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Instablog9ja
47 m
13
Naira Marley has advised Nigerians to take care of home before impressing the street.
He said you should take of home before impressing the street.
Wells Fargo Stock Rises As Q3 Profit Falls Less Than Expected
Wells Fargo (WFC) Shares Rose Rough...
Investopedia
48 m
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Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit.
The lender reported $5.11 billion in net income for the quarter, down from $5.77 billion last year but nearly half a billion dollars better than analysts had expected, according to consensus estimates compiled by Visible Alpha.
Wells Fargo's revenue also was down year-over-year at $20.37 billion but came in slightly above estimates. Net interest income (NII) fell more than analysts expected to $11.69 billion.
In addition to Wells Fargo, JPMorgan Chase (JPM) reported earnings Friday, with a number of competitors like Bank of America (BAC) and Goldman Sachs (GS) set to follow next week. Investors will be looking to see how the banks plan to adjust after the Federal Reserve last month cut interest rates for the first time since 2020.
Shares of Wells Fargo were up nearly 6% to $61.14 Friday morning. They have gained nearly 25% this year.
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Instablog9ja
2 hrs
9
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), has lost his 25-year-old daughter, Fatima.
Details of her death were sketchy as of the time of filing this report, but NAN reported that the deceased named Fatima passed away on Friday.
Vice-President Kashim Shettima has condoled with the CEO over the tragic incident. Shettima, who prayed for the peaceful repose of the deceased, asked God to grant the family members the strength to bear the painful exit of their daughter, who was in her prime.
NAN reports that the Vice-President led other mourners at the funeral prayer, held at the Annur Mosque in Abuja.
Investopedia
2 hrs
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JPMorgan Chase (JPM) shares are rising in premarket trading after its results beat estimates; investors are watching wholesale inflation numbers following yesterday's CPI report; Tesla (TSLA) shares are sinking after unveiling its "Cybercab"; Warren Buffett's Berkshire Hathaway (BRK.A) reduces its stake in Bank of America (BAC) to below 10%; and shares of Advanced Micro Devices (AMD) are rebounding slightly after falling yesterday following an artificial intelligence (AI) event. Here's what investors need to know today.
Shares of JPMorgan Chase (JPM) are rising about 1.5% in premarket trading after the world's largest bank by market cap reported earnings per share (EPS) of $4.37 on revenue of $42.65 billion, above consensus estimates of analysts compiled by Visible Alpha of $3.97 and $40.85 billion, respectively. JPMorgan shares have gained more than 25% this year.
After yesterday’s Consumer Price Index (CPI) indicated that inflation isn't falling as fast as some economists expected, investors will be closely watching another data point with today's 8:30 a.m. ET release of the wholesale-focused Producer Price Index (PPI). Economists surveyed by and projected that prices at the wholesale level will have increased by 0.1% in September from the prior month, down from a 0.2% rise in August.
Tesla (TSLA) shares are dropping 6% in premarket trading after the electric vehicle maker unveiled several new products at an event yesterday, including its highly anticipated "Cybercab" robotaxi. Tesla also showed off a larger version of the autonomous vehicle called a "Robovan," as well as its Optimus humanoid robot. Tesla Chief Executive Officer (CEO) Elon Musk said that the Cybercab would cost about $30,000 and be in production by 2026.
Berkshire Hathaway (BRK.A) continues to reduce its stake in Bank of America (BAC). According to a Thursday filing with the Securities and Exchange Commission (SEC), Berkshire CEO Warren Buffett sold more than 9.5 million shares of the bank's stock. The move lowers Berkshire's stake in Bank of America to less than 10%, meaning it will face fewer reporting requirements from the SEC. Shares of Bank of America are up about 2% in premarket trading.
Shares of Advanced Micro Devices (AMD) are rebounding by about 1% in premarket trading after they fell about 4% in the prior session following an event to show off the chipmaker's next generation of artificial intelligence (AI) technology. At the event, AMD unveiled its fifth-generation EPYC server processor, as well as its Instinct MI300X series Graphics Processing Unit (GPU) chip and other technology. The lineup initially failed to excite investors who are eager to see the company take on Nvidia (NVDA).
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Instablog9ja
3 hrs
11
An influencer has written about the current realities faced by some Nigerian parents and their children.
He said 500 Naira is now the minimum parents give their children to go to school with daily if the school is close by. If it’s far, 1000 Naira. If the child doesn’t eat before leaving home in the morning, 1500, he used to collect 70 Naira to run the entire day.
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What You Need To Know Ahead Of Johnson & Johnson's Earnings
Johnson & Johnson (JNJ) Reports...
Investopedia
3 hrs
9
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Johnson & Johnson (JNJ) reports earnings Tuesday morning for the third quarter, with analysts expecting the company's revenue and profit to rise year-on-year.
Analysts see Johnson & Johnson reporting $22.2 billion in revenue, nearly 4% above last year's $21.4 billion in the same quarter, according to estimates compiled by Visible Alpha. Net income is expected to rise slightly to $4.4 billion, compared with $4.3 billion last year.
In the third quarter of 2023, Johnson & Johnson also posted a $21 billion one-time gain for discontinuing operations, as it completed the spinoff of its consumer products division, including products like Tylenol and Band-Aids, into its own public company called Kenvue (KVUE).
The company has shifted its full-year outlook in each of its first two quarters, and recently said it expects to do so again. In the first quarter, the company narrowed its full-year sales and profit estimates, and in the second quarter lifted its sales estimates while lowering profit projections to account for recent acquisitions.
On Wednesday, the pharmaceutical and medical device company said it will provide a new update after announcing this week the closing of its acquisition of V-Wave, which develops a number of treatments for heart failure. It announced the deal, valued at up to $1.7 billion, in August.
The V-Wave acquisition is one of several the company has announced this year, as it has spent billions to expand its portfolio of drugs across a number of segments like cancer treatment and cardiovascular health.
Johnson & Johnson currently has about 100 drugs in its development pipeline, from varying stages of clinical trials up to those having been submitted to the Food and Drug Administration (FDA) or international regulators.
Johnson & Johnson stock was little changed Thursday at $160.51. The shares are a bit more than 2% higher than they were to start the year.
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