchandise.

BlackRock added 4.4% to $232. Net income climbed to $690 million, or $3.93 a share, from $555 million, or $3.05, a year earlier, the New York-based company said today in a statement. Profit beat the $3.71 a share average estimate of six analysts surveyed by Bloomberg. BlackRock increased its quarterly dividend 12% to $1.68 a share and expanded its share buyback program.

CBS Corp. surged 8.5% to $41.15. The owner of the most-watched U.S. television network said it will convert its outdoor advertising division into a real estate investment trust and seek a buyer for the European and Asian parts of that business.

$15 Billion

Dell Inc. advanced 1.9% to $12.86. Silver Lake Management LLC and partners are close to lining up about $15 billion in funds for a buyout of the third-biggest maker of personal computers, said people familiar with the matter.

Lenders including Credit Suisse Group AG, Royal Bank of Canada, Barclays Plc and Bank of America Corp. may informally disclose terms to a small group of possible buyers of the bridge loan as soon as today, said one of the people, who asked not to be named as the process is private.

The S&P 500 Regional Banks Index gained 2.7%. Fifth Third Bancorp., Ohio’s largest lender, said fourth-quarter profit rose 27% as the firm booked a gain on a stake in Vantiv Inc. Earnings at PNC Financial Services Group Inc. and BB&T Corp. beat analysts’ estimates. Fifth Third rose 4.7% to $16.28. BB&T climbed 2.4% to $31.03 and PNC added 4.1% to $62.22.

Financial shares had the worst performance in the S&P 500 among 10 industries, gaining less than 0.1%.

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