Hot Stock Movers: U.S. Bancorp, Fastenal, PNC, Amphenol
All three U.S. financial indices have reached a higher point this afternoon and are with a couple percentage points of their 3 year highs. Here are stocks driving the chatter on Wall Street today and why they are moving the markets:
Shares of Amphenol Corporation (NYSE:APH) are trading 10.25% higher today, as Q4 EPS of $0.73 beats by $0.03 and revenue of $949M (-0.1% Y/Y) beats by $16.7M.
The Bank of New York Mellon Corporation (NYSE:BK) shares are trading 3.48% lower today, as Q4 EPS of $0.42 misses by $0.10, and revenue of $3.57B (-5.6% Year/Year) misses by $180M. The Bank of New York Mellon Corp Earnings: Streak of Four Straight Profit Rises Snapped>>
Shares of PNC Financial Services (NYSE:PNC) are trading 3.95% lower today, as Q4 EPS of $1.39 misses by $0.02, and revenue of $3.55B (-9.1% Year/Year) beats by $10M.
U.S. Bancorp (NYSE:USB) shares are trading 0.83% lower today, as total loans +5.9% Y/Y, deposits +17.3% Y/Y, excluding acquisitions, +11.7%. Also, net interest income +7% Y/Y with interest margins falling to 3.6% from 3.83% in Q4 2010. Additionally, net charge-offs -7% from Q3. USB vs. the banks of Dimon, Moynihan, and Pandit.
Fastenal Company (NASDAQ:FAST) says it could do “high teens” top line sales growth for 2012 “if not better. Shares are trading 1.97% lower today after reporting revenue $697.8M vs. consensus of $694.29M.
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