Arab Today, arab today us stocks open higher on strong bofa earnings
Last Updated : GMT 13:14:04
Arab Today, arab today
Arab Today, arab today

US stocks open higher on strong BofA earnings

Arab Today, arab today

Arab Today, arab today US stocks open higher on strong BofA earnings

New York - XINHUA

US stocks opened higher Wednesday after Bank of America Corporation reported strong fourth-quarter earnings and revenues. Before the opening bell, Bank of America said its net income for the fourth quarter of 2013 surged to 3.4 billion U.S. dollars, or 29 cents per diluted share, compared to 732 million dollars, or 3 cents a share, in the year-ago period. The company's total revenue in the quarter rose 15 percent year on year to 21.7 billion dollars. Bank of America shares advanced 3.07 percent to trade at 17.28 dollars a share in the morning session. Fourth-quarter results from all the six major U.S. banks will be released by the end of this week. JPMorgan Chase & Co. and Wells Fargo reported earnings on Tuesday and officially kicked off a new earnings season. On the economic front, manufacturing activity in the New York region expanded at a faster pace in January, with the general business conditions index rising to 12.5, its highest level in more than a year, said the Federal Reserve Bank of New York on Wednesday. Moreover, the U.S. Producer Price Index for finished goods advanced 0.4 percent in December on a seasonally adjusted basis, the Labor Department reported. In corporate news, Apple shares jumped 2.42 percent to trade at 559.64 dollars a share in early trading, as China Mobile, the world's biggest mobile network, will start selling iPhone models on Friday. The Chinese telecom giant has reportedly received 1.2 million pre-orders. Investors will also pay attention to the Federal Reserve's Beige Book due out on Wednesday afternoon. On the previous trading day, Wall Street had its best day of the year as the U.S. stock market rallied on better-than-expected retail sales data. Shortly after the opening bell, the Dow Jones Industrial Average rose 33.97 points, or 0.21 percent, to 16,407.83. The S&P 500 gained 4.38 points, or 0.24 percent, to 1,843.26. The Nasdaq Composite Index added 18.03 points, or 0.43 percent, to 4,201.05.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks open higher on strong bofa earnings Arab Today, arab today us stocks open higher on strong bofa earnings

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday