Latest Earnings reports News

Bank of America 3Q profits rise 32 percent, beats forecasts

Oct. 15, 2018 9:03 AM EDT

NEW YORK (AP) — Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower corporate tax rates helped it save hundreds of millions on taxes. The Charlotte, North Carolina-based banking giant said...

This Week: Netflix earns, Fed minutes, existing home sales

Oct. 15, 2018 1:05 AM EDT

A look at some of the key business events and economic indicators upcoming this week: CAUSE FOR CONCERN? Wall Street expects another solid quarterly snapshot from Netflix. Financial analysts predict the video streaming service will report Tuesday that its third-quarter earnings and revenue increased versus a year...

What could soothe markets? Solid earnings, economic reports

Oct. 13, 2018 8:06 AM EDT

WASHINGTON (AP) — After a harrowing week for financial markets, investors will look for solid corporate earnings reports and healthy economic news over the next few weeks to calm things down. This week, sharply higher bond yields, fears of faster rate hikes, and the prospect of a long trade war between the...

What could soothe markets? Solid earnings, economic reports

Oct. 12, 2018 6:36 PM EDT

WASHINGTON (AP) — After a harrowing week for financial markets, investors will look for solid corporate earnings reports and healthy economic news over the next few weeks to calm things down. This week, sharply higher bond yields, fears of faster rate hikes, and the prospect of a long trade war between the...

Citigroup profit rises to $4.6 billion, beats Street views

Oct. 12, 2018 11:43 AM EDT

NEW YORK (AP) — Citigroup said Friday that its third-quarter profits rose 12 percent from a year earlier, as the banking conglomerate was able to cut expenses and benefited from lower taxes. That was more than enough to make up for a small drop in revenue. The New York-based bank earned $4.62 billion in...

Driven by higher interest rates, JPMorgan profits rise

Oct. 12, 2018 11:19 AM EDT

NEW YORK (AP) — JPMorgan Chase & Co. said Friday that its third-quarter profits rose by 24 percent from a year ago, helped by a lower tax bill and higher interest rates, which allowed it to charge more for loans to consumers and businesses alike. That was enough to make up for a less-than-stellar...

Wells Fargo's profit rises to $6 billion in latest quarter

Oct. 12, 2018 10:18 AM EDT

Wells Fargo, still haunted by multiple scandals, reported higher earnings in the third quarter Friday but still fell short of what analysts were looking for. Wells saw its earnings jump to $6 billion from $4.5 billion in 2017's third quarter, although last year the bank had to set aside $1 billion for legal...

Can earnings season come to the rescue for stocks?

Oct. 11, 2018 3:29 PM EDT

NEW YORK (AP) — The last time the stock market was falling this much , this fast, earnings season helped come to the rescue. Stocks swooned in March. Then a parade of companies lined up to report profits that were even fatter than Wall Street had forecast, which helped turn momentum and get stocks back on...

Delta profits soar as demand drives ticket prices higher

Oct. 11, 2018 2:08 PM EDT

Airlines have been pouring money into amenities that making flying nicer for high-paying customers while economy-class passengers endure cramped quarters and higher fees for extra services. That strategy might anger budget travelers, but it makes sense for the airlines, judging from Delta's latest financial...

Asian shares mostly fall on weak Japan data, US-China trade

Oct. 3, 2018 12:20 AM EDT

SINGAPORE (AP) — Asian markets are mostly lower on jitters over the simmering U.S. trade dispute with China. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.8 percent to 24,088.63. Hong Kong's Hang Seng fell 0.4 percent to 27,017.75 after closing at a two-week low on Tuesday. Australia's S&P/ASX 200...