Bank of America Climbs, Netflix Rises, Boeing Falls as China Halts Jet Orders
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Show Notes
On this episode of Stock Movers:
- Bank of America (BAC) shares climb after its stock traders posted a record quarter due to volatile markets. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings.
- Netflix (NFLX) shares rise after the Wall Street Journal reported that the streaming-video giant aims to double its revenue and reach a $1 trillion market capitalization by 2030.
- Boeing (BA) shares fall after Bloomberg reported that China had ordered its airlines not to take any further deliveries of the planemaker’s jets. It's part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.
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