div > div.group > p:first-child"> Shares of Wells Fargo jumped more than 3 percent after market close Thursday following news that the bank's CEO Tim Sloan is retiring. Sloan was under pressure to step down, especially from lawmakers like Sen. Elizabeth Warren. The bank's general counsel Allen Parker will take over as interim CEO and president.
Shares of RH, parent company of Restoration Hardware, plummeted more than 17 percent in extended trading after releasing mixed fourth-quarter results. The home furnishings company lowered its 2019 revenue guidance to a range of $2.585 billion and $2.635 billion, down from its previous range of $2.72 billion to $2.82 billion. The company cited weakness in its core business after the fourth-quarter market volatility and negative trends in the high end housing market.
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Source: CNBC - 🏆 12. / 72 Read more »