FinancialBuzz.com’s latest Buzz on the Street Show: Featuring our Banking & Tech Report on JPMorgan Chase & Co., Bank of America Corp., International Business Machines Corp. and Netflix, Inc.
JPMorgan Chase & Co. (NYSE: JPM) shares rose by 4% on Tuesday after reporting stronger-than-expected results, the bank reported third-quarter earnings of 2.68 cents per share on revenues of 30.1 Billion dollars.
Bank of America Corp.’s (NYSE: BAC) shares then edged higher by 3% on Wednesday as it reported earnings of USD 0.56 per share. The bank’s average deposit balances increased to 1.4 Trillion dollars while various loans grew by 6%
Then, in the tech sector, Netflix, Inc. (NASDAQ: NFLX) shares rose by 11% during extended trading hours on Wednesday after topping analysts’ estimates for earnings and international subscribers. Nevertheless, the streamer fell short of revenue estimates by .01 billion dollars
Lastly, International Business Machines Corp. (NYSE: IBM) shares fell by 6% on Thursday morning after the company reported weaker than expected revenues. Earnings of USD 2.68 per share on revenues of USD 18.03 Billion were just not good enough, pushing its streak of consecutive quarters of declining revenue to 5.
The NASDAQ Stock Exchange is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the big apple.
The New York Stock Exchange (NYSE) is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world’s largest stock exchange by market capitalization of its listed companies.
About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.