A quarter ago, it was expected that this holding company for Synovus Bank would post earnings of $0.94 per share when it actually produced earnings of $0.92, delivering a surprise of -2.13%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Synovus, which belongs to the Zacks Banks - Southeast industry, posted revenues of $476.55 million for the quarter ended March 2019, surpassing the Zacks Consensus Estimate by 3.48%.
UBS, Invesco and J.P. Morgan topped Shanghai-based Z-Ben Advisors' annual rankings for the 25 best foreign money managers in China. This year's rankings also found that the gap between the top six foreign money managers and the 19 others is growing. "The China question still depends most on where the global managers are themselves, not where the market is," Z-Ben Partner Chantal Grinderslev says.
Watsco Inc. WSO.B) on Tuesday reported first-quarter earnings of $35 million. On a per-share basis, the Coconut Grove, Florida-based company said it had profit of 88 cents.
The Trump administration is believed to be working with Saudi Arabia and the United Arab Emirates to make up for the output loss caused by the full-scale Iran sanctions. The Saudis and UAE are currently abiding by the six-month output cut deal. The OPEC+ alliance has been in the process to keep 1.2 million bpd of oil away from the market since January.
Barclays Plc plans to cut bonuses for investment bankers in a bid to improve performance and ward off activist investor Edward Bramson, who wants the lender to rethink expansion in this business, the Financial Times reported. Bonuses for the first quarter at the investment-bank division may decline by double digits from a year earlier, the newspaper reported, citing people it didn't identify who were briefed on the plans. The payments will be more closely tied to performance as the London-based bank seeks to cut costs, the Financial Times said.
Legendary investor Warren Buffett, the third richest person in the world, argues in a new interview that the best way to address income inequality is through the Earned Income Tax Credit. "[I] think the Earned Income Tax Credit is the best way to put money in the pockets of people that don't fit well under the market system, but that are perfectly decent citizens," Buffett, the CEO of Berkshire Hathaway (BRK-A, BRK-B), said in a wide-ranging interview with Yahoo Finance's editor-in-chief, Andy Serwer. The Earned Income Tax Credit is a refundable tax credit that goes to millions of low- to moderate-income workers, particularly parents, to supplement their earnings.
An Earnings Beat Centene came out with operating earnings of $1.39 per share, which beat the Zacks Consensus Estimate of $1.32. Earnings Surprise History Centene has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 5.05%.
An 18-year-old from New York has filed a $1 billion lawsuit against Apple over a false arrest he says happened because of Apple's face recognition system. NYPD officers arrested Ousmane Bah on November 29th after he was falsely linked to a series of Apple Store thefts in Boston, New Jersey, Delaware and Manhattan. A detective that eventually examined Apple's surveillance footage after the arrest determined that the real Bah didn't look anything like the thief.
United Technologies unveiled better than expected quarterly earnings and upgraded its outlook for this year amid strength in the US industrial conglomerate's aerospace systems and elevators businesses. A rally in the US dollar dented the overall revenue growth rate by 3 points. Chief executive Gregory Hayes said UTC had a “strong start” to this year.
One stock that might be an intriguing choice for investors right now is Credit Acceptance Corporation CACC. This is because this security in the Financial - Consumer Loans space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Financial - Consumer Loans space as it currently has a Zacks Industry Rank of 32 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Jon Moeller, Procter and Gamble chief financial officer, joins "Squawk Box" to discuss the company's quarterly earnings, the state of the economy and white label products that compete with the company's brands.
Toymaker Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off "BumbleBee" charged sales of the action toys, sending its shares up 16 percent. A departure from director Michael Bay's action-heavy "Transformers" franchise, "BumbleBee" was the first film to come out of an expanded partnership between Hasbro and Paramount Pictures and made $470 million worldwide after its release last year. Hasbro has been focusing on deals with production houses to boost sales of its action toys as it recovers from the impact of the liquidation of key customer Toys 'R' Us last year.
This Zacks Rank #2 company delivered a trailing four-quarter average positive earnings surprise of 8.6%. It has a long-term earnings growth projection of 8.8%. Bristol-Myers Squibb Company BMY: New York-based Bristol-Myers Squibb is a global specialty biopharmaceutical firm focused on the development of treatments targeting serious diseases.
The decline of advertising gradually turned the newspaper industry “from monopoly to franchise to competitive,” the billionaire chief executive officer of Berkshire Hathaway Inc. said in an interview with Yahoo Finance. “The world has changed hugely,” Buffett said in the interview with Yahoo Finance, which will serve as the livestream host for Berkshire's shareholder meeting. Berkshire's BH Media, which owns papers across the country, has been cutting jobs to cope with declining advertising revenue.
This dynamic also applies to high-yielding dividend stocks to buy. While I don't want to debate various economic theories, it's fair to say not all high-yielding dividend stocks are speculative. For this list, I've picked out 10 publicly traded companies that have a dividend yield of at least 3%.
Harley-Davidson Inc on Tuesday surged past expectations for first-quarter profit and stuck to its full-year shipment forecasts in the face of concerns over falling U.S. sales and European import tariffs, sending its shares up 3 percent. President Donald Trump, who has criticized Harley for its plans to shift some U.S. production overseas, weighed in after the results to say European Union tariffs on the manufacturer were "unfair" and vowed to reciprocate, without giving details. Harley, while again weighed down by a continuing decline in its popularity both in the United States and globally, topped Wall Street's profit forecasts by more than 30 cents per share.
Financial experts frequently recommend that you invest in your retirement accounts and that you also make sure you have an emergency savings fund. What should you prioritize, though, and how? Personal finance expert Ramit Sethi tells CNBC Make It that, while your priorities will depend on your situation, he generally recommends you start with your retirement savings, especially if your employer offers a 401(k) plan.
More than two dozen new cars, trucks, crossovers and concept vehicles are making their debut at this week's annual New York International Auto Show, the sort of rollout that would traditionally be expected to give a boost to the U.S. new car market. January and February saw sharp downturns in U.S. new vehicle sales, though many in the industry tried to downplay the poor showing by blaming the bad weather that spread across the country.
Legion Partners Asset Management LLC, Macellum Advisors and Ancora Advisors LLC -- said the moves fall short of what's needed and lacked details on how the new board would create value for shareholders. “The board changes announced today by Bed Bath are not nearly enough when measured against what is needed to address the issues with the current board and management, including that CEO Steven Temares must be held accountable for the company's prolonged poor performance,” the group said in a statement Monday. Under the changes announced earlier Monday, the company named lead independent director Patrick Gaston as chairman, while Harriet Edelman, Harsha Ramalingam, Andrea Weiss, Mary Winston and Ann Yerger join as new independent directors.
Twitter beat consensus expectations in first-quarter results on the top- and bottom-lines and posted a jump in daily active users, sending shares surging in early trading. The San Francisco, California-based social media company reported revenue of $786.9 million for the fiscal first quarter ending in March, exceeding expectations for revenue of $775 million, according to Bloomberg data. In the year-ago quarter, Twitter posted revenue of $655 million.
Chevron's recent $33 billion takeover of Anardarko Petroleum could unleash a major wave of M&A activity in the oil industry, according to some industry experts and analysts. “Different from last year, this transaction could also 'kick-start' investor interest in E&P's with current valuations looking attractive, [free cash flow] generation that is growing, oil prices that are well above most budgets while service costs remain benign, and now possible interest by the Majors making the prospect for larger premiums and a cash component,” RBC analyst Scott Hanold wrote in a note.
This is based on the upside potential from the current share price to the average analyst price target. Dividend Stocks Perfect for Retirees Now let's delve into these seven top stocks to buy now: Strong Buy Stocks: Exact Sciences (EXAS) Exact Sciences Corporation (NASDAQ:EXAS) has just received five back-to-back buy ratings from the Street. These “buys” flooded in following stellar Q4 earnings results.
What makes people happy in retirement? Finke has been researching the question of what makes people happy in retirement because he wants to know to what extent does what people do with their money make them happy in retirement. The first pillar is money, which he says is good news for those of who are actually saving for retirement.
Analysts in a Bloomberg consensus forecast expected the company to post earnings per share of $1.17 on revenues of $32.15 billion. Verizon's service revenues rose 4.4% during the first 3 months of 2019, helped in part by customers added higher-priced plans and new connections, the company said. Separately, Verizon added a net of 52,000 Fios Internet connections, but lost a net 53,000 Fios Video connections.