Market Focus

Bank of America

Bank of America, the country’s second biggest bank swung to a profit. The results show BofA is starting to recover from its large legal losses of prior years. Still, its earnings and revenue missed analyst estimates and the bank’s trading performance fell short of rival JP Morgan. Shares fell one percent to $15.64.

US Bancorp

US Bancorp saw its profit edge up by more than two percent, as its revenue and loans increased. But overall revenue trailed consensus and its net interest margin, which is an important measure of lending profitability fell. Shares were off a few cents to $43.42.

Charles Schwab

Charles Schwab’s quarterlies missed on both the top and bottom lines. Profit fell as the company was hurt by higher one-time costs and a slowdown in trading. Still, shares were up slightly to $30.53.

Delta

Delta’s earnings beat the street, while revenue came in right at expectations. The company said this March quarter was its best in history. But, the carrier is cutting some international flights because of the strong dollar and falling oil prices. Shares were 2.5 percent higher to $44.20.

HCA Holdings

HCA Holdings upped its full-year guidance on better-than-expected preliminary earnings. The hospital operator said higher admissions and emergency room visits will help revenue results for the quarter and the full year. Shares popped 2.5 percent to $79.24.

Target & Mastercard

Target is close to a settlement with Mastercard over its 2013 data breach, according to the Wall Street Journal. The settlement would see the retailer reimburse financial institutions about $20 million in costs related to reissuing credit cards. Target is in the middle of a separate negotiation with Visa. Shares of Target fell more than one percent to $81.96. Mastercard rose a bit to $89.25.

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