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
July 12, 2024Wells Fargo's second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid
July 12, 2024JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results.
July 12, 2024Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but
July 12, 2024European shares advanced on Friday and logged their second consecutive weekly gains on upbeat earnings and global investor optimism about a September
July 12, 2024Wall 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.
July 12, 2024Digital mapping specialist TomTom suspended its revenue target for 2025 and trimmed its expectations for this year on Monday as weak demand for new
July 15, 2024Macy’s is cutting off buyout talks with Arkhouse and Brigade, citing the lack of certain financing
July 15, 2024Goldman Sachs' profit more than doubled in the second quarter and beat analysts' estimates on strong debt underwriting and fixed-income trading,
July 15, 2024U.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
July 15, 2024Goldman Sachs has posted a 150% jump in its second quarter profits
July 15, 2024Deutsche 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
July 15, 2024UnitedHealth forecast on Tuesday a bigger hit to annual earnings from a February hack at its tech unit, but maintained its full-year profit
July 16, 2024Bank of America's second-quarter profit dropped as higher deposit costs pushed its interest income lower, but the results beat analysts' estimates, boosted
July 16, 2024PNC 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.
July 16, 2024Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise
July 16, 2024Equity traders rode high in the second quarter, propelling earnings across Wall Street giants.
July 16, 2024German 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.
July 16, 2024Top 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
July 16, 2024U.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.
July 16, 2024Mexican 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
July 16, 2024Asset 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
July 17, 2024U.S. lender Citizens Financial beat expectations for second-quarter profit on Wednesday, lifted by strong capital markets.
July 17, 2024U.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.
July 17, 2024(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 (
July 17, 2024United Airlines on Wednesday forecast a lower-than-expected profit in the current quarter and announced plans to cut capacity, providing further evidence that
July 17, 2024