Titres en action: Delta, Wells Fargo, BlackRock, Bank of America, Velan

Here is a selection of the ads that have (or will) move the prices of these companies:

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American Airlines Delta Airlines (DAL, $41.31) on Wednesday reported better-than-expected second-quarter results, even posting its first quarterly net profit since the pandemic began, and was bullish about a gradual recovery in air traffic. Le voyage de loisirs aux États-Unis «a retrouvé ses niveaux de 2019 et on perçoit des signaux encourageants d’amélioration dans les voyages internationaux et d’affaires», a commenté son PDG Ed Bastian, cité dans’ unsquulté de lré a company. Domestic flight revenue shows a more moderate decline from 2019 compared to 2019. From April to June, the group’s sales volume was above analysts’ expectations, at $7.1 billion versus the 6.2 billion analysts had expected. For the quarter, the group’s net profit was $652 million, compared to $1.44 billion in the second quarter of 2019, the first profit since the last three months of 2019. $1.07, lower than analysts’ expectations of $1.4. The airline also claims to have generated positive cash flow for the entire quarter, having previously been burning money in the face of the collapse in passenger traffic amid COVID-19. Delta lost $12.4 billion last year, “the toughest year in history,” according to the company.

US Bank Wells Fargo (WFC, $43.59) It beat expectations in the second quarter, and is back in the green thanks to a drop in allocations at the start of the pandemic. The group made a net profit of $6 billion during the period, while it lost $3.8 billion a year ago, when large financial institutions set aside billions to address potential defaults on their clients. Earnings per share, excluding exceptional items, were $1.38, where analysts had expected 97 cents. Wells Fargo reduced its reserves by $1.6 billion “due to continued improvements in the economic environment.” Wells Fargo’s revenue rose 11% to $20.27 billion, well above the $17.75 billion analysts had expected. As with other large US banks, income from brokerage activities in the markets has fallen sharply. Wells Fargo stock rose 0.94% at the opening of the New York Stock Exchange.

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Black stone (BLK, $908.07), the world’s leading asset manager, on Wednesday announced a 30% increase in its second-quarter assets under management year-over-year to a record $9.496 billion, with results that beat expectations. Just. The size of these assets under management is higher than expected by analysts at Facttest, at $9.454 billion. The group crossed the $9 trillion threshold for the first time in the previous quarter. BlackRock invests in the financial markets the money entrusted to it by pension funds, big fortunes, sovereign funds or even local authorities, for a fee. Quarterly revenue was $4.8 billion, up 32% year over year and above analyst expectations. Income from investment advisory and commissions amounted to $3.62 billion of this total. During the first six months of the year, Blackrock’s sales were up 25% and net profit by 28%. Earnings per share were $10.03 in the second quarter, versus analysts’ median expectations of $9.36. On the stock exchange, BlackRock’s title fell after all by 2.1% in the pre-Wall Street trade.

American bank (BAC, $39.86) Its profit more than doubled in the second quarter thanks to a cut in reserves set aside at the start of the pandemic, but it saw its sales fall due to lower interest rates. The bank had increased its reserves by 4 billion in the second quarter of 2020 to be able to deal with potential defaults from its customers. In light of the “improving economic environment” as the economy recovers, it has decided to cut it by $2.2 billion. Personal customer and credit card spending increased 16% sequentially. Bank of America’s net profit jumped 173% to $9 billion. Earnings per share excluding special items were $1.03, more than the 77 cents analysts had expected. The stock was down 1.76% in electronic trading before the New York Stock Exchange opened.

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Vaillant (VLN, $9.90) Tuesday it unveiled a larger loss in the first quarter than the same period last year, which the industrial valve maker attributed to higher management costs and other one-off elements. The Montreal-based company posted a loss of $5.1 million, or 24 US cents per share, for the quarter ended May 31, compared to a loss of $1.9 million, or 9 US cents per share. Same period last year. Vaillant’s revenue was $74.5 million in the fourth quarter, down 2.8% from sales of $76.7 million in the first quarter of 2020. Despite this deterioration in its results, the company said it was encouraged by the improvement in its global business margins and by strengthening Record orders. The value of the latter amounted to $ 607.2 million at the end of the quarter, the highest level since August 2012. Phelan had decided at the end of his fiscal year 2020 to suspend dividends and indicated on Tuesday that his decision had not changed. However, it will be re-evaluated on a quarterly basis.

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