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Company News for Jan 16, 2023

Zacks Equity Research
·1-min read

  • Shares of Virgin Galactic Holdings, Inc. SPCE shot up 12.3% after the company said that it was on track for a commercial launch in the second quarter of 2023.

  • Shares of JPMorgan Chase & Co. JPM rose 2.5% after reporting fourth-quarter fiscal 2022 earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.11 per share.

  • Tesla, Inc.’s TSLA shares fell 1% after it cut prices of its vehicles in the United States and Europe.

  • Shares of Bank of America Corporation BAC rose 2.2% after reporting fourth-quarter fiscal 2022 earnings of $0.85 per share, surpassing the Zacks Consensus Estimate of $0.76 per share.

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