The Dow Jones Industrial Average (NYSE:DIA) is up today 0.85% and stands at 11,909. The large stocks below are among the positive performers today.
Caterpillar (NYSE:CAT): Incredibly positive Q3 report. Profits are up 44%, and sales have hit a new record. Q3 EPS of $1.171 beat estimates of $1.64. CEO Doug Oberhelman: “Although there is a good deal of economic and political uncertainty…we are not seeing it much.” Caterpillar is up 5.22%.
Bank of America (NYSE:BAC): Bank of America (NYSE:BAC) is up on ever-increasing optimism about Europe. But that story has many twists and turns in it. Bank of America (NYSE:BAC) may also find that the heat from populist outrage about its $5 debit card fees might actually hurt their bottom line at some point. Change.org wrote the following to CEO Brian Moynihan: “When the recession first hit, we gave Bank of America (NYSE:BAC) billions of dollars in bailout money. Our reward is higher fees for the same services. At some point, we’ve got to say enough is enough.” Bank of America (NYSE:BAC) is up 3.33%.
JP Morgan and Chase (NYSE:JPM): JP Morgan (NYSE:JPM) rises on European sentiment. It’s important to note that JP Morgan and other large U.S. banks continue to experience losses from mortgages that have gone bad. JP Morgan (NYSE:JPM) is up 3.47%.
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