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Company News For Aug 16, 2019

Zacks Equity Research
  • Shares of Alibaba Group Holding Limited BABA gained 3% after the e-commerce company’s fiscal first-quarter earnings beat analyst estimates.
  • Shares of J. C. Penney Company, Inc. JCP climbed 2.2% after the company posted a lesser-than-expected quarterly loss of $0.18 per share.
  • Shares of the General Electric Company GE shed 11.3% after Madoff whistleblower Harry Markopolos stated that the company had accounting problems worth $38 billion.
  • Shares of Bank of America Corporation BAC lost 0.6% after long term U.S. bond yields fell below 2%.

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