Check out which companies are making headlines before the bell: Bank of America – The bank reported quarterly profit of 48 cents per share, three cents a share above estimates. Revenue also beat forecasts. The bank was helped by improved lending activity, as well as higher interest rates. PNC Financial – PNC came in three […]

The SPDR S&P Retail ETF (XRT) is having its worst week since December 2016, but Boris Schlossberg says there is a strong case for buying the most recent retail dip. The XRT fell 1.3 percent Thursday, and is now down more than 4 percent for the week. A few names within the ETF, such as […]

CNBC’s Jim Cramer is hoping to see strategic changes made at Procter & Gamble after the consumer foods giant narrowly won a proxy fight with activist investor Nelson Peltz. “Why not expect some change?” the “Mad Money” host said. “Nearly half the shareholders who voted agreed with Peltz that Procter is too insular and not […]

Bank stocks may be taking a “breather” but there are a lot of positive drivers going into 2018, analyst Ken Leon told CNBC on Thursday. Those catalysts include “rising rates for net interest income, the Federal Reserve with a new bank supervisor, more pragmatic regulation and then, of course, tax reform, which would feed into […]

Shares of Dominos fell 5 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic same-store sales growth, investors may have been disappointed. “While this easily topped our +5.5% estimate and sell-side consensus of +6.5%, buy-side expectations had […]

If tax reform does get passed, the head of the largest U.S. bank expects the company will hire more workers. Over time, JPMorgan Chase will be “boosting jobs and wages more than we otherwise would have” if corporate taxes are cut, the bank’s chairman and CEO Jamie Dimon said Thursday during a post-earnings release conference […]

On the heels of its March initial public offering, J.Jill offers an example of just how difficult it is to be an apparel retailer today, as forecasting where shoppers will spend their dollars is becoming increasingly uncertain. The Quincy, Massachusetts-based company on Wednesday slashed its expectations for same-store sales in the fiscal third quarter, now […]

Disney‘s shift to pay-television and direct-to-consumer video products will weigh on the stock, thanks to a sizable initial investment and a long lead time to get the offering up and running, an analyst said. Guggenheim downgraded shares of the media giant and cut its price target, saying investors have unrealistic optimism on content. Disney unveiled […]

Goldman Sachs has sought to reassure investors after seeing warning signals of a market peak. The investment bank has built a “Bear Market Risk Indicator” to gauge when a market may have topped out. This factors in valuations, ISM Manufacturing data, unemployment, inflation and the yield curve. Goldman’s September strategy paper said the indicator currently […]

Check out which companies are making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.76 per share, beating forecasts by 11 cents a share. Revenue also beat forecasts. JPMorgan did see weaker trading results, but its bottom line was helped by a boost in lending. Amazon.com – The online retailer […]