- Arun Goswami
- 17 Apr, 2025
- Mumbai
Swaraj Engines Ltd. increased 0.2% to ₹4200 despite the diesel engine maker reporting a 30% increase in net income in the March quarter.
Consolidated revenue in the March quarter increased to ₹458.8 crore from ₹354.1 crore, and profit after tax advanced to ₹45.4 crore from ₹35.1 crore, and diluted earnings per share rose to ₹37.38 from ₹28.96 a year ago.
For the fiscal year 2025, revenue advanced to ₹1,698.3 crore from ₹1,433.6 crore, profit after tax jumped to ₹166 crore from ₹137.9 crore, and diluted earnings per share soared to ₹136.61 from ₹113.48 a year ago.
The company's board recommended an equity dividend of ₹110 per share for the financial year 2025.
Wipro Ltd. dropped 5.5% to ₹234.15 despite the tech services company reporting an 18% rise in its earnings in the latest quarter.
Consolidated revenue in the March quarter increased to ₹1,849.1 crore from ₹1,762.6 crore, and profit after tax advanced to ₹289.2 crore from ₹244.7 crore, and diluted earnings per share rose to ₹2.75 from ₹2.33 a year ago.
For the fiscal year 2025, revenue advanced to ₹7,115.3 crore from ₹6,983.8 crore, profit after tax increased to ₹1,079.2 crore from ₹911.8 crore, and diluted earnings per share soared to ₹10.29 from ₹8.59 a year ago.
Waaree Renewable Technologies Ltd. jumped 11% to ₹1,136.70 after the solar panel manufacturer and EPC solutions provider reported an 83% jump in its earnings in the March quarter.
Consolidated revenue in the March quarter increased to ₹483.4 crore from ₹275.3 crore, and profit after tax advanced to ₹93.7 crore from ₹51.3 crore, and diluted earnings per share rose to ₹8.98 from ₹4.91 a year ago.
For the fiscal year 2025, revenue advanced to ₹1,612.6 crore from ₹880.6 crore, profit after tax jumped to ₹228.9 crore from ₹145.2 crore, and diluted earnings per share soared to ₹21.95 from ₹13.89 a year ago.
GTPL Hathway Ltd. fell 1.8% to ₹111.20 after the wireline broadband service provider reported a 33% plunge in quarterly profit from a year ago.
Consolidated revenue in the March quarter increased to ₹898.9 crore from ₹814.8 crore, and profit after tax declined to ₹10.8 crore from ₹16 crore, and diluted earnings per share fell to 95 paise from ₹1.17 a year ago.
For the fiscal year 2025, revenue advanced to ₹3,507.2 crore from ₹3,246 crore, profit after tax decreased to ₹49.2 crore from ₹111.8 crore, and diluted earnings per share dropped to ₹4.26 from ₹9.51 a year ago.
Jayaswal Neco Industries Ltd. rose 0.4% to ₹33.33 after the iron and steel castings producer reported a slight increase in revenue and a 13% decline in profit in the December quarter.
Consolidated revenue advanced to ₹1,660.1 crore from ₹1,566 crore, net income declined to ₹76.9 crore from ₹88.8 crore, and diluted earnings per share fell to 79 paise from 91 paise a year ago.
Rajratan Global Wire Ltd. gained 3.9% to ₹310.80 despite the bead wire maker reporting a 53% drop in profit in the December quarter.
Consolidated revenue declined to ₹218.8 crore from ₹232.6 crore, after-tax profit decreased to ₹9.3 crore from ₹19.7 crore, and diluted earnings per share fell to ₹1.83 from ₹3.88 a year ago.
Tata Teleservices (Maharashtra) Ltd. edged higher 0.6% to ₹59.89 after the connectivity and communication solutions provider reported a marginal increase in revenue and a net loss expanded in the December quarter.
Consolidated revenue advanced to ₹333.7 crore from ₹298.8 crore, net loss expanded to ₹315.1 crore from ₹307.7 crore, and diluted losses per share advanced to ₹1.61 from 83 paise a year ago.
Thyrocare Technologies Ltd. inched higher 1.5% to ₹718.55 after the diagnostic and preventive care laboratories services provider reported a 29% increase in net income in the December quarter.
Consolidated revenue advanced to ₹169.9 crore from ₹137.5 crore, after-tax profit increased to ₹19 crore from ₹14.7 crore, and diluted earnings per share rose to ₹3.56 from ₹2.77 a year ago.
- Akira Ito
- 17 Apr, 2025
- Tokyo
Stock market indexes in Tokyo advanced, erasing losses from the previous session as investors reacted to the latest international trade data and comments from the Fed Chair.
The Nikkei 225 Stock Average advanced 1%, and the broader TOPIX edged up 1.1%.
Investors pinned their hopes on the positive outcome of trade negotiations with the Trump administration, and Japan's chief negotiator, Ryosei Akazawa, is looking to lower tariffs.
The U.S. placed 10% minimum tariffs and halted additional 24% tariffs on all Japanese goods and 25% on Japanese vehicles for 90 days.
Akazawa is hoping to avert most of the tariffs and provide concessions for the U.S. imports in exchange, but few details have emerged so far.
On the economic front, Japan's exports rose less than expected, but imports rebounded in March, indicating sustained domestic demand.
Japan's exports rose 3.9% to 9.85 trillion yen, sharply lower than the 11.5% increase in the previous month, as importers front-loaded ahead of the U.S. steel and aluminum tariffs.
Machinery exports increased 3.4%, transportation equipment advanced 3.8%, and chemical shipments gained 3.7%.
Exports to the U.S. increased 3.1%, to Hong Kong jumped 19.7%, Taiwan 19.5%, South Korea 11.5%, and India added 14.4%.
However, exports to China declined 4.8%, surged to Russia by 47%, but fell to the EU by 1.1%.
Imports edged up 2% to 9.3 trillion yen, recovering from the 0.7% decline in the previous month, according to the Ministry of Finance.
Imports rose from China by 15.9%, Taiwan by 3.0%, South Korea by 2.5%, India by 16.0%, and the EU countries by 1.1%.
Goods arriving from the ASEAN countries also advanced by 10.5%, notably from Thailand by 9.9% and Malaysia by 13.4%.
Japan's trade surplus expanded to 544.1 billion in March from 349.9 billion in the same month a year earlier.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1% to 34,254.82, and the broader TOPIX index advanced 1.1% to 2,523.49.
Toyota Motor Corp. decreased 0.02% to ¥2,498.50, Honda Motor Corp. increased 2% to ¥1,385.50, and Nissan Motor edged up 0.2% to ¥316.70.
Semiconductor equipment makers were in focus after the U.S. placed additional restrictions on the sale of advanced chips to China.
Tokyo Electron declined 0.4% to ¥19,605.0, Advantest Corp. rose 3.4% to ¥5,597.0, Disco Corp. rose 1.8% to ¥26,465.0, and Lasertec Corp. jumped 3.9% to ¥12,365.0.
- Akira Ito
- 17 Apr, 2025
- Tokyo
- Akira Ito
- 17 Apr, 2025
- Tokyo
Stock market indexes in Tokyo advanced, erasing losses from the previous session as investors reacted to the latest international trade data and comments from the Fed Chair.
The Nikkei 225 Stock Average advanced 1%, and the broader TOPIX edged up 1.1%.
Investors pinned their hopes on the positive outcome of trade negotiations with the Trump administration, and Japan's chief negotiator, Ryosei Akazawa, is looking to lower tariffs.
The U.S. placed 10% minimum tariffs and halted additional 24% tariffs on all Japanese goods and 25% on Japanese vehicles for 90 days.
Akazawa is hoping to avert most of the tariffs and provide concessions for the U.S. imports in exchange, but few details have emerged so far.
On the economic front, Japan's exports rose less than expected, but imports rebounded in March, indicating sustained domestic demand.
Japan's exports rose 3.9% to 9.85 trillion yen, sharply lower than the 11.5% increase in the previous month, as importers front-loaded ahead of the U.S. steel and aluminum tariffs.
Machinery exports increased 3.4%, transportation equipment advanced 3.8%, and chemical shipments gained 3.7%.
Exports to the U.S. increased 3.1%, to Hong Kong jumped 19.7%, Taiwan 19.5%, South Korea 11.5%, and India added 14.4%.
However, exports to China declined 4.8%, surged to Russia by 47%, but fell to the EU by 1.1%.
Imports edged up 2% to 9.3 trillion yen, recovering from the 0.7% decline in the previous month, according to the Ministry of Finance.
Imports rose from China by 15.9%, Taiwan by 3.0%, South Korea by 2.5%, India by 16.0%, and the EU countries by 1.1%.
Goods arriving from the ASEAN countries also advanced by 10.5%, notably from Thailand by 9.9% and Malaysia by 13.4%.
Japan's trade surplus expanded to 544.1 billion in March from 349.9 billion in the same month a year earlier.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1% to 34,254.82, and the broader TOPIX index advanced 1.1% to 2,523.49.
Toyota Motor Corp. decreased 0.02% to ¥2,498.50, Honda Motor Corp. increased 2% to ¥1,385.50, and Nissan Motor edged up 0.2% to ¥316.70.
Semiconductor equipment makers were in focus after the U.S. placed additional restrictions on the sale of advanced chips to China.
Tokyo Electron declined 0.4% to ¥19,605.0, Advantest Corp. rose 3.4% to ¥5,597.0, Disco Corp. rose 1.8% to ¥26,465.0, and Lasertec Corp. jumped 3.9% to ¥12,365.0.
- Li Chen
- 17 Apr, 2025
- Hong Kong
Stocks in China and Hong Kong advanced in the hopes of progress in trade negotiations between China and the U.S.
The Hang Seng index increased 1.6%, and the mainland-focused CSI 300 index eased 0.3% as investors speculated that the U.S. may pause tariffs on China's exports.
Despite the positive sentiment in trading in Hong Kong, trade tensions between the U.S. and China showed no signs of easing.
China has halted shipments of key rare earth minerals to the U.S. and asked domestic airlines to cancel orders for Boeing aircraft and parts.
China's move comes after the Trump administration slapped additional tariffs on China's exports that could increase to as high as 245%.
Market sentiment was on the rise after China's first-quarter GDP growth at an annual pace of 5.4%, ahead of market expectations, and investors speculated that buyers will return to the property market amid stimulus measures.
The Hang Seng index rebounded from the 2% decline in yesterday's trading, as China's small manufacturing companies investigate how to reorient supply chains amid constantly changing U.S. trade policy.
China Indexes and Stocks
The Hang Seng index advanced 1.6% to 21,400.58, and the mainland-focused CSI 300 index eased 0.0.3%.
Alibaba Group Holding jumped 3% to HK $108.60, Tencent Holdings gained 2.6% to HK $459.60, and Meituan edged up 0.2% to HK $135.10.
HSBC Holdings plc advanced 1.1% to HK $80.40, Bank of China edged up 0.7% to HK $4.43, and China Construction Bank gained 1.3% to HK $6.63.
BYD jumped 0.8% to HK $366.60, Li Auto Inc. advanced 3.4% to HK $89.80, and Xpeng Inc. jumped 2.3% to HK $75.05.
- Li Chen
- 17 Apr, 2025
- Hong Kong
Stocks in China and Hong Kong advanced in the hopes of a progress in trade negotiations between China and the U.S.
The Hang Seng index increased 1.6% and the mainland-focused CSI 300 index eased 0.3% as investors speculated that the U.S. may pause tariffs on China's exports.
Despite the positive sentiment in trading in Hong Kong, trade tensions between the U.S. and China showed no signs of easing.
China has haled shipments of key rare earth minerals to the U.S. and asked domestic airlines to cancel orders for Boeing aircrafts and parts.
The China's move comes after the Trump administration slapped additional tariffs on China's exports that could increase to as high as 245%.
Market sentiment was on the rise after China's first quarter GDP growth at an annual pace of 5.4%, ahead of market expectations, and investors speculated that buyers will return to the property market amid stimulus measures.
The Hang Seng index rebounded from the 2% decline in yesterday's trading, as China's small manufacturing companies look for ways to reorient supply chains amid constantly changing U.S. trade policy.
China Indexes and Stocks
The Hang Seng index advanced 1.6% to 21,400.58 and the mainland-focused CSI 300 index eased 0.0.3%.
Alibaba Group Holding jumped 3% to HK $108.60, Tencent Holdings gained 2.6% to HK $459.60, and Meituan edged up 0.2% to HK $135.10.
HSBC Holdings plc advanced 1.1% to HK $80.40, Bank of China edged up 0.7% to HK $4.43, and China Construction Bank gained 1.3% to HK $6.63.
BYD jumped 0.8% to HK $366.60, Li Auto Inc advanced 3.4% to HK $89.80, and Xpeng Inc jumped 2.3% to HK $$75.05.
- Barry Adams
- 16 Apr, 2025
- New York City
Wall Street indexes lacked direction on Wednesday as investors focused on the fresh batch of corporate results amid elevated tariff turmoil.
The S&P 500 index decreased 1%, and the Nasdaq Composite declined 2% as investors reacted positively to earnings from Bank of America, Citigroup, Goldman Sachs, United Airlines, and CSX.
Nvidia came under pressure after the company was restricted from selling its H2O chip to China amid new trade barriers on trade with China set by the Trump administration.
Global investor sentiment has turned cautious following the Trump administration's constant trade policy changes and escalating threats to key allies.
Investors have soured on the U.S. dollar-denominated assets, driving down the value of the U.S. dollar and pushing the yield on the 10-year U.S. Treasury notes by 50 basis points.
Japan, China, the UK, and Luxembourg own about $3 trillion of U.S. Treasury notes, and a total of $8.5 trillion worth of U.S. Treasury notes are held by foreign governments or entities, according to the latest data available from the U.S. Department of the Treasury.
Investors are increasingly considering the possibility of a yield on 10-year Treasury notes surging close to 6.5%, driven by the combined effect of panic selling by foreign investors and a fresh bout of inflation.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 1.1% to 5,338.83, the Nasdaq Composite edged down 1.9% to 16,496.05, and the Russell 2000 index was down 0.5% to 1,870.98.
The yield on 2-year Treasury notes edged lower to 3.81%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds advanced to 4.79%.
WTI crude oil increased $0.68 to $62.01 a barrel, and natural gas prices edged lower by $0.06 to $3.27 a thermal unit.
Gold increased by $56.84 to 3,307.85 an ounce, and silver edged up by $0.41 to $32.80.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.60 to 99.62, and it traded at the lowest level since April 2022.
U.S. Retail Sales Surged In March
On the economic front, retail and food services sales in March, adjusted for seasonal and calendar effects but not for inflation, jumped 4.6% from a year ago to $734.9 billion.
On a monthly basis, sales advanced 1.4%, the U.S. Census Bureau reported today.
Total sales for the January through March period were up 4.1% from the same period a year ago, and the January to February percent change was unrevised from up 0.2%.
Retail trade sales in March were up 1.4% from February and up 4.6% from last year.
Motor vehicle and parts dealer sales surged 8.8%, while nonstore retailer sales advanced 4.8% from a year ago, respectively.
U.S. Movers
Bank of America edged up 0.4% to $37.85 after the bank reported better-than-expected quarterly results amid a steady flow of assets and stable deposits.
Citigroup edged up 0.3% to $63.48 after the bank's quarterly results surpassed market expectations because of higher revenue in its equity and fixed-income trading businesses.
HP Enterprise Co. decreased 0.4% to $14.90, and activist investor Elliott Management has taken a $1.5 billion stake in the cloud services provider.
United Airlines soared 6.4% to $14.90, and the international carrier reported strong quarterly results amid rising demand for premium international air travel.
The airline said it reiterated its annual adjusted earnings per share to range between $11.50 and $13.50, but recession could drive down earnings to between $7.0 and $9.0.
Nvidia Corp. dropped 6.4% to $104.97, and the advanced semiconductor maker said it plans to take a one-time charge of $5.5 billion after the Trump administration banned the company from selling H2O chips to China.
- Barry Adams
- 16 Apr, 2025
- New York City
Wall Street indexes lacked direction on Wednesday as investors focused on the fresh batch of corporate results amid elevated tariff turmoil.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors reacted positively to earnings from Bank of America, Citigroup, Goldman Sachs, United Airlines, and CSX.
Nvidia came under pressure after the company was restricted from selling its H2O chip to China amid new trade barriers on trade with China set by the Trump administration.
Global investor sentiment has turned cautious following the Trump administration's constant trade policy changes and escalating threats to key allies.
Investors have soured on the U.S. dollar-denominated assets, driving down the value of the U.S. dollar and pushing the yield on the 10-year U.S. Treasury notes by 50 basis points.
Japan, China, the UK, and Luxembourg own about $3 trillion of U.S. Treasury notes, and a total of $8.5 trillion worth of U.S. Treasury notes are held by foreign governments or entities, according to the latest data available from the U.S. Department of the Treasury.
Investors are increasingly considering the possibility of a yield on 10-year Treasury notes surging close to 6.5%, driven by the combined effect of panic selling by foreign investors and a fresh bout of inflation.
U.S. Retail Sales Surged In March
On the economic front, retail and food services sales in March, adjusted for seasonal and calendar effects but not for inflation, jumped 4.6% from a year ago to $734.9 billion.
On a monthly basis, sales advanced 1.4%, the U.S. Census Bureau reported today.
Total sales for the January through March period were up 4.1% from the same period a year ago, and the January to February percent change was unrevised from up 0.2%.
Retail trade sales in March were up 1.4% from February and up 4.6% from last year.
Motor vehicle and parts dealers sales surged 8.8%, while nonstore retailers sales advanced 4.8% from a year ago, respectively.
U.S. Movers
Bank of America edged up 0.4% to $37.85 after the bank reported better-than-expected quarterly results amid a steady flow of assets and stable deposits.
Citigroup edged up 0.3% to $63.48 after the bank's quarterly results surpassed market expectations because of higher revenue in its equity and fixed-income trading businesses.
HP Enterprise Co. decreased 0.4% to $14.90, and activist investor Elliott Management has taken a $1.5 billion stake in the cloud services provider.
United Airlines soared 6.4% to $14.90, and the international carrier reported strong quarterly results amid rising demand for premium international air travel.
The airline said it reiterated its annual adjusted earnings per share to range between $11.50 and $13.50, but recession could drive down earnings to between $7.0 and $9.0.
Nvidia Corp. dropped 6.4% to $104.97, and the advanced semiconductor maker said it plans to take a one-time charge of $5.5 billion after the Trump administration banned the company from selling H2O chips to China.
- Bridgette Randall
- 16 Apr, 2025
- London
European markets traded down amid renewed growth and trade barriers in the semiconductor-linked stocks.
Benchmark indexes in Frankfurt, Paris, Milan, and London fell between 0.7% and 1.3% amid ongoing trade uncertainty and geopolitical tensions.
On a light day of economic releases, the UK's consumer price inflation in March slowed to 2.6% from 2.8% in February.
The largest downward contribution came from recreation and culture inflation easing to 2.4% from 3.4%, data processing equipment prices falling 5.1%, and transportation equipment inflation easing to 1.2% from 1.8% a year ago, respectively.
Core inflation, which excludes volatile food and energy prices, slowed to 3.4% from 3.5% a year ago.
The euro continued to trade higher against the U.S. as investors and traders shifted allocation away from the U.S.-denominated assets because of incoherent and chaotic U.S. trade policy.
Europe Indexes and Yields
The DAX index decreased by 0.9% to 21,057.56, the CAC-40 index edged lower by 0.9% to 7,271.34, and the FTSE 100 index declined by 0.7% to 8,191.10.
The yield on 10-year German bonds inched lower to 2.48%, French bonds decreased to 3.26%, UK gilts moved down to 4.59%, and Italian bonds edged lower to 3.69%.
The euro increased to $1.14; the British pound was higher at $1.33; and the U.S. dollar was lower and traded at 81.40 Swiss cents.
Brent crude decreased $0.38 to $64.29 a barrel, and the Dutch TTF natural gas was higher by €0.11 to €34.40 per MWh.
Europe Movers
ASML fell 4.6% to €576.40 after the Dutch supplier to the semiconductor industry reported first quarter 2025 results.
Net sales edged up to €7.74 billion from €5.29 billion, net income jumped to €2.35 billion from €1.22 billion, and diluted earnings per share rose to €6.00 from €3.11 a year ago.
However, first-quarter order bookings of €3.94 billion fell short of analysts' expectations amid tariff uncertainties.
Infineon Technologies declined 1.8% to €26.52 after the U.S. placed additional restrictions on the sale of advanced equipment to China.
Heineken NV increased 3.2% to €77.40 after the company reported better-than-expected quarterly results and reaffirmed its annual outlook.
Revenue decreased 4.9% to €7.78 billion from €8.18 billion a year ago.
The company guided operating profit in the full year to "grow organically between 4% and 8%," according to a statement released to investors.
"In the first quarter, we delivered a 0.9% organic increase in net revenue. As anticipated, primarily due to calendar-related factors, organic beer volume declined by 2.1%.
Despite volatile consumer and geopolitical trends, we are performing within the range of expectations," said Dolf van den Brink, Chairman of the Executive Board and CEO.
Sartorius AG jumped 4.4% to €168.40, and the company posted better-than-expected first-quarter results.
In addition, the pharmaceutical equipment supplier said it is targeting higher profits in 2025.
Ipsen SA declined 2.8% to €96.35 despite the specialty-care pharmaceutical company delivering strong sales in the first quarter of 2025 and confirming its full-year outlook.
- Bridgette Randall
- 16 Apr, 2025
- London
European markets traded down amid renewed growth and trade barriers in the semiconductor-linked stocks.
Benchmark indexes in Frankfurt, Paris, Milan, and London fell between 0.7% and 1.3% amid ongoing trade uncertainty and geopolitical tensions.
On a light day of economic releases, the UK's consumer price inflation in March slowed to 2.6% from 2.8% in February.
The largest downward contribution came from recreation and culture inflation easing to 2.4% from 3.4%, data processing equipment prices falling 5.1%, and transportation equipment inflation easing to 1.2% from 1.8% a year ago, respectively.
Core inflation, which excludes volatile food and energy prices, slowed to 3.4% from 3.5% a year ago.
The euro continued to trade higher against the U.S. as investors and traders shifted allocation away from the U.S.-denominated assets because of incoherent and chaotic U.S. trade policy.
Europe Indexes and Yields
The DAX index decreased by 0.9% to 21,057.56, the CAC-40 index edged lower by 0.9% to 7,271.34, and the FTSE 100 index declined by 0.7% to 8,191.10.
The yield on 10-year German bonds inched lower to 2.48%, French bonds decreased to 3.26%, UK gilts moved down to 4.59%, and Italian bonds edged lower to 3.69%.
The euro increased to $1.14; the British pound was higher at $1.33; and the U.S. dollar was lower and traded at 81.40 Swiss cents.
Brent crude decreased $0.38 to $64.29 a barrel, and the Dutch TTF natural gas was higher by €0.11 to €34.40 per MWh.
Europe Movers
ASML fell 4.6% to €576.40 after the Dutch supplier to the semiconductor industry reported first quarter 2025 results.
Net sales edged up to €7.74 billion from €5.29 billion, net income jumped to €2.35 billion from €1.22 billion, and diluted earnings per share rose to €6.00 from €3.11 a year ago.
However, first-quarter order bookings of €3.94 billion fell short of analysts' expectations amid tariff uncertainties.
Infineon Technologies declined 1.8% to €26.52 after the U.S. placed additional restrictions on the sale of advanced equipment to China.
Heineken NV increased 3.2% to €77.40 after the company reported better-than-expected quarterly results and reaffirmed its annual outlook.
Revenue decreased 4.9% to €7.78 billion from €8.18 billion a year ago.
The company guided operating profit in the full year to "grow organically between 4% and 8%," according to a statement released to investors.
"In the first quarter, we delivered a 0.9% organic increase in net revenue. As anticipated, primarily due to calendar-related factors, organic beer volume declined by 2.1%.
Despite volatile consumer and geopolitical trends, we are performing within the range of expectations," said Dolf van den Brink, Chairman of the Executive Board and CEO.
Sartorius AG jumped 4.4% to €168.40, and the company posted better-than-expected first-quarter results.
In addition, the pharmaceutical equipment supplier said it is targeting higher profits in 2025.
Ipsen SA declined 2.8% to €96.35 despite the specialty-care pharmaceutical company delivering strong sales in the first quarter of 2025 and confirming its full-year outlook.
- Scott Peters
- 16 Apr, 2025
- New York City
Bank of America eased 0.4% to $37.82 after the company reported first quarter 2025 results.
Revenue climbed to $27.34 billion from $25.82 billion, net income edged up to $6.99 billion from $6.14 billion, and diluted earnings per share rose to 90 cents from 76 cents a year ago.
The company paid dividends of 26 cents per share in the quarter, compared to 24 cents a year earlier.
Net interest income came in at $14.4 billion, a full-time equivalent to $14.6 billion, an increase of 3% from the same quarter in 2024.
Provision for credit losses increased to $1.3 billion from $1.2 billion a year ago in the consumer banking business, and average deposit in the quarter eased to $947.6 billion from $952.5 billion, a year ago.
The company reported $4.2 trillion in assets under management, an increase of 5% from a year ago, driven by positive net client flows and higher market valuations.
Net asset inflow in the quarter was $24 billion, compared o $24.7 billion in the quarter a year ago.
Total global market sales and trading revenue increased to $5.66 billion from $5.09 billion a year earlier.
United Airlines Holdings Inc. surged 6.1% to $71.10 after the company reported first quarter 2025 results.
Revenue edged up 5.4% to $13.21 billion from $12.54 billion, net income swung to a profit of $387 million from a loss of $124 million, and diluted earnings per share came in at $1.16 compared to a loss of 38 cents a year ago.
The results in the first quarter represent the best operational performance since 2021, as capacity increased by 4.9%, the company said in a release to investors.
The company plans to invest in six additional gates at Chicago O’Hare International Airport in the fall season and also plans to expand at San Francisco.
The airline said it will have a Wi-Fi connection with Starlink installed on its entire fleet by the end of this year.
The company carried a record of over 450,000 customers per day on average during the quarter and cut its seat cancellation rate in half compared to the same quarter in 2024.
Interactive Brokers Group plunged 9.8% to $156.35 after the global electronic broker reported first quarter 2025 results.
Revenue increased to $1.43 billion from $1.20 billion, net income jumped to $213 million from $175 million, and diluted earnings per share rose to $1.94 from $1.61 a year ago.
Net interest income edged up 3% to $770 million on higher average customer margin loans and customer credit balances.
Commissions revenue increased 36% to $514 million on higher customer trading volumes.
Total customer accounts were 3.62 million in the quarter, a 32% increase from 2.75 million a year earlier.
Customer equity amounted to $573.5 billion, a 23% increase from $465.9 billion a year ago.
Customer daily average return trade was 3.52 million in the quarter, a 50% increase from 2.35 million in the prior year.
The company proposed a quarterly cash dividend of 32 cents per share, up from 25 cents a year ago, payable on June 13 to shareholders on record as of May 30.
JB Hunt Transport Services Inc. declined 6% $127.0 after the freight transportation services provider reported first quarter 2025 results.
Revenue declined to $2.92 billion from $2.94 billion, net earnings dropped to $117.74 million from $127.49 million, and diluted earnings per share edged down to $1.17 from $1.22 a year ago.
- Scott Peters
- 16 Apr, 2025
- New York City
Bank of America eased 0.4% to $37.82 after the company reported first quarter 2025 results.
Revenue climbed to $27.34 billion from $25.82 billion, net income edged up to $6.99 billion from $6.14 billion, and diluted earnings per share rose to 90 cents from 76 cents a year ago.
The company paid dividends of 26 cents per share in the quarter, compared to 24 cents a year earlier.
Net interest income came in at $14.4 billion, a full-time equivalent to $14.6 billion, an increase of 3% from the same quarter in 2024.
Provision for credit losses increased to $1.3 billion from $1.2 billion a year ago in the consumer banking business, and average deposit in the quarter eased to $947.6 billion from $952.5 billion, a year ago.
The company reported $4.2 trillion in assets under management, an increase of 5% from a year ago, driven by positive net client flows and higher market valuations.
Net asset inflow in the quarter was $24 billion, compared o $24.7 billion in the quarter a year ago.
Total global market sales and trading revenue increased to $5.66 billion from $5.09 billion a year earlier.
United Airlines Holdings Inc. surged 6.1% to $71.10 after the company reported first quarter 2025 results.
Revenue edged up 5.4% to $13.21 billion from $12.54 billion, net income swung to a profit of $387 million from a loss of $124 million, and diluted earnings per share came in at $1.16 compared to a loss of 38 cents a year ago.
The results in the first quarter represent the best operational performance since 2021, as capacity increased by 4.9%, the company said in a release to investors.
The company plans to invest in six additional gates at Chicago O’Hare International Airport in the fall season and also plans to expand at San Francisco.
The airline said it will have a Wi-Fi connection with Starlink installed on its entire fleet by the end of this year.
The company carried a record of over 450,000 customers per day on average during the quarter and cut its seat cancellation rate in half compared to the same quarter in 2024.
Interactive Brokers Group plunged 9.8% to $156.35 after the global electronic broker reported first quarter 2025 results.
Revenue increased to $1.43 billion from $1.20 billion, net income jumped to $213 million from $175 million, and diluted earnings per share rose to $1.94 from $1.61 a year ago.
Net interest income edged up 3% to $770 million on higher average customer margin loans and customer credit balances.
Commissions revenue increased 36% to $514 million on higher customer trading volumes.
Total customer accounts were 3.62 million in the quarter, a 32% increase from 2.75 million a year earlier.
Customer equity amounted to $573.5 billion, a 23% increase from $465.9 billion a year ago.
Customer daily average return trade was 3.52 million in the quarter, a 50% increase from 2.35 million in the prior year.
The company proposed a quarterly cash dividend of 32 cents per share, up from 25 cents a year ago, payable on June 13 to shareholders on record as of May 30.
JB Hunt Transport Services Inc. declined 6% $127.0 after the freight transportation services provider reported first quarter 2025 results.
Revenue declined to $2.92 billion from $2.94 billion, net earnings dropped to $117.74 million from $127.49 million, and diluted earnings per share edged down to $1.17 from $1.22 a year ago.