9 Early Movers: Carnival Sinks 14%, Citigroup Misses the Mark and Morgan Stanley Caps Bonuses
Carnival Corp. (NYSE:CCL) shares are down more than 14 percent in early trading. The company is facing intense pressure after its Costa Concordia cruise ship ran aground off the coast of Italy last week. At least six people are dead, while 29 are still missing.
Shares of Wells Fargo & Co. (NYSE:WFC) are gaining 1.11 percent early Tuesday. The bank posted a 20 percent jump in fourth quarter profits. Net income increased to $4.11 billion (73 cents per share), compared to $3.41 billion (61 cents per share) last year. Shares of JP Morgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) are heading lower this morning. Investing Insights: Wells Fargo & Co. Earnings: Profit Rises by Double-Figures for Fifth Consecutive Quarter.
Citigroup Inc. (NYSE:C) shares are down 5 percent after missing fourth quarter estimates. Net income fell to $1.17 billion (38 cents per share), compared to $1.31 billion (43 cents per share) last year. Investing Insights: Citigroup Inc. Earnings: Falls Below Expectations as Net Income Declines.
Morgan Stanley (NYSE:MS) shares are heading lower Tuesday morning. The bank announced it is capping immediate cash bonuses at $125,000 as the company defers more pay for senior executives.
Hasbro Inc. (NYSE:HAS) shares are trading 1.6 percent higher. The toy maker reported a preliminary fourth quarter sales number of $1.33 billion. The number was below the consensus, but the company expects to see EPS up 2 to 4 percent.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) fell 1 percent after reporting a profit miss. The company earned $152 million (27 cents per share) in the fourth quarter, compared to $145 million (25 cents per share) last year. Shares of Charles Schwab Corp. (NYSE:SCHW) are gaining .50 percent.
Investor Insights: Global Factors Boost Gold and Silver Demand.
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