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BlackRock delivers earnings beat that proves recent sellers of the stock wrong
BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended…
Wells Fargo shares surge post-earnings as Wall Street wisely focuses on the big picture
Wells Fargo shares rallied Wednesday after the bank delivered better-than-expected earnings for the fourth quarter. While the reported numbers were solid, an upbeat outlook for 2025 stole the show. Total revenue for the three months…
UnitedHealth’s quarterly revenue misses on weakness in insurance unit
The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.Mike Blake | ReutersUnitedHealth's fourth-quarter revenue missed Wall Street estimates on weakness in its health…
Here’s what it will take for Apple to get out of its 2025 funk
Apple stock should get better, but not quite yet. The news Evercore ISI added Apple to its tactical outperform list on Friday — one session after the stock had its worst performance since early August on reports showing iPhone softness…
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley on Thursday topped estimates for fourth-quarter earnings and…
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor…
Bank of America tops estimates on better-than-expected investment banking, interest
Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income.Here's what the company reported:Earnings: 82 cents vs. 77 cents expected,…
Shares of Cartier owner Richemont jump 17% as sales rise in December quarter
Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France.Bloomberg | Bloomberg | Getty ImagesShares of Cartier owner Richemont jumped on…
Goldman backs up our bank stock shuffle with strong earnings, upbeat M&A outlook
Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22%…
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
Citigroup shares jumped Wednesday after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank."2024 was a critical year and our results show our strategy is delivering as intended…