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US Stock Goes Strong Yesterday, Singapore Stock Will Follow Today
#1
BOA growth will stimulate other major banks in USA and Hasbro is the 2nd largest toy manufacturer ready to enter the Christmas season with new toys produced. This will greatly encourage the world market and Singapore market to perform.

Bank of America manages profit growth

Bank of America's stock held roughly flat after the financial titan posted surprisingly strong earnings numbers. Revenue rose 3% to $21.6 billion and earnings jumped 8% to $0.41 per share. Consensus estimates, in contrast, were targeting $21 billion of revenue and profit of $0.33 per share, so it was a solid beat on both counts. "Strong client activity and good expense discipline combined to drive positive operating leverage as we continue to optimize and strengthen our balance sheet," Chief Financial Officer Paul Donofrio said in a press release.

Steady growth in B of A's loan portfolio helped push revenue higher this quarter, as did a spike in client activity in the global markets division. In fact, a 32% surge in fixed income sales produced a double-digit increase in revenue from that segment. Investors can also be pleased in the fact that tangible book value rose by 11%.

On the other hand, Bank of America's average return on assets weighed in at 0.9%, below the company's 1% target, thanks to the combination of a low interest rate environment and increased regulatory costs that's holding earnings down.

It's good news for shareholders that the bank can produce strong profit growth in that environment, and it points to significantly higher earnings if and when the Federal Reserve takes additional steps toward boosting interest rates.

Hasbro prepares for the holidays

Hasbro spiked 7% after announcing banner quarterly earnings results. Sales soared 14% to $1.7 billion and net earnings jumped 24% to $258 million, or $2.03 per share. Both the sales and profit figures were all-time records for the toys and games specialist. "The Hasbro team delivered a tremendous third quarter," CEO Brian Goldner said in a conference call with investors.

The biggest contributor to Hasbro's success this quarter was its extremely profitable partnership with Disney (NYSEBig GrinIS). In fact, toys tied to the Disney Princess and Disney Frozen lines pushed the girls category higher by 57%. The boys and games categories both contributed gains as well, but with growth of just 2% and 13%, respectively. Hasbro's core franchises, which include company-owned assets like Nerf, Transformers, and Play-Doh, ticked up by 2%.
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#2
Thanks for the post,.....!!!
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#3
Good to know it....
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#4
Thanks for sharing.....
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