(AOF) – US stocks are expected to open on a slightly positive note, the future still there is little in the red now progressing modestly. Sharply higher yesterday, the banking sector will continue to be featured, but Bank of America and Wells Fargo are expected to decline after their results. WTI for its part stabilizes above 42 dollars a barrel. Less than 30 minutes from the quotes, futures on the S & amp; P 500 and Nasdaq Composite gaining 0.10% to 2078 points, and 0.05% to 4 550 points
. yesterday on Wall Street
the US markets closed higher, supported by the good news from China and reassuring results from JPMorgan. Financial stocks were brought by the news, showing an increase of over 2%. A few days before the meeting of producer countries in Doha, investors have not reacted to weak oil prices per barrel WTI lost 0.82 to 41.27 dollars late in the session. The Dow Jones gained 1.06% to 17 908.28 points and the Nasdaq Composite was awarded 1.55% to 4 947.42 points.
Macroeconomic figures
the consumer prices in the US rose 0.1% in March from February and 0.9% year on year. The Reuters consensus was 0.2% and 1.1% respectively. Excluding volatile items such as energy and food, they also rose 0.1% in March over one month.
253 000 jobless were registered last week in the United United against 270,000 the previous week revised figure of 267 000. the Reuters consensus was 270,000.
values to follow
BANK oF AMERICA Second
US bank to publish its first quarter results, bank of America is expected to decline. In the first three months of the year, the institution saw its net income fell 13% to $ 2.7 billion, or 21 cents per share, broadly in line with expectations. Penalized by difficulties in the markets, which weighed on its trading activity, Bank of America saw its revenues back also, from 6.6% to 19.7 billion. Thomson Reuters consensus of 20.3 million.
BLACKROCK
BlackRock reported for the first quarter 2016 a 20% drop in net profit to $ 657 million or 3 92 dollars per share. Adjusted for exceptional items, earnings per share for the first manager of global assets decreased to 4.25 dollars, under the consensus saw to 4.29 dollars. BlackRock Quarterly revenue also fell 4% to $ 2.62 billion. Analysts had expected them to 2.72 billion. In the first quarter, BlackRock reported $ 36 billion of net flows.
DELTA AIRLINES
Delta Airlines has reported, for the first quarter 2016, a 27% drop in profit net to $ 946 million, or $ 1.21 per share. Adjusted for exceptional items, earnings per share of the airline rose to $ 1.32, exceeding by 2 cents the consensus FactSet. Quarterly revenues of Delta Airlines are instead fallen slightly below market expectations at 9.25 billion (-1.5%), they were expected to 9.27 billion. For the second quarter, Delta Airlines expects a decline of 2.5% to 4.5% of income per passenger.
ESTEE LAUDER Estee Lauder announced the upcoming departure of Ivan Fernandez, President for Europe, Middle East and Africa (EMEA), and its replacement by Peter Jueptner. Stéphane of Faverie was also named Global President for Estée Lauder, with effect from 1 July 2016, Nancy Mahon became vice-president in charge of corporate citizenship and global sustainable development with decision effective April 15, 2016.
GAP
Eight months after the departure of his boss at Ralph Lauren, the claw Old Navy, Gap group, has a new leader in the person of Sonia Syngal. The latter managed hitherto procurement and logistics group. Sonia Syngal finds himself at the head of a brand she knows well – she was Vice-President in charge of International in 2013 – while Old Navy no longer able to resist falling sales in which Gap shut up for a year. In March 2016, sales fell 6% while they still jumped 14% last year.
PIER 1 IMPORTS Pier 1 Imports
realized in the fourth quarter of its FY 2015/2016 net income of $ 18.7 million, or 23 cents per share. Excluding items, earnings rose to 39 cents. These results exceeded Wall Street expectations. The consensus expected EPS, excluding special items, of 21 cents. The furniture retailer posted a turnover of 542.3 million, while analysts on average expected 532.6 million. Bad point however, like basis sales fell 0.6%.
SEAGATE TECHNOLOGY Seagate Technology expects to record sales of $ 2.6 billion in the third quarter and an unadjusted gross margin of about 23%. These preliminary results, if confirmed, would be lower than expected in the group: it was a quarterly revenue of $ 2.7 billion and a gross margin of approximately 25.6%. To justify the expected underperformance, Seagate has incriminated a lower demand in China for its products.
WELLS FARGO Wells Fargo
unveiled downturn in results, but less bad than expected in the first quarter. Over this period, the largest US mortgage lending posted net profit of $ 5.5 billion, or 99 cents per share, against $ 5.8 billion or $ 1.04 per share, a year earlier. The Reuters consensus was 97 cents. At the same time, revenues increased 4.2% to $ 22.2 billion. Wall Street expected 21.61 billion dollars. Its bad debt provisions jumped 79% to $ 1.09 billion.
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