Business & Investment

Goldman Sachs, Bed Bath & Beyond, Moderna, etc.

The American flag in front of the Goldman Sachs Group, Inc. headquarters in New York on Friday, March 5, 2021.

Michael Nagle | Bloomberg | Getty Images

Check out the companies that make headlines for noon trading.

Goldman Sachs — The Bank of New York shares surged 4.4% in noon trading after the company listed First quarter Revenue per share was $ 18.60, below analysts’ estimates of $ 10.22 surveyed by Refinitiv, and revenue of $ 17.7 billion, more than double that of a year ago. At the time of the latest reading, Goldman stocks are moving at the pace of the best days since January.

Bed bath & beyond – Large retailers’ share fell almost 9% after the company reported Fourth-quarter sales down double digits.. Earnings per share was adjusted at 40 cents, but Refinitiv expected it to be 31 cents. On-going store closures and sales as part of a larger turnaround plan continued to weigh on Bed Bath & Beyond’s results.

Wells Fargo — Bank stocks surged more than 5% on Wednesday after Wells Fargo reported better-than-expected first-quarter results and its management was optimistic about the recovery of commercial loans. The bank reported earnings per share of $ 1.05 and revenue of $ 18.06 billion. Analysts surveyed by Refinitiv sought revenue of $ 17.5 billion, 70 cents per share.

Modana — Pharmaceutical company’s share surged 5% after Moderna That Covid-19 vaccine said Six months after the second shot, it was more than 90% effective in protecting against the virus. The data is based on over 900 viruses.

JetBlue – The airline’s share price has risen by more than 2% in response to a bullish call from JP Morgan.The office Double upgrade Stock prices from underweight to overweight, citing cost controls and attractive valuations. JP Morgan has also raised the airline’s target price from $ 15 to $ 25. The new target is 20% above where the stock was closed on Tuesday.

Harley-Davidson — Motorcycle company stocks rose 1.1% after Bank of America start He said he would cover the stock with a buy valuation and “accelerate the brand’s momentum.” The company said it was bullish on Harley-Davidson’s outlook for “adventure touring” in the future.

snap – Snap increased by nearly 2% after Wedbush Expected coverage At a company whose rating is outperforming. According to the company, Snap has an innovative platform for young viewers, pointing out opportunities for augmented reality and social commerce. Wedbush’s 12-month target price of $ 75 suggests a 20% rise from Tuesday’s closing price.

Occidental Petroleum — Hydrocarbon exploration company shares rose nearly 7% after MKM partners upgrade Occidental Petroleum purchased from Neutral. The Wall Street company said investors should take advantage of stock pullbacks.

Discovery — Media company stocks have since fallen by more than 3% CNBC reported that Credit Suisse is still unloading that position In the wake of the turmoil in Archegos Capital Management. Banks had sold 19 million Discovery Class A shares on Tuesday, according to people familiar with the matter.

JP Morgan – JP Morgan shares fell less than 1%, even after banks reported higher-than-expected profits and returns for analysts on strong trading results. The strong results were also helped by a $ 5.2 billion profit from releasing the money previously set aside for bad debt losses that did not develop. Banks posted a profit of $ 14.3 billion in the first quarter, or $ 4.50 per share. That’s more than $ 3.10 per share, as predicted by analysts surveyed by Refinitiv. Inventories rose by more than 20% in 2021.

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Goldman Sachs, Bed Bath & Beyond, Moderna, etc. Goldman Sachs, Bed Bath & Beyond, Moderna, etc.

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