Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning. BoA...
Netflix’s first quarter earnings results showed the highest net additions of subscribers measured on a quarterly basis at 9.6 million new subscribers, up 8 percent year on year. That came in above the 8.9 million that had been expected. Get the Full Story Complete the...
Continuing at least some of the trends seen across banks as earnings season picks up traction, Goldman Sachs posted first quarter results Monday (April 15) that showed some drag on traditional Wall Street trading and management activities, but renewed focus and strength in consumer initiatives,...
While investors were ultimately bucked up by a buyback, results were missed when Citigroup reported earnings earlier on Monday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. Get the Full Story...
Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. Revenue came in at $21.609 billion, ahead of the $21.012 billion forecast, while earnings was $1.20 per share, well above the $1.09 analysts had been...
Earnings for U.S. banks kick off this week, with analysts expecting earnings in the first quarter to contract, marking the first time in three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Amid a competitive landscape that is intensifying along with margin pressures, drugstore chain Walgreens Boots Alliance Inc. missed earnings estimates for the fiscal second quarter that ended Feb. 28. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due...
