Orlando, FL -- (SBWIRE) -- 09/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Exxon Mobil Corporation (NYSE:XOM), Banco Santander (Brasil) SA(ADR)(NYSE:BSBR).
Exxon Mobil Corporation (NYSE:XOM) stock fell 0.11% to $87.25. The company on August 23 said it is selling over half of its 60 percent holding in Iraq's West Qurna-1 oilfield project to China's biggest energy firm PetroChina and Indonesia's Pertamina, Iraq's oil minister confirmed. "25 percent (stake) to PetroChina and 10 percent to Pertamina," Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.
Additionally, the company on August 1 said net income fell 57 percent in the second quarter on weaker refining results, lower production and minus a big gain in the year-ago quarter. The company earned $6.86 billion on revenue of $106.47 billion in the quarter. In last year's quarter, the company earned $15.9 billion on revenue of $127.36 billion. On a per-share basis Exxon earned $1.55. Analysts polled by FactSet expected Exxon to earn $1.90 per share. It was Exxon's lowest earnings per share since September of 2010
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Banco Santander (Brasil) SA(ADR)(NYSE:BSBR) shares gained 1.17% to $6.05. The company is considering acquisitions to strengthen its real estate and payroll-deductible loan portfolios, Chief Executive Jesús Zabalza told journalists on July 30. Earlier in the day, the local affiliate of Spain's Banco Santander reported a stronger-than-expected profit in the second quarter as a sharp decline in defaults allowed the bank to cut bad-loan provisions.
Additionally, the company on May 13 announced that following the announcements made on February 22, 2011 and July 14, 2011, in relation to the sale of the total shares of its wholly owned subsidiary Zurich Santander Brasil Seguros e Previdencia SA (current name Santander Seguros SA) (Zurich Santander Seguros) to Zurich Santander Insurance America SL (current name of ZS Insurance America SL), a holding company located in Spain whose 51% stake is held by Zurich Financial Services Ltd and its affiliated companies and 49% by Banco Santander SA, the Company’s controlling shareholder, the total value of the transaction was of BRL 2,744,990,429.98 resulting in a price reduction of BRL 6,567,142.00.
Is BSBR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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