Wells Fargo & Co (NYSE:WFC) came out with its 2Q2015 results today which showed the Charlotte, NC-based bank had an earnings dip from $5.73 billion in 2Q2014 to $5.72 billion now. JPMorgan Chase & Co. (NYSE:JPM)’s 2Q2015 results reported yesterday saw its earnings rise from $6 billion in 2Q2014 to $6.3 billion now.
Wells Fargo’s EPS rose to $1.03 from $1.01 a year ago while JPMorgan’s Read more […]
Twitter CEO Richard Costolo is leaving the position of CEO on July 01. Jack Dorsey, a Twitter Co-Founder and CEO of payments company Square Inc. will replace him as interim CEO.
Twitter’s Securities and Exchange Commission (SEC) filing announcing Mr. Costolo’s ‘Employment End Date.’
Twitter’ SEC filing announcing Read more […]
Seemingly, Netflix, Inc. (NASDAQ:NFLX) can do no wrong. Today brings news that Netflix investors have given the go-ahead to a big increase in the number of shares the company is authorized to issue, which may well be the first step toward a stock split.
And that has inevitably led to a rise in Netflix’s share price today. The stock is up more than 5% already today.
Netflix now has approval Read more […]
Should you invest in Netflix, Inc. (NASDAQ:NFLX)? Is it going to just keep growing and become more profitable over time?
People would have you believe that that is what is going to happen.
Netflix Is Profitable
One thing to be said in favor of Netflix is that it makes a profit. In the latest 1Q2015 results, it reported a slim net profit of $24 million on a turnover of $1.4 billion. The company Read more […]
As Apple Inc. (NASDAQ:AAPL)’s Worldwide Developers Conference gets underway today, the Apple stock has held remarkably steady over the past three months.
It’s only when you look at the year-to-date (YTD) movements, you see that the stock has risen by more than 13.00% , compared to the S&P 500 index which gained only about 1.41% and the Dow Jones Index which has held steady more or less on Read more […]
Yahoo! Inc. (NASDAQ:YHOO) investors have been premature in reacting to news that the Internal Revenue Service (IRS) is considering changes to rules concerning spinoffs.
In a statement, a Yahoo spokeswoman said it understood that any potential change to the rules would not affect ruling requests that had already been filed.
Yahoo plans to create a new company out of its $33 billion stake in the Read more […]