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BlackRock Net Inflows Plunge; Goldman Sachs, Morgan Stanley Earnings Soar

Mukesh Buch
16 Oct, 2018
New York City

Adobe reaffirmed fourth-quarter revenues forecast. BlackRock declined after net inflow declined. Goldman Sachs profit soared 21%. Grainger net plunged 36%. Johnson & Johnson lifted fiscal outlook. Morgan Stanley beats estimates.

Iberdrola Sells Power Plants to Drax, Meggit Lifted 2018 Forecast

Sarla Buch
16 Oct, 2018
New York City

Iberdrola agrees to sell Scottish utility plants to U.K.-based Drax Group. Aerospace equipment provider Meggitt lifted fiscal 2018 revenues forecast. Merck said it expects to return to profitable growth in 2019. Merlin Entertainments declined on weak performance.

Three Factors Drive BofA Net Higher 32%, Harris to Merge with L3 Tech

Mukesh Buch
15 Oct, 2018
New York City

Bank of America beat profit estimates on cost reductions. Charles Schwab reported record results after net surged 49%. Harris Corp agreed to merge with L3 Technologies. Walmart acquired online lingerie retailer Bare Necessities.

Air Liquide Reaffirms Hydrogen Vehicle Commitment, Greencore Exits U.S.

Sarla Buch
15 Oct, 2018
New York City

Air Liquide reaffirmed its commitment in building infrastructure for hydrogen vehicles. ConvaTec tumbled 31% after the medical products maker lowered outlook. Chr Hansen, the bio science products maker reported a slight increase in revenues.

LVMH Plunges on Trade War Worries, PageGroup Says Brexit Non-Event

Sarla Buch
10 Oct, 2018
New York City

Ahlers net tumbled on weak revenues. Luxury goods conglomerate LVMH sales jumped after strong business in fashion and leather goods. PageGroup gross profit soared 20%.

Citigroup, JP Morgan, Wells Fargo Earnings Lift Market Sentiment

Mukesh Buch
12 Oct, 2018
New York City

Citigroup reported better-than-expected quarterly profit on higher bond trading. First Republic Bank beat profit estimates. JP Morgan Chase revenue jumped above expectations. Wells Fargo revenues rebound after the bank revamps operations.

TransDigm and Esterline in $4 B Deal, Fastenal Rides Manufacturing Boom

Mukesh Buch
10 Oct, 2018
New York City

Chubb said net loss in the third-quarter attributable to natural catastrophes was $450 million. Fastenal Co reported better-than-expected results after strong demand. IDT Corp swung to profit on improved revenues. TransDigm agreed to acquire Esterline Technologies.

Asset Managers Ashmore and MAN Report Strong Net Inflows

Sarla Buch
12 Oct, 2018
New York City

Ashmore Group and Man Group said net assets under management jumped on strong asset inflows. ArcelorMittal agreed to sell its four European steel plants to meet the regulatory requirements.

Dialog Semiconductor in Deal with Apple, Mondi Operating Profit Up 30%

Sarla Buch
11 Oct, 2018
New York City

Dialog Semi signed a chip license agreement with Apple Inc. Gemalto and Thales said the merger deal approval may take longer than expected. Hays reported quarterly fees growth rate was lower than expected on volatile exchange rate. Mondi operating profit surged 30%.

PPG Industries Plunges 7%, Blackbaud Tumbles 13%

Mukesh Buch
09 Oct, 2018
New York City

AZZ missed profit but the equipment maker lifted outlook. Blackbaud tumbled on weak forecast. Helen of Troy reported better-than-expected results. PPG Industries plunged on weak fiscal outlook.

Wirecard Reaffirms Upbeat Outlook, Givaudan Reports Steady Sales Growth

Sarla Buch
09 Oct, 2018
New York City

The U.K. based bakery chain Greggs said quarterly sales improved on higher beverage sales. Givaudan group revenues soared on strong segment performance. Wood Group secured new midstream sector contracts in the U.S. Wirecard soared on upbeat forecast.

GE Sells $1 B Energy Portfolio, Village Super Market Net Declines

Mukesh Buch
08 Oct, 2018
New York City

GE agreed to sell its Energy Financial Services business to Apollo Global Management. Hyatt Hotels agreed to acquire Two Roads Hospitality for $480 million. Trilogy Metals fell after net loss widened. Village Super Market net declined after weak sale growth.

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