Earnings

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

Hectic Earnings Week Could Bring Harbingers of Recession
Hectic Earnings Week Could Bring Harbingers of Recession
January 15, 2023  |  Economy

With more than 250 companies set to report earnings this week, analysts and economists are on high alert for anything that signals a recession. This,...

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Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
January 13, 2023  |  Earnings

The $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) hit Wells Fargo’s profits. But the bank’s management was sanguine Friday (Jan. 13) on digital...

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Bank of America’s Digital Sales up 22% as Mobile Users Surge
Bank of America’s Digital Sales up 22% as Mobile Users Surge
January 13, 2023  |  Earnings

For Bank of America, the great digital shift is very much in evidence. The company’s latest quarterly results showed that digital “sales” made through the...

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Major Restaurant Brands Expand Drive-Thru to Reach New Audiences
Major Restaurant Brands Expand Drive-Thru to Reach New Audiences
January 13, 2023  |  Restaurant Roundup

This week in restaurant news, Shake Shack and Wendy’s tap drive-thru while Red Robin reevaluates priorities. As restaurants look to offset margin pressure from food...

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Citi Expects Mild Recession in US in Second Half of 2023
Citi Expects Mild Recession in US in Second Half of 2023
January 13, 2023  |  Earnings

Citi sees a macroeconomic environment that is better than expected in the new year. This is being driven by warmer weather easing the stress on...

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JPMorgan Braces for Recession as Credit Loss Provisions Jump 49%
JPMorgan Braces for Recession as Credit Loss Provisions Jump 49%
January 13, 2023  |  Earnings

For America’s biggest bank, the recession’s the base case, and credit losses loom. J.P. Morgan reported fourth-quarter results Friday (Jan. 13) that show caution about...

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Getty Realty Bets on C-Stores Amid Industry-Wide Evolution
Getty Realty Bets on C-Stores Amid Industry-Wide Evolution
January 13, 2023  |  Retail

Getty Realty committed $100 million in convenience stores and carwash properties throughout 2022. The real estate company shared this figure Tuesday (Jan. 10) in reporting...

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The Best Reading on Consumer Spending and Sentiment Will Come out Tomorrow
The Best Reading on Consumer Spending and Sentiment Will Come out Tomorrow
January 12, 2023  |  Banking

Starting tomorrow, Wall Street will focus on how banks view inflation, the stock market and bond trading. But as earnings kick off on Friday (Jan....

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Bed Bath & Beyond Bides Time Amid Bare Shelves and Dwindling Cash
Bed Bath & Beyond Bides Time Amid Bare Shelves and Dwindling Cash
January 10, 2023  |  Retail

One week after Bed Bath & Beyond (BBBY) warned investors that bankruptcy was being considered, the ailing home goods retailer brought more bad news to...

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