Check out the companies making headlines in extended trading. CSX — The rail transport and real estate stock ticked up about 1% after CSX beat Wall Street estimates on the top and bottom lines in the first quarter. The railway company posted earnings of 46 cents per share on revenue of $3.68 billion, while analysts … Read more
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. “My view is, let them compete,” Dimon said. “Let them try, and if we think it’s unfair, we’ll complain about that.” Dimon, speaking to CNBC’s Leslie Picker at a … Read more
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter … Read more
Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. It’s a chess … Read more
Check out the companies making headlines in midday trading. Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Super Micro Computer shed nearly 10% even after Rosenblatt issued a price target at a Street high . Advanced Micro Devices sank about 6%, and … Read more
Check out the companies making headlines during premarket trading. Home Depot — Shares slipped about 2.5% after the retailer beat its fiscal fourth-quarter estimates on the top and bottom lines, but issued lower-than-expected guidance. The company forecast full-year revenue growth of 1%, while analysts polled by FactSet expected 1.6%.Net income and sales also fell throughout … Read more