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Bank of America Second-Quarter Earnings Beat Expectations

Bank of America (BAC) posted better-than-expected second-quarter earnings on Wednesday, supported by double-digit growth in its consumer banking business, which was helped by rising demand for loans and growing deposits. The Charlotte, NC-based bank reported total revenue of $23.08 billion in the three months ended June 30, up from $22.55 […]

by × July 17, 2019 × 0 comments

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Lufthansa Proposes to Pay Higher Dividend

Lufthansa Proposes to Pay Higher Dividend

Germany’s Lufthansa (LHA.F, LHA.DE, DLAKF), the largest airline in Europe by the number of passengers, has amended its dividend policy, promising to pay out more to shareholders two weeks after lowering its outlook for the full-year 2019. The Cologne-based group, which includes Network Airlines and Eurowings, plans to pay out […]

by × June 24, 2019 × 0 comments

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CarMax Gets Target Boost at RBC

CarMax Gets Target Boost at RBC

CarMax (KMX) had it price target boosted by RBC Capital Markets on Wednesday on expectations that the continued development of its omni-channel offerings will help keep supporting the used-car company’s improving rate of comparable sales. The bank lifted its target on outperform-rating CarMax to $92 from $86 and increased their […]

by × June 19, 2019 × 0 comments

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Broadcom Misses Fiscal Second Quarter Revenue Forecast

Broadcom Misses Fiscal Second Quarter Revenue Forecast

Shares of Broadcom (AVGO) slumped early on Friday after the semiconductor manufacturer reported fiscal second quarter adjusted earnings that topped the market forecast but revenue missed analysts’ expectations. Net revenue rose by 10% to $5.52 billion during the three months that ended May 5, from $5.01 billion a year earlier, […]

by × June 14, 2019 × 0 comments