Dell’s BIG PURCHASE and 4 Stocks in Action This Morning
Don’t Miss: Apple Wins Major iPad VICTORY in China.
As European banks lose market share, Chinese banks have come up in the global rankings for profitability – garnering almost a third of total global banking profits last year, a sea change from the mere 4 percent in 2007. The big winners – ICBC with pre-tax earnings of $43.2 billion, China Construction Bank $34.8 billion, and Bank of China with $26.8 billion; JPMorgan (NYSE:JPM) and HSBC (NYSE:HBC) brought up the fourth and fifth places respectively.
Movies Ted from Comcast (NASDAQ:CMCSA) and Magic Mike from the Warner Bros studio owned by Time Warner (NYSE:TWX) did well at the box office this weekend, raking in $54.1 million and $39.2 million respectively; The two films are swimming against the tide of movies for children this summer, and their takings are a record – this being the first ever that two R-rated films have garnered mover than $21 million through the same opening weekend.