Bank of America shares jump after lender tops analysts’ estimates on better-than-expected credit
Bank of America's moves are in contrast to rival JPMorgan Chase, which disclosed last week that it took a $1.46 billion provision for credit losses.
Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatility
Goldman seems to have exceeded other Wall Street firms in benefiting from the sudden market upheaval caused by the Ukraine conflict.
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.
Citigroup tops earnings estimates on better-than-expected trading revenue
Citigroup topped first-quarter profit and revenue estimates helped by better-than-expected trading results.
Morgan Stanley earnings top estimates fueled by trading revenue gains
Morgan Stanley saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets.
Rent the Runway CEO sees inflation as a competitive advantage for the company
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 warns of slowing consumer demand after posting weak holiday-quarter results
Bed Bath & Beyond is in the middle of a turnaround effort and has been under pressure from an activist investor.
JPMorgan Chase reports $524 million hit from market dislocations caused by Russia sanctions
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 forecasts a quarterly profit as travelers keep flying despite higher fares, helping offset surging fuel costs
Delta said it expects a pretax profit in the second quarter and that it will restore capacity to 84% of 2019 levels.