JP Morgan Downgrades Eastern Bankshares to Underweight, Lowers Price Target to $15
JP Morgan analyst Janet Lee downgrades Eastern Bankshares (NASDAQ:EBC) from Neutral to Underweight and lowers the price target from $19.5 to $15.
Dow Gains Over 100 Points; Eastern Bankshares Shares Drop After Q4 Results
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 1% on Friday.
The Dow traded up 0.41% to 34,088.68 while the NASDAQ rose 1.27% to 11,659.16. The S&P 500 also rose, gaining, 0.57% to 4,083.57.
Why Applied UV Shares Are Trading Higher By 46%? Here Are Other Stocks Moving In Friday’s Mid-Day Session
Gainers
FOXO Technologies Inc. (NYSE: FOXO) shares jumped 109% to $1.07.
Akanda Corp. (NASDAQ: AKAN) rose 59% to $0.4459 after jumping 47% on Thursday.
Nasdaq Jumps 100 Points; Crude Oil Down 1%
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Friday.
The Dow traded up 0.29% to 34,047.95 while the NASDAQ rose 0.88% to 11,613.37. The S&P 500 also rose, gaining, 0.41% to 4,077.05.
Intel, Hasbro, Colgate-Palmolive And Other Big Stocks Moving Lower On Friday
U.S. stocks traded higher, with the Dow Jones gaining over 50 points on Friday. Here are some big stocks recording losses in today’s session.
Eastern Bankshares Q4 EPS $0.31 Misses $0.34 Estimate, Sales $194.51M Beat $170.72M Estimate
Eastern Bankshares (NASDAQ:EBC) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.34 by 8.82 percent. This is a 19.23 percent increase over earnings of $0.26 per share from
Earnings Scheduled For January 26, 2023
Companies Reporting Before The Bell
• Nokia (NYSE:NOK) is estimated to report quarterly earnings at $0.14 per share on revenue of $7.20 billion.
