United Airlines, First Republic, Charles Schwab

United Airlines (UAL)

Shares of United Airlines tumbled more than 7% after the company said it expected a contract-related quarterly loss. United is now seeing a loss in the first quarter of 60 cents to $1 per share. Analysts had expected a profit of 69 cents.

The company said it is seeing “new seasonal demand patterns, with lower demand months such as January and February 2023 growing less than higher demand months.” United now expects total available mile revenue per seat in the first quarter of 2023 to increase by 22-23% compared to the first quarter of 2022, lower than the original forecast of approximately 25%.

Airline stocks have performed better this year as consumers prefer to spend money on travel rather than buying goods or essentials. United Airlines shares are up about 30% since the start of the year.

This photo, taken on March 8, 2023, shows a United Airlines Airbus A319-132 parked at the gate at George W. Bush International Airport (IAH) in Houston, Texas.  (Photo by Daniel Slim/AFP) (Photo by Daniel Slim/AFP via Getty Images)

This photo, taken on March 8, 2023, shows a United Airlines Airbus A319-132 parked at the gate at George W. Bush International Airport (IAH) in Houston, Texas. (Photo by Daniel Slim/AFP) (Photo by Daniel Slim/AFP via Getty Images)

Bank of the First Republic (FRK)

Shares of First Republic Bank jumped 5% after hours after a hard day for the San Francisco bank. First Republic shares closed a record 62% decline on Monday, despite US regulators’ efforts to bolster confidence in the regional banking system following the collapse of Silicon Valley Bank.

Analysts Raymond James, Compass Point and Wolfe Research downgraded First Republic. However, JPMorgan reaffirmed its “overweight” rating, saying it was an opportunity for investors.

The entire regional banking sector was under pressure on Monday.

“Here it’s just a matter of fear. This is a classic bank run,” Mark Cooper, CEO of Solomon Partners, said in an interview with Yahoo Finance Live. Cooper confirmed that he was holding the funds in the First Republic and would keep them there.

“Generally speaking, we have learned from the past that they do not end quickly. These difficult times don’t end quickly,” Cooper said.

Charles Schwab (ur.SCHW)

Shares of Charles Schwab rose more than 1% after hours after a sharp sell-off on Monday. Shares fell 11% to close at $51.91 despite reassurances from the finance firm that it had sufficient funds. Shares fell 23% during the trading session, the biggest drop of the day.

On Monday, Citi analysts defended the stock and upgraded its recommendation from neutral to buy, marking an “attractive” entry point.

“We are seeing short-term reciprocal revenue/earnings flows due to rising funding costs and continued sorting of client cash, but we believe this is reflected in the current share price,” analysts Chris Allen and Alessandro Balbo wrote.

Inez is a Senior Business Reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre

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