Tag: earnings

November 7, 2022

Berkshire Hathaway’s insurance business recorded an after-tax underwriting loss of $962 million (a pre-tax loss of $1.15 billion) in the third quarter, a decrease of $178 million from 2021, as catastrophe losses and increases in private-passenger auto frequency offset underlying […]

October 10, 2022

Wall Street expects a year-over-year decline in earnings on higher revenues when Bank of America (BAC) reports results for the quarter ended September 2022. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor […]

March 4, 2021

Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared […]

July 16, 2020

Bank of America on Thursday posted second-quarter earnings that were bolstered by stronger-than-expected bond trading and investment banking revenue. The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected […]

April 19, 2019

Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut. Amazon, Boeing, Microsoft and ExxonMobil are among more […]

July 16, 2018

U.S. stock futures traded little changed Monday, with investors looking to a fresh round of quarterly results to help steer trading following last week’s uptrend that took equity benchmarks to their highest levels in weeks despite rising geopolitical worries. A […]

July 11, 2018

The second-quarter earnings season will kick off in earnest on Friday, when three of the nation’s biggest banks report, and analysts are expecting somewhat of a repeat of the first quarter, when the sector chalked up record gains. Against the […]

April 24, 2018

For years, Visa Inc. and Mastercard Inc. were viewed as somewhat indistinguishable, both benefiting from the same gradual shift toward card-based payments. Recently, however, they’ve started to move apart. Mastercard MA, +0.81% shares are up 54% over the past 12 […]

January 12, 2018

Shares of big banks have been on a tear since mid-2017 as investors began to anticipate a better business environment thanks to an improving global economy and business-friendly policies from Washington. But—and there’s always a but with bank earnings, it […]

May 2, 2016

American Savings Bank, F.S.B. (American), a wholly-owned indirect subsidiary of Hawaiian Electric Industries, Inc. (HEI) (NYSE – HE), today reported net income of $12.7 million for the first quarter of 2016 compared to $15.0 million in the fourth (or linked) […]

April 20, 2016

U.S. Bancorp (NYSE: USB) today reported net income of $1,386 million for the first quarter of 2016, or $0.76 per diluted common share, compared with $1,431 million, or $0.76 per diluted common share, in the first quarter of 2015. Highlights […]

April 12, 2016

Earnings from the nation’s big banks are likely to be pretty terrible, threatening the fragile confidence that has underpinned the market’s recent rally. First-quarter profits will likely miss forecasts at both banking giants like Bank of America (BAC – Get […]