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- Asian stocks mostly higher after mixed US earnings
- Thu, 17 Apr 2014 23:40:21 -0400 - BEIJING (AP) — Asian stocks were mostly higher Friday despite mixed U.S. earnings reports with many of the region's exchanges closed for Good Friday.
- Wall Street Week Ahead: Spring fever brings hope for U.S. earnings
- Thu, 17 Apr 2014 19:20:55 -0400 -
By Chuck Mikolajczak NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T , are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results.
- US stock market ends higher as earnings pour in
- Thu, 17 Apr 2014 17:57:20 -0400 -
Corporate earnings pushed U.S. stocks mostly higher on Thursday, but it wasn't an easy ride up.
- Earnings lift S&P 500, Nasdaq; S&P's best week since July
- Thu, 17 Apr 2014 16:59:08 -0400 -
By Ryan Vlastelica NEW YORK (Reuters) - Stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results. The two were the latest to post earnings that topped expectations, helping to lift the S&P 500 and the Nasdaq to their fourth straight daily advance. Tech bellwethers Google and IBM fell on disappointing figures and limited the broader market's gain. IBM's slide pushed the Dow into slightly negative territory at the close.
- Goldman's income falls 11 percent, but still beats
- Thu, 17 Apr 2014 16:22:59 -0400 -
NEW YORK (AP) — Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well.
- Morgan Stanley's income rose 18 percent
- Thu, 17 Apr 2014 16:19:18 -0400 -
NEW YORK (AP) — Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses.
- US stock market mostly higher as earnings pour in
- Thu, 17 Apr 2014 16:10:58 -0400 -
Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors.
- BlackRock's quarterly profit climbs as investors pile into funds
- Thu, 17 Apr 2014 15:35:18 -0400 -
By Ashley Lau NEW YORK (Reuters) - BlackRock Inc, the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds. "Even with all of the turmoil in the markets that we saw a few weeks ago, every day during that turmoil, we had net inflows," Chief Executive Officer Laurence Fink said in an interview on Thursday, referring to the company's retail client base. Fink noted most of that turmoil was due to "fast money" exits, with hedge funds moving out of their positions rather than any broad-based selling among long-term investors. Revenue at BlackRock grew 9 percent to $2.67 billion, with revenue generated by performance fees paid by investors for outsized earnings in some funds surging 46.3 percent to $158 million from a year earlier.
- For Goldman Sachs and Morgan Stanley, boring is beautiful
- Thu, 17 Apr 2014 14:31:58 -0400 -
Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings for investment banks now. Goldman's investment management, stock underwriting and merger advisory businesses logged big gains. Morgan Stanley did well in those areas, as well as in wealth management and bond underwriting.
- Energy sector to drive Canada first-quarter profit gains
- Thu, 17 Apr 2014 13:47:07 -0400 -
By John Tilak TORONTO (Reuters) - Canadian companies are expected to post solid profit gains when they begin unveiling first-quarter results next week, with robust earnings at energy companies seen overcoming weakness at miners and the materials sector. Energy companies will benefit from a ramp-up in production, improved prices for Canadian crude relative to global benchmarks, and a rally in natural gas prices.
- Stocks edge lower after Google, IBM earnings
- Thu, 17 Apr 2014 12:14:42 -0400 -
Stocks edged lower in midday trading on Thursday as investors digested a crop of mixed company earnings. Among the stocks weighing down the market were Google, IBM and insurers UnitedHealth and WellPoint. The decline came after three days of broad market gains.
- Tech stocks slump after Google, IBM disappoint
- Thu, 17 Apr 2014 12:01:58 -0400 -
Stocks are drifting lower on Wall Street in midday trading, led by a decline in the technology sector after Google and IBM reported disappointing earnings.
- World stocks subdued amid mixed US earnings
- Thu, 17 Apr 2014 12:00:31 -0400 - LONDON (AP) — World stocks were subdued Thursday ahead of a long weekend for many markets and after mixed earnings reports in the U.S.
- DuPont expects farm business to pick up after severe winter
- Thu, 17 Apr 2014 11:32:58 -0400 -
Chemicals maker DuPont expects its agriculture business to grow this quarter as farmers buy seeds and insecticides after a delayed start to planting season in North America, which hurt the company's revenue in the first quarter. Shares of DuPont, a Dow 30 component, were down about 1 percent at $67.19 in late morning trading on the New York Stock Exchange on Thursday. DuPont said it expected "modest" growth in sales and "significant" growth in operating earnings in its agriculture business in the current quarter. Sales in the agriculture business, DuPont's biggest, fell 6 percent, the first decline in 10 quarters, as farmers put off purchases due to a colder-than-usual winter.
- Nigerian bank UBA posts first-quarter profit down 21 percent
- Thu, 17 Apr 2014 11:27:15 -0400 -
LAGOS (Reuters) - Nigeria's United Bank for Africa (UBA) said on Thursday that its pretax profit fell to 13.54 billion naira ($83.5 million) in the first quarter, down 21.1 percent from 17.16 billion naira a year earlier. However, gross earnings grew to 68.1 billion naira during the three months to March 31, against 62.9 billion naira in the same period last year, it said in a filing with the Nigerian Stock Exchange. ($1 = 162.2500 Nigerian Nairas)
- Stocks drift after Google, IBM earnings disappoint
- Thu, 17 Apr 2014 10:52:23 -0400 -
Major U.S. stock indexes drifted between gains and losses in morning trading Thursday amid a crop of disappointing corporate earnings. Google, IBM and insurers UnitedHealth and WellPoint were among the big market decliners.
- Morgan Stanley profit soars on wealth management, trading
- Thu, 17 Apr 2014 09:16:36 -0400 -
By Lauren Tara LaCapra and Anil D'Silva (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. Morgan Stanley's shares rose 2.8 percent to $30.74 in pre-market trading on Thursday. Although volumes were lower across most fixed-income businesses, Morgan Stanley said revenue from fixed-income and commodities sales and trading rose to $1.7 billion, a 13 percent increase from a year earlier. Chief Financial Officer Ruth Porat attributed this growth to "commodities, credit and mortgage".
- Mostly positive US earnings send stock futures up
- Thu, 17 Apr 2014 09:13:48 -0400 -
Stocks are headed for a fourth gain in a row after several big-name U.S. companies reported encouraging first-quarter results. PepsiCo and Goldman Sachs are among the companies reporting earnings that were better than investors were expecting.
- Goldman Sachs profit falls 11 percent but beats estimates
- Thu, 17 Apr 2014 08:43:34 -0400 -
Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose. Goldman said net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013. "Investment Banking and Investment Management generated solid results, while market sentiment shifted throughout the quarter, constraining client activity in various parts of our franchise," Chairman and Chief Executive Lloyd Blankfein said in a statement. Most of Goldman's rivals also reported a drop in revenue from fixed-income trading in the quarter, but Goldman has more at stake than others because it has a less diverse business mix.
- Goldman's income falls 11 percent, still beats
- Thu, 17 Apr 2014 08:42:07 -0400 -
NEW YORK (AP) — Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in well ahead of what investors were expecting.
- Goldman Sachs earnings fall 11 percent
- Thu, 17 Apr 2014 08:05:37 -0400 - NEW YORK (AP) — Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
- U.S. shares seen opening lower as tech giants stumble
- Thu, 17 Apr 2014 07:47:36 -0400 -
By Carolyn Cohn LONDON (Reuters) - European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results from tech heavyweights Google and IBM, while the dollar fell on dovish U.S. Federal Reserve comments. Futures prices suggested U.S. stocks will open 0.2 percent lower. Google released earnings data after U.S. markets shut on Wednesday, showing that first-quarter revenue fell short of Wall Street targets and that margins narrowed. U.S. stocks had ended Wednesday with gains of 1 percent.
- Nigeria's GT Bank Q1 profit drops 2 pct on higher operating cost
- Thu, 17 Apr 2014 07:42:51 -0400 - LAGOS (Reuters) - Nigerian lender Guaranty Trust Bank's first-quarter pretax profit fell 2 percent to 28 billion naira, it reported on Thursday. But gross earnings climbed to 67.6 billion naira in the three months ended March 31, from 63.9 billion naira in the same period last year. Operating costs rose 10 percent to 23.86 billion naira.
- Nigerian bank Stanbic IBTC's Q1 profit rises 47 pct
- Thu, 17 Apr 2014 07:39:41 -0400 -
LAGOS (Reuters) - Nigerian bank Stanbic IBTC Holdings' first-quarter pretax profit rose 47 percent to 8.96 billion naira, the local unit of South Africa's Standard Bank said on Thursday. Gross earnings rose to 30.22 billion naira in the three months ended March 31 from 26.58 billion naira in the same period last year, it said in a filing with the Nigerian Stock Exchange.
- Heavy winter storms weigh on DuPont during 1Q
- Thu, 17 Apr 2014 07:31:41 -0400 -
DOVER, Del. (AP) — DuPont's agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's industrial segments and margins improved in almost every one of them.