The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
Category: Company Reports
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Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
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Bank of America Reports Big Jump in Profit on Higher Interest Rates
One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
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Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”
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JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
It was another quarter of banner financial results for the largest lender in America.
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Investors Look for Reasons the Market Could ‘Grind Higher’
Companies are expected to report a fall in profits, but some analysts see brighter times ahead.
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PepsiCo Reports Big Jump in Profit After Price Increases
The maker of Gatorade and Lay’s, which nearly doubled its profit in its latest quarter, has been raising prices by double-digit percentages for more than a year.
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Ford’s U.S. Sales Rose 10% in the Second Quarter
The automaker saw a big jump in deliveries of pickup trucks as demand from consumers and businesses remained strong.
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G.M.’s Sales Jumped 19% in the Second Quarter
The biggest U.S. automaker sold more trucks and sport-utility vehicles as supply chain problems eased and demand remained strong.
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Tesla Sales Surge as Tax Credits Fuel Demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
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Tesla Sales Surge as Tax Credits Fuel Demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.