MENLO PARK, CALIFORNIA - FEBRUARY 02: A security guard stands next to a sign at Meta headquarters on February 02, 2023 in Menlo Park, California. Facebook's parent company Meta reported better-than-expected fourth quarter earnings with $32.17 billion in revenue.
The company's stock surged 23 percent for its best trading day in close to a decade. — Share of the internet media company lost about 10% on a weak first-quarter revenue outlook. Buzzfeed expects first-quarter revenue of $61-$67 million, compared to expectations of $83.6 million, according to FactSet. The company beat sales expectations in its fourth quarter results.
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banksOn a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks.
Source: MarketWatch - 🏆 3. / 97 Read more »
First Republic, regional bank stocks rebound despite Moody’s downgradesMoody’s Investors Service announced that it would scrutinize financial institutions for a potential downgrade of their credit rating. Pretty much Doubt Dead cat bounce.
Source: nypost - 🏆 91. / 67 Read more »
First Republic and Western Alliance pace big rebound in regional-bank stocks after huge lossesRegional-bank stocks posted big gains Tuesday after huge losses in the previous session, but volatility continued following the demise of SVB and other banks.
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Source: MarketWatch - 🏆 3. / 97 Read more »