Stocks Jump on Signs Economy Is Getting Stronger
Written by: Andrea Tse
Tickers in this article:
BA BAC BLK C CBS EBAY FITB HBAN HPQ INTC KSWS UNH ^DJI ^GSPC ^IXIC
Fifth Third Bancorp(FITB) of Cincinnati on Thursday announced another quarter of very strong mortgage revenue growth and solid increases in commercial and industrial loan balances. Shares added 4.8%.
EBay(EBAY) posted fourth-quarter adjusted earnings of 70 cents a share, a penny above analysts' forecasts, and 17% higher than adjusted earnings a year earlier. Shares jumped 2.4%.
K Swiss(KSWS) shares surged 47.7% after the casual athletic footwear company agreed to be bought by South Korean retailer E.Land World for $4.75 a share, or roughly $170 million in cash.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse.