Check out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts’ expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analysts’ expectations for its first-quarter adjusted earnings and revenue. BlackRock — Shares of BlackRock fell nearly 2%. The asset manager reported total net inflows that came in below expectations, per StreetAccount. BlackRock posted first-quarter adjusted earnings of $9.81 per share on $4.73 billion of revenue, higher than the $9.35 per share on revenue of $4.68 billion that analysts polled by LSEG, formerly Refinitiv, had forecast. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday’s session. The slide was induced by a report from Fuzzy Panda Research , where the firm disclosed a short position in the stock and made allegations of insurance fraud. Paramount — The entertainment company slipped nearly 2% after disclosing plans to reduce its board to seven directors from 11. Paramount is currently in talks of …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts’ expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analysts’ expectations for its first-quarter adjusted earnings and revenue. BlackRock — Shares of BlackRock fell nearly 2%. The asset manager reported total net inflows that came in below expectations, per StreetAccount. BlackRock posted first-quarter adjusted earnings of $9.81 per share on $4.73 billion of revenue, higher than the $9.35 per share on revenue of $4.68 billion that analysts polled by LSEG, formerly Refinitiv, had forecast. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday’s session. The slide was induced by a report from Fuzzy Panda Research , where the firm disclosed a short position in the stock and made allegations of insurance fraud. Paramount — The entertainment company slipped nearly 2% after disclosing plans to reduce its board to seven directors from 11. Paramount is currently in talks of …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
