According to FinChat, the lender reported fourth-quarter adjusted earnings of $1.07 per share, compared to market expectations of $1.05 per share in profit.
Target saw a 2.8% rise in holiday sales for November and December, fueled by a 3% increase in traffic. Digital sales surged nearly 9%, driven by strong same-day delivery and Target Plus.
Super Micro’s stock ended 2024 with a modest gain of 7.2%, as the front-end-loaded gains for the year offset the weakness in the second half amid multiple headwinds.
Bitcoin and Ethereum spot ETFs experienced a significant resurgence on Jan. 15, with a combined net inflow of over $815 million, marking the first positive day after a four-day outflow period.
As President-elect Donald Trump gears up to take office, his Republican colleagues in Congress are voicing concerns that his ambitious tax-cut plans could be undermined by the escalating bond yields.
Symbotic is acquiring Walmart Inc.'s Advanced Systems and Robotics business for $200 million in cash with potential for $350 million more. This could significantly increase Symbotic's backlog and market potential.
Bloomberg noted that the Department of Energy is preparing to announce a $1.7 billion loan guarantee for Plug Power and close a federal loan of around $6.6 billion for Rivian.
Bank of America (BAC) reported a strong Q4 with net income of $6.7B and EPS of $0.82, beating analyst estimates. Revenue was $25.35B, driven by asset management and investment banking fees.
The lender reported earnings per share (EPS) of $0.82 compared to a Wall Street estimate of $0.77. Revenue rose 15% year-over-year (YoY) to $25.5 billion versus an analyst estimate of $25.19 billion.
AI chip stocks rally on news of Taiwan Semiconductor's upbeat quarterly report and new US regulations on chip exports to China, impacting companies like Nvidia and Apple.
The combination of the BOJ indicating that it is considering raising rates on January 24 and the softer than expected US core CPI reading delivered the dollar is largest loss since the end of last November against the Japanese yen
PNC Financial Services reported Q4 revenue of $5.57 billion, beating consensus of $5.50 billion. Net interest income and noninterest income led to 4% revenue growth. EPS of $3.77 topped consensus of $3.33. PNC also declared a quarterly dividend of $1.60. Q1 guidance includes decrease in average loans and lower total revenue.
