Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and more – CNBC
Here’s a look at some companies that were making waves in after-hours trading: Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported second-quarter results. The banking and payments company reported net interest income of $3.52 billion, beating the FactSet consensus estimate of $3.46 billion. Earnings per share of $6.06 beat analysts’ estimates […]
Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech) – CNBC
Since the Club’s last monthly meeting in June, stocks have been performing well again. Stocks have been trading at new highs in the past few weeks as the Fed is likely to cut interest rates soon, following recent strong inflation readings. Traders now see a 100% chance of an interest rate cut by September, according […]
HSBC appoints Georges Elhedery as group CEO starting Sept. 2 – CNBC
HSBC’s logo is displayed outside its UK branches. Matt Cardy | Getty Images HSBC Announced on Wednesday Georges El Hedery appointed Group CEOIt will start on September 2nd. El Hedery, the current chief financial officer, will succeed Noel Quinn, who will retire in September. In late April, HSBC suddenly announced that Quinn was stepping down […]
Why the Social Security Administration may want you to update your personal account online – CNBC
zimmytws | iStock | Getty Images The Social Security Administration Online Service Updates. To ensure you can still access your accounts, officials urge you to log in, especially if you created your account online.My Social SecurityPlease open your “Account” by September 18, 2021. These account holders will soon need to transition to a Login.gov account […]
Deutsche Bank criticized by German regulator for financial reporting error – CNBC
Deutsche Bank General Meeting Arne Dedert | Picture Alliance | Getty Images Deutsche Bank misdisclosed deferred tax assets in its 2019 financial statements and failed to meet international accounting standards, Germany’s financial supervisory authority (BaFin) said on Tuesday. “The declaration of deferred tax assets in the consolidated financial statements was incomplete,” the regulator, known as […]
BlackRock's ETF business just keeps growing, but the search for revenue goes on – CNBC
Judged by these standards, Fink’s bet proved to be one of the greatest financial investments of all time. A comprehensive analysis of BlackRock’s ETF business is a difficult task, but revenue, assets under management (AUM) and growth potential are certainly important factors. According to Morningstar equity strategist Gregory Warren, BlackRock’s total revenue for 2023 is […]
Buying into Charlie Scharf’s 5-year turnaround plan for Wells Fargo just got a bit cheaper – CNBC
When Charlie Scharf took the reins at Wells Fargo five years ago, the bank was in turmoil. A series of scandals had put the 172-year-old bank under regulatory scrutiny, badly damaging its reputation and causing its stock price to fall by billions of dollars. Now in 2024, Wells Fargo looks like a completely different bank, […]
These are top global stock picks for the second half, according to UBS – CNBC
According to UBS, the outlook for equities is more favorable with inflation slowing and the Federal Reserve considering cutting interest rates by the end of the year. However, the risks and rewards from a continued market rally are limited, as “considerable” optimism is already priced in, according to the Swiss bank’s chief investment officer. Against […]
Wells Fargo shares tumble after net interest income falls short of estimates – CNBC
A Wells Fargo Bank sign stands on Broadway in New York City on April 12, 2024. Michael M. Santiago | Getty Images Wells Fargo The company reported Friday that net interest income fell 9% even as its second-quarter profit and revenue beat Wall Street expectations. Here’s how the bank performed compared to Wall Street expectations, […]
Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires – CNBC
Internal Revenue Service Commissioner Danny Wuerfel testifies to the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images “The IRS has collected $1 billion from billionaires, successfully launching a strategic new program and demonstrating that we can achieve the greatest return on investment,” Treasury […]