Trading at Noon: Bank results; Google's leadership vision
Friday, April 13, 2012 - 03:30
April 13 - A look at today's bank earnings and a preview for next week. Also, Google's new stock split design.
▲ Hide Transcript
▶ View Transcript
-- in the bank this afternoon JPMorgan beat estimates earlier today and although profits fell compared to last year. The banks on uptick from tree and enemy Wells Fargo also reported. -- bank posted a higher Q1 profit and strong mortgage banking results. Shares of both banks are slightly off right now. Investors are turning their attention to Citigroup Bank of America Goldman Sachs all report earnings next week. Cities expect it reported beat it over 2% support struggling to operate -- -- -- -- as far above it says for Goldman Sachs. Expect a large positive surprise. From Bank of America -- -- house Sri Rama expects the bank estimates as well but remains much. Changed in specific is exposed the mortgage mess. -- more exposed the -- -- less than its competitors. Things seem to be stabilizing the prices that's truthfully. Price how will crisis happen started increasing at to what you might he is decent people who might be under -- and mortgages. And here's the Wall Street banks lower right now. Google asking investors take a leap of faith. The search engine and asked -- not split on Thursday. He co founders Larry Page and Sergey -- and charged. The decision isn't majority voting power -- is that even if she answer at an overtime Thursday will not be -- Surprise announcement came in the wake of the company's results which topped estimates search advertising rates -- dropped 12% for the quarter. Features of Google -- down more than. 3%. US stocks taking a breather this morning at three major indexes down after disappointing Chinese growth. Dragging ESP lower at this -- is financial sector one point 7%. US crude slipped further after consumer prices showed a slight gain inflation outpaced workers' earnings back to keep consumers from spending. Gold is up slightly Reuters poll shows analysts expect there's -- to rally through this year. And into 2013. And treasury prices are higher on global world. Now for stocks to watch let's go to Reuters correspondent Charles -- Public service and prices. Is moving higher today its utility which are traditionally it is sees Hayden play when the market slower cars utilities are going to anyway that's how we'll. People move their money into those when they are afraid that the market might. The strange thing is that they also -- the past few days. While the market was moving higher so that could signal led. The tone of the market itself is becoming a little more defensive as earnings season begins to heat up. We're also watching shares of countless there right now down. One in 10% retailer expects sales -- 10% for the first quarter has shares closed more storms. What they should be juicy earnings season for apple top analysts predict the company's first quarter probably 60% higher than last year. Dwarfing the average S&P 500 companies expected earnings growth. They see apple CDS going 19% every year over five years. According to Thomson Reuters star might even after a 55% rally this year. It's not actually be trading higher and above 850. Dollars. As I read that right that's all for trading at -- I'm Fred Katayama and this is what.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code