Mesa Air Group, Inc. ( MESA ) shares are rocketing today after the company reported first-quarter FY24 results.  Operating revenues fell 19.3% Y/Y to $118.8 million, missing the consensus of $126.0 million. Contract revenue decreased 21.3% Y/Y owing to a reduction in CRJ-900 block hours and fewer aircraft under contract. Adjusted EBITDAR of $6.3 million came below $25.9 million in the prior year...

12:49 PM EDT, 05/20/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) Q2 investment-banking fees are on track to rise in mid-teens percentage year over year, Bloomberg reported Monday, citing the bank's co-chief executive Troy Rohrbaugh. The markets business will reportedly see an increase in the mid-single digits, while fixed-income, commodities and currencies would experience a continuation of Q1, Rohrbaugh...

12:56 PM EDT, 05/20/2024 (MT Newswires) -- Progressive (PGR) has been ranked a top pick by Morgan Stanley, citing strong growth prospects and attractive pricing, while also noting that growth and margin remain underappreciated. The stock price has grown [about ] 730% over the past 10 years with a beta of 0.5, Morgan Stanley said in a note Monday. The...

SEATTLE, May 20 (Reuters) - Microsoft ( MSFT ) kicked off a product event on Monday where it is expected to debut hardware and software related to consumer devices and AI. At the event on its campus in Redmond, Washington, the Windows maker is expected to reveal a new version of its Surface Pro tablet and Surface Laptop that feature...