BlackRock, Inc. (BLK) shares are flat in pre-market trading Wednesday after the company reported its third-quarter earnings results.
The world’s largest asset manager posted non-GAAP earnings of $5.00/share on revenues of $2.91 billion. Analysts were expecting EPS of $4.57 on revenues of $2.80 billion.
BlackRock shares have lost 12% of their value since the beginning of the year. The stock has gained almost 4% in the last 12 months.
—
Bank of America Corporation (BAC) reported third-quarter EPS of $0.37 before the opening bell Wednesday, compared to the consensus estimate of $0.33. Revenues decreased 2.4% from last year to $20.91 billion. Analysts expected revenues of $20.84 billion. The bank’s Q3 total deposits increased by $50 billion, or 4%, to $1.16 trillion.
BAC is currently up $0.25, or 1.61%, to $15.71 on 780K shares.
—
Delta Air Lines, Inc. (DAL) rallied $1.07 to $48.80 in pre-market trading after it reported fiscal-third quarter earnings.
The U.S. airline handed in earnings of $1.74 per share on revenue of $11.11 billion, beating Wall Street estimates of $1.72 per share on revenue of $11.10 billion.
DAL currently prints a one year return of about 56% and a year-to-date loss of 2.29%.
—
Shares of Wells Fargo & Company (WFC) are down $0.58 to $51.28 after the biggest U.S. residential mortgage lender reported third-quarter earnings of $21.88 billion or $1.05 per share. Analysts had been modeling $21.63 billion and $1.04 per share.
WFC currently prints a one year return of about 6.07% and a year-to-date loss of around 3.50%.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply