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Software startup Sprinklr targets $5 billion valuation in U.S. IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Reuters) - Software startup Sprinklr said on Monday it was looking to raise as much as $380 million through a U.S. initial public offering (IPO), targeting a valuation of about $5 billion. The company, whose customers include Microsoft Corp and McDonald’s Corp, said in a regulatory filing it planned to sell 19 million shares priced between $18 and $20 per share. The company’s revenue rose 19% to $111 million in the three months ended April 30, 2021. Its net loss, however, widened to $14.7 million from $11.2 million in the period. Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities are the lead underwriters for the offering.
Persons: Ragy, Morgan Stanley, J.P Organizations: Reuters, U.S, Microsoft Corp, McDonald’s, New York Stock Exchange, Citigroup, Barclays, Wells, Wells Fargo Securities, underwriters Locations: New Jersey, Morgan, Wells Fargo
Online grocery retailer Boxed to go public via $900 million SPAC deal
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
(Reuters) - Online bulk grocery retailer Boxed Inc said on Monday it would go public through a merger with blank-check firm Seven Oaks Acquisition Corp, in a deal valuing the equity of the combined firm at around $900 million. The deal is expected to provide Boxed with about $334 million in net cash proceeds, including a $120 million private investment from investors such as Brigade Capital Management, Avanda Investment Management and Onex Credit. Seven Oaks, a so-called special purpose acquisition company, or SPAC, raised nearly $260 million through an initial public offering (IPO) last year. SPACs are shell companies that raise funds through an IPO to take a private company public through a merger at a later date. Citi and PJ Solomon are serving as financial advisors to Boxed, while Wells Fargo Securities, Nomura and JonesTrading Institutional Services are acting as capital markets and financial advisors to Seven Oaks.
Persons: PJ Solomon Organizations: Reuters, Oaks, Corp, Brigade Capital Management, Avanda Investment Management, Onex, Seven, Citi, Wells, Wells Fargo Securities, Nomura, JonesTrading Institutional Services, Seven Oaks Locations: Wells Fargo
Companies Push Employees to Prove They Are Vaccinated
  + stars: | 2021-06-14 | by ( Chip Cutter | Orla Mccaffrey | ) www.wsj.com sentiment -0.97   time to read: +1 min
Companies are stepping up the pressure on workers to get vaccinated—not necessarily with mandates but with strong nudges. While most employers haven’t flat-out ordered staff to get vaccinated, many are asking workers to report their vaccination status or are implementing policies that restrict the activities of unvaccinated workers. Some companies say they want reassurance that the majority of their workers are vaccinated before broadly reopening offices. The Wall Street firm, which hasn’t mandated vaccines, has told staff that fully vaccinated employees who have registered their status can work without masks in its offices. Other banks, including Morgan Stanley and Wells Fargo & Co., have asked employees to voluntarily register their vaccination status.
Persons: Morgan Stanley, Wells Organizations: Companies, Goldman Sachs, Inc, Wells Fargo & Co
But, those investments present challenges for chief financial officers overseeing companies’ capital spending plans. Companies often make these investments before new regulations are proposed or consumer choices change, adding to the difficulty of finding the right balance. Xcel Energy CFO Brian Van Abel. CenterPoint Energy CFO Jason Wells. Philip Morris CFO Emmanuel Babeau.
Persons: Brian Van Abel, Van Abel, Jason Wells, Michael Hart CenterPoint, CenterPoint, Wells, Ford, Biden, Gregg Lemos, Stein, , Sébastien Martel, Philip Morris, Emmanuel Babeau ., Philip Morris’s, , Emmanuel Babeau, Babeau, , Kristin Broughton, Mark Maurer Organizations: General Motors Co, Ford Motor Co, Xcel Energy Inc, CenterPoint Energy Inc, Companies, Chevron Corp, Exxon Mobil Corp, Xcel Energy, Energy, CenterPoint, , General Motors, GM, Ford, Bombardier Recreational Products Inc, BRP, Philip Morris International Inc, mark.maurer Locations: Minneapolis, Minnesota, Colorado, Houston, Indiana, California, Massachusetts, Kristin.Broughton
Sen. John Boozman cashed out of Johnson & Johnson, among other stocks. Rep. Scott Franklin, a Republican of Florida, just made some of the biggest stock moves of 2021 — at least among members of Congress. Johnson & Johnson has also experienced vaccine production issues. Meanwhile, Sen. Shelley Moore Capito's husband, Charlie Capito, sold up to $15,000 worth of shares in Wells Fargo on May 10. Energy stocks are hotRep. Mark Green, a Republican from Tennessee, made two stock purchases in motor fuel distributor CrossAmerica Partners.
Persons: Sen, Elizabeth Warren . Rep, Scott Franklin, John Boozman, Johnson, we've, Pramila, Elizabeth Warren, Chris Evans, , Republican Sen, Richard Burr of, Tom Malinowski, John Sarbanes of, Ilhan Omar, Minnesota, Janice Schakowsky of, Chuy Garcia, Mark Pocan, Bill Clark, Roth, Danny Johnston John Boozman, Walt Disney, Morgan Chase, Boozman, Elaine Chao, Mitch McConnell, Carlos Barria Mitch McConnell, Trump, Mitch McConnell of, Chao, Wells Fargo, Shelley Moore, Charlie Capito, Mark Green, Green, James Langevin, rollin, rollin ', Earl Blumenauer isn't, Ann Wagner, Wagner, Arthur Byrant Organizations: Massachusetts Democrat, Stock, Republican, Democratic Rep, New, Democratic, Chuy Garcia of Illinois, Getty, Florida Republican, Roth IRA, Viatris Inc, AT, T Inc, AP, Apple, Bank of America, Comcast, Walt, Intel, HP, Dynamics, Honeywell, Union Pacific, Johnson, and Drug Administration, Former, Reuters, Carlos Barria Mitch McConnell fam, Wells Fargo & Company, Energy, CrossAmerica Partners, Shell Midstream Partners, Generac Holdings, Congressional, Caucus, AutoZone Inc, Trempealeau County Justice Center Locations: Washington, Massachusetts, Richard Burr of North Carolina, New Jersey, John Sarbanes of Maryland, Janice Schakowsky of Illinois, Wisconsin, Florida, Arkansas, Wells, Mitch McConnell of Kentucky, Wells Fargo, Tennessee, Rhode Island, Generac, Oregon, Middle America, The Missouri, Trempealeau, La Crosse , Wisconsin
One approach is to look for stocks that appear undervalued and are poised to deliver significant gains. Although he trimmed the price target from $85 to $80 to reflect "lower market valuations for [software as a service] stocks," this target still implies 31% upside potential. This prompted the analyst to reiterate a Buy rating and $190 price target, which brings the upside potential to 15%. This would reflect a 47% premium to the one-month volume-weighted average price and suggest a total consideration of $3.8 billion. Bearing this in mind, the five-star analyst maintained a Buy rating and $340 price target.
Persons: ADSK STX Johnson, Johnson, Lucas Jackson, nCino, Mayank, Tandon, Christopher Rolland's, Hock Tan, Rolland, telco, Hock, Chia, Johnson Johnson, Wells, Larry Biegelsen, doesn't, Biegelsen, JNJ, Matthew Hedberg, Hedberg Organizations: Reuters, Federal Reserve, Management, Broadcom, Susquehanna, Trident, Silicon Photonics, Supreme, Autodesk, RBC Capital, RBC, Seagate Locations: New York, Needham, FinTech, China, Ingham, Wells Fargo, TipRanks
Credit Suisse has hired HSBC's Truls Engebretsen as a senior credit trader. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Christopher Dawe , previously co-head of private investments at Goldman Sachs, will lead Private Capital's technology and consumer growth equity business. Meg McClellan will lead private debt.
Persons: Alice Milligan, Morgan Stanley, Andy Saperstein, Milligan, Audrey Choi, Choi, Chad Turner, Mike Curcio, HSBC's Truls, Christopher Bathon, Mike Malloy, Marshall Peters, HSBC's, Cowen, Jenny Killeen, Michael S, Raymond James, Ryan Kaeding, Kaeding, Piper Sandler, Katherine Fogertey, Fogertey, Goldman Sachs, Deborah Bussière, Christopher Dawe, Osei Van Horne, Van Horne, Brian Carlin, Rick Smith, Meg McClellan, Anton Pil, Ben Darsney, Justin Smolkin, Jeff Bunzel, Darsney, Smolkin, Michael Lattarulo, Meredith Mazzilli, Rebecca Ungarino, Carter Johnson, Reed Alexander, Alex Morrell Organizations: intel, Trade, Credit Suisse, HSBC, MSD, Broadridge Financial, JPMorgan, Wells Fargo, JPMorgan Private Capital, Goldman, Wells, Private, Deutsche Bank Locations: Americas
Despite recent increases in auto insurance rates, the market is still soft, according to Elyse Greenspan, a managing director at Wells Fargo. "The increase sequentially was very modest," Greenspan said in an interview. As the amount of driving consumers did fell, auto insurers refunded $14 billion in premiums last year, according to the Insurance Information Institute. However, the most recent consumer price index data showed the auto insurance index up 16.9% in May, following a 6.4% rise in April — the first increases since March 2020. Auto insurers are facing a number of challenges as the econonmy reopens.
Persons: Elyse Greenspan, Greenspan Organizations: Insurance, Auto, Workers Locations: Lexington , Miss, Wells Fargo
How ESG Stocks Perform Depends on Who Ranks Them
  + stars: | 2021-06-11 | by ( Shane Shifflett | ) www.wsj.com + 0.00   time to read: +6 min
Depending on the time period and the provider, top-ranked ESG stocks either beat the market or lag behind it. Low-ranked stocks, which are generally deemed to pollute more and treat their workers less well, can outperform top-ranked ESG stocks, and the market overall. ESG scores measure multiple factors including financial situations, the risks posed by climate change and a company’s effort to mitigate them. Photo Illustration: Alex KuzoianLast year’s performance of stocks ranked high and low on ESG criteria varied from this year’s. Tech stocks, which tend to have higher ESG scores, surged last year as economic activity shifted online.
Persons: , laggards, Refinitiv, , Sustainalytics, Hendrik Garz, Alex Kuzoian, Stocks, Elena Philipova, Guido Giese, MSCI, Wells Fargo, Monica Billio, Shane Shifflett Organizations: Securities and Exchange, Journal, Refinitiv, London Stock Exchange, MSCI Inc, Morningstar Inc, Companies, Dow Jones, Sustainalytics, Tech, MSCI Research, Forum, Sustainable, Responsible Investment, Wells Fargo & Co, Foscari University of Venice Locations: U.S, Sustainalytics, MSCI, Refinitiv, Italy
Several banks have thus far requested to learn about employees' COVID-19 vaccination status. Goldman Sachs, Wells Fargo, and Credit Suisse have surveyed workers about receiving the jab. Insider has reviewed memos from three banks — Goldman Sachs, Credit Suisse, and Wells Fargo — sent in recent days, inquiring about workers' vaccination status. Previously, Insider reported that Credit Suisse employees who had received the COVID-19 vaccine would voluntarily be able to return to the office beginning on June 14. Wells FargoWells Fargo alerted all US employees on June 10 that it will confidentially survey them in regards to their vaccination status.
Persons: Goldman Sachs, Wells, hasn't, — Goldman Sachs, Wells Fargo —, Reed Alexander, Goldman Sachs Goldman Sachs, Scott Powell, Powell, Wells Fargo, Aaron Weinman, Anna Cooban, Kate Duffy Organizations: Credit Suisse, Opportunity Commission, New York Times, Employees, Labor Locations: Wells Fargo, Wall, Wells Fargo Wells Fargo
Bankers, traders, and other employees are departing Credit Suisse in droves in recent months. The leadership shakeup also saw the departures of , head of equities sales and trading; , head of prime services risk; , head of credit risk; , head of counterparty credit risk management for IB; and , head of counterparty hedge fund risk. HSBC made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. HSBC also hired Credit Suisse VP Chris Staudt for its emerging-markets credit desk, Insider reported June 8.
Persons: Bill Hwang, Brian Chin, Laura Werner, John Dabbs, Ryan Nelson, Thomas Gottstein, Chin, Gottstein, there's, shakeup, Paul Galietto, Parshu Shah, Ryan Atkinson, Ilana Ash, Manish Mehta, Marla Moskowitz, Hesse, Wells, Wells Fargo, Jose Olympio Pereira, Falguni Desai, efinancialcareers, Michael Lattarulo, Christopher Bathon, Christopher Schuville, Mike Malloy, Marshall Peters, Bathon, Malloy, Peters, Chris Staudt, Houlihan Lokey, Sameer Shamsi, Shamsi, Christoph Schumacher Organizations: Credit Suisse, Jefferies, JPMorgan, Citigroup, Bank of America . Credit Suisse, UBS, York Capital, Greensill, Bloomberg, Archegos Capital Management, Credit, Bank of America, Barclays, Suisse, IB, Wells Fargo, Wells, Credit Suisse Brazil, Microsoft, Investment, Wall Street, Deutsche Bank, HSBC, Credit Suisse Asset Management, Manulife Investment Management, Private Locations: Swiss, Americas
Darnella Frazier (3rd R) uses her mobile phone to record the arrest of George Floyd, in a still image taken from Minneapolis Police body camera video in Minneapolis, Minnesota, U.S. May 25, 2020. The Pulitzer Board awarded Darnella Frazier a special citation for a video she said has haunted her ever since, showing Floyd's death beneath the knee of Derek Chauvin, a white Minneapolis policeman. Chauvin was convicted of murdering Floyd in a trial during which Frazier's video was played repeatedly. Frazier could not be reached for comment on Friday, and a lawyer who represented her during the Chauvin trial did not respond to an email seeking comment. The Pulitzer Board called Frazier an example of "the crucial role of citizens in journalists' quest for truth and justice."
Persons: Darnella Frazier, George Floyd, Derek Chauvin, Chauvin, Floyd, Frazier, Mindy Marques, George Holliday, Rodney King, Ramsey Orta, Eric Garner, Michael Deas, Ida B, Wells, Spike Lee, I'm Organizations: Minneapolis Police, Minneapolis Police Department, Handout, REUTERS, Pulitzer, Facebook, Angeles, Northwestern University's Medill School of Journalism, PEN America, Thomson Locations: Minneapolis, Minneapolis , Minnesota, U.S, New York City
The Fed's two-day meeting is the big event for markets in the week ahead. The program was initiated during the pandemic to provide liquidity to the markets and keep interest rates low. Wells Fargo's Schumacher said he is closely watching that inflation forecast, particularly for 2023. Markowska of Jefferies doubts the Fed rate forecast will shift. But the financial sector lost 2.4% as interest rates fell, and it was the worst performing sector this week.
Persons: Jerome Powell, Kevin Lamarque, Scott Redler, Powell, Mike Schumacher, Aneta Markowska, Economists, Wells Fargo's Schumacher, Schumacher, Markowska, Jefferies, Stocks, Russell, REITs, Financials, Joe Biden's, Vladimir Putin Organizations: Federal, Federal Reserve, Reuters Stocks, Jefferies, Fed, Market, Dow, Nasdaq, Tech, GameStop, Treasury, NATO, Wednesday Locations: Washington, Wells Fargo, Treasurys, Europe, Geneva
Factbox: Bank of America's next CEO? List of possible candidates
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com + 0.94   time to read: +1 min
(Reuters) - Bank of America Corp Chief Executive Brian Moynihan has been at the helm for more than a decade, having guided the bank out of a financial crisis and transformed it into a nimbler operation. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. Last year, Bank of America promoted eight next-generation executives to senior management. Any of the 23 people on that team could, in theory, be the next CEO, though recruiters and insiders pointed to a handful as more likely than others. Others who were front-runners in past management shuffles are now likely too old to become CEO when Moynihan retires, the recruiters and insiders said.
Persons: Brian Moynihan, Carlo Allegri, Moynihan, Dean Athanasia, Andy Seig, Merrill Lynch, Cathy Bessant, Steve Boland, Raul Anaya, Alastair Borthwick, Jim DeMare, Mike Lyons, Mark Chancy Organizations: Reuters, Bank of America Corp, of America, REUTERS, Bank of America, Merrill Lynch Wealth Management, PNC Financial Services, SunTrust Banks Inc, Wells Fargo & Co Locations: Manhattan, New York City , New York, U.S, Wells
FACTBOX-Bank of America's next CEO? List of possible candidates
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
Last year, Bank of America promoted eight next-generation executives to senior management. Any of the 23 people on that team could, in theory, be the next CEO, though recruiters and insiders pointed to a handful as more likely than others. Alastair Borthwick, president of global commercial banking and head of wholesale credit. Mark Chancy, formerly of SunTrust Banks Inc and now a Wells Fargo & Co director. Others who were front-runners in past management shuffles are now likely too old to become CEO when Moynihan retires, the recruiters and insiders said.
Persons: Brian Moynihan, Moynihan, Dean Athanasia, Andy Seig, Merrill Lynch, Cathy Bessant, Steve Boland, Raul Anaya, Alastair Borthwick, Jim DeMare, Mike Lyons, Mark Chancy Organizations: Bank of America Corp, Bank of America, Merrill Lynch Wealth Management, PNC Financial Services, SunTrust Banks Inc, Wells Fargo & Co Locations: Wells
Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. That would be the biggest year-on-year increase since September 2008 and follow a 4.2% rise in April. Though layoffs are abating, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, CPI, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. weekly jobless claims fall; consumer prices rise more than expected
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +4 min
Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week, the Labor Department said on Thursday. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, Reuters, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. labor market recovery gaining steam; inflation heating up
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
Surging prices for used cars and trucks accounted about one-third of the rise in consumer inflation reported by the Labor Department on Thursday. The recovering labor market and accelerating inflation will have no impact on monetary policy. "As the cycle matures, these inflation pressures will subside owing to the structural forces that have kept inflation low for long." Excluding the volatile food and energy components, the CPI increased 0.7% after soaring 0.9% in April. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Anu Gaggar, Sam Bullard Organizations: REUTERS, Labor Department, Commonwealth Financial Network, Reuters, Treasury, CPI, Fed, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
Wells Fargo likes stocks better than bonds, especially in the U.S.
  + stars: | 2021-06-10 | by ( ) www.cnbc.com + 0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo likes stocks better than bonds, especially in the U.S. The Fed will start to talk about pulling back some purchases later in the year, but the market will take it as a positive sign as the economy grows, says Paul Christopher of Wells Fargo Investment.
Persons: Wells, Paul Christopher Organizations: U.S, Fargo Investment Locations: Fargo
Why hog farmers are struggling despite skyrocketing pork prices
  + stars: | 2021-06-10 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy hog farmers are struggling despite skyrocketing pork pricesPork prices are soaring but hog farmers aren't happy. They're being hit by higher feed costs, supply chain challenges and a recent court ruling. CNBC's Jane Wells reports at the World Pork Expo.
Persons: CNBC's Jane Wells
Where to invest when inflation surges
  + stars: | 2021-06-10 | by ( ) www.cnbc.com sentiment -0.97   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere to invest when inflation surgesMark Smith, Wells Fargo Advisors, and John Augustine, discuss the inflation disconnect that seems to be taking place in the markets today and where investors can put their money.
Persons: Mark Smith, John Augustine Organizations: Wells, Wells Fargo Advisors Locations: Wells Fargo
Even though CPI's up, people are still spending money, says WFC's Smith
  + stars: | 2021-06-10 | by ( ) www.cnbc.com sentiment -0.97   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven though CPI's up, people are still spending money, says WFC's SmithMark Smith, Wells Fargo Advisors, and John Augustine, discuss the inflation disconnect that seems to be taking place in the markets today.
Persons: WFC's Smith Mark Smith, John Augustine Organizations: Wells, Wells Fargo Advisors Locations: Wells Fargo
The memo noted that the bank will survey all US employees in regards to their vaccination status. Wells Fargo has alerted all US employees that it will confidentially survey them in regards to their vaccination status. "To better inform our planning for returning to the workplace, we are asking U.S. employees to voluntarily take a brief survey regarding COVID-19 vaccination status and plans. Goldman Sachs also requested employees to inform the bank as to their COVID-19 vaccination status by 12 p.m. Are you an employee of a financial-services firm who has received guidance from your employer about return-to-office plans, or to supply information regarding your COVID-19 vaccination status?
Persons: Wells, Wells Fargo, Scott Powell, Powell, Charlie Scharf, Goldman Sachs, confidentially, Reed Alexander Organizations: Employees, Wells, Wells Fargo, Labor, New York Times, US
Company produces a million pounds of Tilapia in hog country
  + stars: | 2021-06-10 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompany produces a million pounds of Tilapia in hog countryCNBC’s Jane Wells joins ‘The News with Shepard Smith’ to discuss one company that's raising Tilapia fish in Iowa hog country.
Persons: Jane Wells, Shepard Smith Organizations: Company, Locations: Iowa
It soared 24.2% in premarket action, while Wendy's – up nearly 26% in yesterday's trading – added another 4.3% this morning. Campbell Soup (CPB) – The food producer reported quarterly earnings of 57 cents per share, missing consensus by 9 cents a share. Lordstown Motors (RIDE) – Lordstown Motors said there was "substantial doubt" about its ability to continue as a going concern. Target (TGT) – The retailer increased its quarterly dividend to 90 cents per share from 68 cents a share, a jump of 32%. Casey's General Stores (CASY) – Casey's reported quarterly earnings of $1.12 per share, beating the consensus estimate of 88 cents a share.
Persons: Clover, , Wendy's, Campbell Soup, Campbell, Lordstown, – Fastly, Sherwin, Williams, – Sherwin, – Casey's, Abercrombie &, Abercrombie, – Ferrari, Benedetto Vigna, Louis Camilleri, Vigna – Organizations: Clover Health, Revenue, Lordstown Motors, Securities and Exchange Commission, Target, Merck, Casey's, Fox Corp, – Fox, Wells Fargo Securities, Abercrombie, Abercrombie & Fitch, Jefferies, GameStop, Ferrari Locations: premarket, Wells Fargo
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