the largest U.S. bank by assets, reported first-quarter earnings of $4.44 a share, topping analysts’ expectations of $4.17. Revenue was $42 billion, roughly in line with forecasts. Net interest income was $23.1 billion in the first quarter, down 4% from last quarter. The stock fell 5.7%.
reported first-quarter profit $1.58 a share, higher than estimates of $1.18. Net interest income rose 16% from a year earlier to $594 million. Shares declined 2.5% after rising earlier in the session.
posted earnings in the first quarter of $1.20 a share, topping expectations of $1.06 a share but down from $1.23 a year earlier. Revenue of $20.86 billion beat estimates. Shares declined 0.3%.
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reported first-quarter adjusted earnings of $9.81 a share, beating analysts’ estimates of $9.39. Revenue of $4.7 billion matched estimates. The stock was down 2.2%.
fell 4.5% and
was down 4.3% after The Wall Street Journal reported the Chinese officials earlier this year directed the nation’s largest telecom carriers to phase out foreign processors.
was down 8.7% to $270.83 after analysts at Rosenblatt cut their recommendation on shares of the cloud networking company to Sell from Buy with a price target of $210.
was falling 8.1% after an article in The Wall Street Journal highlighted the scrutiny over the company’s pet arthritis drugs Librela and Solensia.
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told Barron’s the drugs were “safe and effective.”
declined 2.8% to $45.80 as Citi analysts initiated coverage of the networking systems company at Sell and set a price target of $44. Citi said
has a chance to gain from artificial intelligence but it’s not an immediate opportunity.
Shares of
were down 0.9% Friday after falling 5.3% on Thursday following a report from The Wall Street Journal that said federal regulators were probing the investment bank over how it handles wealth management clients “who are at risk of laundering money. ”The Securities and Exchange Commission, the Office of the Comptroller of the Currency, and other Treasury Department offices are involved in the probe of the bank’s massive wealth-management unit, the Journal reported, citing people familiar with the matter.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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