BA - The Boeing Company
| Previous Close | 369.52 |
| Open | 367.60 |
| Bid | 365.00 x 800 |
| Ask | 365.13 x 900 |
| Day's Range | 364.08 - 368.45 |
| 52 Week Range | 292.47 - 446.01 |
| Volume | 688,852 |
| Avg. Volume | 4,424,648 |
| Market Cap | 205.007B |
| Beta (3Y Monthly) | 1.33 |
| PE Ratio (TTM) | 20.86 |
| EPS (TTM) | 17.47 |
| Earnings Date | Jul 24, 2019 |
| Forward Dividend & Yield | 8.22 (2.22%) |
| Ex-Dividend Date | 2019-08-08 |
| 1y Target Est | 416.38 |
- Reuters•23 minutes ago
Airbus closes in on Air France jetliner deal - sources
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said. The deal could include as many as 50-70 Canadian-designed A220 jets, formerly known as CSeries, to replace Air France's ageing fleet of roughly 50 A318 and A319 aircraft, they said. Air France is also expected to pick the A320neo family to replace approximately 40 earlier versions of the Airbus A320 that are up to 18 years old.
- Reuters•27 minutes ago
UPDATE 1-Airbus closes in on Air France jetliner deal - sources
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said. The deal could include as many as 50-70 Canadian-designed A220 jets, formerly known as CSeries, to replace Air France's ageing fleet of roughly 50 A318 and A319 aircraft, they said. Air France is also expected to pick the A320neo family to replace approximately 40 earlier versions of the Airbus A320 that are up to 18 years old.
- Reuters•2 hours ago
UPDATE 1-Southwest removes Boeing 737 MAX from schedule until Nov. 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring. Dallas-based Southwest said on Thursday it would schedule without the 737 MAX until Nov. 2, a decision that proactively removes about 180 daily flights from its schedule, more than the 150 daily flights it was removing through early October. Boeing's top-selling 737 MAX was grounded worldwide in March after two deadly crashes in Indonesia and Ethiopia that together killed 346 people.
- Zacks•2 hours ago
Amazon Sees $100 Billion Opportunity in Project Kuiper
Amazon's online retail segment and space wing stand to gain immensely from its Internet network worldwide.
- Reuters•2 hours ago
Southwest removes Boeing 737 MAX from schedule until November 2, freezes pilot hiring
Dallas-based Southwest said on Thursday it would schedule without the 737 MAX until Nov. 2, a decision that proactively removes about 180 daily flights from its schedule, more than the 150 daily flights it was removing through early October. Boeing's top-selling 737 MAX was grounded worldwide in March after two deadly crashes in Indonesia and Ethiopia that together killed 346 people. Deliveries also are on hold, meaning the pain for airlines like Southwest that were depending on receiving new jets this year is worsening.
- Reuters•4 hours ago
UPDATE 1-Honeywell beats quarterly profit estimates, raises 2019 forecast
- MarketWatch•5 hours ago
Boeing planes vulnerable to cellphone interference: report
Potentially hundreds of Boeing 737 and 777 planes worldwide are flying with unsafe systems vulnerable to passenger cellphones, Bloomberg News reported, citing a 2014 Federal Aviation Administration safety bulletin. The display units vulnerable to interference were made by Honeywell International , which says it is only aware of one case where all six display units in a 737 went blank, which was caused by a software problem that has been fixed and been flight tested. Boeing found the interference only in a lab test in 2012, the report said.
- Reuters•10 hours ago
PRESS DIGEST -Wall Street Journal - July 18
- Investor's Business Daily•18 hours ago
Top Stocks For Next Space Race, 50 Years After Apollo 11 Moon Landing
Half a century after Apollo 11, these legacy space companies and upstarts are working to return astronauts to the moon and venture onward to Mars.
- Barrons.com•21 hours ago
How Much Boeing Stock Is Worth If the 737 MAX Never Flies Again
It’s now likely Boeing’s troubled 737 MAX jets won’t return to service until 2020. But the stock’s reaction has been muted. Should investors be thinking about a life for Boeing without the MAX?
- Reuters•21 hours ago
United says may not receive full delivery of 737 MAX by next year
- Zacks•yesterday
Boeing (BA) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Boeing (BA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Reuters•yesterday
UPDATE 6-Boeing to make $50 mln in payments to 737 MAX crash victims' families
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution. The announcement of Feinberg's hiring came minutes before a U.S. House of Representatives hearing featuring dramatic testimony by Paul Njoroge, a father who lost three children, his wife and mother-in-law in a 737 MAX Ethiopian Air crash in March.
- Barrons.com•yesterday
United Airlines’ Strong Earnings Show It Dodged a Bullet
The airline’s stock is rising on Wednesday morning, following its upbeat second-quarter earnings, which comes despite the ongoing grounding of the Boeing 737 Max aircraft.
- Reuters•yesterday
Boeing to make $50 million in payments to 737 MAX crash victims' families
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution. The announcement of Feinberg's hiring came minutes before a U.S. House of Representatives hearing featuring dramatic testimony by Paul Njoroge, a father who lost three children, his wife and mother-in-law in a 737 MAX Ethiopian Air crash in March. Feinberg told Reuters his team will "start immediately drafting a claims protocol for those eligible," with the first meeting with officials from Chicago-based Boeing later this week in Washington.
- PR Newswire•yesterday
Boeing Dedicates $50 Million of Pledged $100 Million to Near-term Relief for Families of the Victims of the Lion Air Flight 610 and Ethiopian Airlines Flight 302 Accidents
CHICAGO, July 17, 2019 /PRNewswire/ -- Boeing [NYSE: BA] announced that it has dedicated $50 million of a previously announced $100 million fund to provide near-term financial assistance to families of the victims of the Lion Air Flight 610 and Ethiopian Flight 302 accidents. Boeing also announced that it has retained Kenneth Feinberg and Camille Biros, renowned experts in establishing and overseeing victims' compensation funds, to design and administer the fund.
- Market Realist•yesterday
United Airlines Gains on Q2 Earnings Beat and Outlook
United Airlines' Q2 earnings of $4.21 surpassed Wall Street analysts’ consensus estimate of $4.09 and marked YoY growth of 30%.
- TheStreet.com•yesterday
Boeing to Spend $50 Million for MAX Crash Victims' Families
Boeing will use half of a $100 million fund for near-term financial aid for families of the victims killed in two crashes involving the troubled 737 MAX jet.
- Bloomberg•yesterday
Deutsche Bank Is Cutting Tech Spending as Digital Revolution Rages
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.At the heart of Chief Executive Officer Christian Sewing’s turnaround plan for Deutsche Bank AG is a contrarian bet: that he can cut spending on technology while gaining ground on the competition.Even with the digital revolution in finance accelerating, Deutsche Bank expects to trim its annual outlays on tech to 2.9 billion euros ($3.3 billion) in 2022 from a peak of 4.2 billion euros this year.“Deutsche Bank would probably love to be spending more on technology, but they need money for other parts of their restructuring,” said Pierre Drach, managing director of Independent Research in Frankfurt. “It’s pretty much impossible for European banks to catch up with the Americans at this stage.”Sewing’s team says it’s made progress in fixing information networks that his predecessor called “antiquated and inadequate.” Years of expansion left it with systems that couldn’t communicate with each other and didn’t adequately track its business. The bank, which has spent almost $18.5 billion on legal settlements and fines since 2008, has also suggested that the past breakdown in controls stemmed in part from weak systems.The 4.2 billion euros Deutsche Bank has budgeted this year to maintain and modernize its systems represents a fraction of the $11.5 billion JPMorgan Chase & Co. shells out. "You have to spend to win" with new technologies, Jamie Dimon, the bank’s CEO, said Tuesday.The gap is set to widen as the German chief executive wants to cut technology costs by almost a quarter. European banks, meanwhile, are forecast to increase tech spending at a 4.8% annual rate through 2022, according to the consulting firm Celent.“We continue to invest in IT to serve clients better, become safer, more efficient and better controlled,” Senthuran Shanmugasivam, a Deutsche Bank spokesman, said in response to questions from Bloomberg. “Despite our smaller footprint, our investment plans in 2019 are broadly unchanged as we reallocate resources to our core businesses.”It’s all part of a retrenchment Sewing announced last week to exit equities sales and trading and eliminate 18,000 jobs. Deutsche Bank aims to cut adjusted costs to 17 billion euros in 2022 from 22.8 billion euros last year; the share of technology expenses would remain stable over that time period.The company can modernize systems while spending less, for example by moving most of its applications to the cloud, according to Frank Kuhnke, who oversees its technology. He said Deutsche Bank has already cut the cost of crunching data by more than 30% since 2016 even as it increased computing capacity by about 12% a year to meet regulatory demands.Still, Deutsche Bank needs “to make a further step change in embracing technology,” Sewing told analysts last week.New HiresThe CEO has brought in new talent to do that. Bernd Leukert, who left the management board of software company SAP SE earlier this year, will start in September. Neal Pawar will join as chief information officer from AQR Capital Management the same month.Hiring outsiders hasn’t been a panacea in the past. Kim Hammonds, a former Boeing Co. executive, spent about four and a half years rebuilding the bank’s systems only to be ousted in 2018 after reportedly calling the bank “the most dysfunctional company” she’d ever worked for.Deutsche Bank expects its retrenchment from businesses to allow it to focus on its core operations. It will also save about 300 million euros by 2022 by shedding almost 5,000 external IT contractors and replacing them with internal staff at a lower cost. The integration of consumer lender Postbank will avoid duplication of expenses.The digital revolution is upending all aspects of finance -- from taking deposits to bond trading, a traditional Deutsche Bank strength. Citigroup Inc. has created a fintech division to invest in debt-market technologies while Spain’s Banco Bilbao Vizcaya Argentaria SA has created a unit to automate trade processes and generate intelligence from data. Dutch bank ING Groep NV has used artificial intelligence to win 20% more bond trades and cut costs.Cutting tech costs is also notoriously difficult.A three-year initiative announced in 2012 failed to stop technology spending from ballooning 44% by 2015. That was the year that then-CEO John Cryan said he would reduce the number of operating systems from 45 to four in 2020. Deutsche Bank still has 26, Sewing told investors in May. He kept the goal of eventually cutting them to four, but says the lender will need to run 10 to 15 systems for the foreseeable future.“Everyone knows that Deutsche Bank’s systems are a mess and I think they will have to end up spending more,” said Drach. “The fact that their new technology head hasn’t come on board yet gives them a good narrative for increasing the ultimate amount.”\--With assistance from Katie Linsell.To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, James Hertling, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch•yesterday
Washington Monument gets turned into a life-sized rocket for Apollo 11 anniversary
The Smithsonian Institution’s National Air and Space Museum is projecting a life-sized, animated image of a Saturn V rocket on the launch pad onto the face of the Washington Monument in honor of the 50th anniversary of the Apollo 11 mission, which culminated with the first men walking on the moon.
- MarketWatch•2 days ago
The business lesson from Apollo 11 that we shouldn’t forget
As we celebrate the 50th anniversary of the Apollo 11 moon landing this month, much of our attention will be on the “what” and the “who” — the technology that took us there and the heroic teams of astronauts and engineers who did it. NASA didn’t achieve Apollo on its own. A simple piece of paper, it defined a reachable project goal, a technological endpoint.
- Yahoo Finance Video•23 hours ago
Former NASA admin reflects on Apollo 11's 50th anniversary
June 20th marks the 50th anniversary since Apollo 11's crew walked on the moon. On that day, Neil Armstrong famously said the words "One small step for man, one giant leap for mankind." Former NASA administrator and current Syracuse University professor Sean O'Keefe joins Yahoo Finance's First Trade to discuss the anniversary and overall aerospace industry.
- CBS News Videos•yesterday
Families of Boeing 737 Max crash victims to testify on Capitol Hill
Families still grieving after deadly Boeing 737 Max plane crashes are expected to testify on Capitol Hill for the first time Wednesday morning. Two recent crashes in Indonesia and Ethiopia left 346 people dead -- and there’s growing concern the MAX won't be ready to fly again until 2020. Kris Van Cleave reports.
