Deutsche Bank, Royal Caribbean, Honeywell: Trending tickers
Deutsche Bank's (DB) stock is on the rise after the bank announced it will cut 3,500 jobs as part of the company’s plan to reduce costs by $2.7 billion by 2025.
Royal Caribbean Group (RCL) share are flat after reporting its seventh consecutive earnings beat.
Honeywell (HON) shares fell after issuing a disappointing first-quarter forecast.
Watch the video above to hear Yahoo Finance’s Seana Smith and Brad Smith break down some of Thursday's trending tickers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim
Video Transcript
SEANA SMITH: All right, taking a look at some of those individual names. First up, Deutsche Bank, shares moving to the upside after announcing plans to slash 3,500 jobs. Now, the cuts are part of the bank's plan to reduce costs by $2.7 billion by 2025. Deutsche Bank also saying it will boost payouts to shareholders with $1.7 billion in buybacks and dividends.
BRAD SMITH: And Royal Caribbean-- Caribbean? Caribbean, yeah.
SEANA SMITH: Caribbean.
BRAD SMITH: The stock is flat after notching its seventh consecutive quarterly earnings beat before the bell. Cruise operator also reporting a full-year outlook that would set a new company record.
SEANA SMITH: All right, and Honeywell, the stock dropping after the company saw sales miss expectations in its fourth quarter. Also, a weak forecast for the current quarter due to lower demand in its building technologies business. One bright spot though for the company, its aviation division where Boeing and Airbus are its customers. Now, organic sales rising 15%, though you're looking at the stock under pressure today, off just about 4.5%.
