Earnings

In this Monday, Oct. 14, 2019 photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, Oct. 16. (AP Photo/Steven Senne)
October 16, 2019 - 4:22 am

Bank of America hit by $2B charge, still tops expectations

CHARLOTTE, N.C. (AP) — Bank of America is reporting a 21% drop in third quarter profits due to a $2 billion impairment charge. The nation's second largest bank reported net income of $5.78 billion, or 56 cents per share. That's better than the per-share projections of 50 cents that Wall Street was...
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Chinese investors react as they monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 16, 2019. Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. (AP Photo/Andy Wong)
October 16, 2019 - 2:30 am

Global shares mixed after solid earnings push Wall St higher

TOKYO (AP) — Global shares were mixed Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. France's CAC 40 was down nearly 0.2% in early trading at 5,691.75. Germany's DAX was unchanged at 12,629.82. Britain's FTSE 100 fell 0.3% to 7,189.08. U.S. shares were...
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FILE - In this Oct. 8, 2019, file photo trader Mark Puetzer, center, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 15. (AP Photo/Richard Drew, File)
October 15, 2019 - 12:32 pm

Stocks march higher following solid earnings reports

Stocks notched solid gains on Wall Street Tuesday as investors welcomed surprisingly good quarterly results from some of the nation's biggest companies. Strong earnings from UnitedHealth Group, JPMorgan Chase and other companies helped lift the market, erasing modest losses from a day earlier...
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FILE- This Nov. 14, 2018, file photo shows Lubriderm, a Johnson & Johnson product, on display at a market in Pittsburgh. Johnson & Johnson reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Gene J. Puskar, File)
October 15, 2019 - 5:02 am

Higher 3Q profit, improved outlook for Johnson & Johnson

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key medicines for cancer and immune disorders and an acquisition-related charge a year earlier. The world's biggest maker of health care products also...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. JPMorgan Chase & Co. reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Matt Rourke)
October 15, 2019 - 4:15 am

JPMorgan Chase 3Q profits up 8%, but loan growth slows

NEW YORK (AP) — JPMorgan Chase & Co. says profits grew by 8% in the third quarter compared with a year earlier, helped partly by higher interest rates and a better-than-expected performance in its investment banking business. The nation's largest bank by assets said it earned $9.08 billion, or...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Jim Mone, File)
October 15, 2019 - 3:17 am

UnitedHealth revenue up 7%, raises annual outook

MINNEAPOLIS (AP) — UnitedHealth is reporting a 7% increase in revenue for the third quarter and it's raising its outlook for the year. The largest U.S. health insurer posted earnings of $3.54 billion, or $3.67 per share. Earnings, adjusted for one-time gains and costs, were $3.88 per share, which...
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FILE - In this June 24, 2019, file photo a Delta Air Lines aircraft makes its approach at Dallas-Fort Worth International Airport in Grapevine, Texas. Delta Air Lines reports earns Tuesday, Oct. 8. (AP Photo/Tony Gutierrez, FIle)
October 10, 2019 - 10:02 am

Record passenger traffic over the summer boosts Delta profit

DALLAS (AP) — Delta Air Lines set records for passengers and revenue over the summer and benefitted from cheaper jet fuel, boosting its third-quarter profit 13% to $1.5 billion. However, Delta offered a cautious fourth-quarter forecast that fell short of Wall Street expectations, and the airline's...
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Visitors tour near the logo of Samsung Electronics at semiconductor exhibition in Seoul, South Korea, Tuesday, Oct. 8, 2019. Samsung Electronics has predicted its operating profit for the last quarter will fall by more than 56% from a year earlier amid sluggish global demand for computer chips. (AP Photo/Lee Jin-man)
October 08, 2019 - 2:22 pm

Tough times for chipmakers as Samsung warns of profit drop

Samsung provided the latest sign of the tough times afflicting computer chipmakers as it braced investors for a sharp drop in profit. The sobering forecast Tuesday wasn't entirely unexpected, given an industrywide glut that has forced chipmakers to slash prices to clear out inventory. Although...
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FILE - In this Sept. 18, 2019, file photo floor governor Michael Smyth works at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 26. (AP Photo/Mark Lennihan, File)
September 26, 2019 - 8:48 am

US stock indexes move lower as investors play defense

NEW YORK (AP) — U.S. stocks moved broadly lower Thursday as investors pulled back to a defensive stance as an impeachment inquiry into President Donald Trump moves along and U.S. economic growth slows. Technology stocks were among the biggest losers. Cisco Systems fell 2.3% and Nvidia shed 1.5%...
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September 23, 2019 - 7:33 am

US stocks mixed as investors mull trade, economic concerns

NEW YORK (AP) — U.S. stocks were mixed in early trading on Monday as investors pulled back a bit amid worries about the trade war and economic growth. Health care, communications and bank stocks dipped, with health insurer UnitedHealth falling 1.4% and AT&T shedding 1%. Higher bond prices...
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