A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday said it expects to surpass its pre-pandemic margins by 2023 but warned sales would suffer early this year as the Covid health crisis wears on. United swung to a net loss of $1.9 billion
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Morgan Stanley on Wednesday posted fourth-quarter profit and revenue that exceeded analysts’ expectations on strong trading, investment banking and wealth management results. The firm reported a 51% increase in profit to $3.39 billion, or $1.81 per share. When excluding $189 million in integration costs tied to last year’s E-Trade acquisition, profit was $1.92 per share,
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Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings
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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. Revenue of $11.74 billion exceeded expectations by about $1.75 billion. Shares of the New York-based
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A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
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Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than
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Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup on Friday posted fourth-quarter results that beat analysts’ estimates for profit as the firm joined rival JPMorgan Chase in
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Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $2.62 per share, 2.1% higher than a
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A Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines halved its cash burn in the fourth quarter and expects to be profitable this summer, an upbeat forecast after the coronavirus pandemic drove the airline to its worst year ever. Delta posted a net loss of
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A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market. The number of new leases signed in December jumped
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Alistair Berg | DigitalVision | Getty Images Many jobless workers are about to find out they could owe federal and state taxes on their 2020 unemployment income. The news might be particularly unexpected for independent contractors and self-employed people who normally aren’t eligible for state benefits, but may have received Pandemic Unemployment Assistance through the
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Dwayne “The Rock” Johnson is one of the most successful entertainers in the world. In 2020, for the second year in a row, Johnson, 48, was the highest-paid actor in the world, according to Forbes. (In 2019, he earned $89.4 million, and $87.5 million last year.) He has also become a savvy businessman as the co-founder of Seven Bucks Productions,
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After bitcoin hit a record high of over $41,000 on Friday, it faced a sell-off on Monday – in turn, the value of the entire cryptocurrency market declined by as much as $200 billion. Those cautious about bitcoin warn that bitcoin is a market bubble and are concerned that the cryptocurrency’s recent rally is reminiscent of retail investor
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