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  • Third Quarter Earnings Season Starts - 16 October 2014
  • JP Morgan Chase started the ball rolling in third quarter earnings for the banking sector, reporting $5.57 billion third quarter profit – results much different from the $380 million loss reported for the same period last year. A boost to the fixed income trading unit of the nation's largest bank was one of the motivating factors behind the turnaround, as fixed income revenues rose 2.1 percent year-on-year to beat analysts' forecasts. Earnings were weakened by the $1.1 billion reserved for legal costs*, resulting in a drop of 26 cents per share. Nonetheless, JP Morgan's results have raised investors' hopes that other Wall Street financial institutions will present favorable results in the coming weeks.

  • Facebook, Apple Exceed First Quarter Expectations - 24 April 2014
  • Six days of gains on Wall Street came to an end Wednesday with the S&P 500 index slipping 0.2 percent to 1,875, the Dow Jones industrial average losing 0.1 percent to close at 16,502, and the NASDAQ Composite closing at 4,127 – a decline of 0.8 percent. Facebook shares closed down more than 2 percent at $61.36, but after the closing bell were up $1.50, boosted by the release of the company's quarterly results. Facebook's success in the first quarter of 2014 is being attributed primarily to strong growth in the social media company's mobile advertising business, with revenue climbing by 72 percent to $2.5 billion, exceeding analyst expectations of $2.36 billion.

  • Second Quarter Results Boost Facebook Shares - 25 July 2013
  • Facebook continues to redeem itself with investors after its much-publicized, debated and, some might say disastrous, IPO in May 2012. The company's second quarter results reveal that Facebook continues to increase its overall user base, with its mobile users increasing by 51 percent over the last year. It's this market that Facebook has been focusing on for advertising, clearly with much success. Of Facebook's $1.81 billion in revenue, $1.6 billion came from advertising, being an increase of 61 percent from last year. Up to 41 percent of the advertising revenue came from mobile devices. The balance of the revenue was derived from payments (most notably game payments) and other fees. Facebook shares climbed by 19 percent in afterhours trading on Wednesday night, closing at $31.81, which is still below the May 2012 price of $35.

  • Europe Resolution Boosts Investor Confidence - 27 October 2011
  • Tuesday saw a sharp drop in US stocks ahead of the EU summit to be held the following day. By Wednesday afternoon investors began gaining confidence that European authorities would agree upon a workable solution to Eurozone woes. Following an uneasy day on Wall Street, all major indexes ended the trading day higher with the S&P 500 moving up 13 points, the Dow Jones industrial average adding 162 points, and the Nasdaq composite climbing 12 points, being 1 percent, 1.4 percent and 0.5 percent respectively. Although details of the plan to bring Europe's debt crisis under control, and to assist its banking sector, still need clarification and fleshing out, the very fact that an agreement has been reached on how to move forward was enough to boost investor confidence to a degree.

  • Third Quarter Earnings High on Wall Street Agenda - 17 October 2011
  • Following a two-day meeting in Paris, finance ministers from the G20 countries revealed that they will take whatever action deemed necessary to ensure sufficient capitalization of banks and to stabilize wavering global financial markets. This pledge from the world's most powerful and influential economies comes hot on the heels of pledges by France and Germany to work together to rescue Eurozone countries in crisis. In a statement by US Treasury Secretary Tim Geithner he noted that delegates at the weekend meeting heard encouraging things from European authorities regarding a comprehensive strategy to deal with Europe’s financial crisis.

  • Europe Crisis, Stagnant Job Market Plague Investors - 5 September 2011
  • Investors face a new week on Wall Street with Europe's financial crisis and non-existent job growth fuelling fears of a double-dip recession. While some analysts are of the opinion that the United States is likely to avoid a recession, even if only by a narrow margin, others feel that it is only a matter of time before the economy slips into recession territory. Last week’s report of zero job growth, among other factors, resulted in consumer confidence falling to its lowest level since August 2009. With consumers fearful of job losses, the majority of consumers are holding back on buying anything that is not considered to be an absolute necessity, which in turn hits retailers and consumer product suppliers as trade slows down, and the economy slows down with it.

  • Wall Street Spotlight on US Credit Rating, Corp Earnings - 1 August 2011
  • Following the announcement by US President Obama that an agreement had been reached on dealing with the country's debt ceiling, markets in Asia responded positively. Although the proposal to raise the US debt ceiling and make significant cuts in spending still needs to be approved by congress, analysts are anticipating that the response in Asian markets will carry through to Wall Street in the first day or two of the upcoming week, before the reality of the struggling jobs and housing market, along with the battle between upbeat corporate earnings and the fragile economic outlook, may curb investor enthusiasm.


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