Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thursday on a disappointing forecast. Zillow ZG, +0.21% Z, +0.59% on Thursday reported second-quarter earnings of $8 million,…
PayPal Holdings Inc. pleased investors when it announced a new $15 billion buyback authorization alongside a suite of other shareholder-friendly moves earlier this week. Now investors will have to hope that the company executes better with its new buyback plan than it has in the past. While the e-commerce giant has been repurchasing stock for…
Read More “PayPal’s buyback history has been ‘very poor.’ Can a new CFO help change that?” »
JPMorgan Chase & Co. shares fell Thursday after the bank missed profit targets and temporarily suspended its stock buybacks to build up its balance sheet for an expected economic downturn, even as much of its business remains healthy. Morgan Stanley MS, -2.15% also failed to match analyst earnings estimates as the banks navigated a much…
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