Goldman Sachs is reportedly expected to announce weak quarterly earnings on Tuesday (Oct. 17) as a result of a slowdown in deal making and its withdrawal from the consumer business. The investment bank’s third-quarter earnings per share (EPS) are estimated to decline by 36% compared...
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79% year-to-date, Seeking Alpha reported Thursday. Despite the downgrade, Shirvaikar maintains a positive view on Paymentus’ fundamentals,...
Wheels Up Experience shares have taken a significant hit, dropping by 60.38% in value to close Thursday (June 22) at $1.24 a share due to the reported recent hiring of restructuring lawyers, which has sparked market speculation about its financial stability. In a brief statement issued on...
One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30). By Wednesday morning (May 31), they were down about 4%. But year-to-date, they’ve rallied more than 180%. There are any...
February 25, 2020
The world of 1997 may not initially present itself as a radically different place from today, but a stroll down memory lane quickly proves otherwise. Amazon was a three-year-old online bookstore that had recently launched its IPO with a stock price of around $20. The internet was dial-up nearly everywhere, with high-speed offerings largely limited […]
February 12, 2020
With a slight miss on earnings and revenue numbers and year-on-year declines in both areas, investors seemed a bit nervous in after-hours trading Tuesday (Feb 11) when Western Union reported...
September 06, 2019
IPOs are a bit like dating -- firms want to be as attractive as possible to investors getting in at the public debut. Money-losing WeWork is reportedly mulling slashing its...
September 04, 2017
The 1960s TV show “Lost in Space” featured a robot that would stand pat, robot arms akimbo, shouting in its robot voice, “Danger, Will Robinson, danger!” The filming was crude,...
October 27, 2023
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon and his family plan to sell 1 million shares of JPMorgan stock. They are doing so for financial diversification and tax-planning purposes, starting in 2024, the bank said in a Friday (Oct. 27) filing with the Securities and Exchange Commission (SEC). “This is Mr. Dimon’s first such stock sale during his tenure at […]
October 12, 2023
Goldman Sachs is reportedly expected to announce weak quarterly earnings on Tuesday (Oct. 17) as a result of a slowdown in deal making and its withdrawal from the consumer business....
October 05, 2023
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79%...
June 23, 2023
Wheels Up Experience shares have taken a significant hit, dropping by 60.38% in value to close Thursday (June 22) at $1.24 a share due to the reported recent hiring of...
