From Quartz
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UnitedHealth Group stock jumps following first quarterly earning report
UnitedHealth Group, the largest health insurance company in the U.S., was the top performer in S&P 500 Tuesday morning after it reported higher-than expected revenue amid the fallout of a massive cyberattack earlier this year. UnitedHealth stock rose 6% to about $471 on Tuesday, following the insurer’s first quarterly earnings report since hackers targeted is subsidiary Change Healthcare. Change is a healthcare record and payment manager that processes 14 billion transactions a year. “The...
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Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company’s performance. The health care giant also Tuesday that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end of last year surprised Wall Street. Company shares jumped in early-morning trading. UnitedHealth said earlier this year that a ransomware group had gained access to some of the systems of its...
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A strong quarter for Wall Street lifts Goldman's first-quarter results
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a pause on companies doing deals and mergers. But as executives have adjusted to the new normal and interest rates appear to be heading lower, Goldman has benefitted from the change in attitude. The New...