Company Reports – Page 28

Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.

By Jack Ewing

Banking and Financial Institutions Company Reports Goldman Sachs Group Inc Solomon, David M

Goldman Sachs Sticks the Landing at End of Tumultuous Year

The Wall Street bank earned $2 billion in the fourth quarter, beating expectations, after a period marked by management missteps.

By Rob Copeland

Bank of America Corporation Banking and Financial Institutions Citigroup Inc Company Reports Deposit Insurance Dimon, James Federal Deposit Insurance Corp JPMorgan Chase & Company Moynihan, Brian T United States Economy Wells Fargo & Company

JPMorgan Chase, Bank of America and Wells Fargo Earned Billions

JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.

By Emily Flitter and Stacy Cowley

Company Reports Discount Selling Electric and Hybrid Vehicles General Motors Prices (Fares, Fees and Rates) Shortages United States United States Economy

General Motors Reports a 14% Jump in U.S. Auto Sales in 2023

The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.

By Neal E. Boudette

mosaec