Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations.
Kategorie-Archiv: CNBC Financial News
Stocks making the biggest moves premarket: Bank of America, BlackRock, Delta, Peloton and more
These are the stocks posting the largest moves before the bell.
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans
While Citi topped expectations for revenue, the figure declined 12% from a year earlier.
Bank of America shares fall after low interest rates squeeze second-quarter revenue
Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.
Wells Fargo profit tops expectations with boost from release of money set aside for loan losses
Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations.
Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return
Delta’s quarterly report came in better than Wall Street estimates as travelers returned and federal aid drove it to its first profit since 2019.
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans
While Citi topped expectations for revenue, the figure declined 12% from a year earlier.
Bank of America shares fall after low interest rates squeeze second-quarter revenue
Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.
Op-ed: Stablecoin is the future of virtual payments. How wise regulation can foster its growth
Stablecoins, which are pegged to an underlying asset, can shake up the virtual payments industry – if regulation allows it to grow.
Earnings season starts with sky-high stock prices and soaring expectations
On paper, second-quarter earnings season looks like the mother of all earnings reports, with estimates having risen steadily for the past six months.