Company Overview and News
M&T Bank Corporation (MTB - Free Report) is scheduled to report second-quarter 2018 results on Jul 18, before the opening bell. The company’s revenues and earnings are expected to improve from the year-ago quarter.
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Morgan Stanley’s (MS - Free Report) second-quarter 2018 results, slated on Wednesday, Jul 18, are likely to get support from normalized trading levels. Thus, trading income, one of the major revenue components, is expected to have a positive impact on the company’s earnings. Unlike the first quarter when higher inflation expectation, tightening of monetary policy by the Fed, impending U.S.-China trade war and a sharp sell-off in the tech sector incited volatility, developments like further escalation in the trade war and some other geo-political tensions in the second quarter were not enough to lead to substantial rise in client activity.
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Ericsson (ERIC - Free Report) is scheduled to report second-quarter 2018 results before the opening bell on Jul 18. The company has a bleak earnings history with consecutive colossal earnings misses. However, Ericsson managed to beat estimates by 4 cents in the last reported quarter with an average negative surprise of 269.2% in the trailing four quarters. Let's see how things are shaping up for this announcement and whether Ericsson can beat earnings this quarter.
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Higher-than-expected trading revenues and rise in demand for loans drove JPMorgan’s (JPM - Free Report) second-quarter 2018 earnings of $2.29 per share, which outpaced the Zacks Consensus Estimate of $2.22. The figure was up 26% from the prior-year quarter. The stock rose nearly 1% in the pre-market trading, indicating that investors have taken the results in their stride. Notably, the full-day trading session will depict a better picture.
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The Charles Schwab Corporation (SCHW - Free Report) is scheduled to report second-quarter 2018 results on Jul 17, before the market opens. Its revenues and earnings are projected to grow year over year. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Revenue growth, significant rise in total client assets and new brokerage accounts were among the positives.
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BlackRock, Inc. (BLK - Free Report) is slated to report second-quarter 2018 results on Jul 16, before the opening bell. Its revenues and earnings are projected to grow year over year. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results benefited from an improvement in revenues, rise in assets under management (AUM) and long-term inflows. Moreover, the company boasts a decent earnings surprise history.
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Comerica Incorporated (CMA - Free Report) is scheduled to report second-quarter 2018 results before the opening bell on Jul 17. Its revenues and earnings are expected to grow year over year.
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In the last five trading days, bank stocks delivered a bullish performance. While escalating trade war between the United States, China and the European Union continued to weigh on investor sentiments, strong economic data on the domestic front largely mitigated this. The latest job market data lessened the concern that the economy is in the late stage of expansion. This news resulted in rising yield on benchmark 10-year Treasury Notes.
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ADTRAN, Inc. (ADTN - Free Report) is scheduled to report second-quarter 2018 results after the closing bell on Jul 17. Although this communication infrastructure provider delivered an average positive surprise of 51.3% in the trailing four quarters, it widely missed earnings estimates in the last quarter. Let's see how things are shaping up for this announcement. Factors to Consider ADTRAN is accelerating the industry’s transition to open, programmable, scalable networks by leveraging its Mosaic Software-Defined Access architecture that combines modern Web-scale technologies with open-source platforms to facilitate rapid innovation in multi-technology, multi-vendor environments.
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The PNC Financial Services Group (PNC - Free Report) is scheduled to report second-quarter 2018 results on Jul 13, before the opening bell. Its revenues and earnings are projected to grow year over year. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results benefited from an improvement in net interest income as well as non-interest income, partially offset by higher expenses.
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Chicago, IL – July 11, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include JPMorgan Chase (JPM - Free Report) , Comerica Inc. (CMA - Free Report) , M&T Bank Corp. (MTB - Free Report) , KeyCorp (KEY - Free Report) and SunTrust Banks (STI - Free Report) .
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The earnings season is knocking at the door and investors are keen to see how major banks have performed in the second quarter amid uncertainty related to the trade war fears. After impressive first-quarter 2018 results, major bank stocks’ performance lost some steam. The primary reason is the flattening of the yield curve. As such, net interest margin (one of the key metrics for gauging banks’ profitability) is expected to be subdued in the second quarter.
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When push came to shove as the weekend approached, it was the bulls doing all the shoving. The S&P 500 gained 0.85% on Friday, led by Advanced Micro Devices (NASDAQ:AMD) and General Electric (NYSE:GE). The former was up 5% because, well, traders love to love AMD, while the latter made its advance thanks to some kind wordsfrom market commentator Jim Cramer.
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Comerica Incorporated (CMA - Free Report) can be a solid bet now on the back of its focus on revenue-enhancing initiatives which will likely drive operational efficiency. Further, the company is expected to benefit from a strong capital position, easing margin pressure and loan growth in the near term. Growth in Efficiency and Revenue Initiative or “GEAR Up” initiatives, rising rates, steady fee income and robust capital-deployment activities continue to drive Comerica’s performance.
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4h - Asif
History and Development of the Company Kitov Pharma was incorporated under the laws of the State of Israel (under a previous name) on August 12, 1968 and its ordinary shares were originally listed for trading on the TASE in 1978. The company's ordinary shares are currently traded on the TASE under the symbol “KTOV”, and its ADSs and its public warrants are traded on NASDAQ under the symbols “KTOV” and “KTOVW”, respectively. In October 2012, the District Court in Lod, Israel approved the creditors arrangement in accordance with Section 350 of the Companies Law in order to effectuate the sale by Kitov Pharma (then known as Mainrom Line Logistics Ltd.) of all its activities, assets, rights, obligations and liabilities to a private company held by its then controlling shareholders, and all rights of Kitov Pharma’s creditors against it were extinguished. The sale was made pursuant to an arrangement between Kitov Pharma and its creditors. Following such sale and a related cash...
6h - Asif
Overview and Recent Developments Athersys is an international biotechnology company that is focused primarily in the field of regenerative medicine. The company's MultiStem® cell therapy, a patented and proprietary allogeneic stem cell product, is its lead platform product and is currently in later-stage clinical development. The company's current clinical development programs are focused on treating neurological conditions, cardiovascular disease, inflammatory and immune disorders, certain pulmonary conditions and other conditions where the current standard of care is limited or inadequate for many patients, particularly in the critical care segment. Current Programs By applying its proprietary MultiStem cell therapy product, the company established therapeutic product development programs treating neurological conditions, cardiovascular disease, inflammatory and immune disorders, and other conditions. The company's programs in the clinical development stage include ...
2018-07-16 - Asif
General The company's objective is to build a profitable and growing specialty therapeutics company. To meet this objective, Cytori Therapeutics has acquired and are developing two technology platforms that hold promise for treating millions of patients and represent significant potential for increasing shareholder value. The company's current corporate activities fall substantially into advancing these platforms: Cytori Nanomedicine and Cytori Cell Therapy. The Cytori Nanomedicine platform features a versatile liposomal nanoparticle technology for drug encapsulation that has thus far provided the foundation to bring two promising drugs into mid/late stage clinical trials. Nanoparticle encapsulation is promising because it can help improve the delivery and metabolism of many drugs, thus potentially enhancing the therapeutic profile and patient benefits. The company's lead drug candidate, ATI-0918 is a generic version of pegylated liposomal encapsulated doxorubicin. Pegyl...
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