NextEra Energy Maintains FY20 Adj. EPS Outlook – Quick Facts

Russia c.bank revises neutral key rate range to 5-6% from 6-7%

MOSCOW, July 24 (Reuters) – The Russian central bank has decided to lower its neutral key rate range to 5%-6% from the previous 6%-7%, Governor Elvira Nabiullina told a press conference on Friday.

The decision was made after the central bank cut its key rate by another 25 basis points to an all-time low of 4.5%. Nabiullina told the press conference that the central bank would consider more rate cuts this year. (Reporting by Andrey Ostroukh and Gabrielle Tétrault-Farber; Writing by Katya Golubkova; Editing by Hugh Lawson)

Russia c.bank chief gives online press conference after rate decision

MOSCOW, July 24 (Reuters) – For quotes from the news conference of Russian central bank chief Elvira Nabiullina, click on

For story, click on (Moscow Bureau)

Russia c.bank chief gives online press conference after rate decision

MOSCOW, July 24 (Reuters) – For quotes from the news conference of Russian central bank chief Elvira Nabiullina, click on

For story, click on (Moscow Bureau)

British PM Boris Johnson marks one year in office

Now there is a real danger of a no-deal Brexit likely to cause chaos and a major expense for businesses.

It has been one year since Boris Johnson became British Prime Minister.

He took office on the promise to deliver Brexit, but he found himself battling the COVID-19 pandemic from within Parliament and intensive care.

Al Jazeera’s John Joe Regan looks back at what has been a tumultuous 12 months.

Goldman Sachs reaches $3.9B settlement in 1MDB money-laundering case

Goldman Sachs could face billions in fines, settlements: Report

FOX Business’ Charlie Gasparino explains how Goldman Sachs could face billions more in fines and settlements with countries such as Singapore and Malaysia.

Goldman Sachs has reached a $3.9B settlement with Malaysia over the 1MDB sovereign wealth fund that was used to launder money.

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Malaysian and U.S. prosecutors had alleged that bond sales organized by Goldman Sachs for 1MDB provided one of the means for associates of former Malaysian leader Najib Razak to steal billions over several years from a fund that was ostensibly set up to accelerate Malaysia’s economic development.

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Najib was arrested as part of the scandal. Two former Goldman Sachs bankers have been charged in connection with helping 1MDB launder money.

TickerSecurityLastChangeChange %
GSGOLDMAN SACHS GROUP INC.203.02-2.98-1.45%

Goldman on Friday said it had agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have since been seized around the globe.

Russia c.bank chief gives online press conference after rate decision

MOSCOW, July 24 (Reuters) – For quotes from the news conference of Russian central bank chief Elvira Nabiullina, click on

For story, click on (Moscow Bureau)

United Bankshares Q2 Profit Tops Estimates – Quick Facts

United Bankshares, Inc. (UBSI) reported second quarter earnings per share of $0.44 compared to $0.66, last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.43, for the quarter. Analysts’ estimates typically exclude special items.

Second quarter tax-equivalent net interest income was $171.6 million, an increase of 13% year-on-year due mainly to an increase in average earning assets from the Carolina Financial acquisition. Noninterest income was $88.4 million, an increase of 122% from previous year. Analysts expected revenue of $220.5 million for the quarter.

American Express profit plunges 85% as coronavirus zaps consumer spending

Coronavirus pushes JPMorgan credit card spending down 40%

JPMorgan credit card users’ spending is down significantly. FOX Business’ Lauren Simonetti with more.

American Express profit plummeted 85 percent in the three months through June as customers slashed spending while holed up in their homes during COVID-19 lockdowns.

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The New York-based financial services company earned $257 million, or 29 cents per share, as revenue fell 29 percent to $7.68 billion. Wall Street analysts surveyed by Refinitiv were expecting a loss of 11 cents per share on revenue of $8.15 billion.

“While our second quarter results reflect the challenges of the current environment, we remain confident that our strategy for navigating this period of uncertainty is the right one,” American Express CEO Stephen Squeri said in a statement. “Spending volumes, which declined to their lowest point this quarter in April, gradually improved in May and June, with small businesses being the most resilient.”

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This story is developing. Check back for updates.

NextEra Energy Maintains FY20 Adj. EPS Outlook – Quick Facts

While reporting financial results for the second quarter on Friday, clean energy company NextEra Energy, Inc. (NEE) maintained its adjusted earnings guidance for the full year 2020.

For fiscal 2020, the company continues to expect adjusted earnings in the range of $8.70 to $9.20 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.09 per share for the year. Analysts’ estimates typically exclude special items.

Looking ahead, NextEra Energy also continues to expect its adjusted earnings per share compound annual growth rate to be in a range of 6 to 8 percent through 2021, off the 2018 adjusted earnings per share of $7.70, plus accretion of $0.15 and $0.20 in 2020 and 2021, respectively, from the Florida acquisitions.

For 2022, NextEra Energy expects to grow 6 to 8 percent , off 2021 adjusted earnings per share, translating to a range of $10.00 to $10.75 per share.

From 2018 to 2022, NextEra Energy continues to expect that operating cash flow will grow roughly in line with its adjusted earnings per share compound annual growth rate range.