Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
Archiv für den Monat: Januar 2024
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank’s share price.
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America’s net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.
BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.
Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank’s share price.
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan is watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America’s net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.
Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast
Delta is the first of the major U.S. carriers to report earnings this period.