Boston, MA 05/30/2014 (wallstreetpr) – U.S. Bancorp (NYSE:USB) has put on hold staff hiring as the bank gauges the health of the financial trading and mortgage banking activities, which are two of its main profit earners. The company said that it does not want to over hire only to realize later that things are falling apart.
The company’s cautious move can be linked to the 1Q performance that saw nearly 41 percent decline in mortgage banking revenue. However, the bank still met estimates. It earned 73 cents per share, just as analysts predicted on the consensus estimate. Revenue for the quarter was $4.81 billion, in-line with the consensus estimate.
Although the health of mortgage banking and financial trading is raising concerns, Wall Street believes that banks are out of danger and U.S. Bancorp (NYSE:USB) is identified as one of the best banks that people should be discussing.
NVIDIA Corporation (NASDAQ:NVDA) is hurting from the impact of troubles in the PC segment. However, the CEO Jen-Hsun Haung recently said the company is working towards lessening dependence on PCs. Instead, the company is focusing on attracting more opportunities in the mobile, automotive and server segments.
The company earned 29 cents per share in the most recent quarter, beating the consensus estimate of 17 cents for the quarter. Both revenue and earnings were up on a year-over-year basis.
Walgreen Company (NYSE:WAG) looks poised for long-term positive performance given the shift in consumer preference. In the U.S., for instance, consumers are becoming attracted to generic drugs than branded ones. Furthermore, the widespread patent expiration in the industry means a bigger number of generic drugs. For drugstores such as Walgreen, generic drugs support higher margins.
In order to make the most out of a robust generic drug environment, Walgreen Company (NYSE:WAG) has entered agreements with wholesalers. Collaboration with wholesalers allows the company to obtain a rich supply of generic drugs at favorable prices that in turn support higher profit margins.