Stock Market News

Baidu Beats 4Q17 EPS View, Issues Upbeat 1Q18 Outlook

  A decrease in operational and bandwidth costs enabled Chinese search engine Baidu, Inc. (NASDAQ: BIDU) to report better-than-expected fiscal 2017 fourth quarter results. With this, Baidu has surpassed analysts’ estimates throughout fiscal 2017. Based on the strong results and

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Citi Expects Investment Banking Division Growth In FY18

  Following a near 2,000 point fall in the Dow Jones in the past ten days, the stock of Citigroup Inc. (NYSE: C) fell from the 12-month high of $80.70 to a low of $70.99. At 1.28x the book value,

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Disney Posts Mixed 1Q18 Results On ESPN Woes

  Media and Entertainment behemoth Walt Disney Co. (NYSE: DIS) reported a 78% increase in profit for the fiscal 2018 first quarter, compared to the similar period of fiscal 2017. The surge in profit was due to huge tax gains

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Amazon Crushes 4Q17 Estimates, Issues Upbeat 1Q18 View

  The world’s largest online retailer Amazon.com, Inc. (NASDAQ: AMZN) reported a record revenue and earnings in the fiscal 2017 fourth-quarter and surpassed all estimates. The company also saw a record 4 million sign-ups for its prime service in a

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Boeing Smashes Q4 Estimates, Issues Upbeat FY18 Outlook

  Aircraft manufacturer Boeing Company (NYSE: BA) reported fiscal 2017 fourth-quarter results that smashed analysts’ estimates. The company posted a record operating earnings of $3 billion and operating cash flow of $2.9 billion on robust performance. Further, Boeing issued an

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Amidst Intense Criticism, Deutsche Bank Raises Bonus

  The stock of Deutsche Bank Aktiengesellschaft (NYSE: DB) fell yesterday by about 2.10% to $19.10, following the reports of an annual bonus hike to its employees. The German weekly news edition Frankfurter Allgemeine Sonntagszeitung, which broke the news on

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GE Misses Q4 Estimates, Issues Upbeat FY18 Outlook

  Diversified industrial conglomerate General Electric Company (NYSE: GE) reported a swing to a net loss in the fiscal 2017 fourth-quarter, compared to a net profit in the similar period last year. The losses were driven by investment contracts, insurance

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UBS Swings To Loss On CHF 2.865 billion Tax Charge

  Swiss banking group UBS Group AG (NYSE: UBS) reported a swing to a net loss in the fourth-quarter of 2017, compared to a net profit in the similar period last year. Due to the new US tax laws, the

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Despite a $4.40bn Charge, Goldman Sachs Beats Q4 View

  Yesterday, global investment banking giant Goldman Sachs Group, Inc. (NYSE: GS) reported a swing to a loss in the fourth-quarter of fiscal 2017, compared to a net profit in the similar period last year. Goldman Sachs took a non-cash

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Exxon Remains Bullish As Oil Flirts With $70 Per Barrel

  Crude oil traded near the three year high price of about $70 per barrel yesterday. That kept the oil stocks buoyant in the US market. In particular, the stock of Exxon Mobil (NYSE: XOM), the world’s largest publicly traded

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