Category: Industries

January 20, 2021

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a […]

January 20, 2021

Bank of New York Mellon (BK) – Get Report shares fell on Wednesday after the banking company reported declines in fourth-quarter earnings and revenue that stemmed from low interest rates. Net income fell to $755 million, or 79 cents a […]

January 19, 2021

The U.S. is a tale of two real estate markets right now. In two-thirds of the country, buying a home is more affordable than renting. But the opposite is true in the most populous metropolitan areas. That’s according to ATTOM […]

January 19, 2021

Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities traders and investment bankers. The bank posted earnings of $12.08 a share, crushing the $7.47 estimate of analysts surveyed by Refinitiv. […]

January 15, 2021

Goldman Sachs (GS) – Get Report will take over General Motors’ (GM) – Get Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the […]

January 15, 2021

JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]

January 14, 2021

The overall stock market was fabulous last year, but as investors focused on climate change, renewable energy stocks did even better. Consider that while the SPDR S&P 500 Exchange-Traded Fund Trust, which tracks the benchmark S&P 500, returned 18.37 percent […]

January 13, 2021

Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy holiday at home during the pandemic. While online sales remained robust, shoppers also visited Target’s stores […]

January 11, 2021

Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays. The retailer’s stock was up […]

January 7, 2021

Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped by stronger-than-expected pharmacy sales. Walgreens shares were up about 3% in premarket trading. Here’s what Walgreens reported compared with what analysts were expecting for the first […]