Bank of America Earnings, HP Enterprise Gains, Albertsons Shares Slides
On this episode of Stock Movers:- Bank of America (BAC) gains as traders posted a record quarter. The bank reaped the benefits of volatile markets, and net interest income topped analysts’ estimates. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings. Trading of fixed income, currencies and commodities came in close to expectations, bringing in $3.46 billion.- Hewlett Packard Enterprise (HPE) is up on Bloomberg's reporting that Elliott Investment Management built a large position in the software and networking company. Elliott plans to engage with the software and networking company to help it boost value. The investment makes Elliott one of the company’s top five shareholders, according to data compiled by Bloomberg. Elliott’s exact intentions at HPE couldn’t be immediately learned.- Albertsons (ACI) shares slid, putting the stock on track for its biggest one-day decline since October 2022, after the grocer’s fiscal-year adjusted EPS forecast trailed the consensus estimate. During the earnings call, COO and incoming CEO Susan Morris called the past year an “investment year.” CFO Sharon McCollam also said that its outlook excludes the impact of tariffs.See omnystudio.com/listener for privacy information.
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6:28
Bank of America & Citi Climb on Results, Netflix Revenue Goals, Moderna Falls
On this episode of Stock Movers: - Bank of America (BAC) shares climbed as the bank reported record trading revenue as the company's stock traders reaped the benefits of volatile markets. Revenue from trading rose 17% to just over $2 billion in the first three months of the year. The big bank's topline revenue was over $27 billion, highest in more than a decade. Meantime, Citi (C) shares also rose as after the bank reported FICC sales and trading revenue for the first quarter that beat Wall Street expectations.- Netflix (NFLX) shares are in the green ahead of their earnings report coming later this week. Reports earlier from the Wall Street Journal said it aims to double its revenue and reach a $1 trillion market capitalization by 2030.- Moderna (MRNA) shares are down as a panel of CDC advisers are meeting for the first time under new Health and Human Services Secretary Robert F. Kennedy Jr. to review data and make recommendations on vaccine policy. The CDC’s Advisory Committee on Immunization Practices (ACIP) will evaluate several shots.See omnystudio.com/listener for privacy information.
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3:41
Bank of America Climbs, Netflix Rises, Boeing Falls as China Halts Jet Orders
On this episode of Stock Movers: - Bank of America (BAC) shares climb after its stock traders posted a record quarter due to volatile markets. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings.- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030. - Boeing (BA) shares fall after Bloomberg reported that China had ordered its airlines not to take any further deliveries of the planemaker’s jets. It's part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.See omnystudio.com/listener for privacy information.
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2:50
Applied Digital Falls, Rocket Lab Rises, Netflix Higher on Growth Potential
On this episode of Stock Movers:- Applied Digital (PLD) shares fall after the digital infrastructure company reported third-quarter results that missed expectations for revenue and adjusted Ebitda. Analysts remain focused on when the company will sign a lease with a hyperscaler.- Rocket Lab (RKLB) shares rise after the company said it was selected to provide hypersonic test launch capability through development programs in the US and UK. The company intends to bid for contracts and task orders across both programs with its Hypersonic Accelerator Suborbital Test Electron launch vehicle- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.See omnystudio.com/listener for privacy information.
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2:38
Citi and Bank of America Earnings; GM Trends Down; Boeing China Conerns
On this episode of Stock Movers:- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.See omnystudio.com/listener for privacy information.
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