• Bank stocks tracker jumps toward 10-year high after budget bill passes October 20, 2017
    Bank stocks got a bit lift Friday, as the passage of the budget bill by the Senate helped push up Treasury yields. The bill's passage is seen as paving the way for President Trump's proposed tax cuts, could lift longer-term interest rates by boosting economic growth and increasing the deficit, which would increase Treasury supply. The SPDR Financia […]
  • Huntington Bancshares boosts dividend by 38% October 20, 2017
    Huntington Bancshares Inc. said Friday it will raise its quarterly dividend by 38% to 11 cents a share, from 8 cents a share. The Ohio-based bank's new dividend will be payable Jan. 2, 2018 to shareholders of record on Dec. 18. Based on Thursday's stock closing price of $13.98, the new annual dividend rate implies a dividend yield of 3.15%, compare […]
  • UPDATE: Skechers stock zooms 26% premarket after earnings blow past estimates October 20, 2017
    Shares of athletic shoe maker Skechers USA Inc. zoomed more than 26% in premarket trade Friday, after the company blew past earnings estimates for the third quarter. Susquehanna analysts raised their stock price target to $38 from $34 on the news, and said international sales are driving "exceptional growth" while the U.S. business is healthy.
  • Sealed Air's CFO to leave company October 20, 2017
    Sealed Air Corp. said Friday Chief Financial Officer Carol Lowe will leave the packaging company on Oct. 31, after more than five years in the role. The company said Chief Accounting Officer William Stiehl will assume the role of acting CFO. Lowe joined the company as CFO in June 2012. Sealed Air's stock, which was still inactive in premarket trade, has […]
  • PayPal shares jump 3.8% as analysts praise earnings but hold ratings after strong 2017 gains October 20, 2017
    Shares of payment processor PayPal Holdings Inc. surged 3.8% in premarket trade Friday, after better-than-expected third-quarter earnings. Analysts weighing in mostly stuck with their ratings, but many raised stock price targets, including SunTrust Robinson Humphrey's Andrew Jeffrey, who raised his to $75 from $60 while maintaining a hold rating. " […]
  • GE's stock tumbles toward biggest post-earnings fall in over 8 years October 20, 2017
    Shares of General Electric Co. have extended their slide following a rare profit miss, and were now down 6.0% in very active premarket trade, putting them in danger of their worst one-day post-earnings performance in over eight years. Volume topped 1.4 million shares two hours before the open, making the stock the most actively traded in the premarket. This […]
  • Celgene downgraded to neutral at Baird for 'increasing risks to long-term goals' October 20, 2017
    Celgene Corp. was downgraded to neutral at Baird Equity Research on Friday after the drugmaker abandoned three Crohn's disease drug trials late Thursday. Baird analyst Brian Skorney also lowered the company's price target by 16% to $136. Celgene shares, which closed at $135.96 on Thursday, dropped 5.9% in premarket trade Friday. Skorney said the do […]
  • Procter & Gamble's stock falls after results October 20, 2017
    Shares of Procter & Gamble Co. fell 1.2% in premarket trade Friday, after the consumer products company reported fiscal first-quarter profit that rose above expectations but revenue that came up a bit shy. Net income for the quarter to Sept. 30 increased to $2.85 billion, or $1.06 a share, from $2.71 billion, or 96 cents a share, in the same period a yea […]
  • Honeywell shares rise 1.3% after Q3 profit match, revenue beat October 20, 2017
    Honeywell International Inc. shares surged 1.3% in premarket trade Friday after the company reported a third-quarter profit match and revenue beat. Earnings for the latest quarter rose to $1.35 billion, or $1.75 per share, from $1.24 billion, or $1.60 per share in the year-earlier period. The FactSet EPS consensus was $1.75. Revenue rose to $10.12 billion fr […]
  • First Data to acquire BluePay for $760 million in cash October 20, 2017
    First Data Corp. said Friday it has reached a deal to acquire BluePay Holdings Inc. from its owners, including TA Associates and BluePay managers, for $760 million in cash. BluePay is a provider of tech-enabled payment processing with about $19 billion of annual volume and more than 77,000 merchants in the U.S. and Canada. First Data is expecting the deal to […]