IBM stock rockets to new all-time high on AI bookings
Evercore raised its price tag on IBM stock from $240 to $275, retaining its Outperform rating. Software, however, appears to ...
Warren Buffett’s 10 Longest-Held Stocks
Known as the Oracle of Omaha, Warren Buffett will undoubtedly go down as one of the greatest and most prosperous value investors in history.
Shell raises shareholder dividend despite 16% profit drop; shares rise
The oil major also announced a $3.5 billion share buyback for the current quarter, making this the 13th consecutive quarter of at least $3 billion of share repurchases ...
Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say
Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of around $2 billion including debt, sources ...
Meta Platforms price target raised to $800 from $700 at RBC Capital
RBC Capital analyst Brad Erickson raised the firm’s price target on Meta Platforms (META) to $800 from $700 and keeps an Outperform rating on ...
What Microsoft results mean for Alphabet and Amazon.com
Microsoft's disappointing Azure numbers are "neutral to modestly negative" for rivals Amazon.com and Alphabet, according to RBC Capital Markets analyst Brad Erickson. Alphabet stock rose 1% while ...
Biggest of the Big Six: How RBC opened a $100-billion market-cap gap over its bank rivals
J.M. Smucker Co. chief executive Mark Smucker leaned on close advisers when he made the decision to bolster the jelly and coffee company through a US$5.6-billion acquisition in 2023 of Hostess Brands ...
RBC lifts Meta Platforms stock target to $800 on AI prospects
RBC Capital Markets adjusted its outlook on Meta Platforms Inc. (NASDAQ: NASDAQ:META), increasing the price target to $800 from the previous $700 while maintaining an Outperform rating on the stock.
JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Geneos Wealth Management Inc.
Geneos Wealth Management Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 57,993 ...
IBM beats profit estimates as AI shift boosts software performance, shares surge
BENGALURU - IBM surpassed fourth-quarter profit estimates on Jan 29, driven by robust demand in its software unit as ...
Barrenjoey poaches managing director from RBC Capital Markets
Bonnici was a managing director at RBC and led several high-profile deals across infrastructure and technology during his ...
Prosperity Bancshares targets 3.25%-3.35% NIM growth in 2025 amid repricing strategy
The company's net interest margin increased to 3.05% in Q4 2024, up from 2.75% in Q4 2023, driven by asset repricing. Management expects further NIM expansion into 2025. Loans grew to $22.2 billion, ...