Walgreens Soars After Earnings, Store-Closing Plans

54 minutes ago

Walgreens Boots Alliance (WBA) said Tuesday that it is shutting around 1,200 stores over the next three years, as the drugstore chain moves to turn around its troubled U.S. business.

Walgreens also reported fourth-quarter revenue and adjusted profit that beat Wall Street estimates.

Shares of the company were up more than 15% in recent trading, leading S&P 500 gainers. Despite the gain, the stock has lost about 60% of its value since the start of the year.

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–Nisha Gopalan

Banking Stocks on The Rise After Strong Earnings

2 hr 50 min ago

Shares of Bank of America (BAC), Citigroup (C)  and Goldman Sachs (GS) gained ground in premarket trading Tuesday after the financial services giants each reported better-than-expected third-quarter results.

The latest reports continue a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC).

Bank of Amercia, Citi and Goldman were each up more than 2% ahead of the opening bell, while JPMorgan and Wells Fargo were both up slightly.

Major Index Stock Futures Little Changed

3 hr 40 min ago

Futures tied to the Dow Jones Industrial Average were up less than 0.1%.

S&P 500 futures were down less than 0.1%.

Nasdaq 100 futures were also down by less than 0.1%.

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