Banco Santander (SAN) -4.8%, Banco Bilbao Vizcaya Argentaria (BBVA) -4% and other Spanish bank stocks are falling in Tuesday morning trading after the country imposed new taxes on…
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Spanish banks fell sharply on Tuesday after the Spanish government reportedly announced a temporary tax on financial institutions and power companies to help individuals cope with high inflation and power bills. Shares of Bano de Sabadell and CaixaBank each fell over 8%, while BBVA and Banco Santander lost more than 5% each. In his state of the nation address to parliament, Prime Minister Pedro Sanchez said the government would raise 7 billion euros ($7.02 billion) for 2023-2024 by tax on extraordinary profits for the two sectors for the next two years, Reuters reported. He said €2 billion each year would be raised from power companies and €1.5 billion each year from banks. Spain has one of the highest inflation rates in the eurozone bloc, as Russia''s war in Ukraine has driven up costs of commodities around the world, but especially in Europe. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Kaspien Holdings (KSPN) -16%.United Maritime (USEA) -7%.The Gap GPS -6% after CEO unexpectedly steps down; downgraded at Wells Fargo after CEO exit.Banco Bilbao Vizcaya Argentaria…
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Life Insurance Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 07/08/2022 -- Life Insurance Market - Global Trends, Insights to 2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Life Insurance Market. Some of the key players profiled in the study are ACE Insurance, Achmea, AEGON, AIA Group, AlfaStrakhovanie, Allianz, Anadolu Hayat Emeklilik, Assicurazioni Generali, Assurant, Aviva, AXA, Banamex, Banco Bilbao Vizcaya Argentaria, Banco Bradesco, BNP Paribas Cardif, China Life Insurance Company, China Pacific Insurance, CNP Assurances, Credit Agricole, DZ Bank, Garanti Emeklilik ve Hayat, Great Eastern Holdings, Grupo Nacional Provincial, Hanwha Life Insurance Company, HDFC Standard Life Insurance Company & ICICI Prudential Life Insurance Company.
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On Wednesday, 193 stocks hit new 52-week lows. Significant Points From Today''s 52-Week Lows: The largest company by market cap to set a new 52-week low was Shell (NYSE: SHEL ) . Grom Social Enterprises (NASDAQ: GROM ) was the smallest firm on a market cap basis to set a new 52-week low. Kornit Digital (NASDAQ: KRNT ) ''s stock traded down the lowest, falling 30.17% to reach a new 52-week low. Sierra Metals (AMEX: SMTS ) shares rebounded the highest, with shares trading up 0.01%, bouncing back after reaching its new 52-week low. The following stocks achieved new 52-week lows on Wednesday: Caterpillar (NYSE: CAT ) shares moved down 2.08% on Wednesday to hit a new 52-week low of $169.72, drifting down 2.08%. Banco Santander (NYSE: SAN ) stock hit a new 52-week low of $2.56. The stock was down 4.63% on the session. Freeport-McMoRan (NYSE: FCX ) shares moved down 2.71% on Wednesday to hit a new 52-week low of $26.21, drifting down 2.71%. Eni (NYSE: E ) shares set a new 52-week low of $21.61.
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Personal Insurance Market 2022 New Jersey, NJ -- ( SBWIRE ) -- 05/26/2022 -- Personal Insurance Market, Global Outlook and Forecast 2022-2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Personal Insurance Market. Some of the key players profiled in the study are ACE Insurance, Achmea, AEGON, AIA Group, AlfaStrakhovanie, Allianz, Anadolu Hayat Emeklilik, Assicurazioni Generali, Assurant, Banamex, Banco Bilbao Vizcaya Argentaria, Banco Bradesco, BNP Paribas Cardif, China Life Insurance Company, China Pacific Insurance, CNP Assurances, Credit Agricole, DZ Bank, Garanti Emeklilik ve Hayat, Great Eastern Holdings, Grupo Nacional Provincial, Hanwha Life Insurance Company, HDFC Standard Life Insurance Company & ICICI Prudential Life Insurance Company.
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Companies Reporting Before The Bell • Chicago Atlantic Real (NASDAQ: REFI ) is projected to report earnings for its first quarter. • Archer Aviation (NYSE: ACHR ) is likely to report earnings for its first quarter. • X4 Pharmaceuticals (NASDAQ: XFOR ) is projected to report quarterly loss at $0.61 per share on revenue of $120.00 thousand. • First Industrial Realty (NYSE: FR ) is projected to report earnings for its first quarter. • Berkshire Grey (NASDAQ: BGRY ) is estimated to report quarterly loss at $0.13 per share on revenue of $4.23 million. • Matinas BioPharma Hldgs (AMEX: MTNB ) is likely to report earnings for its first quarter. • KT (NYSE: KT ) is likely to report earnings for its first quarter. • Crescent Point Energy (NYSE: CPG ) is projected to report quarterly earnings at $0.25 per share on revenue of $693.53 million. • ironSource (NYSE: IS ) is estimated to report quarterly earnings at $0.03 per share on revenue of $183.58 million. • Aemetis (NASDAQ: AMTX ) is expected to report earnings for its first quarter.
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Canada''s main stock index fell on Friday, as the technology sector echoed a downbeat mood on Wall Street following Amazon''s disappointing forecast. Even so, the index was on track for nine straight months of gains. The S&P/TSX Composite had ditched 83.57 points to pause for noon hour at 21,037.49 The Canadian dollar tumbled 0.3 cents to 78.06 cents U.S. Financials suffered, dragged down by a fall of $1.84, or 13.3%, in shares of NFI Group to $12.03, following a downbeat 2022 forecast. On the earnings front, Imperial Oil rose 12 cents to $64.24, after reporting a first-quarter profit that nearly tripled, while pipeline operator TC Energy fell $2.23, or 3.1%, to $69.44, despite turning a quarterly profit. Magna International fell 24 cents, to $79.68, after the auto parts maker lowered its annual profit forecast on Friday as strict COVID-19 lockdowns in China, rising inflation and raw material costs are set to pressure vehicle sales. On the economic front, StatsCan said the domestic economy most likely grew by 5.6% on an annualized basis in the first quarter, as growth in February beat expectations and real gross domestic product was seen increasing again in March.
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Companies Reporting Before The Bell • Weyerhaeuser (NYSE: WY ) is projected to report quarterly earnings at $1.19 per share on revenue of $2.93 billion. • Magna International (NYSE: MGA ) is estimated to report quarterly earnings at $1.59 per share on revenue of $9.31 billion. • MISTRAS Group (NYSE: MG ) is estimated to report earnings for its first quarter. • TC Energy (NYSE: TRP ) is projected to report quarterly earnings at $1.11 per share on revenue of $3.60 billion. • Professional Holding (NASDAQ: PFHD ) is expected to report quarterly earnings at $0.34 per share on revenue of $19.54 million. • nVent Electric (NYSE: NVT ) is projected to report quarterly earnings at $0.44 per share on revenue of $625.66 million. • Chart Industries (NYSE: GTLS ) is estimated to report quarterly earnings at $0.55 per share on revenue of $354.90 million. • TAL Education (NYSE: TAL ) is estimated to report quarterly loss at $0.12 per share on revenue of $1.33 billion. • W.P. Carey (NYSE: WPC ) is projected to report quarterly earnings at $0.
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