Stock Movers Bank of America & Citi Climb on Results, Netflix Revenue Goals, Moderna Falls
Apr 15, 2025
Bank of America reports record trading revenue, soaring 17% as traders capitalize on market volatility. Citi shares also rise after beating expectations. Meanwhile, Netflix sets ambitious goals to double its revenue and reach a $1 trillion market cap by 2030. In contrast, Moderna faces challenges as CDC advisers review vaccine data, impacting stock performance. The landscape is a mix of triumphs and uncertainty, highlighting the dynamic nature of the market.
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Citigroup's Performance
- Citigroup's fixed sales and trading revenue beat Wall Street expectations.
- They are nearing their profitability target, with tangible common equity at 9.1%.
Bank of America's Success
- Bank of America (BAC) saw record trading revenue exceeding $2 billion, driven by market volatility.
- Their total revenue topped $27 billion, a decade high.
Netflix's Ambitious Goals
- Netflix aims to double revenue and achieve a $1 trillion market cap by 2030.
- Analysts view these goals as attainable due to strong leadership.