Latest Earnings News

Big bank quarterly results show signs of consumers slowing down spending

Jul. 12, 2024 11:23 AM EDT

NEW YORK (AP) — Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the big banks on Friday. JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards. The major...

Citigroup: Q2 Earnings Snapshot

Jul. 12, 2024 08:15 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported second-quarter profit of $3.22 billion. The bank, based in New York, said it had earnings of $1.52 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts...

Wells Fargo: Q2 Earnings Snapshot

Jul. 12, 2024 06:56 AM EDT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Friday reported second-quarter earnings of $4.91 billion. The bank, based in San Francisco, said it had earnings of $1.33 per share. The results beat Wall Street expectations. The average...

Unity Bancorp: Q2 Earnings Snapshot

Jul. 12, 2024 06:20 AM EDT

CLINTON, N.J. (AP) — CLINTON, N.J. (AP) — Unity Bancorp Inc. (UNTY) on Friday reported net income of $9.5 million in its second quarter. The Clinton, New Jersey-based bank said it had earnings of 93 cents per share. The bank holding company posted revenue of $40...

Costco, Delta Air Lines fall; QuantumScape, MicroStrategy rise, Thursday, 7/11/2024

Jul. 11, 2024 16:18 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Costco Wholesale Corp., down $37.72 to $846.59. The warehouse club operator is raising its membership fees for the first time in seven years. Citigroup Inc.,...

Bank7: Q2 Earnings Snapshot

Jul. 11, 2024 08:51 AM EDT

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Bank7 Corp. (BSVN) on Thursday reported second-quarter net income of $11.5 million. The Oklahoma City-based bank said it had earnings of $1.23 per share. The company posted revenue of $35.6 million in the period. Its...

Bank of South Carolina: Q2 Earnings Snapshot

Jul. 11, 2024 08:45 AM EDT

CHARLESTON, S.C. (AP) — CHARLESTON, S.C. (AP) — Bank of South Carolina Corp. (BKSC) on Thursday reported second-quarter earnings of $1.8 million. The bank, based in Charleston, South Carolina, said it had earnings of 32 cents per share. The bank holding company...

Amazon, Macy's rise; Robinhood Markets, APA fall, Friday, 7/5/2024

Jul. 05, 2024 16:24 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Amazon.com Inc., up $2.41 to $200. The online retail giant will hold a minority stake in the company resulting from HBC's buyout of Neiman Marcus Group. Macy's...

Constellation Brands: Fiscal Q1 Earnings Snapshot

Jul. 03, 2024 07:44 AM EDT

VICTOR, N.Y. (AP) — VICTOR, N.Y. (AP) — Constellation Brands Inc. (STZ) on Wednesday reported fiscal first-quarter profit of $877 million. The Victor, New York-based company said it had net income of $4.78 per share. Earnings, adjusted for non-recurring gains, were $3.57 per...

Walgreens, International Paper fall; McCormick, Apogee rise Thursday, 6/27/2024

Jun. 27, 2024 16:43 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Walgreens Boots Alliance Inc., down $3.47 to $12.19. The drugstore chain cut its earnings forecast for the year. McCormick & Co., up $2.93 to $70.60. ...