2012 Stock Predictions and Outlook
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U.S. Bancorp ( USB) continued its strong earnings streak, as mortgage origination volume remained very strong. Shares rose 1.8%. Bank of New York Mellon ( BK) reported a 7% year-over-year increase in management fees. Shares gained 5.5%. Shares of eBay ( EBAY) slipped in after-hours action after the online auctioneer beat Wall Street's profit view by a penny in the third quarter but revenue was a bit soft and there was downside to its outlook for the fourth quarter vs. the consensus expectations. The stock was down 1%.
--Written by Andrea Tse and Joe Deaux in New York. >To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull