JPMorgan Chase beat Q3 2017 estimate, trading revenue dips 27%

Global investment banking and finance services provider JPMorgan Chase & Co. (NYSE: JPM) reported a better than anticipated fiscal 2017 third-quarter earnings and revenue on last Thursday. However, the stock continued to stay flat due to a 27% decline in

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Citi fined $550,000 by CFTC over improper LEI reporting

The stock of global banking and financial institution Citigroup Inc (NYSE: C) had a tremendous run up in September. The stock, which closed at $73.80 yesterday, had gained about 12% in a month. The hawkish stance of the Fed and

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Orders raining for Boeing, Deutsche bank upgrades PT

Last week, the stock of Boeing Co (NYSE: BA) gained about $10 to record a new yearly high of $256.69. The company has received a series of large orders, including the one from the US government, in September. That was

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Baidu, AMD sign agreement to advance GPU computing

After reporting a 83% y-o-y increase in Q2 net income, the stock of Baidu Inc (NASDAQ: BIDU) has rocketed by about 20% to record a yearly high of $239 last week. A decline in general and traffic acquisition costs enabled

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Alibaba upgraded by analysts on strong Q1 2018 results

The stock of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) recorded a new yearly high of $177, after the company crushed fiscal 2018 first-quarter analysts’ estimates by a huge margin. Impressive growth in cloud and digital entertainment, and continued

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IBM bets on block chain & AI initiatives for future growth

In mid-July, software company International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 second-quarter revenues, compared with the corresponding quarter of fiscal 2016. The 21st sequential decline in quarterly revenue prompted a sell off that saw the

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ING beats Q2 view, gain clients on strong mob banking s/w

Despite reporting better than anticipated fiscal 2017 second-quarter net profit, the stock of ING Group N.V. (NYSE: ING), the largest Dutch financial services company, has lost about 5% to trade at $17.80 levels. A y-o-y decline in net profit was

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Barclays swings to Q2 loss on African stake sale

A totally unexpected charge of £700 million related to mis-selling of payment protection insurance (PPI) and a loss from the sale of African business caused the London-based Barclays Plc (NYSE: BCS) to swing to a loss in the fiscal 2017

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Twitter beats Q2 2017 estimates, MAU growth remains flat

Social media platform Twitter Inc (NYSE: TWTR) reported better than anticipated fiscal 2017 second-quarter results in the last week of July. However, the stock has fallen by more than 10% to about $16 in the past two weeks. The flat

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F5 Networks meets Q3 EPS view, issues weak Q4 outlook

The stock of internet traffic managing software provider F5 Networks, Inc (NASDAQ: FFIV) has lost more than 10% in the past two weeks to trade at about $119. Analysts attribute the decline to the lower than anticipated fiscal 2017 third-quarter

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