Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Charles Schwab (SCHW) tops our list. The firm posted a beat on earnings per share and net income for its first quarter. The bank reported trading activity rose nearly 40% year-over-year to a new all-time high. It also said it opened 443,000 new accounts, its highest quarterly number in 18 years.
Google (GOOG) is the latest tech giant to be accused of improperly tracking children’s data. New research reveals that well over half of the roughly 6,000 child-directed Android apps and games in Google’s Play Store in its Designed for Families program have accessed sensitive data such as geolocation, email addresses and phone numbers. Privacy advocates believe Google’s actions potentially violate US law on the collection and sharing of data on children under 13.
Goldman Sachs (GS) is doubling down on mobile consumer banking. The Wall Street firm just bought personal finance app Clarity Money to add to its in-house consumer personal loan service Marcus. The Wall Street Journal reports Clarity, which already has over a million users, will quadruple Goldman’s customer base. Goldman reportedly paid a high eight figure sum for Clarity. No other terms were disclosed.
Analysts are warning that advertising giant WPP (WPP) may have to be broken up now that CEO Martin Sorrell is leaving the company. Sorrell is under investigation for alleged misconduct and misuse of corporate assets. He left days before results of that probe are expected to be made public. Sorrell said in a statement – the uncertainty over his future was putting too much unnecessary pressure on the business.