Top 5 hottest events of this week #Banks First Republi | AvaTrade Official
Top 5 hottest events of this week
#Banks First Republic Bank’s stock plunged 49% on 25 April following the release of a negative Q1 2023 report and lost another 29% the next day. The bank's deposits decreased by more than 40% to 104 billion USD in this quarter.
#GOOGL On the same day, Alphabet reported a 3% increase in quarterly revenue and an 8% drop in net profit. It also announced a 70 billion USD stock buyback. The quotes reacted with a slight drop.
#UPS The world’s largest express delivery company, United Parcel Service, saw a nearly 29% decrease in quarterly revenue, and its full-year revenue forecast was reduced from 99 billion USD to 97 billion USD. UPS stock lost 12% from 25 to 26 April.
#MSFT Microsoft shares gained 7% on 26 April following the release of its January-March results. Revenue increased by 7%, and net profit was up 9%, with both indicators exceeding the consensus forecast. Moreover, the UK Competition and Markets Authority (CMA) has blocked a deal between Microsoft and Activision Blizzard that was valued at nearly 69 billion USD.
#SSUN Samsung Electronics, one of the world’s largest smartphone and semiconductor product manufacturers, reported an 86% decline in quarterly net profit and an 18% drop in revenue on 27 April.
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