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Apr 14, 2025
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Bank of New York Mellon Corp. traded flat at $77.67 after the bank reported results for the fiscal first quarter ending in March.
Revenue surged to $4.79 billion from $4.53 billion, net income edged up to $1.15 billion from $953 million, and diluted earnings per share rose to $1.58 from $1.25 a year ago.
The company returned $343 million of dividends and made $746 million in share repurchases during the quarter. -
Morgan Stanley gained 0.05% to $108.18 after the banking company reported fiscal first quarter 2025 results ending in March.
Revenue surged to $17.74 billion from $15.14 billion, net income jumped to $4.31 billion from $3.41 billion, and diluted earnings per share rose to $2.60 from $2.02 a year ago.
Total client assets increased to $7.7 trillion across the wealth and investment management divisions, supported by $94 billion in net new assets, the company said in a release to investors.
The company repurchased $1.0 billion in shares during the quarter and proposed a quarterly dividend of 92.5 cents per share, payable on May 15 to shareholders on record as of April 30. -
BlackRock Inc. eased 0.1% to $878.00 after the investment management company reported results for the fiscal first quarter of 2025 ending in March.
Revenue edged up to $5.28 billion from $4.73 billion, net income dropped to $1.51 billion from $1.57 billion, and diluted earnings per share declined to $9.64 from $10.48 a year ago.
Assets under management rose 11% in the quarter to $11.58 trillion from $10.5 trillion a year earlier.
The company repurchased $375 million shares during the quarter and raised its quarterly cash dividend by 2% to $5.21 per share. -
Wells Fargo & Co. gained 0.1% to $62.59 after the banking company reported fiscal first quarter of 2025 results ending in March.
Revenue declined to $20.15 billion from $20.86 billion, net income jumped to $4.89 billion from $4.62 billion, and diluted earnings per share rose to $1.39 from $1.20 a year ago.
The company repurchased 44.5 million shares for $3.5 billion in the quarter. -
JPMorgan Chase & Co. jumped 4.2% to $236.29 after the banking company reported first quarter of 2025 results.
Net revenue edged up to $45.31 billion from $41.93 billion, net income jumped to $14.64 billion from $13.42 billion, and diluted earnings per share rose to $5.07 from $4.44 a year ago.
The company proposed a dividend of $1.40 per share or a total of $3.9 billion and announced $7.1 billion of common stock net repurchases. -
CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.
Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.
CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.
The average price for a car edged up, snapping an eight-quarter streak of declines.
For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.
Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.
For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.
The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.
The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.
Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy. -
Tesco Plc dropped 0.2% to 334.40 pence after the UK-based food retailer reported preliminary results for 2024 ending in February.
Revenue edged up to £69.92 billion from £68.19 billion, profit jumped to £1.63 billion from £1.19 billion, and diluted earnings per share rose to 23.51 pence from 16.56 pence a year ago.
Same-store sales declined by 1.8%, reflecting a continuing decline in the tobacco market and weakness in parts of the fast-food market serviced by Best Food Logistics, while the core retail and catering businesses grew despite a challenging market backdrop.
The company paid a dividend of 13.70 pence per share, compared to 12.10 pence per share in the previous year.
Tesco proposed a final dividend of 9.45 pence per share, payable on June 27 to shareholders on record as of May 16. -
Barry Callebaut AG dropped 1.9% to CHF 1.055 after the Swiss cocoa processor and chocolate maker announced results for the six-month period ending in February.
Revenue edged up to CHF 1.14 billion from CHF 1.131 billion, net profit slumped to CHF 77.93 million from CHF 235.49 million, and diluted earnings per share fell to CHF 14.20 from CHF 42.87 a year ago.
Sales volume amounted to 1,138,524 tons in the first six months of fiscal 2023-2024, an increase of 0.7%, as growth was 1% in the second quarter amid a challenging operating environment and higher cocoa prices.
“Demand for cocoa powder remained robust, largely driven by Asia with particular strength in India, Indonesia, and China,” the company said in a release to investors.
Cocoa butter demand was impacted in Asia, Latin America, and North America, while other regions saw positive growth.
“For cocoa liquor, positive growth for Eastern Europe, Middle East Africa, and Latin America was offset by lower demand in Asia, Western Europe, and North America,” the company added in the statement.
Volume growth was positive in most global chocolate regions, led by growth in Latin America, particularly in Brazil. -
Fila Group slumped 3.5% to 34.450 Korean won after the sporting goods retailer reported lower sales in 2024.
Revenue declined to €621.9 million from €787.9 million, adjusted group net profit edged down to €30.9 million from €40.9 million, and basic earnings per share fell to 61 cents from 81 cents a year ago.
The company proposed a dividend worth €40.8 million, higher than guidance, with a pay-out ratio of 20% to 40%.
Fila estimated 2025 revenue to grow by “low-to-mid single digits,” as well as a mid-single-digit increase in adjusted EBITDA, assuming constant currency and tariffs.
In addition, the company expects free cash flow to equity to be between €40 million and €50 million. -
Walgreens Boots Alliance Inc. eased 0.8% to $10.50 after the struggling pharmacy retailer reported results for the fiscal second quarter of 2025 ending in February.
Sales increased to $38.59 billion from $37.05 billion, net loss shrank to $2.85 billion from a loss of $5.91 billion, and diluted loss per share narrowed to $3.30 from a loss of $6.85 a year ago.
Sales in the first six months of fiscal 2025 climbed to $78.05 billion from $73.76 billion, net loss shrank to $3.12 billion from a loss of $5.97 billion, and diluted loss per share narrowed to $3.61 from a loss of $6.93 a year earlier.
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