Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
Temasek Holdings reported that the net value of its portfolio grew to $286.48 billion at the end of March — surpassing last year's record high.
PepsiCo raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade, even as prices increased.
Levi Strauss second quarter earnings topped analyst estimates.
Samsung's second quarter earnings guidance, which provided relief for investors, helped drag up shares of chipmakers TSMC, UMC and SK Hynix.
The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.
High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue.
The home goods retailer has faced months of challenges, with supply chain woes and pressure from activist investor Ryan Cohen.
Nike posted better-than-expected sales and profit for its fiscal fourth quarter.