A positive opening on Wall Street; In Europe, Plus 500 plummets 30%
JP Morgan Chase reported record results • Andrico Petroleum shares are up 34% in pre-US trading after reporting that Chevron will buy the company • China’s imports were down 7.6% from last year. • Wells Fargo and Plus 500 today published reports
Trading in US stock exchanges opened with a positive trend, the Dow Jones
(26,341.37 + 0.76%)
, The Nasdaq
(7,958.6 + 0.14%)
And the S & P 500
(2,901.37 + 0.45%)
Up 0.9%. The Dow is up 200 points, led by a good opening of the reporting season, after two of the largest US banks, JPMorgan Chase
(110.38 + 3.91%)
And Wells Fargo
They published excellent reports.
European stocks continue to rise, with gains in London, Paris, Germany and Milan.
American bank Wells Fargo
Also published its financial statements for the first quarter of 2019. The reports are published shortly after Bank of England CEO Tim Sloan left after 31 years in office, two and a half years after the fraudulent account scandal severely damaged the bank’s reputation. , Who now serves as Wells Fargo’s legal adviser.
The company reported better-than-expected results, with earnings of $ 1.20 per share, instead of $ 1.09 for analysts’ estimates, and $ 2.06 billion in revenue. The bank increased its dividend to 45 cents per share, instead of 43 cents per share in the same quarter last year.
The share is up 2% in early trading
(110.38 + 3.91%) Rises in preliminary trading by 2.4% after the publication of the first quarter reports. The investment bank overtook market expectations and reported record results. Thus, adjusted earnings per share were $ 2.65, compared with estimates of $ 2.35. Adjusted revenues for the quarter totaled $ 29.9 billion, compared to $ 28.36 billion.