Today: September 20, 2024
Today: September 20, 2024

Earnings

Business|Economy

Wells Fargo misses interest income estimates as deposit costs bite; shares slump

Wells Fargo's second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid

Wells Fargo misses interest income estimates as deposit costs bite; shares slump
Business|Economy

JPMorgan profit rises to record, fueled by investment banking

JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results.

JPMorgan profit rises to record, fueled by investment banking
Business|Economy

Citi profit beats on surge in investment banking, services strength

Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but

Citi profit beats on surge in investment banking, services strength
Business|Economy

European shares hit over 1-month high on earnings, Fed rate-cut hopes

European shares advanced on Friday and logged their second consecutive weekly gains on upbeat earnings and global investor optimism about a September

European shares hit over 1-month high on earnings, Fed rate-cut hopes
Business|Economy

Wall Street banks see investment banking improvement, with some caution

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

Wall Street banks see investment banking improvement, with some caution
Business|Economy|Technology

TomTom suspends 2025 targets as weak car demand hits sales

Digital mapping specialist TomTom suspended its revenue target for 2025 and trimmed its expectations for this year on Monday as weak demand for new

TomTom suspends 2025 targets as weak car demand hits sales
Business|Economy

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

Macy’s is cutting off buyout talks with Arkhouse and Brigade, citing the lack of certain financing

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing
Business|Economy

Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading

Goldman Sachs' profit more than doubled in the second quarter and beat analysts' estimates on strong debt underwriting and fixed-income trading,

Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading
Business|Technology

AutoNation expects hit to Q2 profit from CDK outage

U.S. auto retailer AutoNation said on Monday it expects a $1.50 per share hit to its second-quarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK

AutoNation expects hit to Q2 profit from CDK outage
Business|Economy

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

Goldman Sachs has posted a 150% jump in its second quarter profits

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street
Business|Economy

Deutsche Bank's profit streak at risk as Postbank lawsuit looms

Deutsche Bank is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its

Deutsche Bank's profit streak at risk as Postbank lawsuit looms
Business|Health

UnitedHealth expects bigger hit to profit from tech unit hack

UnitedHealth forecast on Tuesday a bigger hit to annual earnings from a February hack at its tech unit, but maintained its full-year profit

UnitedHealth expects bigger hit to profit from tech unit hack
Business|Economy

BofA profit beats expectation on robust investment banking, trading

Bank of America's second-quarter profit dropped as higher deposit costs pushed its interest income lower, but the results beat analysts' estimates, boosted

BofA profit beats expectation on robust investment banking, trading
Business|Economy

PNC Financial's second-quarter profit rises on higher fee income

PNC Financial reported an increase in second-quarter profit on Tuesday as higher fees from underwriting and advising on deals helped the bank offset a decline in interest income.

PNC Financial's second-quarter profit rises on higher fee income
Business|Economy

Bank of America Q2 profits drop as higher interest rates slow down lending

Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise

Bank of America Q2 profits drop as higher interest rates slow down lending
Business|Economy

Equity traders fuel US bank profits as stock markets rally

Equity traders rode high in the second quarter, propelling earnings across Wall Street giants.

Equity traders fuel US bank profits as stock markets rally
Business|Economy|Sports

Adidas hikes 2024 earnings guidance after second-quarter beat

German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year.

Adidas hikes 2024 earnings guidance after second-quarter beat
Business|Economy

US steelmakers brace for tepid quarterly profit, further price declines

Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a

US steelmakers brace for tepid quarterly profit, further price declines
Business|Economy

US bank executives discuss consumer outlook

U.S. banks have reaped a windfall from higher interest payments on loans, but commentary from some top executives suggests they could face an uncertain path ahead.

US bank executives discuss consumer outlook
Business|Economy

America Movil swings to net loss citing post-election peso volatility

Mexican telecommunications giant America Movil fell short of analyst projections and swung to a net loss in the second quarter in results posted Tuesday, citing the depreciation

America Movil swings to net loss citing post-election peso volatility
Business|Economy

Northern Trust's profit surges on fee income boost, accounting gain

Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a

Northern Trust's profit surges on fee income boost, accounting gain
Business|Economy

Citizens Financial profit beats estimates on strong capital markets

U.S. lender Citizens Financial beat expectations for second-quarter profit on Wednesday, lifted by strong capital markets.

Citizens Financial profit beats estimates on strong capital markets
Business|Economy

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income

U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income
Business|Health

J&J beats Wall St estimates on strong drug sales ahead of Stelara competition

(This July 17 story has been corrected to clarify that the CFO did not suggest that pending Stelara insurance contracts would be 'favorable,' in paragraph 4) By Patrick Wingrove and Bhanvi Satija (

J&J beats Wall St estimates on strong drug sales ahead of Stelara competition
Business|Economy

United Airlines earnings outlook underscores discounting pressure

United Airlines on Wednesday forecast a lower-than-expected profit in the current quarter and announced plans to cut capacity, providing further evidence that

United Airlines earnings outlook underscores discounting pressure

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