Friday, January 28, 2022 11:37:35 UTC
A panel formed by Meta Platforms determined that the Facebook ban was reasonable at the time, but that the company should reconsider its action in six months.
Despite fervent support of the former president, by upholding Facebook's ban on former President Donald J. Trump, a panel of journalists, activists, and attorneys hired by Meta (Facebook) ended Trump's instant comeback on mainstream social media and reignited the debate over tech's control over online speech.
A majority of those polled continue to disagree with the Facebook ban.
A 'wannabe' judicial body overseeing Facebook's content choices determined that it was correct to ban Mr. Trump from its platform following the uprising in Washington in January, stating that he had "established an environment where a real danger of violence was possible" Consistent risk "supported" the measure, the panel said.(More)
@realdonaldtrump @realdonaldtrump
#fb #metaplatformsinc #facebook #crudeoil #sp500 #whistleblower #donaldtrump #ban #freesp
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Tuesday, January 18, 2022 12:10:22 UTC
Little change in price for Bank of New York Mellon Corp. ($BK) in premarket trade today after fourth-quarter earnings met estimates and revenue exceeded projections.
Net income increased to $822 million, or $1.01 per share, from $702 million, or 79 cents per share, the previous year, compared to the FactSet average of $1.01. Total revenue increased 4.5 percent to $4.02 billion, exceeding the FactSet average of $3.97 billion, while net interest income down 0.4 percent to $677 million but exceeded estimates of $661.5 million.
Security services revenue increased by 5% to $1.83 billion, market and wealth services revenue increased by 1% to $1.17 billion, and investment and wealth management revenue increased by 3% to $1.02 billion. The bank stated that it repurchased $1.2 billion in shares and distributed $280 million in dividends. Over the last three months, the stock has up 10.8 percent, while the S&P 500 SPX, +0.08 percent has risen 3.9 percent.(More)
MELLON EARNINGS UP, STOCK UNCHANGED
Tuesday, January 18, 2022 12:10:22 UTC
Little change in price for Bank of New York Mellon Corp. ($BK) in premarket trade today after fourth-quarter earnings met estimates and revenue exceeded projections.
Net income increased to $822 million, or $1.01 per share, from $702 million, or 79 cents per share, the previous year, compared to the FactSet average of $1.01. Total revenue increased 4.5 percent to $4.02 billion, exceeding the FactSet average of $3.97 billion, while net interest income down 0.4 percent to $677 million but exceeded estimates of $661.5 million.
Security services revenue increased by 5% to $1.83 billion, market and wealth services revenue increased by 1% to $1.17 billion, and investment and wealth management revenue increased by 3% to $1.02 billion. The bank stated that it repurchased $1.2 billion in shares and distributed $280 million in dividends. Over the last three months, the stock has up 10.8 percent, while the S&P 500 SPX, +0.08 percent has risen 3.9 percent.
Friday, January 14, 2022 12:40:31 UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
Earnings: $3.33 per share, compared to an estimate of $3.01, according to Refinitiv.
Revenue: $30.35 billion, compared to an estimate of $29.9 billion.
JPMorgan reported a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; earnings would have been $2.86 per share without the 47 cent per share boost.(More)
JPMORGAN EARNINGS UP, STOCK DOWN
Friday, January 14, 2022 12:40:31 UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
Earnings: $3.33 per share, compared to an estimate of $3.01, according to Refinitiv.
Revenue: $30.35 billion, compared to an estimate of $29.9 billion.
JPMorgan reported a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; earnings would have been $2.86 per share without the 47 cent per share boost.
#jpm #wfc #gs #ms #jpmorgan #wellsfargo #goldmansacks #bank #earnings
MAXAR SATELLITE PICTURES BULLISH
1.12.22 12:24 PM UTC
Maxar Technologies (MAXR), offering satellite pictures and intelligence, is valued at less than 1.2 times revenues but may rise 5.5 percent to $1.87 billion this year.
MAXAR SATELLITE PICTURES BULLISH
Wednesday, January 12, 2022 12:24:34 UTC
Maxar Technologies (MAXR), offering satellite pictures and intelligence, is valued at less than 1.2 times revenues but may rise 5.5 percent to $1.87 billion this year.
#maxr #maxar #satellite #intelligence #broadband #robot #space #nasa #bullish #lockheed #th
BOFA: NET INTEREST INCOME 'TO THE SKY'
1.11.22 2:18 PM UTC
The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.
BOFA: NET INTEREST INCOME 'TO THE SKY'
Tuesday, January 11, 2022 14:18:28 UTC
The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.
OIL PRICES UP
12.6.21 10:39 AM UTC
Despite rising omicron fears, oil prices up since Saudi Arabia increased crude prices.
OIL PRICES UP
Monday, December 06, 2021 10:39:23 UTC
Despite rising omicron fears, oil prices up since Saudi Arabia increased crude prices.
#oil #exxon #saudiarabia #opec #saxobank #olehansen #oilprice
JP MORGAN COULD LEAD THE PACK
10.13.21 12:50 PM UTC
JP Morgan leads the Q3 earnings season this morning. JPM and other banks may see a substantial boost as a result of the supply chain problems worldwide.
JP MORGAN COULD LEAD THE PACK
Wednesday, October 13, 2021 12:50:37 UTC
JP Morgan leads the Q3 earnings season this morning. JPM and other banks may see a substantial boost as a result of the supply chain problems worldwide.
IRS CHECKING $600 BANK ACCOUNTS
10.6.21 1:42 AM UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.
IRS CHECKING $600 BANK ACCOUNTS
Wednesday, October 06, 2021 01:42:20 UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.
U.S. WON'T BAN CRYPTO
10.6.21 12:57 AM UTC
SEC Chairman Gary Gensler said that the U.S. will not ban cryptocurrencies, but will see that the industry is regulated.
U.S. WON'T BAN CRYPTO
Wednesday, October 06, 2021 00:57:46 UTC
SEC Chairman Gary Gensler said that the U.S. will not ban cryptocurrencies, but will see that the industry is regulated.
#crypto #bitcoin #garygensle #jeromepowell #robinhood #federalreserve