Category: Capital

January 16, 2019

Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank’s shares up more than 3 percent in the premarket. […]

January 15, 2019

JPMorgan Chase & Co. (JPM – Get Report) , the largest U.S. bank, missed analysts’ profit estimates for the first time in four years, as trading revenue fell short of expectations and costs rose for loan-loss reserves. Net income rose […]

January 14, 2019

Citigroup Inc. (C – Get Report) , the third-biggest U.S. bank, posted a fourth-quarter profit that beat analysts’ estimates, with CEO Michael Corbat cutting costs as revenue slid. Net income was $4.3 billion, the New York-based bank said Monday in […]

January 11, 2019

On Saturday, the current government shutdown will become the longest in U.S. history. And with no negotiated end to it in sight, President Trump is reportedly considering alternative methods to secure funding for his border wall — including taking money […]

December 6, 2018

Apple shares have taken a beating of late, and a growing roster of Wall Street analysts say a slowdown in its iPhone cycle is to blame. But the reason for the slowdown may be more straightforward than investors think, according […]

October 12, 2018

J. P. Morgan Chase topped analysts’ expectations for third quarter earnings as better-than-expected retail banking results offset weakness in bond trading. The bank beat expectations for earnings and revenue: J.P. Morgan reported revenue of $27.8 billion, versus the $27.5 billion […]

August 23, 2018

Alibaba reported strong first-quarter revenue growth on Thursday morning as its core e-commerce and fast-growing cloud-computing segments provided a boost. The Chinese e-ecommerce giant said revenue soared 61% year-over-year to 80.9 billion yuan, or about $11.8 billion, edging out the […]

June 14, 2018

The economy has shifted into high gear, with corporate profits surging, bankruptcies and foreclosures tumbling and the national unemployment rate easing to 3.8%, an 18-year low. Americans have become more optimistic, but their personal finances don’t necessarily mirror the economy’s […]

March 26, 2018

Investors have been watching Amazon and Apple in the race to $1 trillion in market capitalization, but Morgan Stanley is betting on Microsoft to reach that milestone in the next 12 months thanks to cloud adoption. “Strong positioning for ramping […]

March 13, 2018

Amazon’s exposure to consumers gives the company the ability to not only interact on many levels with customers, but to also get to know their spending habits and their interests. This data gives the ecommerce behemoth significant clout, and represents […]