Bank America Profits

Bank of America profits boosted by loan growth and robust trading

Strong results echo other big Wall Street banks

Financial Times - 8h

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom

ABC News - 12h

JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits

The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.

The New York Times - 1d

Bank of America sees revenue rise across the board in upbeat sign for year ahead

Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter.

MarketWatch - 6h

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

CNBC - 8h

TSMC cuts profitability target as cost of diversifying supply chains bites

World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand

Financial Times - 14h

Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

CNBC - 1d

JPMorgan Chase posts record profit as the bank's massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.

NBC News - 1d

How Nissan's profits dropped 90% in one year

Merging with rival Honda may be Nissan's best shot at survival. The Japanese automaker is struggling around the world, including the U.S. and China.

CNBC - 1d

JPMorgan Chase posts record profit as the bank’s massive scale pays off

The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.

CNBC - 1d

These two bank stocks stand out for improvement in 2025

Bank stocks had a wonderful 2024. A lighter regulatory burden and better interest-rate environment might set up another year of gains.

MarketWatch - 2d

Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win

Financial Times - 3d

China corporate profits set for third year of declines

Oversupply drives intense competition that is undermining prices and profitability

Financial Times - 3d

How to Build a Profitable Service-Based Business Without Losing Your Sanity

Powerful strategies to build a lean, profitable, and sustainable service-based business.

Inc. - 5d

As Delta Reports Profits, Airlines Are Optimistic About 2025

The industry is enjoying a strong demand for tickets and rising profits, but it remains vulnerable to unexpected problems like a recession or a surge in inflation.

The New York Times - 5d

Fintech IPOs return with precious little credit in the bank

Hope still wins out over experience as financial disrupters seek to ride the latest wave

Financial Times - 5d

Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views

The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.

The Wall Street Journal - 6d

Lloyds, Halifax and Bank of Scotland to share branches

The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.

BBC News - Jan. 9

Open auditions to be America’s 51st state

The U.S. already has 50 states — and all of them are less of a mess than Canada or Britain.

The Hill - Jan. 9

U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America

A surging buck can crimp multinational’s profits

MarketWatch - Jan. 9

7-Eleven owner’s sharp profit fall adds to takeover pressure

Seven & i operating profit drops 24% as it tries to fend off $47bn buyout offer from Canada’s Couche-Tard

Financial Times - Jan. 9

Wait, how many banks were run in 2023?

More than you’d think!

Financial Times - Jan. 8

FanDuel’s parent company just issued a profit warning. Blame the Detroit Lions.

There aren’t enough upsets in the National Football League, and that’s upsetting for investors in sports betting companies including Flutter Entertainment, the owner of FanDuel.

MarketWatch - Jan. 8

Bank of England to relax rules for banks and insurers

PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation

Financial Times - Jan. 8

Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

Fourth-quarter earnings hit by greater investments in advanced chip manufacturing

Financial Times - Jan. 8

Disney’s stock gets upgrade amid content ‘renaissance’ and streaming profit growth

Walt Disney Co.’s stock was upgraded to buy Tuesday by analyst firm Redburn Atlantic, which cited improved content performance and growth in streaming profit.

MarketWatch - Jan. 8

Samsung Expects Further Profit Growth Slowdown, Missing Estimates

The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.

The Wall Street Journal - Jan. 7

Trump’s America First becomes America expands

President-elect Trump’s imperialist tendencies ahead of his second term are begging a question that dominated his first term: Should he be taken seriously, or literally? Trump during a Tuesday ...

The Hill - Jan. 7

Annual ‘winners’ for most egregious US healthcare profiteering announced

Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...

The Guardian - Jan. 7

Bank of America’s stock could go up 20% in 2025, says this analyst

UBS’s Erika Najarian upgrades Bank of America to buy from neutral

MarketWatch - Jan. 7

Musk’s war on America’s allies

The question of whether he is speaking for Trump is urgent for Europe

Financial Times - Jan. 7

Israeli airstrike targets armed group in West Bank

Yahoo News - Jan. 7

Investment banks prepare for crunch year in 2025

Boutiques counting on M&A rebound to support elevated valuations and star hires

Financial Times - Jan. 6

FAA Head Says Boeing Must Put Culture of Safety Above Profits

A year after the midair blowout of a 737-MAX door panel sent the company in a downward spiral, federal aviation chief Mike Whitaker said the planemaker still has work to do to ensure its jetliners ...

Inc. - Jan. 3

Palestinian Authority Bans Al Jazeera in West Bank

The ban comes as the PA battles militants from Hamas and its allies for control over parts of the West Bank, a fight that could shape the struggle for leadership of the Palestinian cause.

The Wall Street Journal - Jan. 2