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By Anthony Lazzara |
April 17, 2013
A disappointing earnings report from Bank of America is a main catalyst for the U.S. stock market sell off today.
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By Hugh Son, Bloomberg |
April 17, 2013
Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.
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By Alexis Leondis, Bloomberg |
April 16, 2013
BlackRock Inc., the world’s biggest money manager, said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.
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By Donal Griffin, Bloomberg |
April 15, 2013
Citigroup Inc., the third-biggest U.S. bank, rose in New York trading after first-quarter profit and revenue from fixed-income trading and investment banking exceeded analysts’ estimates.
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By Dawn Kopecki, Bloomberg |
April 12, 2013
JPMorgan Chase & Co.’s first- quarter profit rose 33 percent to a record on expense reductions and an improvement in consumer credit quality that allowed the bank to boost earnings by reducing loan-loss reserves.
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By Sonja Elmquist, Bloomberg |
April 9, 2013
Alcoa Inc., the largest U.S. aluminum producer, reported first-quarter earnings that exceeded analysts’ estimates as demand from airplane and car manufacturers increased.
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By Lu Wang and Sarah Jones, Bloomberg |
April 8, 2013
U.S. stocks and commodities advanced before Alcoa Inc.’s earnings report, while the yen weakened to the lowest since April 2009 after the Bank of Japan’s unprecedented stimulus measures last week.
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By Lu Wang and Lindsey Rupp, Bloomberg |
April 8, 2013
U.S. stocks rose, after the biggest weekly drop of the year for the Standard & Poor’s 500 Index, as investors awaited Alcoa Inc.’s financial release to mark the beginning of the earnings season.
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By Anthony Lazzara |
April 8, 2013
Upcoming earnings reports over the next few weeks will likely determine whether investors take profits on a huge Q1 stock market rally, or continue to pile on long positions.
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By Sonja Elmquist, Bloomberg |
April 8, 2013
Alcoa Inc., the first Dow Jones Industrial Average member to report results each quarter, is losing its accuracy as a bellwether for the U.S. stock market.
