Capital One shares rose on Tuesday evening after the credit card issuer reported a sizeable quarterly beat, driven by improved credit quality performance. Revenue in the third quarter ended Sept. 30 increased 53% year over year to $15.36 billion, beating the LSEG-complied consensus estimate of $15.08 billion. Adjusted earnings per share increased 32% year over year to $5.95, exceeding the $4.37 estimate, LSEG data showed. This adjusted figure excludes a $1.12 after-tax diluted EPS impact tied to integration expenses, intangible amortization expense, and loan and deposit fair value market amortization related to the Discover acquisition. COF YTD mountain Capital One YTD…
Author: usaeverydaylife
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Rihanna celebrates the launch of Fenty Beauty at ULTA Beauty on March 12, 2022 in Los Angeles, California.Kevin Mazur | Getty ImagesLuxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter.The company is working with investment bank Evercore on the sale, three of the people said. All four asked not to be identified because the process is confidential.In 2017, Rihanna, whose full name is Robyn Rihanna Fenty, launched Fenty Beauty with the help of Kendo Brands, LVMH’s in-house beauty incubator. She and LVMH each own half of the company, sources said.LVMH and Evercore declined to comment. Fenty Beauty and representatives for Rihanna did not immediately return requests for comment.Fenty Beauty, which generated around…
Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCMicrosoft CEO Satya Nadella is getting a big bump in his compensation, as the company’s stock price has continued to rally, propelled by the boom in artificial intelligence. Nadella’s total pay for fiscal 2025 climbed 22% to $96.5 million from $79.1 million last year, Microsoft said in a proxy filing after the close of regular trading on Tuesday. That includes more than $84 million in stock awards and over $9.5 million in Nadella’s cash incentives.The pay…
Starboard Value’s Jeffrey Smith, a prominent activist investor, presented three new investment ideas Tuesday at the 13D Monitor’s Active-Passive Investor Summit in New York City. Bill Holdings The first pick Smith highlighted was software name Bill Holdings , which he believes trades at a 50% discount to its underlying, intrinsic value. The company helps small- and medium-sized businesses manage and pay invoices. Bill makes money in three ways: subscriptions, transactions and float revenue, Smith said. A Starboard representative recently joined Bill’s board of directors. Smith said Bill’s various revenue streams decelerated in the aftermath of the pandemic, but he sees a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRich Greenfield, Lightshed Partners co-founder, joins ‘Closing Bell: Overtime’ to discuss Netflix after the streaming giant posted a third-quarter earnings miss. Source link
Shield AI is trying to shake up the defense industry. The company, which is valued at $5.3 billion after securing $240 million in its latest round of funding, is set to unveil its next generation, autonomous fighter jet known as the X-Bat on Wednesday. CNBC got exclusive access to the company’s headquarters ahead of the launch.Shield AI says the unmanned aircraft has a jet engine, will have a 2,000 mile range, can fly up to 50,000 feet and has the ability to take off and land vertically, enabling it to operate in remote locations without a runway — like on a ship…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesMeta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and develop the social media company’s massive Hyperion data center in rural Louisiana.As part of the deal, the asset management firm will own 80% of the joint venture, while Meta will retain a 20% stake and oversee the construction and property management services of the data center,…
Check out the companies making headlines in after-hours trading. Netflix — The streamer dropped more than 4% after it missed Wall Street’s earnings estimates . For the third quarter, Netflix reported adjusted earnings of $5.87 per share. Analysts polled by LSEG expected $6.97 per share in profit. The company’s revenue of $11.51 billion for the period matched analysts’ estimates. Netflix attributed its weaker-than-forecasted results to an ongoing dispute with Brazilian tax authorities. Western Alliance — The regional bank gained more than 3% on better-than-expected earnings for the third quarter. Western Alliance earned $2.28 per share on revenue of $938 million.…
With the AI bubble inflating valuations across the tech sector, it’s becoming difficult to find stocks that aren’t already deep in overbought territory. However, for those willing to dig deeper, there are still diamonds in the rough. Adobe (ADBE) is currently at an interesting juncture, presenting one of my favorite setups: a mean reversion trade. (I cover this trading method in detail in my book, Mean Reversion Trading ) A look at the 9-month daily chart reveals several signs supporting a potential bounce from its current price level. Support/Resistance The white line on the chart highlights a multi-month support zone…
