Coinbase Global (COIN) gains 7.93% to Close at $280.61 on October 15

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Today, Coinbase Global Inc – Class A Inc’s (NASDAQ: COIN) stock gained $20.61, accounting for a 7.93% increase. Coinbase Global opened at $266.53 before trading between $281.72 and $266.53 throughout Friday’s session. The activity saw Coinbase Global’s market cap rise to $73,323,393,000 on 9,517,534 shares -above their 30-day average of 3,378,475.


About Coinbase Global Inc – Class A

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.



Visit Coinbase Global Inc – Class A’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 Nasdaq Stock Market





The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world’s leading exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.



To get more information on Coinbase Global Inc – Class A and to follow the company’s latest updates, you can visit the company’s profile page here: Coinbase Global Inc – Class A’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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