Goldman Sach reported a surge in profit during the second quarter that overall exceeded Wall Street estimates, while also announcing that CEO Lloyd Blankfein will — after 12 years — hand over the position to the company’s President and COO David Solomon. When Blankfein retires at the end of...
Netflix added 5.2 million subscribers in the second quarter of 2018, about 1 million below its 6.2 million forecast, a shortfall that spooked investors Monday (July 16), with the company’s stock declining some 14 percent in after-hours trading. Netflix reported the net addition of nearly...
Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in the second quarter. The company is also committing a significant amount...
Wells Fargo, which is working to recover from a series of regulatory scandals that have impacted trust with customers, reported lower than expected earnings and revenue during the second quarter, as mortgage banking income and other sectors showed softness. Get the Full Story Complete the...
JPMorgan Chase reported second-quarter results that, while boosted by strong trading activity, also showed traction in its digital and mobile banking efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Here come the clothing sales: H&M, burned by approximately $4 billion in excess inventory, will offer more clothing discounts for consumers in the third quarter of 2018, company executives have said. The news came as the fast-fashion chain posted a net profit of about $520...
Walgreens Boots Alliance Inc.’s latest earnings results came in above the Street on Thursday (June 28), boosted by the buyout of several Rite Aid stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
As Kroger cuts prices and tests out new ways to sell products with its Restock Kroger program, the grocer beat earnings estimates for the first quarter of 2018. Kroger reported earnings per share of $0.73 and revenues of $37.5 billion, compared to analysts’ estimates of...
