Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley is set to report second-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects:Earnings: $1.65 a share, according to...
Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao'an International Airport.Alex Tai | SOPA Images | LightRocket | Getty Images)Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of...
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong.Xaume Olleros | Bloomberg | Getty ImagesShares in Burberry plunged 10% at the market open on Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.Joshua...
Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023.Bloomberg | Bloomberg | Getty ImagesSwatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China.The Swiss-based maker of Tissot,...
The earnings season kicks off in earnest this week, with some of the biggest U.S. banks slated to report. More than 40 S & P 500 names are on deck to post second-quarter results, including Goldman Sachs, Morgan Stanley and Bank of America. Netflix will also release its latest...
We don't like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. U.S. stocks advanced Friday as the S & P 500 rebounded from its worst trading session since late April. The benchmark gauge broke its...
Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City. Michael M. Santiago | Getty ImagesWells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.Here's what the bank did compared to...
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures.Nurphoto | Nurphoto | Getty ImagesEricsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant's revenue declined less than expected in the second quarter.Net sales fell 7%...
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report second-quarter earnings before the opening bell...