BofA's profit boosted by surge in trading, investment banking Bank of America (BAC.N) reported a higher-than-expected jump in quarterly profit as bond trading surged and the lender earned more from advising on debt and equity offerings and deals. Wall Street banks have been vitalized by increased market activity prompted by […]
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J&J revenue misses on lower-than-expected pharmaceutical sales Johnson & Johnson, which is in the process of completing its $30 billion acquisition of Swiss biotech Actelion, reported on Tuesday quarterly revenue that missed analysts' estimates, hurt by lower demand for its pharmaceutical products. The diversified healthcare company's sales rose to $17.77 […]
Insurer UnitedHealth posts strong results, boosts forecast UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, reported better-than-expected quarterly results, driven by strength across its businesses, and raised its profit and revenue forecast for the year. The company's shares were up 2.2 percent in premarket trading on Tuesday. UnitedHealth, which […]
