Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...
Tag: Earnings
Citigroup Reports Earnings Friday. What to Expect.
Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had ...
MS (Morgan Stanley) earnings 3Q 2022
Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley is set to report ...
Exxon Stock Builds Base As Conflict In Ukraine Rages; Q3 Earnings Report Due This Month
Exxon Mobil (XOM) is building a base as it approaches third-quarter earnings in the midst of inflamed oil prices. This Big Cap 20 oil giant is a stock to watch. X Exxon stock is forming a consolidatio...
JPMorgan Report Earnings Today. What to Expect.
JPMorgan Chase will kick off the third-quarter profit-reporting for the big banks on Friday, and Wall Street is looking ahead to the numbers with tempered expectations. Speaking at a CNBC conference t...
Loan loss reserves will be ‘a drag on overall bank earnings,’ JPM strategist says
U.S. banks are poised for another lackluster earnings season as market turmoil dries up dealmaking activity, but lower investment banking revenues aren’t the only culprit of this year’s shrinking prof...
Walgreens (WBA) Q4 2022 earnings
Walgreens Boots Alliance on Thursday exceeded fiscal fourth-quarter sales expectations, as the drugstore chain turns itself into a more health-care focused company. The drugstore chain said it anticip...
Digital World, Domino’s, Revlon, Albertsons and more
Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The...
LeBron James Keeps Pushing Up The Earnings Record
Players are making more than ever on and off the court, and basketball’s booming business means their pay should continue rising. Having piled up four NBA championships and four MVP Awards—not to ment...
Delta Air Lines (DAL) earnings 3Q 22
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. James D. Morgan | Getty Ima...
Domino’s Pizza (DPZ) reports Q3 2022 earnings
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza reported mixed third-quarter results Thursday ...
BlackRock (BLK) beats earnings – stock remains flat in premarket
BlackRock (NYSE: BLK) released its Q3 2022 earnings report on October 13, beating analysts’ expectations on the top and bottom lines. In essence, the firm showed revenues of $4.31 billion, a -14.7% ye...
BlackRock (BLK) beats earnings report
BlackRock (NYSE: BLK) released its Q3 2022 earnings report on October 13, beating analysts’ expectations on the top and bottom lines. In essence, the firm showed revenues of $4.31 billion, a -14.7% ye...
TSMC Reports Record Profit, Gains Exemption From U.S. Chip Curbs on China
Taiwan Semiconductor Manufacturing Co. said that its third-quarter net profit rose 80% to a new record, and that it had been granted a one-year exemption from new U.S. restrictions on China’s chip sec...
Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter. The chipmaker said earnings rose ...
For IndiGo’s Bhatias, Rising Fuel Costs Crimp Earnings At Their No-Frills Carrier Even As Passengers Return In Droves
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Rahul Bhatia Rajat Ghosh for Forbes This story is part of Forbes’ coverage of India’s Richest 2022. See the full l...
Dow Jones Reverses On Hot Inflation Data; Fed Minutes Next; PepsiCo Jumps On Earnings
The Dow Jones Industrial Average reversed higher Wednesday despite hot inflation data from the producer price index. Minutes from the Federal Reserve’s latest policy meeting are due out later in...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Digital World, Victoria’s Secret and more
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines after-hours. Digital World — Th...
PepsiCo (PEP) reports Q3 earnings
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo hiked its forecast for the year Wednesday morning after reporting third-quarter earnings and rev...
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, according to a repor...
Taiwan Semiconductor Stock Is Struggling Ahead of Earnings
Taiwan Semiconductor Manufacturing Co. Ltd (TSM) , the world’s leading manufacturer of semiconductor chips is on many investors’ minds these days for several reasons. The company is set t...
American Airlines raises revenue forecast after strong summer travel season
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines said Tuesday that its third-quarter sales likely came in better than it previously e...
This industry could be worth $180 billion by 2040. Citigroup offers four stock names to play it, and a few more to think about.
Investors are bracing for some choppiness on Wall Street, with oil prices falling as growth worries rattle around the globe. That’s as the clock ticks down to CPI and the start of a earnings season la...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...
Earnings Are Looking Bad. But What’s Coming Could Be Even Worse
(Bloomberg) — Wall Street is bracing for a rough earnings season as macroeconomic issues weigh on profit margins. But even if third-quarter results aren’t so bad, the bigger fear is what Corpora...
Ford, General Motors, Rivian and more
Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – UBS downgraded both automakers, cutting Ford to “sell” from “neutral” and downgradin...
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...