Coinbase to IPO Sometime Today

The first of the big bank earnings are out today, and they’re looking very good. First up is JPMorgan Chase. The big bank earned $4.50 per share. That beat estimates by $1.40 per share. CEO Jamie Dimon has said the economy is primed for a “Goldilocks moment.”

Next up is Goldman Sachs which earned $18.60 per share. Wall Street had been expecting $10.22 per share.

Also, Wells Fargo made $1.05 per share. Wall Street was looking for 71 cents per share.

Today is the day of the Coinbase IPO. The ticker symbol is COIN. CEO Brian Armstrong owns 20% of the company. He’s going to be a very wealthy man by closing time. The Nasdaq gave them a “reference price” of $250 per share.

Lastly, Bernie Madoff has died age 82. He still had 138 years left on his sentence.

Posted by on April 14th, 2021 at 11:03 am


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