Stocks

Google Ad

Real Estate firm Zillow returned a profit for the first quarter versus a loss a year ago. $Z is benefiting from the housing boom where US March housing starts soared in March 19.4%, the highest reading since June of 2006. The median existing home price was the highest on record. 

Privia Health Group which provides a value-based care platform for physicians accessed in the cloud, priced its IPO at $23 at the high end of the upwardly revised range April 29, 2021. The company will trade under $PRVA provides a raised $449 million At pricing, Privia commands a fully diluted market value of $2.8 billion. 

Texas Instruments, the largest manufacturer of analog and embedded processors in America, traded sharply lower despite reporting better than expected 1Q21 results and 2Q21 guidance after the close Tuesday. Concern is over inventory levels becoming more depleted and its lead-times for some products extending.

Motorcycle icon Harley Davidson reported much better than expected first quarter earnings Monday before the market. $HOG saw momentum building rapidly as the US economy opened up and ridership soared. $HOG rose 10% on the report.

Morgan Stanley reported better than expected first quarter earnings before the bell Fridayon stronger-than-expected trading and investment banking results. The boom in SPAC-issuance has been a boon in fees for for $MS.Bank of America, JPMorgan Chase, Wells Fargo  PNC Financial, Goldman Sachs and Citigroup reporting.

Blackrock reported better than expected first quarter earnings before the bell on Thursday. $BLK saw higher income from it's ETF and investment management income, reporting after Goldman Sachs $GS,  Wells Fargo $WFC and JPMorgan $JPM. BlackRock closed the quarter with over $9 trillion in total assets under management.

PNC Financial reported better than expected first quarter earnings before the bell on Friday. $PNC saw higher interest income and a rise in non-interest income,  The Bank reported after Citigroup, Goldman Sachs, CitigroupWells Fargo  and JPMorgan

Citigroup reported better than expected Q1 earnings Thursday before the market including a $3.4 bln credit reserve release. $C reported after JPMorgan Chase, Goldman Sachs and Wells Fargo. Citi will operate consumer banking solely from 4 wealth centers: Singapore, Hong Kong, UAE, and London.

Bank of America reported better than expected first quarter earnings before the bell Thursday on surginginvestment banking and trading results coupled with the release of loan-loss reserves.  $BAC followed CitigroupJPMorgan Chase, Wells FargoGoldman Sachs reporting

Digital banking platform Coinbase went public on Wednesday trading under the symbol $COIN. The Nasdaq’s first major direct listing rose as high as $429.54 briefly giving it a market value over $100 billion. Growing popularity of cryptocurrencies has seen attention shift towards the exchanges they trade on.

Google ads