NYSE Market News

Morgan Stanley’s Q2 Profit Misses Estimates; Stock Tumbles (MS)

Jul 19 2012 @ 16:07
Morgan Stanley (NYSE:MS) today reported its second-quarter financial results. The New York City-based company reported a sharp decline in second-quarter profit. MS’s revenue for the quarter also fell sharply, sending the stock down sharply in trading today.

International Business Machines Raises Full-Year Earnings Outlook (IBM)

Jul 19 2012 @ 00:49
Technology giant International Business Machines Corp. (NYSE:IBM) raised its earnings outlook for 2012 despite a challenging macro environment.

U.S. Bancorp Q2 Earnings Rise (USB)

Jul 18 2012 @ 09:42
U.S. Bancorp (NYSE:USB), one of the largest regional banks in the U.S., reported an 18% increase in its second quarter profit. The bank lowered its credit costs and posted robust revenue growth in the second quarter of 2012.

Honeywell’s Q2 Profit Beats Estimates (HON)

Jul 18 2012 @ 09:42
Diversified technology and manufacturing company Honeywell International Inc. (NYSE:HON) today reported better-than-expected second-quarter earnings, driven by robust U.S. demand for its building-control systems and specialty systems.

Goldman Sachs Q2 Profit Drops 11% (GS)

Jul 17 2012 @ 10:50
Wall Street giant Goldman Sachs Group Inc. (NYSE:GS) today reported an 11% decline in its second-quarter profit as investment banking revenue fell due to a slowdown in M&A activity.

Bank Stocks Rise Sharply after JP Morgan and Wells Fargo Report Q2 Results (JPM, WFC)

Jul 13 2012 @ 15:20
Bank stocks rose sharply in trading on Friday after JP Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) reported solid second-quarter financial results.

Lexmark Tumbles on Weak Outlook (LXK)

Jul 13 2012 @ 15:19
Lexmark International Inc. (NYSE:LXK), on Thursday, said that its second-quarter financial results were negatively impacted by weak sales in Europe and a stronger dollar. Following the announcement, LXK stock fell sharply in trading on Friday.

SUPERVALU Reports Weak Q1 Results, Suspends Dividend (SVU)

Jul 12 2012 @ 10:11
U.S. supermarket chain SUPERVALU Inc. (NYSE:SVU) reported a sharp decline in its first-quarter profit. The Eden Prairie, Minnesota-based company also suspended its dividend, sending the stock down sharply in early trading today.

Cummins Continues to Slide after Slashing Forecast (CMI, AMAT, AMD)

Jul 11 2012 @ 11:30
Cummins Inc. (NYSE:CMI), on Tuesday, slashed its sales forecast for the full year. CMI stock fell sharply on Tuesday, dragging the Industrials sector down, following the downward revision. The stock has extended its losses in trading today, falling another 2%.

J.C. Penney to Slash 350 HQ Jobs (JCP, KSS)

Jul 11 2012 @ 11:29
J.C. Penney Co. Inc. (NYSE:JCP) announced additional job cuts at its Plano, Texas headquarters. After announcing in April that it would cut 600 headquarter jobs, the company today said that it will slash another 350 headquarter jobs. The retailer is cutting jobs as it looks to bring costs in line with those of its rivals.
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