Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Pre-market Movers For Jan 19 (BAC, MS, UNH, EBAY, JCI, BKU, EK, BLK)

Gainers:

Bank of America Corp. (BAC: Quote) is rising over 6 percent to $7.24 as it swung to a profit in its fourth quarter. Total revenue, net of interest expense, increased from the year-ago quarter. The company said it significantly increased capital and liquidity during the quarter.

Morgan Stanley (MS: Quote) is rising 5 percent to $18.24. The company slipped to a loss in its fourth quarter, compared to a profit in the year-ago quarter. On an adjusted basis, the loss was narrower than estimates. Revenues also exceeded expectations. The company said it is well positioned to deliver improved returns to shareholders in 2012 and beyond.

UnitedHealth Group Inc. (UNH: Quote) is gaining 1 percent to $54.54 as the company's fourth quarter profit improved from the prior year period. The company said that the quarter was highlighted by strong enrollment and revenue growth in each of its UnitedHealthcare's benefits businesses and strong revenue growth at all Optum business units.

eBay Inc. (EBAY: Quote) is up over 3 percent to $31.28. The company's fourth quarter profit surged from the prior year, primarily reflecting a gain on the sale of its investment in Skype. Non-GAAP earnings per share and net revenues were above Wall Street estimates. However, the company expects first quarter non-GAAP earnings per share and net revenues below consensus.

F5 Networks, Inc. (FFIV) is gaining over 8 percent to $117.55. The company's first quarter profit rose from the year-ago quarter. Revenue rose 19.9 percent. Both earnings per share and revenue were above Wall Street view.

Decliners:

Johnson Controls, Inc. (JCI: Quote) is falling over 4 percent to $33.99 as the company's first quarter earnings and net sales were below Wall Street view. The company forecast second quarter earnings below consensus and also lowered its fiscal 2012 earnings guidance range.

BankUnited, Inc. (BKU: Quote) is plunging 12 percent to $22.00 as the company scraped its sale process and stated that it will continue as an independent institution.

Trading in shares of Eastman Kodak Co. (EK: Quote) was halted. The company has filed for bankruptcy protection for business reorganization. The company has obtained a $950 million loan from Citigroup Inc. (C) and expects to emerge from the restructuring in 2013.

BlackRock, Inc. (BLK: Quote) is falling nearly 1 percent to $186.05. The company's fourth quarter profit and revenues declined from then last year period. Adjusted earnings per share were above analysts' estimate.

Register
To receive FREE breaking news email alerts for Bank of America Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Policymakers of the Bank of England split on the rate decision in September as two members repeated their call for a quarter- point hike given the rapid absorption of slack with economic growth. The British unemployment rate continued to fall in July, reaching the lowest since late 2008, and jobless claims declined more than expected in August. U.S. astronauts once again will travel to and from the International Space Station from the United States on American spacecraft under groundbreaking contracts NASA announced Tuesday. The US space agency unveiled its selection of Boeing and SpaceX to transport U.S. crews to and from the space station using their CST-100 and Crew Dragon spacecraft, respectively. "From day one, the Obama Administra China's central bank is providing stimulus to the country's largest lenders to boost liquidity amid slowing growth, media reports said Wednesday, citing government and banking sources. The People's Bank of China is injecting CNY 500 billion or $81 billion for a three-month period into the top five...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.