Category: Capital

April 30, 2019

Samsung is confident of a turnaround in the second half of 2019 after, as expected, it posted a 60 per cent drop in operating profit for the first quarter. The company had warned investors earlier in the month that results […]

April 22, 2019

Chinese technology firm Huawei released its quarterly financials for the first time ever, stating its first quarter revenue rose 39 percent to 179.7 billion yuan ($26.81 billion). Huawei is based in Shenzen, China, and is the world’s biggest telecoms equipment […]

April 17, 2019

Spring earnings season is in full swing, and investors are getting a clearer look at their favorite stock’s true market position. So far, we’ve seen Goldman Sachs (GS – Get Report) shares take a beating after missing revenue expectations by […]

April 12, 2019

JPMorgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from the Federal Reserve’s December rate hike. “We had record revenue and net income, strong performance across each of our major businesses and a […]

March 14, 2019

About a fifth of Americans have no money tucked away for unexpected costs. About 21% of working Americans said they aren’t saving any money at all, Bankrate found in a survey. Among those who are saving, a majority are putting […]

February 13, 2019

Last month, Wall Street’s major banks celebrated robust quarterly earnings virtually across the board. Even before Morgan Stanley disclosed comparatively disappointing numbers, the likes of Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Wells Fargo combined to report […]

February 5, 2019

Two years into Donald Trump’s presidency, the man who has profited most from the era is his foremost nemesis in the business world, Amazon.com Inc. founder Jeff Bezos. Trump has repeatedly vilified Bezos, threatening his company with tax increases, antitrust […]

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 […]