Earnings

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

Regional Banks Report Stable or Higher Deposits
Regional Banks Report Stable or Higher Deposits
July 21, 2023  |  Banking

Regional banks are still facing a variety of pressures, but in terms of deposits they are doing better than they were three months ago. Second-quarter...

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Amex: Card Spending by Gen Z and Millennials Surges 21%
Amex: Card Spending by Gen Z and Millennials Surges 21%
July 21, 2023  |  Earnings

For American Express, the momentum lies with younger consumers. Results posted by the company on Friday (July 21) show that younger generations’ spending surged double...

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Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
July 20, 2023  |  Earnings

Consumers are spending more on their cards — and delinquency rates are creeping up. To that end, Capital One’s company materials show that the allowance for losses...

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Tylenol Maker Kenvue Sees Self-Care Surge as Amazon Emerges as Destination for Category
Tylenol Maker Kenvue Sees Self-Care Surge as Amazon Emerges as Destination for Category
July 20, 2023  |  Earnings

Despite beating second-quarter revenue and earnings expectations in its first quarterly report since spinning out from Johnson & Johnson two months ago, Kenvue’s shares declined...

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Truist Digital Transactions Surge 9% as Zelle Grows Double Digits
Truist Digital Transactions Surge 9% as Zelle Grows Double Digits
July 20, 2023  |  Earnings

Truist posted second-quarter results that show continued adoption of digital channels for mobile banking — and a stabilizing of deposit flight seen earlier in the...

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KeyCorp Profits Fall 50% as Credit Loss Provisions Jump
KeyCorp Profits Fall 50% as Credit Loss Provisions Jump
July 20, 2023  |  Earnings

KeyCorp’s profits plunged 50% as the regional lender set aside more funds for credit losses. The bank released earnings Thursday (July 20), showing that its provisions for...

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What Happens When a Tech Company Builds Cars? Ask Tesla About Dojo
What Happens When a Tech Company Builds Cars? Ask Tesla About Dojo
July 20, 2023  |  artificial intelligence

Tesla is famously not just a car company — it’s a software company.  And a key, promised part of that software vision is the realization...

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Ocado CEO: U.S. Lags Behind Other Countries on eGrocery Profitability
Ocado CEO: U.S. Lags Behind Other Countries on eGrocery Profitability
July 20, 2023  |  Retail

As United States grocers look to seize on the digital shift, they may need to update their infrastructure to make eCommerce worth its while in...

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Netflix Continues to Cut Offerings, Grows by 6 Million Subscribers 
Netflix Continues to Cut Offerings, Grows by 6 Million Subscribers 
July 20, 2023  |  Subscription Commerce

While subscriptions-based services feel the need to overcompensate to get a subscriber, Netflix is doing the opposite. In fact, it continues to give less and...

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