Editor's note: Check back shortly for a full look at our earnings analysis. Wells Fargo extended its recent winning streak to six straight sessions Friday despite missed expectations on third-quarter revenue. Investors focused instead on the bank running leaner and generating better-than-expected profitability. Total revenue for the three months...
Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. The news BlackRock shares surged to a record high Friday after the firm posted third-quarter earnings that crushed analysts' expectations, yet again. Management also...
Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. Here's what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG:Adjusted earnings per share: $1.52 vs. $1.28 expectedRevenue: $20.37 billion versus $20.42 billion expectedShares of the bank...
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening...
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerTom Brenner | ReutersFalling interest rates are usually good news for banks, especially when the cuts aren't a...
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street...
A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Richard A. Brooks | Afp | Getty ImagesJapanese convenience retailer Seven & i Holdings slashed its earnings forecasts and pressed ahead with restructuring plans that include spinning off non-core businesses into...
Brand new GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC on July 02, 2024 in Richmond, California.Justin Sullivan | Getty ImagesDETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said...
A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022.Beata Zawrzel | Nurphoto | Getty ImagesPepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.Shares of the company fell...
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter.In guidance released...