On Tuesday, Twitter, Inc. (TWTR) increased to $45.93, up +1.66 percent. As of Wednesday, Turkey is banning advertisements on the California social media network, as well as on Periscope and Pinterest, in the absence of the election of a local representative, called for in the latest local media oversight regulations.
State Street Corporation (STT) rose to $78.4, up +1.58 percent in the trading. For the fourth fiscal year, State Street posted non-GAAP (adjusted) earnings per share of $1.69, relative to $1.55 consensus earnings. GAAP earnings were $1.39 per share. In the past year, the sales of the finance company totaled $2.92 billion, down 4.3 percent year-on-year, relative to a forecast of $2.8 billion.
Goldman Sachs Group, Inc. (GS), despite the announcement of a tremendous result in the fourth quarter, was down -2.26 percent to $294.2. Quarterly earnings per share of the investment bank are $12.08 against a forecast of $7.47. Revenues amounted to $11.74 billion, compared with an industry estimate of just under $10 billion. At $4.27 billion, trading sales met forecasts, up 23% year-on-year. Compared with $1.72 billion a year ago, net profits for common shareholders was $4.36 billion.
Bank of America Corporation (BAC) was stable at $32.77 after a slight fall of -0.73 percent. By the end of March, BAC approved the repurchase of $2.9 billion of its own common stock. A monthly dividend of 18 cents was also declared by the Charlotte bank. On Tuesday, the bank issued its fourth-quarter tax accounts as well. Quarterly sales totaled $20.1 billion against a $20.5 billion consensus. Revenues from non-DVA trading were $3.06 billion, even below estimates. Earnings per share, compared with a median of 54 cents, were 59 cents. Thus, the bank tops the consensus on earnings by 5 cents, but defeats the consensus on sales, though the business has declined by more than 10% year-on-year.