US Stock Reports, Quotes and News
Grupo Financiero Banorte (GFNORTEO.MX), one of Mexico\’s largest financial groups, reported a robust first quarter with a 9% increase in net income and a 134 basis point improvement in return on equity (ROE). The bank\’s management discussed the positive momentum of the Mexican economy, driven by domestic demand, and a moderate inflation climate that allowed for a recent rate cut by the central bank.
Johnson & Johnson (JNJ), a global healthcare giant, reported a 3.9% increase in worldwide sales, hitting $21.4 billion for the first quarter of 2024. The U.S. market saw a 7.8% increase, although international sales slightly declined by 0.3%. Excluding the COVID-19 vaccine impact, operational sales growth was 7.6% worldwide.
Goldman Sachs (GS) has delivered strong first-quarter results for 2024, with net revenues reaching $14.2 billion and net earnings of $4.1 billion. The company\’s Global Banking & Markets segment was a significant contributor, generating $9.7 billion in revenues, thanks to notable performances in advisory, equity underwriting, and debt underwriting.
Salesforce (NYSE:CRM) CEO Marc Benioff is reportedly targeting Informatica (INFA) for what could be one of the company\’s largest acquisitions, reinforcing Salesforce\’s position in data integration and management.
Investing.com — StubHub is mulling plans to go public by late summer in an initial public offering that the online ticketing service business hopes will value it at about $16.5 billion, The Information reported Friday, citing unnamed sources.