Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend

Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend
Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend
October 15, 2020  |  Earnings

Call it silver linings — maybe not yet green shoots. But bank earnings are showing that loan loss reserves were more conservative than needed (at...

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United Airlines Achieves $21M Target Average Daily Cash Burn Amid Pandemic
United Airlines Achieves $21M Target Average Daily Cash Burn Amid Pandemic
October 15, 2020  |  Earnings

United Airlines reported Thursday (Oct. 15) that it achieved a $21 million target average daily cash burn as well as $4 million of average debt...

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Truist Reports Strong Core Fee Income In Q3 Earnings Report
Truist Reports Strong Core Fee Income In Q3 Earnings Report
October 15, 2020  |  Earnings

Truist Financial Corporation reported on Thursday (Oct. 15) strong noninterest-bearing deposit growth and the completion its first major client-facing conversion, Truist Securities, in Q3 2020....

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Tiffany Upbeat On Sales, Operating Earnings Amid COVID-19 Comeback
Tiffany Upbeat On Sales, Operating Earnings Amid COVID-19 Comeback
October 15, 2020  |  Retail

Tiffany & Co. said that preliminary results for August and September 2020 are positive, even as its “worldwide net sales for the two-month period declined...

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Walgreens Profits Fall As UK Business Struggles In Fourth Quarter
Walgreens Profits Fall As UK Business Struggles In Fourth Quarter
October 15, 2020  |  Retail

Walgreens Boots Alliance said its fourth-quarter profits dropped 45 percent to $373 million from $677 million a year earlier as the U.K. business, in particular,...

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Goldman’s Marcus Deposits Increase $4B In Q3 To $96B
Goldman’s Marcus Deposits Increase $4B In Q3 To $96B
October 14, 2020  |  Earnings

Goldman Sachs’ latest results showed continued traction in its digital, consumer banking efforts even as its core trading and asset management segments soared. Get the...

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Today In Payments: Purchases Using Voice-Assistants Up 10 Pct; Afterpay Goes In-Store Nationwide With Major Retailers
Today In Payments: Purchases Using Voice-Assistants Up 10 Pct; Afterpay Goes In-Store Nationwide With Major...
October 14, 2020  |  News

In today’s top news, purchases via voice assistant are up 10 percent year-over-year, and Afterpay is now available in-store nationwide with major retailers. Plus, J.P....

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Wells Fargo Sees Some Credit And Debit Card Gains Amid Generally Bad Q3
Wells Fargo Sees Some Credit And Debit Card Gains Amid Generally Bad Q3
October 14, 2020  |  Earnings

Despite reporting rough overall Q3 results Wednesday (Oct. 14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as...

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Citi Warns Of Pressure On Consumer Spending, Looks For Digital Growth Opportunities
Citi Warns Of Pressure On Consumer Spending, Looks For Digital Growth Opportunities
October 13, 2020  |  Earnings

Citigroup’s Q3 earnings report on Tuesday (Oct. 13) indicated that things are looking a bit stronger than expected in the results department, as the firm...

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