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Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America (NYSE: BAC) began the day with a strong 3rd quarter earnings report which outperformed analysts’ expectations. The bank reported earnings per share, 43% higher than this time last year, of USD 0.66 (USD 0.04 greater than expect..

Mattress Firm Files for Chapter 11 Bankruptcy Protection

Mattress Firm Files for Chapter 11 Bankruptcy Protection

Mattress Firm, the largest U.S. mattress company is filing for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy is a way for retailers to get out of unwanted leases. Across the U.S., Mattress Firm has 3,500 locations which in the past were in..

Booming “Safe” Stocks Have Wall Street Alarm Bells Ringing

Booming “Safe” Stocks Have Wall Street Alarm Bells Ringing

With a risk averse investing style becoming very popular within the last year, the surge in “Safe” and “Quality” stocks has been booming. A safe and quality stock is one in which the company or bank has low debt and high prof..

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Merrill Lynch lowered its rating for both Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI) shares to neutral from buy due to the crowded holiday season and competition from Epic Games’ “Fortnite.”..

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank Vision Fund to Invest $1B into Face Recognition SenseTime

SoftBank’s Vision Fund is looking to invest almost USD 1 Billion in China-based SenseTime Group for a stake in the world’s most valuable artificial intelligence startup, according to people familiar with the matter. The two companies are..

Morgan Stanley Shares Surged After Better-than-Expected Results

Morgan Stanley Shares Surged After Better-than-Expected Results

On Wednesday, Morgan Stanley (NYSE: MS) reported its financial results for the second quarter of fiscal 2018. With both earnings and revenue surpassing estimates, shares of the company surged 3.3% in premarket trading today.According to the company,..

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Group Inc. (NYSE: GS) on Tuesday reported better-than-expected revenue and earnings as the Company also named a new CEO.  The Company said net revenue rose 19% to USD 9.4 Billion in the second quarter ended June 30, 2018, beating ..