Adams Natural Fund (PEO) falls 0.24% for October 13

Equities Staff  |

Adams Natural Resources Fund Inc (NYSE: PEO), a Baltimore, Maryland, company, fell to close at $16.85 Wednesday after losing $0.04 (0.24%) on volume of 51,215 shares. The stock ranged from a high of $16.90 to a low of $16.62 while Adams Natural Fund’s market cap now stands at $405,722,000.

About Adams Natural Resources Fund Inc

Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. and Adams Natural Resources Fund, Inc. The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker.

Visit Adams Natural Resources Fund Inc’s profile for more information.

The Daily Fix

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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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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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 Adams Natural Resources Fund Inc and to follow the company’s latest updates, you can visit the company’s profile page here: Adams Natural Resources Fund Inc’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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