Loews reports higher profit on strong returns on investment income [Yahoo! Finance]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.loews.com
Company Research
Source: Yahoo! Finance
The company earns most of its revenue from its insurance unit CNA in which it holds an about 90% stake. WHY IT'S IMPORTANT U.S. government bonds have rallied on rising hopes of the U.S. Federal Reserve successfully executing a soft landing as inflation cools down and that has induced confidence among market participants. KEY QUOTE "CNA continues to experience strong profitable growth, reporting its highest ever first-quarter core income," said James S. Tisch, President and CEO, Loews Corporation. BY THE NUMBERS Investment income for the New York-based company rose to $669 million in the quarter ended March 31, from $569 million a year earlier. The income attributable to Loews in the reported quarter was $457 million, or $2.05 per share, up from $375 million, or $1.61 per share, a year earlier. MARKET REACTION Shares in the company were flat in premarket trading. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Vijay Kishore)
Show less
Read more
Impact Snapshot
Event Time:
L
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
L alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
L alerts
High impacting Loews Corporation news events
Weekly update
A roundup of the hottest topics
L
News
- LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCKPR Newswire
- Loews reports higher profit on strong returns on investment income [Reuters]Reuters
- LOEWS CORPORATION REPORTS NET INCOME OF $457 MILLION FOR THE FIRST QUARTER OF 2024PR Newswire
- Mindful Consumption Gets A Bespoke Feel With New Loews ‘Free Spirited' Program [Forbes]Forbes
- Loews Corporation to Release First Quarter 2024 Results on May 6, 2024PR Newswire
L
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- L's page on the SEC website