Wells Fargo shares fall 2% after fourth-quarter profits, sales miss estimates
Though bank stocks have performed well recently, Wells Fargo investors will look to earnings for any sign it could catch up to its peers.
Though bank stocks have performed well recently, Wells Fargo investors will look to earnings for any sign it could catch up to its peers.
Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal.
Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year.
Citigroup is slated to report its calendar fourth-quarter results on Tuesday as investors brace for a highly anticipated earnings season.
When Mehdi Farsi decided to shift production of State Bicycle Co's niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.
China's yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
PSA's German unit Opel on Tuesday said it was ruling out forced redundancies until July 2025 - extending its guarantee by two years - but was re-opening a voluntary leave program for older employees that would be limited to 2,100 jobs.
JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.
Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines' 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand.
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months.
Wells Fargo says fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results.
Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted in part by customers it gained from rival airlines' 737 MAX cancellations and growing air travel demand.
Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses.
Citigroup reported quarterly results that beat expectations, driven by strong fixed-income trading revenues.