Wells Fargo shares fell on Friday even after fourth-quarter profit rose from last year, as the bank warned that net interest income for 2024 could be significantly lower year-on-year. Here’s what the bank reported versus what Wall Street expected, based on a survey of analysts at LSEG, formerly known as Refinitiv: · Revenue: $20.48 billion … Read more
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during a U.S. Senate Banking, Housing and Urban Affairs Committee hearing on Wall Street firms on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters American bank reported fourth-quarter results before Friday’s opening bell. Here’s what the company announced compared to what … Read more
Delta Air Lines closed the year by doubling its quarterly profit as demand for travel, especially international travel, helped drive record revenue in 2023. CEO Ed Bastian said continued strong travel demand could boost earnings this year. Still, the company cut its full-year profit outlook from a previous forecast, and shares fell 9% on Friday, … Read more
A view of stranded boats on Lake Alhajuela during the summer drought in Colon province, 50 km north of Panama City, Panama, April 21, 2023. Lake Alhajuela is one of the main lakes that supplies water to the Panama Canal locks and is at its lowest level since last years. Luis Acosta | Afp | … Read more
Jane Fraser CEO, Citi, speaks at the Milken Institute 2023 Global Conference in Beverly Hills, California, on May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that the charges associated with the drop in the Argentine peso as well as the bank’s reorganization were much higher than the company’s chief financial officer … Read more
People carry shopping bags when they visit a department store during the New York holiday season. Eduardo Munoz | Reuters According to the CNBC/NRF Retail Monitor for December, retailers posted solid gains last month to close out the holiday season. But the data also show that the true state of consumer spending is now being … Read more
Honda Sedan Electric Vehicle Concept Courtesy of Honda Honda engine unveiled two concept cars Tuesday at the CES technology conference as a preview of a new line of electrified vehicles that will begin arriving in North America in 2026. The concept models are called “Space-Hub” and “Saloon”, which the Japanese automaker says will be the … Read more
NAR President Tracy Kasper. Courtesy: NAR The president of the National Association of Realtors said Monday she is resigning over a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she notified the group’s leadership team “that she recently received a threat to disclose a past personal, non-financial matter unless … Read more
The fuselage plug area of the Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during an investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon. , USA on January 7, 2024. NTSB | Via Reuters Boeing has given … Read more