Discover Financial Services DFS, -2.91% on Wednesday signaled it was bracing for more soured credit and more signs that consumers were falling behind on payments, despite reporting fourth-quarter resu...
Tag: Earnings
Kinder Morgan taps Kim Dang as new CEO; results, outlook mixed
Kinder Morgan Inc. KMI, -2.44% said late Wednesday it named Kim Dang to be the energy infrastructure company’s next chief executive, while reporting mixed results. Dang, currently president, will succ...
Dow drops over 600 points, posts worst day of year after weak economic data, hawkish Fed remarks erase inflation cheer
U.S. stock indexes finished sharply lower on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 index booking their worst day in over a month, after data on falling retail sales...
Jim Cramer Reveals His ‘Fear’ After Microsoft’s Massive Layoffs
Microsoft (MSFT) – Get Free Report shares rose in pre-market trading Wednesday amid investor enthusiasm over the software titan’s announcement that it will slash 10,000 jobs, about 5% of its wo...
Silvergate Stock Surges 20% Despite $1B Quarterly Earnings Loss
Silvergate lost $1 billion during the fourth quarter — enduring significant outflows of deposits as the industry spiraled from several high-profile bankruptcies. The loss came as the crypto indu...
Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates As Mixed Banking Results Continue
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways It’s been a mixed bag for Wall Street this earning season, with some banks beating estimates and some notching major misses Some themes...
Shiba inu jumps 15% as ether trades around $1,600 following PPI release
Ether traded above $1,600 for the first time since early November as crypto prices were elevated by lower-than-expected PPI data. Ether was trading at $1,598 by 9:20 a.m. EST, up 1.2% in the pa...
SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even as its sales forecasts came u...
United Airlines Rises On Earnings Beat; Carrier Makes Huge Boeing Dreamliner Purchase| Investor’s Business Daily
Shares of United Airlines (UAL) reported $12.4 billion in fourth quarter revenue after market close on Tuesday. The number topped FactSet estimates of $12.2 billion. Earnings per share of $2.46 also b...
Jim Cramer Doesn’t Mince Words After Goldman Sachs Earnings
Goldman Sachs (GS) – Get Free Report had a rough fourth quarter to say the least. Profit dropped 66% from a year earlier, falling short of analysts’ expectations. CNBC commentator Jim Cramer di...
10 simple investments that can turn your portfolio into an income dynamo
Many people are good at saving up money for retirement. They manage expenses and build up their nest eggs steadily. But when it comes time to begin drawing income from an investment portfolio, they mi...
United Airlines (UAL) earnings Q4 2022
United Airlines‘ fourth-quarter profit and outlook for early 2023 topped Wall Street estimates thanks to strong travel demand and high fares. Consumers’ appetite for air travel and willing...
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Morgan Stanley MS earnings Q4 2022
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley reported fourth-quarter ear...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Goldman Sachs fourth quarter results are coming — what the Street expects
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael...
Tesla’s Profits Are at Risk From Price Cuts. It Could Get Bad.
Tesla is cutting its prices, so Wall Street is lowering its forecasts for earnings, fearing profit margins will be decimated. That makes 2023 a scary time for investors in the electric-vehicle company...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
US debt limit, Netflix, Goldman earnings and Davos top week ahead
This week will be a busy one for investors with major earnings reports from some of the world’s largest banks on tap, this as major world leaders and CEOs gather in Davos for the World Economic ...
‘Avatar’ Sequel Continues To Dominate As It Edges Towards $2 Billion Worldwide Earnings
Topline Avatar: The Way Of Water led the domestic box office charts for the fifth consecutive weekend, earning an estimated $38.5 million in U.S. sales from Friday to Monday, according to Box Office M...
Bank of America Releases Better than Expected Q4 Earnings Report
In the released earnings report, Bank of America recorded a net income of $3.6 billion for the fourth quarter while client balances stayed flat at $1.6 trillion. American multinational investment bank...
Citigroup, Target, Lennar, and 2 More Companies Keeping Their Dividends Steady
PPL, a utility based in Allentown, Pa., said this week that it plans to raise its next quarterly dividend by 7%. It was an otherwise light stretch for such announcements among large U.S. companies. PP...
Stock Market Investing Action Plan: Netflix, Schlumberger Earnings; Will Oil Top $80?
The stock market showed modest signs of rising strength as the young uptrend gained a dash of momentum. Industrials and materials stocks continue to gather strength, and oil prices are back near the u...
Caterpillar stock rises to 4th straight record after BofA analyst becomes top bull on Wall Street
Shares of Caterpillar Inc. rallied Friday to a fourth straight record close, after BofA Securities analyst Michael Feniger turned bullish on the belief that the construction- and mining-equipment make...
Bank of America’s Subramanian says S&P 500 earnings risk a 10% drop in 2023
“ ‘We are likely to see some downward revisions [to earnings] and our forecast for profits growth for 2023 is $200 for the S&P 500. That would mean about a 10% decline in earnings peak to trough.’...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
First Signs of Recession Pain Look Set to Emerge from Earnings
(Bloomberg) — Just as investors are celebrating the prospect of peak inflation and potential for a soft landing, this earnings season is likely to show there’s still plenty that should keep them...
Wait before trading on company earnings
CNBC’s Jim Cramer on Friday warned investors not to make trading decisions fresh off a company’s earnings report. Stocks made a comeback on Friday after falling initially on quarterly earn...
P&G earnings: Sales are set to fall for the first time in 5 years as higher prices take a toll
Procter & Gamble Co. can be expected to beat expectations, as it usually does, when it reports fiscal second-quarter earnings later this week, but investors can assume that continued price increas...