Loews Corporation has continued to impress investors and competitors alike with its stock hitting an all-time high of $86.97. Notwithstanding daily losses, the company's stock outperformed its competitors on several strong trading days. This impressive performance was supported by reports of a
58% surge in the net income for
Q3 of 2024, driven majorly by CNA Financial and Boardwalk Pipelines.
Institutional ownership, standing at 60% of the shares, solidifies the positions of the likes of Bank of Montreal, Martingale Asset Management, and Dynamic Technology Lab, which all have welcomed the strong earnings and have invested accordingly.
CEO transition has also been announced, with James Tisch stepping down after 25 years and Benjamin Tisch due to take the helm. Despite having some insider sales, the
strong financial performance of Loews Corporation has been applauded on Wall Street, with majority bullish sentiments towards the stock. The
Q3 earnings surpassed expectations mainly due to continued Boardwalk strength, leading to an increase in retail enthusiasm.
Loews Corporation L News Analytics from Fri, 06 Jul 2018 07:00:00 GMT to Sat, 30 Nov 2024 12:09:44 GMT -
Rating 8
- Innovation -2
- Information 7
- Rumor -7
