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JetBlue Climbs After Beating Analysts’ Earnings Expectations

“The airline reported revenue of $2.086 billion, a shade higher than the $2.076 billion of analysts surveyed by FactSet” writes Scott Van Voorhis for thestreet.com. JetBlue reported adjusted earnings of 59 cents a share during the third quarter, shooting past the 53-cent estimate of analysts surveyed by Zacks Investment Research.JetBlue’s stock price rose nearly 6% to $18.57 a share after the airline beat analysts’ expectations on both earnings and revenue. Source: thestreet.com

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Bank of America’s stock jumps after profit beats expectations, revenue surprisingly rises

“Total revenue rose to $22.81 billion from $22.72 billion, while the FactSet consensus was for a decline to $22.58 billion” writes Reporter Editor for marketwatch.com. Net income fell to $5.78 billion, or 56 cents a share, from $7.17 billion, or 66 cents a share, in the year-ago period.Net interest income grew to $12.19 billion from $12.06 billion, above the FactSet consensus of $12.15 billion, and non-interest income slipped to $10.62 billion from $10.66 billion but topped expectations of $10.38 billion. The stock has gained 2.6% over the past three months…

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Markets News 

Gold posts lowest close so far this month as investors weigh trade deal, earnings season

“Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note” writes Saefong William Watts for marketwatch.com. Higher yields on government debt can weigh on assets like gold that offer no yield.Some “analysts are expecting this earnings season to be the worse in recent times,” James Hatzigiannis, senior strategist at Long Leaf Trading Group, told MarketWatch. “With such low expectations from analysts and their estimate numbers, it will be easy for…

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Markets News 

Gold heads for lowest finish so far this month as investors weigh trade deal, earnings season

“Gold prices declined on Tuesday, headed for their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note” writes Saefong William Watts for marketwatch.com. Higher yields on government debt can weigh on assets like gold that offer no yield.December silver SIZ19, -1.58%  gave up 28.5 cents, or 1.6%, to trade at $17.425 an ounce. “Gold traded above the $1,490 an ounce, supported by softer sovereign yields.Some “analysts are expecting this earnings season to be the worse in recent…

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J.P. Morgan Chase beats profit and revenue expectations; stock rallies

“Within business segments, consumer and community banking and corporate and investment bank units beat revenue expectations, while revenue from commercial banking and asset and wealth management came up shy” writes Reporter Editor for marketwatch.com. Net income rose to $9.08 billion, or $2.68 a share, from $8.38 billion, or $2.34 a share, in the year-ago period.Revenue increased to $30.06 billion from $27.82 billion to top the FactSet consensus of $28.47 billion, as net interest income rose 2% to $14.4 billion to beat expectations of $14.1 billion.JPM, +3.92% rose 1.1% in premarket…

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Markets News Regulators 

Trump’s trade tweets have moved market’s Fed expectations, Goldman says

“By contrast, the bank said, “the evidence that President Trump’s trade-related tweets affect market expectations of Fed policy is strong.”” writes Holly Ellyatt for cnbc.com. “Once again, there are many tweets that garner little reaction, but there are also quite a few trade policy tweets that lead to sizable swings.There’s only “weak evidence” that President Trump’s tweets criticizing the U.S. Federal Reserve move market monetary policy expectations, Goldman Sachs said in a research paper published Monday, but there is “strong” evidence that his trade-related tweets do affect market expectations of…

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Samsung’s third-quarter profit estimate exceeds expectations on smartphone sales

“Analyst Park noted that Samsung’s mobile business is far smaller than its memory chip business, accounting for about 20% of profit” writes Midwest Communications Inc for 95kqds.com. “Hence, the strong smartphone sales has limited ability to fix all Samsung’s issues,” Park said.”Data center customers, a major driver for memory chip business, are pursuing conservative investment for the time being, not particularly uplifting news for Samsung.”.  Source: 95kqds.com

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Friday’s jobs report ‘leaves Fed hostage to market,’ says Deutsche Bank’s Ruskin

“However, the Deustche Bank chief international strategist says failing to deliver on market expectations for another quarter percentage point cut in the U.S. policy rate at a 1.75%-2% range may be even more disruptive” writes Mark Decambre for marketwatch.com. In a research note following Friday’s monthly U.S. jobs report showing the unemployment rate at a 50-year low, Ruskin acknowledges that the report offers sufficient support for those advocating for a rate cut on Oct. 30, as well as for those seeing this year’s two cuts as enough.The Federal Reserve may…

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Costco’s profit falls just short of investors’ high expectations

“Costco Wholesale, the Issaquah-based retailer, reported quarterly profit that fell short of estimates, and U.S. sales, while still brisk, also slightly missed” writes This Story Was for seattletimes.com. Costco already reported sales for most of the quarter, so investors were also watching metrics like membership fee growth and member renewal rates.Revenue from membership fees rose in the quarter — and that’s a positive sign for the retailer since those annual dues generate a bulk of Costco’s profit. Source: seattletimes.com

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