Wells Fargo shares fall as quarterly revenue misses estimates on weaker-than-expected mortgage lending
Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
Citigroup topped first-quarter profit and revenue estimates helped by better-than-expected trading results.
Morgan Stanley saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets.
On Wednesday, the fashion rental platform reported fiscal fourth-quarter revenue ahead of analysts' estimates along with a narrower-than-expected loss.
Bed Bath & Beyond is in the middle of a turnaround effort and has been under pressure from an activist investor.
JPMorgan said Wednesday that first-quarter profit fell because of increased costs tied to bad loans and market upheaval caused by the Ukraine war.
Delta said it expects a pretax profit in the second quarter and that it will restore capacity to 84% of 2019 levels.
Levi Strauss sold more of its jeans and T-shirts at higher price points, often directly to consumers.
Walgreens, which saw strong sales during the winter quarter, maintained its outlook for the year.