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 Profits Drop Less Than Expected

Bank of America Profits Drop Less Than Expected
Bank of America Profits Drop Less Than Expected
April 18, 2022  |  Earnings

Bank of America’s first-quarter profit fell less than anticipated, with a drop in international deal-making offset by robust consumer lending. Get the Full Story Complete...

READ MORE >
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
April 15, 2022  |  Technology

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession...

READ MORE >
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022  |  Banking

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment...

READ MORE >
Stripe Reports Strong 2021 Growth, Warns It Won’t Be Repeated
Stripe Reports Strong 2021 Growth, Warns It Won’t Be Repeated
April 15, 2022  |  Earnings

Stripe handled more than $640 billion in payments in 2021 — an increase of 60% over the prior year — the two brothers who founded...

READ MORE >
Wells Fargo Posts Declines in Revenue, Home Lending
Wells Fargo Posts Declines in Revenue, Home Lending
April 14, 2022  |  Earnings

Wells Fargo released its first-quarter earnings report Thursday (April 14), showing a decline in revenue — a 20% drop in profit from last year —...

READ MORE >
Goldman Puts Legacy Lenders on Watch With Plan to Offer Digital Checking Accounts
Goldman Puts Legacy Lenders on Watch With Plan to Offer Digital Checking Accounts
April 14, 2022  |  Earnings

Despite the macro headwinds, the volatility in investment and Wall Street related businesses, Goldman Sachs continues to make headway in its consumer-facing segments — including...

READ MORE >
Rite Aid Posts Strong Year Amid Shuttering Unprofitable Stores
Rite Aid Posts Strong Year Amid Shuttering Unprofitable Stores
April 14, 2022  |  Retail

Rite Aid reported a strong close to the 2022 fourth quarter and full year, while also eyeing an outlook in 2023 that leads to the...

READ MORE >
Amazon’s Andy Jassy Hints More Prime Benefits on the Way
Amazon’s Andy Jassy Hints More Prime Benefits on the Way
April 14, 2022  |  Amazon

In his first letter to shareholders since taking the reins from Jeff Bezos in July, Amazon President and CEO Andy Jassy provided a history lesson...

READ MORE >