Tag: Earnings

Bank of America Tops Fourth-Quarter Profit Estimates

Bank of America released fourth-quarter earnings Tuesday exceeding analysts’ estimates for profit while revenue fell short. The bank has pledged to buyback $2.9 billion worth of shares this quarter. Shares fell 1.4% to $32.55 in pre-market trading.

Citigroup Surpasses Profit Forecasts For Fourth-Quarter, Misses Revenue

Citigroup released fourth-quarter results Friday reporting profit higher than analysts predicted while revenues were below expectations. Shares fell by 4% to $66.11 after the results.

Foot Locker Posts Third Quarter Earnings, Surpasses Investors Forecasts

Foot Locker posted higher than expected earnings of $1.21 per share for the third quarter ending on November 1 as compared to investors’ forecast of 63 cents per share.

Interest rates are rising, a bad sign as the economy slides toward recession

The Fed is throwing all of its fire power at markets, and yet interest rates continue to rise, a troubling sign when the economy looks set to slow down dramatically.Markets continue to swing violently with the Dow losing another 6.2% Wednesday; oil plunging 24%,...

Tencent investors weigh up impact on the tech giant

A pedestrian walks past Tencent Holdings's headquarters in Shenzhen, China.Qilai Shen | Bloomberg | Getty ImagesShares of Chinese technology giant Tencent seesawed on Thursday as analysts assessed the company's mixed earnings results as well as the potential impact of the coronavirus outbreak.Hong Kong-listed shares...

Even with $1 trillion stimulus, hit to economy and employment will be big

A bar sits closed in the early evening in Brooklyn after a decree that all bars and restaurants shutdown by 8 pm in New York City as much of the nation slows and takes extra precautions due to the continued spreading of the coronavirus...