Everything You Need to Know About CIT Group’s Q2 Earnings Report
On Tuesday, CIT Group Inc. (NYSE:$CIT) reported earnings for the second quarter, and it does not look good. The New York City-based company said that its Q2 profit dropped to $41 million ($0.22 per share). ... [Read]
Investors Are Calling Rite Aid the Forbidden Fruit of Eden
The retail industry has been crumbling as of late, and drugstore chain Rite Aid Corp. (NYSE:$RAD) is no exception. It all started after a merger deal with Walgreens Boots Alliance Inc. (NASDAQ:$WBA) fell through on ... [Read]
Wells Fargo’s Preferred Stock, Series A Stock, Went Above 6% Yield Mark Today
In trading on July 21, shares of Wells Fargo’s (NYSE:$WFC) 6.375% Cumulative Perpetual Preferred Stock, Series A (WFE.PRA) crossed the 6% yield mark based on its quarterly dividend, with shares changing hands as low as ... [Read]
Bank of America Chooses Ireland as its New European Union Base
On Friday, July 21, Bank of America (NYSE:$BAC) became the first Wall Street lender to choose Dublin, Ireland as its new European Union base. The decision comes as Britain prepares to follow through with Brexit. ... [Read]
Visa Inc. Has Increased its Annual Earnings Forecast
On July 20, Visa Inc. (NYSE:$V), one of the largest payment network operators in the world, reported that it beat profit estimates and increased its annual earnings forecast, as more and more people across the ... [Read]
PayPal Has Entered into Partnership With JPMorgan
Guess what? Two of the highest-profile companies supporting mobile wallets in the United States have joined forces. On Thursday, PayPal Inc. (NASDAQ:$PYPL) and JPMorgan Chase & Co. (NYSE:$JPM) announced that they would enter a partnership, ... [Read]
Bank of America’s National System Outage Spooks Customers
On July 19, Bank of America (NYSE:$BAC) system outage shut customers out of their accounts for several hours. Eric Sleeper, a Coral Springs resident, stated that he got an unsettling email from the bank on ... [Read]
Blackstone Says This Is Why Shopping Mall Retailers Are Suffering
As online retail becomes increasingly relevant, shopping malls will continue to suffer. Being the largest real estate investor in the world, Blackstone (NYSE:$BX) has pushed this sentiment, warning experts of dark times that are ensuing ... [Read]
Stocks Investors Need to Watch For Starting July 19
We’ve reached that time of year again – earnings report time. And as a result, there are a number of events on the calendar for the week starting July 19. Here are 10 key events ... [Read]
This is Why Wells Fargo’s Second Quarter Results Shouldn’t Change Your Stance on the Stock
Major U.S. bank Wells Fargo (NYSE:$WFC) released its second quarter report on July 14, 2017. Although it surpassed bottom line expectations from analysts, the the top line estimates weren’t met. Upon the release of the ... [Read]