Tag: NYSE:SAN
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HSBC’s High Profit & CEO Resignation, Santander’s 11% Profit Surge, and More in Earnings
HSBC (NYSE:HSBC) – Shares of HSBC advanced 3.7% in pre-market trading after revealing its first quarter results. With revenue of $20.8 billion, a 3% increase from the previous year, the bank reported a pre-tax profit of $12.65 billion, while net profit reached $10.84 billion. Basic earnings per share were $0.54. CEO Noel Quinn plans to…
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FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News
FedEx (NYSE:FDX) – FedEx exceeded profit forecasts for the quarter, posting an adjusted profit of $3.86 per share, higher than the $3.45 per share expected by analysts consulted by LSEG. However, the company’s revenue did not meet estimates. FedEx also announced a $5 billion share buyback program. FedEx shares rose 12.6% in pre-market trading. Nike…
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Shares of WW International Plummet after Oprah Exits, EA Announces Workforce Reduction and Restructuring Plan, and Latest News
WW International (NASDAQ:WW) – Weight Watchers’ shares plummeted 22% in pre-market trading after Oprah Winfrey announced her departure from the board and the donation of her shares to the African American cause. The decision comes as companies, including WW, explore weight loss drugs. Winfrey previously revealed using such medications. Electronic Arts (NASDAQ:EA) – Electronic Arts…
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Barclays Surges with Cost Reductions and Billion-Dollar Shareholder Returns, Capital One Eyes Discover Acquisition, and More
Barclays Plc (NYSE:BCS) – Barclays’ shares jumped after announcing a major cost-cutting campaign and returning £10 billion to shareholders. The bank will reorganize operations and review management positions. Plans include expansion and cost reduction to increase profitability and return on equity. Shares are up 7% in Tuesday’s pre-market. Capital One (NYSE:COF) – Warren Buffett-backed Capital…
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Santander’s Stock Declines Amid Sanctions Evasion Scandal, Boeing 737 MAX Delivery Challenges, and More
Santander (NYSE:SAN), Lloyds Banking Group (NYSE:LYG) – Shares of Santander and Lloyds plummeted -6.5% and -1.90% in Monday’s pre-market, respectively, following reports that Iran used accounts of these banks to clandestinely transfer money as part of a sanctions evasion scheme. Documents revealed that British shell companies associated with a sanctioned Iranian petrochemical firm utilized these…
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Walmart’s Stock Split, Elon Musk’s Billion-Dollar Package Revoked, and More
Walmart (NYSE:WMT) – Walmart announced a 3-for-1 stock split as part of its review of trading levels and spread. This will increase the shares in circulation to approximately 8.1 billion, with distribution after the close on February 23. Tesla (NASDAQ:TSLA) – Elon Musk’s $55 billion compensation package at Tesla Inc. was voided by a Delaware…
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Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More
In the pre-market on Wednesday, U.S. index futures are showing positive performance, boosted by favorable results presented by Netflix (NASDAQ:NFLX). This optimism also anticipates the financial announcements expected from IBM (NYSE:IBM) and Tesla (NASDAQ:TSLA). At 05:38 AM, the futures of the Dow Jones (DOWI:DJI) rose 49 points, or 0.13%. S&P 500 futures rose 0.41% and…
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Crypto this Wednesday: Jack Dorsey’s Investment in Pool Ocean, Billionaire Legal Battle with Cristiano Ronaldo, and More
Bitcoin fluctuates near $38,000; expert analysis and forecasts by Fernando Pereira Bitcoin experienced a slight drop, retreating from its $38,000 mark on November 29 amid market uncertainty. Analysts like Keith Alan highlighted the potential for manipulation by major market operators. Concurrently, the financial community is turning its attention to the upcoming speech by Jerome Powell,…
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Crypto this Monday: Bullish Acquires CoinDesk, Santander Launches Swiss Crypto Services, and More
Javier Milei, bitcoin supporter, wins presidential election in Argentina Javier Milei was elected president of Argentina after Sergio Massa admitted defeat on Sunday night, with Milei securing 56% of the votes. Milei’s victory, known for criticizing the central bank and supporting bitcoin, influenced the cryptocurrency market, raising bitcoin (COIN:BTCUSD) by 2%, to $37,150. Milei advocates…
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Friday’s Wall Street Highlights: Applied Materials, ChargePoint, Amazon, Gap, IBM, and more
U.S. index futures are up in pre-market trading on Friday, signaling an optimistic weekly close for the three major indexes, which are heading for their third consecutive week of gains. At 06:04 AM, Dow Jones futures (DOWI:DJI) rose 76 points, or 0.22%. S&P 500 futures rose 0.20% and Nasdaq-100 futures rose 0.02%. The yield on…