3M, Clearway Energy And A Global Payments Company: CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Clearway Energy, Inc. (NYSE:CWEN) has a 6.5% dividend yield.
Clearway Energy will report second quarter financial results on Thursday, Aug. 1. The company posted a first-quarter GAAP loss of 2 cents per share on May 9.
Jason Snipe of Odyssey Capital Advisors said American Express Company (NYSE:AXP) reported solid earnings.
American Express reported worse-than-expected second-quarter sales results. The company's second-quarter revenue (net of interest expense) grew 8% year-on-year to $16.33 billion, slightly missing the analyst consensus estimate of $16.59 billion. Adjusted EPS of $3.49 beat the analyst consensus estimate of $3.26. It has raised its EPS outlook to $13.30 – $13.80 from $12.65 – $13.15 prior, versus the consensus of $12.96.
Don't forget to check out our premarket coverage here
Rob Sechan of NewEdge Wealth said 3M Company (NYSE:MMM) CEO William M. “Bill” Brown continues to execute a long-term turnaround story.
On July 10, MMM announced the resignation of its President and Chief Financial Officer, Monish Patolawala, effective July 31. Patolawala is stepping down to pursue another opportunity and will remain with the company until the end of July to ensure a smooth transition.
Price Action:
- Clearway Energy shares rose 0.2% to close at $25.23 on Friday.
- American Express slipped 2.7% to settle at $242.38 during Friday's session.
- 3M shares fell 0.1% to close at $103.92 on Friday.
Check This Out:
Image created using artificial intelligence via Midjourney.