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US homebuilder NVR tops profit estimates as tight housing supply spurs sales
US homebuilder NVR tops profit estimates as tight housing supply spurs sales. NVR posted first-quarter consolidated revenue of $2.33 billion. New orders for the company rose 3% to 6,049 homes. Average selling price per home rose 3%.
Reuters · 3d ago
PulteGroup beats profit, revenue estimates on higher home sales
PulteGroup beats first-quarter profit, revenue estimates on higher home sales. Strong demand for constructions amid an acute shortage of existing homes in the U.S. Home sales revenue for the quarter came in at $3.82 billion, above analysts' estimates.
Reuters · 3d ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 04/18 12:00
UPDATE 2-D.R. Horton forecasts strong fiscal 2024 on tight supply of existing homes
D.R. Horton forecasts strong fiscal 2024 on tight supply of existing homes in the United States. Shares of the largest U.S. Homebuilder rose 4% to $151.30 on Thursday. The company raised its forecast for full-year revenue for fiscal 2024 to $37.7 billion.
Reuters · 04/18 10:55
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: JEFFERIES CUTS TARGET PRICE TO $162 FROM $171
Reuters · 04/17 15:07
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: BOFA GLOBAL RESEARCH RAISES PRICE OBJECTIVE TO $168 FROM $165
Reuters · 04/17 13:40
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: EVERCORE ISI CUTS TARGET PRICE TO $175 FROM $184
Reuters · 04/17 07:04
UPDATE 1-Big banks led by Citi continue to trim staff to cut costs
Big banks led by Citi continue to trim staff to cut costs in the first quarter. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined. Banks are under pressure to control costs due to uncertain economic outlook. JPMorgan Chase added 2, thousand employees in first quarter to 311,921.
Reuters · 04/16 19:28
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