IBM - International Business Machines Corporation

NYSE - NYSE Delayed price. Currency in USD
143.49
-1.97 (-1.35%)
At close: 4:01PM EDT

143.39 -0.10 (-0.07%)
After hours: 6:32PM EDT

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Previous close145.46
Open144.75
Bid143.39 x 900
Ask143.69 x 900
Day's range143.34 - 145.00
52-week range137.45 - 171.13
Volume5,094,687
Avg. volume4,704,962
Market cap131.719B
Beta1.02
PE ratio (TTM)23.54
EPS (TTM)6.09
Earnings date18 Jul 2018
Forward dividend & yield6.28 (4.35%)
Ex-dividend date2018-05-09
1y target est167.70
Trade prices are not sourced from all markets
  • Powell testimony, Morgan Stanley earnings — What you need to know in markets on Wednesday
    Yahoo Finance33 minutes ago

    Powell testimony, Morgan Stanley earnings — What you need to know in markets on Wednesday

    Earnings and more commentary from Federal Reserve chair Jerome Powell will be the highlights for investors on Wednesday after tech stocks closed at a record high on Wednesday.

  • Buy Microsoft, not IBM — and find the winners in six other sectors
    MarketWatch3 hours ago

    Buy Microsoft, not IBM — and find the winners in six other sectors

    In this earnings season, investors should be more discerning and unload the losers, says Jeff Reeves.

  • Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
    Bitcoin Magazine4 hours ago

    Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar

    Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.S. dollars per coin,” according to an official press release, and held in an account with Nevada-based Prime Trust, the same trust company that banks for the stablecoin TrueUSD.The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. Founded in 1933 in the throes of the Great Depression, the FDIC is a federal agency that provides deposit insurance for clients at commercial banks and savings institutions, covering amounts up to $250,000. As an exchange, Stronghold acts as a Stellar network anchor, a trusted entity that holds deposits and issues corresponding credit for these deposits. Anchors allows Stellar’s users to bridge the gap between networks, as any currency (fiat or crypto) can be represented as credit on the network and traded accordingly (except for lumens, which is Stellar’s native coin and is settled on-chain without the need for an anchor or credit).Stronghold USD will act as a new anchor for Stellar’s network. Underpinned by Stellar’s blockchain, Stronghold USD will be issued and transacted on the network, and users will be able to liquidate their Stronghold USD through Stronghold’s exchange or Prime Trust.IBM’s involvement in the project is unsurprising given the legacy tech company’s ongoing partnership with Stellar. Stronghold also chose to collaborate with IBM to explore the potential business and enterprise application of their newest offering. The partnership will test this potential by examining use cases for the blockchain businesses that leverage IBM’s blockchain platform.“The digitization of real-world assets using blockchain can dramatically transform many forms of financial transactions conducted around the world,” Global Vice President of IBM Blockchain, Jesse Lund, said in a statement. “New types of fiat-backed instruments, like Stronghold’s USD token, have the potential to improve the backbone of international banking operations and payments, giving banks an easier way to integrate with public blockchain networks without significant changes to their core banking and compliance infrastructure.”The company statement seems to take aim at other stable tokens in the ecosystem: “[the] intent of issuing a token, like Stronghold USD, is to strengthen confidence in the practical application of stablecoins for routine transactions by addressing the challenges associated with previous attempts at fiat-backed coins, where limited transparency into the underlying reserves guaranteeing the coin’s value prevented broad adoption.”“Previous attempts” could be pointing a semantic finger at Tether, the oldest and most popular stablecoin on the market. Tether has long drawn skepticism and criticism from the community for its lack of transparency and opaque asset management practices. The company has repeatedly stressed that it can’t acquire an official audit to attest to the dollar reserves that are supposedly backing its supply, and naysayers doubt that it has one-to-one backing at all. Researchers at the University of Texas at Austin have even argued that Tether’s fractional issuance inflated bitcoin during last year’s bull run. Unlike Tether, Stronghold USD is audited, according to Scott Purcell, Prime Trust’s CEO, but the identity of the auditing firm has not been revealed. The new stablecoin also features backing by the FDIC in what may be perceived as a badge of legitimacy and reliability.Tether is also mainly used as a haven of stability for traders. When navigating the daily volatility of the cryptocurrency market, traders will often “tether up” to avoid losing their holding’s dollar value. Judging by the press release’s emphasis on business, Stronghold and IBM are working to bring Stronghold USD to business, financial institutions and the like for enterprise adoption and day-to-day use.Stronghold is currently accepting applications for institutional investors and entities to test Stronghold USD. Access for retail investors will be opened at a later but unspecified date. This article originally appeared on Bitcoin Magazine.

  • IBM earnings: Security is growing fast, but is it enough money to matter?
    MarketWatch5 hours ago

    IBM earnings: Security is growing fast, but is it enough money to matter?

    In the continuing story of International Business Machines Corp.’s attempt to transform itself for the new age, one large focus will be how the tech company is taking advantage of a heightened security climate.

  • IBM partners Stronghold for new digital stable coin
    Reuters5 hours ago

    IBM partners Stronghold for new digital stable coin

    International Business Machines Corp (IBM.N) is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. The so-called stable coin, Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company's partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.

  • IBM partners Stronghold for new digital stable coin
    Reuters5 hours ago

    IBM partners Stronghold for new digital stable coin

    International Business Machines Corp (IBM.N) is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. The so-called stable coin, Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company's partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.

  • FANG Group Check In & Tuesday's Trending Stocks: TRCO, SBGI, GRPN | Free Lunch
    Zacks5 hours ago

    FANG Group Check In & Tuesday's Trending Stocks: TRCO, SBGI, GRPN | Free Lunch

    Ryan McQueeney discusses the market's top stories, including major headlines from Tribune Media (TRCO), Groupon (GRPN), and Uber. Later, he is joined by Dave Bartosiak to recap a busy start to the week for FANG staples Netflix (NFLX) and Amazon (AMZN).

  • IBM Seeks Patent Infringement Charges of $167M From Groupon
    Zacks8 hours ago

    IBM Seeks Patent Infringement Charges of $167M From Groupon

    IBM (IBM) is suing Groupon over unauthorized use of the company's patented e-commerce technology.

  • IBM is experimenting with a cryptocurrency that’s pegged to the US dollar
    CNBC11 hours ago

    IBM is experimenting with a cryptocurrency that’s pegged to the US dollar

    IBM has put its weight behind a so-called “stablecoin,” a digital token tied to the U.S. dollar.

  • Business Insider UK12 hours ago

    IBM partners Stronghold for new digital stable coin

    International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. The so-called stable coin, Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company's partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.

  • Business Insider UK12 hours ago

    IBM partners Stronghold for new digital stable coin

    International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. The so-called stable coin, Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company's partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.

  • IBM demands $167 million from Groupon for using its patents
    Engadget15 hours ago

    IBM demands $167 million from Groupon for using its patents

    IBM and Groupon have been engaged in a legal battle over patents since 2016,

  • IBM seeks $167 million from Groupon in dispute over early internet patents
    Reuters21 hours ago

    IBM seeks $167 million from Groupon in dispute over early internet patents

    International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization. IBM lawyer John Desmarais told a jury in federal court in Delaware that Groupon infringed patents describing foundational e-commerce technology that had already been licensed to Amazon Inc, Facebook Inc and Alphabet Inc's Google for between $20 million and $50 million per company.

  • IBM seeks $167 million from Groupon in dispute over early internet patents
    Reuters21 hours ago

    IBM seeks $167 million from Groupon in dispute over early internet patents

    International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization. IBM lawyer John Desmarais told a jury in federal court in Delaware that Groupon infringed patents describing foundational e-commerce technology that had already been licensed to Amazon Inc, Facebook Inc and Alphabet Inc's Google for between $20 million and $50 million per company.

  • IBM Seeks $167 Million From Groupon in E-Commerce Patent Suit
    Bloombergyesterday

    IBM Seeks $167 Million From Groupon in E-Commerce Patent Suit

    Groupon Inc. built its online coupon business on the back of International Business Machines Corp.’s e-commerce inventions without permission, lawyers for IBM said at the start of a federal trial seeking damages for patent infringement. John Desmarais, a lawyer for IBM, said Chicago-based Groupon arrived "relatively late" to e-commerce and piggybacked on existing technologies. Many companies, including Amazon.com Inc. and Facebook Inc., have bought licenses to use the company’s patented technology, while Groupon hasn’t, he said.

  • What to Know about IBM’s Billion-Dollar Aussie Contract
    Market Realistyesterday

    What to Know about IBM’s Billion-Dollar Aussie Contract

    Earlier this month, IBM (IBM) secured a technology contract with the Australian government worth 1.0 billion Australian dollars ($740 million). The five-year contract involves IBM offering automation services to Australia’s federal departments. In an interview with Bloomberg, IBM Asia-Pacific CEO Harriet Green said the Aussie government stands to save as much as 100 million Australian dollars by awarding IBM the technology contract.

  • IBM to Beat On Q2 Earnings: ETFs to Watch
    Zacksyesterday

    IBM to Beat On Q2 Earnings: ETFs to Watch

    These ETFs could be potential movers if IBM surprises the market.

  • Microsoft Stresses on Regulation of Facial Recognition Tech
    Zacksyesterday

    Microsoft Stresses on Regulation of Facial Recognition Tech

    Microsoft (MSFT) seeks government regulations on the use of facial recognition technology.

  • Will IBM's Cognitive Solutions and GBS Drive Q2 Earnings?
    Zacksyesterday

    Will IBM's Cognitive Solutions and GBS Drive Q2 Earnings?

    IBM is riding high on robust performance from the Cognitive Solutions and Global Business Services segment.

  • Factors That Are Expected to Influence IBM's Q2 Earnings
    Zacksyesterday

    Factors That Are Expected to Influence IBM's Q2 Earnings

    IBM's Q2 results to benefit from higher investments in "Strategic Imperatives" which includes cloud computing, mobile, security, analytics, cognitive technologies and AI.

  • Tell us what you think: What are you expecting from earnings this quarter?
    CNBC2 days ago

    Tell us what you think: What are you expecting from earnings this quarter?

    All eyes will be on corporate earnings this week as earnings season shifts into high gear.

  • IBM Poised to Report Third Straight Quarter of Growth
    Motley Fool2 days ago

    IBM Poised to Report Third Straight Quarter of Growth

    Analysts expect both revenue and earnings to rise in IBM's second quarter.

  • IBM's Debater: Your Next Lawyer?
    Motley Fool2 days ago

    IBM's Debater: Your Next Lawyer?

    Atticus Finch, Clarence Darrow ... IBM Debater? What does the company envision for this latest AI project?

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