Hormel Foods (HRL) gains 0.12% for October 13

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Hormel Foods Corp. (NYSE: HRL) shares gained 0.12%, or $0.05 per share, to close Wednesday at $42.36. After opening the day at $42.31, shares of Hormel Foods fluctuated between $42.51 and $41.98. 2,545,215 shares traded hands an increase from their 30 day average of 2,315,650. Wednesday’s activity brought Hormel Foods’s market cap to $22,982,708,547.

Hormel Foods is headquartered in Austin, Minnesota, and employs more than 20000 people.

About Hormel Foods Corp.

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the ‘Global 2000 World’s Best Employers’ list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s ‘The 100 Best Corporate Citizens’ list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement – Inspired People. Inspired Food.™ – to bring some of the world’s most trusted and iconic brands to tables across the globe.

Visit Hormel Foods Corp.’s profile for more information.

The Daily Fix

BlackRock Beats Q3 Profit Estimates, But Asset Growth Flattens

BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand for its actively managed and sustainable funds, even as volatile markets hindered the world’s largest money manager from growing its assets under management.

Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and strong fiscal and monetary aid.

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JPMorgan Misses on Third Quarter Revenue, Beats Earnings Estimates With One-Time Items
 

JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

The nation’s largest bank by assets said it earned a profit of $11.69 billion, or $3.74 per share, compared with a profit of $9.44 billion, or $2.92 per share, in the same period a year earlier. The bank had two one-time items that helped boost its profits this quarter: a $566 million income tax benefit and the release of $2.1 billion from its troubled loans books, something the JPMorgan has been doing every three months since the U.S. economy started recovering from the pandemic.

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Emerson Electric To Merge Industrial Software Businesses With Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq:AZPN), in a deal worth $11 billion. 

The cash-and-stock transaction announced Monday values AspenTech at about $160 per share, a 27% premium to its Oct. 6 close, before Bloomberg News first reported on talks between the two companies. 

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About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Hormel Foods Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: Hormel Foods Corp.’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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