Wednesday, January 23, 2019
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WHAT TO WATCH
Earnings season is in high gear, and investors can expect several major corporate earnings.
Analysts are expecting Procter & Gamble to report earnings of $1.21 per share on $17.16 billion in revenue. Comcast is expected to earn 62 cents per share on $27.17 billion in revenue, and United Technologies is anticipated to have earned $1.52 per share on $16.87 billion in revenue.
Ford is expected to report earnings of 30 cents per share on $37.59 billion in revenue, according to analysts polled by Bloomberg. Additionally, Las Vegas Sands is anticipated to have earned 85 cents on $3.53 billion in revenue during Q4.
Fed to probe Deutsche Bank over suspicious Danske cash: The Federal Reserve is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever. [Bloomberg]
Dueling Senate bills would end shutdown differently: Senate leaders agreed to hold votes this week on dueling proposals to reopen shuttered federal agencies, forcing a political reckoning for senators grappling with the longest shutdown in U.S. history: Side with President Donald Trump or vote to temporarily end the shutdown and keep negotiating. [Associated Press]
IBM’s revenue beats estimates: IBM Corp. (IBM) beat analysts' fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such as cloud, software and services, sending its shares up about 7%. [Reuters]
Sony to move Europe HQ to Netherlands due of Brexit: Electronics giant Sony is moving its European headquarters from the UK to the Netherlands. In a statement to news agency AFP, it said that the move was to avoid disruptions caused by Brexit. However, it said that it won’t shift people and operations from the existing UK unit. [Yahoo Finance UK]