Nasdaq, the Dow, and the S&P 500 all ended in the red today. Despite all the major indexes ending in the red, there were a few major stocks that ended in the green. Wells Fargo & Company (NYSE:WFC) and Ford (NYSE:F) led the NYSE today. Let’s take a closer look at each company’s stock price and movement recently.
Wells Fargo & Company
On Friday, Wells Fargo released its Q3 earnings results. On Friday, WFC shares were all over the map, but today, the bank’s shares were on a steady incline.
The results:
- Net income of $6.0 billion, compared to $4.5 billion in Q3 2017.
- Diluted earnings per share (EPS) of $1.13, compared with $0.83.
- Revenue of $21.9 billion, up from $21.8 billion.
According to Yahoo Finance, the bank’s stock price closed the day at $53.25 a share, up +$1.14 (+2.19%).
Ford Motor Company
Ford Motor Company will release its Q3 financial results on Wednesday, October 24th at 4:15 PM EDT. Last week, the motor company announced that it has reportedly lost $1 billion in revenue since President Trump implemented his new tariffs in North America. At that time, its stock price dropped dramatically but has since recovered.
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Ford told its employees that the company would be facing job cuts as part of a new restructuring plan, to recoup lost revenue.
“Yesterday, we told our employees that we were in the early stages of an organizational redesign of the global salaried workforce,” Karen Hampton, a Ford spokeswoman, said in an interview Friday.
The car manufacturer imports a decent amount of vehicles from its plants in Mexico, and the President threatened to impose heavy tariffs on the company if it didn’t move its operations to the US. Instead, Ford Motors moved its operations to China.
According to Yahoo Finance, Ford Motors’ stock closed the market at $8.81 a share, up +$0.17 (+1.97%).
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