Markets

Goldman Sachs just had a blowout 4th quarter thanks to its investing business

Goldman Sachs handily beat earnings and revenue expectations during the fourth quarter. Goldman Sachs announced fourth-quarter results Wednesday morning and handily beat earnings expectations. The bank posted earnings of $US6.04 a share, compared with analyst expectations of $US4.53 a share, in the first quarter of results for the firm’s new […]
Goldman Sachs just had a blowout 4th quarter thanks to its investing business
Markets

JPMorgan just posted its worst bond trading results since the financial crisis

JPMorgan’s fourth-quarter results missed estimates on lighter-than-expected corporate and investment banking revenue and expenses that came in slightly higher than analysts’ average estimate. Bond trading was particularly bad, with the bank posting the worst results since the end of 2008. Its rival Citi, which reported on Monday, beat earnings expectations. […]
JPMorgan just posted its worst bond trading results since the financial crisis
Tech

Netflix’s 3rd-quarter earnings blow through Wall Street’s expectations

Netflix’s third-quarter earnings crushed Wall Street’s expectations thanks to a surge in subscribers, but the streaming-media giant warned investors that the costs of developing original content will take a bite out of its profit at the end of the year. Netflix added 6.96 million new subscribers in Q3, well above […]
Netflix’s 3rd-quarter earnings blow through Wall Street’s expectations
Markets

US Bank earnings are over — here’s a scorecard of how JPMorgan, Goldman Sachs, Citi, Morgan Stanley, and Bank of America stacked up

Third-quarter earnings at the big US banks are over. Now that the dust has (ever-so slightly) settled, how did the big-five US investment banks stack up against each other? Opimas, a capital markets consulting firm, has released a scorecard showing how much individual investment banking business lines – strategic advisory, […]
US Bank earnings are over — here’s a scorecard of how JPMorgan, Goldman Sachs, Citi, Morgan Stanley, and Bank of America stacked up
Markets

Bank of America beats expectations as quarterly profits soar 32%

Bank of America Merrill Lynch reported third-quarter earnings Monday, beating expectations with adjusted earnings per share of $US0.66, a 43% increase from last year. Analysts had expected the bank to report adjusted earnings per share of $US0.62. The bank also reported profits of $US7.2 billion – a 32% increase over […]
Bank of America beats expectations as quarterly profits soar 32%
Markets

Citi beats, profits jump 12%

Citigroup reported third-quarter earnings of $US1.73 per share, beating analyst expectations. Citigroup announced third-quarter earnings results Friday, reporting adjusted earnings of $US1.73 per share, a 22% increase from last year. Analysts had expected $US1.68 a share. The beat was driven by the lower corporate tax rate, lower expenses, and a […]
Citi beats, profits jump 12%
Markets

Nike tanks after earnings as gross margins miss expectations

Nike‘s fiscal first-quarter earnings and revenue topped analysts’ expectations as the company’s efforts to sell more products directly to consumers paid off. But gross margin, which reflects the share of revenues Nike keeps after factoring in the cost of sales, missed expectations, sending the stock down in after-hours trading. Nike […]
Nike tanks after earnings as gross margins miss expectations
Markets

Walmart is surging after earnings crush Wall Street expectations

Walmart beat Wall Street’s earnings expectations on Thursday, nearly doubling the forecasted same-store sales growth rate. E-commerce grew 40% over the same period a year ago. Shares rose more than 10% in early trading Thursday following the release. Follow Walmart’s stock price in real-time here. Shares of Walmart surged more […]
Walmart is surging after earnings crush Wall Street expectations
Markets

US Steel is tumbling after third-quarter earnings guidance misses expectations

US Steel shares are tumbling on Thursday after the company provided guidance for third-quarter earnings that was weaker than analysts had expected. Second-quarter earnings topped forecast, initially sending the shares higher in after-hours trading on Wednesday. Watch US Steel trade in realtime here. US Steel shares are tumbling on Thursday, […]
US Steel is tumbling after third-quarter earnings guidance misses expectations
Markets

McDonald’s beats on earnings even as US sales growth slows

McDonald’s beat expectations for its second-quarter earnings and revenue, thanks in part to price increases. US comparable sales, at stores open for at least one year, fell short of analysts’ expectations. McDonald’s recently expanded its delivery offering and has introduced new tech including self-order kiosks to modernise its stores. Watch […]
McDonald’s beats on earnings even as US sales growth slows
Markets

Facebook sinks after revenue and active users miss forecasts

Facebook shares sank by as much as 12% in after-hours trading on Wednesday after the company reported revenues and user metrics that fell short of analysts’ expectations. Facebook’s second-quarter revenues totaled $US13.23 billion, lower than analysts’ forecast for $US13.33 billion according to Bloomberg. It was the first time since 2015 […]
Facebook sinks after revenue and active users miss forecasts
Markets

Equity traders are crushing it as big banks celebrate a huge six months

Wall Street banks have followed up their stellar 2018 debut in stock trading with another robust performance in equities in the second quarter. JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch all saw strong second-quarter earnings in the past week, with each reporting a second consecutive standout performance from […]
Equity traders are crushing it as big banks celebrate a huge six months
Markets

‘You want to own this stock ahead of earnings,’ Netflix analyst says

Netflix could be a good stock to own before just before earnings, analyst Craig Huber of Huber Research Partners told Business Insider. The video-streaming giant reports second-quarter earnings Monday. Netflix has beaten analyst expectations consistently this year, and could do so again. Its stock is up by more than 100% […]
‘You want to own this stock ahead of earnings,’ Netflix analyst says
Markets

Bank of America beats, profits climbs 33%

Bank of America Merrill Lynch announced second-quarter adjusted earnings of $US0.63 a share Monday morning, a 43% jump from last year. Analysts had expected adjusted earnings of $US0.57. Here are the key numbers: Revenue: $US22.6 billion, down from Q2 2017 revenue of $US22.8 billion, which included a $US793 million pretax […]
Bank of America beats, profits climbs 33%
Markets

Citi profit rises 16% in second quarter

Citigroup reported second quarter earnings results Friday morning. The bank reported adjusted earnings of $US1.63, up 27% from year-ago period Here’s the rest of the earnings: Revenue: $US18.5 billion, up 3.5% from 2017 Net income: $US4.5 billion, up 16% Markets: Trading revenues decreased 1% to $US4.5 billion, as a strong […]
Citi profit rises 16% in second quarter
Markets

Nike surges after beating on earnings and announcing $15 billion in buybacks

Nike topped analysts’ expectations for its fiscal-fourth-quarter earnings and revenue. The results were lifted by new-product launches and a return to sales growth in North America after three straight quarters of declines. The company also announced a $US15 billion buyback program of its class B shares to be completed over […]
Nike surges after beating on earnings and announcing $15 billion in buybacks