Buy tech sell-off, Wedbush’s Ives says: ’this is a 1996 moment, not 1999’
Loews Corp stock reached an all-time high, hitting 100.58 USD recently, marking a significant milestone for the company. According to InvestingPro data, the company maintains a "GREAT" overall financial health score of 3.1 out of 5, with particularly strong price momentum. This achievement underscores a robust performance over the past year, with the stock experiencing a notable 26.68% increase. With a market capitalization of $20.85 billion and an impressive revenue growth of 8.27% in the last twelve months, the company shows strong fundamentals. The surge in price reflects investor confidence and positive market sentiment surrounding the company’s strategic initiatives and financial health. InvestingPro analysis suggests the stock is currently undervalued, indicating potential for further growth. As Loews Corp continues to navigate the market dynamics, this all-time high serves as a testament to its resilience and potential for future growth. (Get access to 6 more exclusive ProTips and detailed valuation metrics with InvestingPro)
In other recent news, Loews Corporation reported a 6% increase in its second-quarter net income, totaling $391 million, or $1.87 per share, compared to $369 million, or $1.67 per share, from the same period last year. The company’s revenue for the quarter rose to $4.56 billion. Additionally, Loews Corporation declared a quarterly dividend of $0.0625 per share, payable on September 2, 2025, to shareholders of record as of August 20, 2025. In another development, Jennifer VanBelle was elected to the Loews Corporation board of directors and appointed to the Audit Committee. VanBelle brings over 25 years of experience from General Electric Company, where she held multiple senior positions. These recent developments highlight Loews Corporation’s ongoing financial performance and strategic leadership changes.
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