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Company News for Apr 7, 2020

Zacks Equity Research
  • JPMorgan Chase & Co.'s JPM shares climbed 6.4% after CEO Jamie Dimon said that the bank has strong capital base and solid financial condition to cope with even the most adverse scenario.
  • Shares of Carnival Corp. & Plc CCL jumped 20.3% following the news that the Saudi Arabia-based The Public Investment Fund had acquired 8.2% stake in the company.
  • Wayfair Inc.'s W shares rallied 41.2% after the company announced that its online retailing business more than doubled thanks to the coronavirus outbreak.
  • Shares of Capri Holdings Ltd. CPRI soared 25.9% after the company announced that it expects to open all its stores in North America around Jun 1.

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