Bank of America, Delta Air Lines fall; Valero Energy, Newmont rise, Friday, 1/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday:
Bank of America Corp., down 35 cents to $32.80.
The bank's profit and revenue fell short of analysts' forecasts.
Delta Air Lines Inc., down $3.79 to $38.47.
The airline gave investors a discouraging financial forecast.
BlackRock Inc., up $6.99 to $799.60.
The investment firm is buying independent fund manager Global Infrastructure Partners.
UnitedHealth Group Inc., down $18.17 to $521.51.
The health care giant said medical costs soared 16% during the fourth quarter.
International Flavors & Fragrances Inc., up 47 cents to $80.25.
The ingredients producer for food, cosmetics and consumer products said J. Erik Fyrwald will succeed Frank Clyburn as CEO.
Valero Energy Corp., up $3.50 to $131.50.
Energy companies gained ground along with rising crude oil prices.
Newmont Corp., up 12 cents to $37.64.
The gold miner rose along with prices for the precious metal.
Wells Fargo & Co., down $1.64 to $47.40.
The bank's provision for credit losses jumped 34% during the fourth quarter.
Provided Content: Content provided by Associated Press. The Globe and Mail was not involved, and material was not reviewed prior to publication.
