Login
Breaking News
FactSet Research   Lennar   FedEx Corp   Scholastic   Darden Restaurants   Cracker Barrel   Hain Celestial   Dave & Buster’s   Designer Brands  

Market Update

American Express gained 0.3% to $252 after the financial services company reported first-quarter 2025 results.

Revenue climbed 7% to $16.97 billion from $15.80 billion, net income edged up 6% to $2.58 billion from $2.44 billion, and diluted earnings per share rose 9% to $3.64 from $3.33 a year ago.

Consolidated expenses were $12.5 billion, an increase of 10% compared to the first quarter in 2024, as operating expenses increased, while marketing expenses were roughly flat from a year earlier.


18 Apr, 2025

 

Charles Schwab Corp. gained 0.2% to $76.29 after the brokerage and advisory services company reported first-quarter 2025 results...

Revenue surged to $5.60 billion from $4.74 billion, net income edged up to $1.80 billion from $1.25 billion, and diluted earnings per share rose to 99 cents from 68 cents a year ago.

The company added $137.7 billion in core net new assets during the quarter, an increase of 44% from a year earlier, bringing the total client assets up 9% to $9.93 trillion.

“New brokerage account openings increased 8% year-over-year to 1.2 million for the quarter, propelling total active brokerage accounts to 37.0 million,” the company said in a release to investors.

The brokerage company increased its quarterly dividend by 8% and repurchased $1.5 billion worth of common stock.


18 Apr, 2025

 

CSX Corp. eased 0.04% to $27.34 after the rail transportation services provider reported first quarter 2025 results.

Revenue declined 7% to $3.42 billion from $3.68 billion, net earnings edged down 27% to $646 million from $880 million, and diluted earnings per share dropped 24% to 34 cents from 45 cents a year ago.

Total cargo volume of 1.52 million units for the quarter was 1% lower compared to 1.53 million units in the prior year, while intermodal volume was 2% higher at 0.72 million from 0.70 million a year ago.

The rail services company said the constantly shifting tariff landscape is adding uncertainty to a soft automotive market.


17 Apr, 2025

 

Citigroup Inc. gained 0.6% to $63.58 after the banking company reported results for the first quarter of 2025.

Revenue increased 3% to $21.60 billion from $21.02 billion, net income jumped 21% to $4.06 billion from $3.37 billion, and diluted earnings per share rose to $1.96 from $1.58 a year ago.

The company’s operating expenses were down 5% to $13.4 billion compared to the prior year.

The financial services company returned a total of approximately $2.8 billion to common shareholders during the quarter in the form of dividends and share repurchases.


15 Apr, 2025

 

The Goldman Sachs Group Inc. eased 0.4% to $502.06 after the financial service reported first-quarter 2025 results.

Revenue climbed to $15.06 billion from $14.21 billion, net earnings edged up to $4.58 billion from $3.93 billion, and diluted earnings per share rose to $14.12 from $11.58 a year ago.

Operating expenses were $9.13 billion in the quarter, 5% higher than the same period a year earlier and 10% higher than the fourth quarter of 2024.

Equities revenue increased to $4.19 billion from $3.31 billion, and investment banking fees edged down to $1.92 billion from $2.08 billion a year earlier.

Commissions and fees in the quarter jumped to $1.23 billion from $1.08 billion a year ago.

Total assets under supervision climbed to $3.17 trillion from $2.85 trillion, with equity increasing to $771 billion from $713 billion and fixed income rising to $1.22 trillion from $1.14 trillion a year ago. 

The company proposed a dividend of $3.00 per share, payable on June 27 to shareholders on record as of May 30.

In addition, Goldman Sachs approved a share repurchase program for up to $40 billion of common stock.

During the first quarter, the bank repurchased $4.36 billion of its common stock, 7.1 million shares at an average cost of $610.57, and paid $976 million in dividends.


15 Apr, 2025

 

The Children’s Place Inc. plunged 6.3% to $6.35 after the struggling children’s specialty retailer reported results for the fiscal fourth quarter of 2024 ending in February.

Net sales declined to $408.56 million from $455.03 million, net loss shrank to $7.99 million from a loss of $128.84 million, and diluted loss per share narrowed to 62 cents from a loss of $10.24 a year ago.

For the full year, revenue edged down to $1.39 billion from $1.60 billion, net loss narrowed to $57.82 million from a loss of $154.54 million, and diluted loss per share shrank to $4.53 from a loss of $12.34 a year earlier.

The company reported “the lowest level of selling, general, and administrative spending in more than 15 years during the fourth quarter and full year.”

“Looking ahead for fiscal 2025, we remain determined to deliver profitable top-line sales as we continue to refine our omni-channel strategy and rebalance our product mix by offering relevant products that resonate with parents,” Muhammad Umair, the company’s president and interim CEO, said in a release to investors.


14 Apr, 2025

 

Fastenal Co. dropped 0.1% to $80.53 after the distributor of industrial and construction supplies reported results for the fiscal first quarter of 2025 ending in March.

Net sales increased 3.4% to $1.96 billion from $1.89 billion, net income inched up 0.3% to $298.7 million from $297.7 million, and diluted earnings per share remained flat at 52 cents per share compared to a year ago.

The company returned $246.7 million to shareholders in the form of dividends during the quarter, compared to $223.2 million a year earlier.


14 Apr, 2025

 

Bank of New York Mellon Corp. traded flat at $77.67 after the bank reported results for the fiscal first quarter ending in March.

Revenue surged to $4.79 billion from $4.53 billion, net income edged up to $1.15 billion from $953 million, and diluted earnings per share rose to $1.58 from $1.25 a year ago.

The company returned $343 million of dividends and made $746 million in share repurchases during the quarter.


14 Apr, 2025

 

Morgan Stanley gained 0.05% to $108.18 after the banking company reported fiscal first quarter 2025 results ending in March.

Revenue surged to $17.74 billion from $15.14 billion, net income jumped to $4.31 billion from $3.41 billion, and diluted earnings per share rose to $2.60 from $2.02 a year ago.

Total client assets increased to $7.7 trillion across the wealth and investment management divisions, supported by $94 billion in net new assets, the company said in a release to investors.

The company repurchased $1.0 billion in shares during the quarter and proposed a quarterly dividend of 92.5 cents per share, payable on May 15 to shareholders on record as of April 30.


14 Apr, 2025

 

BlackRock Inc. eased 0.1% to $878.00 after the investment management company reported results for the fiscal first quarter of 2025 ending in March.

Revenue edged up to $5.28 billion from $4.73 billion, net income dropped to $1.51 billion from $1.57 billion, and diluted earnings per share declined to $9.64 from $10.48 a year ago.

Assets under management rose 11% in the quarter to $11.58 trillion from $10.5 trillion a year earlier.

The company repurchased $375 million shares during the quarter and raised its quarterly cash dividend by 2% to $5.21 per share.


14 Apr, 2025

 

Wells Fargo & Co. gained 0.1% to $62.59 after the banking company reported fiscal first quarter of 2025 results ending in March.

Revenue declined to $20.15 billion from $20.86 billion, net income jumped to $4.89 billion from $4.62 billion, and diluted earnings per share rose to $1.39 from $1.20 a year ago.

The company repurchased 44.5 million shares for $3.5 billion in the quarter.


14 Apr, 2025

 

JPMorgan Chase & Co. jumped 4.2% to $236.29 after the banking company reported first quarter of 2025 results.

Net revenue edged up to $45.31 billion from $41.93 billion, net income jumped to $14.64 billion from $13.42 billion, and diluted earnings per share rose to $5.07 from $4.44 a year ago.

The company proposed a dividend of $1.40 per share or a total of $3.9 billion and announced $7.1 billion of common stock net repurchases.


14 Apr, 2025

 

CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.

Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.

CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.

The average price for a car edged up, snapping an eight-quarter streak of declines.

For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.

Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.

For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.

The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.

The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.

Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy.


10 Apr, 2025

 

Tesco Plc dropped 0.2% to 334.40 pence after the UK-based food retailer reported preliminary results for 2024 ending in February.

Revenue edged up to £69.92 billion from £68.19 billion, profit jumped to £1.63 billion from £1.19 billion, and diluted earnings per share rose to 23.51 pence from 16.56 pence a year ago.

Same-store sales declined by 1.8%, reflecting a continuing decline in the tobacco market and weakness in parts of the fast-food market serviced by Best Food Logistics, while the core retail and catering businesses grew despite a challenging market backdrop.

The company paid a dividend of 13.70 pence per share, compared to 12.10 pence per share in the previous year.

Tesco proposed a final dividend of 9.45 pence per share, payable on June 27 to shareholders on record as of May 16.


10 Apr, 2025

 

Barry Callebaut AG dropped 1.9% to CHF 1.055 after the Swiss cocoa processor and chocolate maker announced results for the six-month period ending in February.

Revenue edged up to CHF 1.14 billion from CHF 1.131 billion, net profit slumped to CHF 77.93 million from CHF 235.49 million, and diluted earnings per share fell to CHF 14.20 from CHF 42.87 a year ago.

Sales volume amounted to 1,138,524 tons in the first six months of fiscal 2023-2024, an increase of 0.7%, as growth was 1% in the second quarter amid a challenging operating environment and higher cocoa prices.

“Demand for cocoa powder remained robust, largely driven by Asia with particular strength in India, Indonesia, and China,” the company said in a release to investors.

Cocoa butter demand was impacted in Asia, Latin America, and North America, while other regions saw positive growth.

“For cocoa liquor, positive growth for Eastern Europe, Middle East Africa, and Latin America was offset by lower demand in Asia, Western Europe, and North America,” the company added in the statement.

Volume growth was positive in most global chocolate regions, led by growth in Latin America, particularly in Brazil.


10 Apr, 2025