Market Updates
Movers: Bank of America, Boeing, Coinbase, Delta, Goldman Sachs, IBM
Barry Adams
18 Jul, 2022
New York City
Bank of America increased 1.1% to $32.64 after the lender benefited from the rising rate environment.
Revenues, net of interest expenses, increased 6% to $22.7 billion and net income declined to $5.9 billion or 73 cents a diluted share from $8.9 billion or $1.03 a diluted share.
The bank also took a charge of $523 million for the provision of credit losses.
Boeing Co increased 4.5% to $154.60 after Delta Airlines placed an order for 100 737 MAX 10 jets.
Coinbase Global increased 16.2% to $62.49 after the Norway based DNB Asset Management purchased share of the cryptocurrency exchange.
DNB initiated position in the company with 13,641 shares in the second quarter, according to a regulatory filing with the SEC.
Delta Air increased 5.4% to $31.70 after the airlines placed its first plane order in about a decade.
"The aircraft will be 20%-30% more fuel efficient than the retiring Delta planes," Delta added in a press statement released at the signing ceremony at the 2022 Farnborough International Airshow.
Nearly one-third of the aircraft
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