This morning, Jefferies increased its price target on shares of American Express (AXP) to $88 following strong earnings last night. In the report, Jefferies increased its EPS estimates and maintained its neutral rating.
This morning, UBS increased its price target on shares of American Express (AXP) to $95 as the company buying back more shares. With the higher price target, UBS increased its EPS estimates as well while maintaining its neutral rating.
This afternoon, American Express (AXP) declared its quarterly dividend of 23 cents per share, maintaining the amount paid to shareholders the prior quarter. Based on the current stock price, investors can expect a yield of about 1.1% going forward.
Goldman Sachs Group Inc. (NYSE: GS) on Thursday reported fiscal a fourth-quarter profit of $4.60 per share, above analysts’ estimates, while revenue also topped Street consensus. Shares of Goldman fell 1.54 percent to $176 in morning trading. Citigroup Inc. (NYSE: C) posted a quarterly profit of 82 cents per share, excluding items, which came in 13 cents below Wall Street estimates, as revenue missed as well. Shares of Citigroup dropped 3.71 percent to $52.95. The Dow Jones industrial averag
This morning, DTE Energy (DTE) declared its quarterly dividend of 65.5 cents per share, an increase of about 6% over its prior dividend. Based on the current stock price, investors can expect a yield of about 3.6% going forward.
Verizon Communications Inc. (NYSE: VZ) reported a fiscal fourth-quarter profit of $5.07 billion, or $1.76 a share, compared with a loss of $4.23 billion, or $1.48 a share, a year ago. Meanwhile, revenue increased to $31.07 billion, from $30.05 billion a year earlier. On Tuesday, shares of Verizon fell 2.81 percent to $46.99 in mid-day trading. Halliburton Company (NYSE: HAL) reported a fiscal fourth-quarter profit of $793 million, or 93 cents a share, compared with $669 million, or 72 cents a
TriNet Group, Inc. made its public debut on the New York Stock Exchange on Thursday, March 27 pricing of its initial public offering of 15 million shares of common stock at a price to the public of $16 per share under the ticker symbol "TNET." On Thursday, TNET shares opened at $18 per share. Burton M. Goldfield, president and chief executive officer of TriNet Group, celebrated the occasion by ringing the opening bell.
American Express (AXP) declared a regular quarterly dividend of $0.23 per common share, payable on May 9, 2014 to shareholders of record on April 4, 2014. Hormel Foods (HRL) announced its quarterly dividend on the common stock of twenty cents a share on March 24, 2014, will be paid May 15, 2014, to stockholders of record at the close of business on April 21, 2014.
In early trading on Wednesday, shares of American Express (AXP) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.0%. Year to date, American Express has lost about 0.9% of its value.
This morning, Macy's (M) declared its quarterly dividend of 31.25 cents per share, an increase of about 25% over its prior dividend. Based on the current stock price, investors can expect a yield of about 2.2% going forward.
This morning, Nomura raised its price target on shares of American Express (AXP) to $89 as the firm believe consensus estimates may be too low for the coming quarters. With the higher price target, Nomura reiterated its buy rating.
Ford Motor Company (NYSE: F) reported fiscal fourth-quarter profit rose to $3.04 billion, or 74 cents a share, from $1.60 billion, or 40 cents a share, a year earlier. Revenue increased to $37.6 billion, from $36.3 billion a year ago. Adjusted EPS came in at 31 cents a share. Wall Street had expected earnings of 28 cents a share on revenue of $34.96 billion, according to analysts polled by FactSet. On Tuesday, shares of Ford edged down 0.32 percent to $15.66 in afternoon trading. Apple Inc. (
Verizon Communications Inc. (NYSE: VZ) on Monday said it would see higher margins in 2014, after the completion of its deal to buy the 45 percent of Verizon Wireless from Vodafone. On Monday, shares of Verizon Communications were down 1.21 percent to $46.70 in morning trading. Over the weekend, Apple Inc. (NASDAQ: AAPL) released a software update for its iOS devices that dealt with an encryption failure. Apple stock edged up 0.57 percent to $528.30. The Dow Jones industrial average jumped 124