[ad_1] Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83 cents a share adjusted, vs. 76 cents expected, according to LSEG Revenue: $25.98 billion, vs. $25.46 billion expected The bank …
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Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
[ad_1] Dr. Martens is a brand of footwear known for its yellow stitching and patented air-cushioned soles. The brand was adopted by British punk rockers in the 1970s, but went mainstream during the grunge movement of the 1990s. drmartens.com Shares of Dr. Martens plunged 30% on Tuesday to hit a …
Read More »Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
[ad_1] An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Monday defended the quality and safety testing on its 787 Dreamliner and …
Read More »Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
[ad_1] Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s what the company reported: Earnings: $11.58 per share, vs. $8.56 expected, according to LSEG Revenue: $14.21 billion, vs. $12.92 billion expected The bank said profit …
Read More »Off-price retail is poised to keep taking market share. Why is TJX’s stock stuck?
[ad_1] Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies’ stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, particularly department stores, UBS said in a recent note, keeping a …
Read More »Israel says 300 Iranian drones and missiles downed in ‘unprecedented’ overnight attack
[ad_1] Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran’s IRGC UAV and missile attack against Israel on April 14, 2024. Nurphoto | Nurphoto | Getty Images Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli …
Read More »Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
[ad_1] Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and trading operations. Here’s how the company performed, compared with estimates from LSEG, formerly known as Refinitiv: Earnings: $1.86 per share, adjusted, vs. $1.23 expected Revenue: $21.10 billion vs. $20.4 …
Read More »Trump Media shares drop below $30, company sheds more than half of market cap since trading debut
[ad_1] Jonathan Raa | Nurphoto | Getty Images The price of Trump Media shares fell below $30 in early trading Friday morning, more than $40 lower than what its shares first sold for when the social media company began public trading on March 26. DJT shares declined by more than …
Read More »JPMorgan Chase tops estimates on better-than-expected credit costs, trading revenue
[ad_1] Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading …
Read More »Stock futures are little changed as Wall Street awaits bank earnings: Live updates
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. As new inflation data released today showed a continued rise, stocks fell across the board with the Dow falling over 400 points. Spencer Platt | Getty Images U.S. stock …
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