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Tag Archives: earnings

Wall Street slips as bank earnings disappoint

NEW YORK (Reuters) – Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S. Pat. stock index edged lower, the S & P 500 remained within a percent of its record high. Following a January-March rally that marked the U.S. stock market's best quarterly performance in nearly …

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JPMorgan earnings exceed estimates for higher interest income. From Reuters

© Reuters. FILE PHOTO: People Go to JP Morgan Headquarters in New York (Reuters) – JPMorgan Chase & Co (NYSE) reported better-than-expected quarterly earnings on Friday as higher interest income and gains in the Bank's and The bond business compensated for the weakness in trading. The US banks' trading departments had a relatively quiet first quarter compared to a year …

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Levi earnings: Initial public offering on Q1 as turnover gross 7%

Levi Strauss (LEVI) posted first-quarter earnings after reporting for the first time since the IPO last month. X Levi's earnings per share were 37 cents, down from a loss of 5 cents per share a year earlier, which saw temporary effects of the 2017 Tax Cuts and Jobs Act. Adjusted net income rose 81% to $ 151 million. Wall Streets …

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Trade, dollar and weak economy weighed on earnings

The good news: Investors may have priced in the problem at the end of last year as markets plummeted. Multinationals such as Apple ( AAPL ) Caterpillar ( CAT ) . 19659003] and McDonald's (19459006) MCD are expected to be significantly inferior to S & P 500 companies, if they are less than S & P 500 companies start reporting …

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Home Depot misses earnings estimates, stocks fall

Home Depot shares are under pressure after Tuesday's failure to match Wall Street's estimates of earnings, sales and sales at the same stores. The numbers may have been impacted by rising US real estate prices, which weakened demand for residential real estate and construction activity. 19659002] Lat-month home sales fell to the lowest level in over three years. Net sales …

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