Latest news with #trading
Yahoo
2 hours ago
- Business
- Yahoo
Bank of America profit rises on trading
(Reuters) -Bank of America's profit rose in the second quarter as its traders brought in more revenue from tumultuous markets in the second quarter, it said on Wednesday. Banks' trading desks benefited from market turbulence during the quarter as clients reacted to shifting U.S. trade policies and escalating geopolitical tensions. BofA's sales and trading revenue jumped 15% to $5.4 billion in the quarter, the 13th consecutive quarter of year-over-year revenue growth. The bank's shares, which have gained 5% this year, fell 1.4% in trading before the bell. The bank's profit was $7.1 billion, or 89 cents per share, for the three months ended June 30, compared with $6.9 billion, or 83 cents per share, a year earlier. Sign in to access your portfolio
Globe and Mail
2 hours ago
- Business
- Globe and Mail
Jena Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing July 21, 2025
New York, NY, July 16, 2025 (GLOBE NEWSWIRE) -- Jena Acquisition Corporation II (NYSE: JENA.U) (the ' Company ') announced today that, commencing July 21, 2025, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the New York Stock Exchange under the symbols 'JENA' and 'JENA.R,' respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol 'JENA.U.' This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Jena Acquisition Corporation II The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any business or industry, it intends to capitalize on the ability of its management team and initially focus its search on identifying a prospective target business that can benefit from its co-founder and Chairman William P. Foley, II's and its co-founder and Chief Executive Officer Richard N. Massey's historical areas of business expertise. Forward-Looking Statements This press release may include, and oral statements made from time to time by representatives of the Company may include, 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission (' SEC '). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact
Forbes
2 hours ago
- Business
- Forbes
Sell UAL Stock Ahead Of Its Upcoming Earnings?
A United Airlines Boeing 737-8 MAX airplane prepares to takeoff at Ronald Reagan Washington National ... More Airport in Arlington, Virginia, on July 10, 2025. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) United Airlines (NASDAQ:UAL) is set to publish its earnings report on Thursday, July 17, 2025. For traders who focus on events, analyzing historical stock performance in relation to earnings announcements can be an effective strategy, though the actual results relative to consensus estimates will ultimately determine the stock's immediate response. Over the past five years, UAL stock has often posted negative one-day returns following earnings releases. In 60% of cases, the stock has dropped, with a median negative return of -4.0% and a maximum one-day decline of -10.2%. Traders can approach this event in two different ways: Current consensus forecasts indicate that United Airlines will report earnings of $3.88 per share on revenue of $15.33 billion. This is in contrast to the same quarter last year, which saw earnings of $4.14 per share on revenue of $14.99 billion. From a fundamental standpoint, United Airlines currently has a market capitalization of $29 billion. In the last twelve months, the company produced $58 billion in revenue, with $5.6 billion in operating profits and a net income of $3.7 billion, reflecting operational success. That being said, if you are looking for growth with less volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative, having surpassed the S&P 500 with returns exceeding 91% since its inception. Additionally, check out – Trump's Russia Math, Simplified. See earnings reaction history of all stocks United Airlines' Historical Odds Of Positive Post-Earnings Return Some insights on one-day (1D) post-earnings returns: Further details regarding observed 5-Day (5D) and 21-Day (21D) returns following earnings are compiled along with the statistics in the table below. UAL 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D, and 21D Historical Returns A relatively lower-risk strategy (though it may not be effective if the correlation is weak) is to assess the correlation between short-term and medium-term returns after earnings, identify the pair with the strongest correlation, and make the appropriate trade. For instance, if 1D and 5D demonstrate the highest correlation, a trader could take a "long" position for the next 5 days if the 1D post-earnings return is favorable. Here is some correlation data based on 5-year and more recent 3-year history. Note that the correlation 1D_5D denotes the relationship between 1D post-earnings returns and the following 5D returns. UAL Correlation Between 1D, 5D and 21D Historical Returns Is There Any Correlation With Peer Earnings? Occasionally, the performance of peers can affect the stock reaction following earnings. Indeed, the pricing might start prior to the earnings announcement. Here is some historical data regarding the post-earnings performance of United Airlines stock compared with the stock performance of competitors that announced earnings shortly before United Airlines. For a fair comparison, peer stock returns also represent one-day (1D) returns post-earnings. UAL Correlation With Peer Earnings Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all three, the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors. Additionally, if you desire growth with a smoother experience compared to an individual stock like United Airlines, consider the High Quality portfolio, which has outperformed the S&P and achieved over 91% returns since its inception.
Gulf Business
4 hours ago
- Business
- Gulf Business
ANAX Capital commits to deliver smarter trading suite for UAE, global Investors
Image credit: Supplied photos ANAX Capital Financial Markets LLC, is strengthening its position as a player in the regional and global trading space. The firm reaffirmed its commitment to delivering a seamless, secure trading experience backed by advanced technology, regulatory compliance, and a client-first service model. The entity is a First Category license holder regulated by the UAE Securities and Commodities Authority (SCA License No. 20200000258), Founded earlier this year, ANAX Capital has attracted attention from institutional and active investors alike, drawn by its institutional-grade infrastructure and governance standards. Image credit: Supplied With a paid-up capital of Dhs30m, the firm offers access to a diverse array of asset classes, including Forex, Precious Metals, and Contracts for Difference (CFDs), enabling clients to trade with flexibility and confidence. 'We have seen strong early momentum, driven by investors who recognise the value of working with a regulated, client-first trading provider,' said Tabinda Sanpal, founder and director of ANAX Capital. 'Our platform is designed to support a wide range of trading strategies, whether clients are just getting started or managing sophisticated portfolios.' Tailored product suite for modern traders ANAX Capital's product offerings are designed to meet the demands of today's evolving markets: Forex t rading : Clients can trade major currency pairs such as EUR/USD, GBP/USD, and USD/JPY with competitive spreads and fast execution. Precious m etals : Spot contracts, futures, and ETFs in gold and silver offer a hedge against market volatility and inflation. CFDs : The firm offers CFDs on indices, equities, and commodities, allowing for both long and short positions, supported by advanced analytics and risk tools. Exchange- t raded p roducts : Direct market access to trade Futures and Options on major US indices, energy products, and metals gives clients broader global exposure. Cash e quities : Investors can also trade shares across major global exchanges, adding further diversification potential to their portfolios. COO Mitul Kapadia emphasised the firm's client empowerment initiatives, noting that ANAX Capital is preparing to launch educational webinars and seminars to help individuals make informed decisions. 'We've built a secure and intuitive platform that gives traders access to a broad range of products,' Kapadia said. 'Our upcoming educational initiatives will help people understand not just how to trade, but when—or if—they should be trading. Sometimes, the smartest financial decision is to stay out of certain markets entirely.' Positioned for long-term growth in the region Operating from its headquarters at Aspin Commercial Tower on Sheikh Zayed Road, ANAX Capital aims to serve as a long-term financial partner for investors in the UAE and beyond. The firm's commitment to transparency, strong governance, and regulatory alignment is central to its growth strategy. With its client-centric approach and robust product offering, ANAX Capital is positioning itself as a forward-thinking leader in the Middle East's growing financial services sector.
Yahoo
6 hours ago
- Business
- Yahoo
Here's Why Ross Stores (ROST) Fell More Than Broader Market
In the latest trading session, Ross Stores (ROST) closed at $127.59, marking a -2.73% move from the previous day. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%. Coming into today, shares of the discount retailer had gained 0.02% in the past month. In that same time, the Retail-Wholesale sector gained 4.14%, while the S&P 500 gained 4.97%. The investment community will be closely monitoring the performance of Ross Stores in its forthcoming earnings report. The company's upcoming EPS is projected at $1.54, signifying a 3.14% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.53 billion, up 4.68% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.23 per share and a revenue of $21.99 billion, signifying shifts of -1.42% and +4.07%, respectively, from the last year. Investors should also take note of any recent adjustments to analyst estimates for Ross Stores. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.3% higher. Ross Stores presently features a Zacks Rank of #4 (Sell). Digging into valuation, Ross Stores currently has a Forward P/E ratio of 21.04. For comparison, its industry has an average Forward P/E of 21.39, which means Ross Stores is trading at a discount to the group. Also, we should mention that ROST has a PEG ratio of 2.51. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Discount Stores industry held an average PEG ratio of 2.81. The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 155, placing it within the bottom 38% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow ROST in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ross Stores, Inc. (ROST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
