Bank of America is set to report fourth-quarter earnings — here’s what Wall Street expects

Bank of America is set to report fourth-quarter earnings — here’s what Wall Street...

Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank's shares up nearly 5 percent in the premarket. Here is how the bank did in the previous quarter compared to analyst expectations: Earnings: 73…
‘A complete humiliation’, a ‘crushing defeat’ and Brextinction: Global media reacts to Brexit vote

‘A complete humiliation’, a ‘crushing defeat’ and Brextinction: Global media reacts to Brexit vote

Following the resounding defeat of U.K. Prime Minister Theresa May's Brexit deal in the U.K. Parliament last night, the global media are giving their reactions to the vote - and they're not holding back. May's deal was roundly rejected by British members of Parliament (MP) with 432 MPs voting against it and 202 approving it,…
Theresa May lost big on her Brexit deal vote — here’s what could happen now

Theresa May lost big on her Brexit deal vote — here’s what could happen...

There are some, particularly those from opposition parties, who believe a fresh negotiation between the EU and U.K. is still possible. Britain and Northern Ireland are set to leave the European Union in less than three months and so any attempt at major surgery to the existing deal would likely require more time. That would…
Apple should buy private digital health records operation Epic Systems, says Jim Cramer

Apple should buy private digital health records operation Epic Systems, says Jim Cramer

It's no secret that Apple has lofty ambitions in the health-care space. Now, it's time for the company to make "a big, splashy acquisition" to prove it's serious, says CNBC's Jim Cramer. "Apple has a problem here," he said Tuesday. "As much as we might love the service revenue stream created by all these apps,…
Kirsten Gillibrand: ‘I’m going to run’ for president in 2020

Kirsten Gillibrand: ‘I’m going to run’ for president in 2020

Sen. Kirsten Gillibrand, D-N.Y., said Tuesday that she will run for president in 2020. Gillbrand, 52, said on "The Late Show with Stephen Colbert" that she is launching an exploratory committee. "I'm going to run for president of the United States because as a young mom, I'm going to fight for other people's kids as…
Nordstrom says sales at some stores ‘below expectations’ this holiday season

Nordstrom says sales at some stores ‘below expectations’ this holiday season

Nordstrom said sales at its full-price stores were "below expectations" this holiday season and because of that the department store chain is having to use more promotions to get rid of excess inventory. The retailer said in a press release Tuesday evening that it now expects its diluted earnings per share for fiscal 2018 to…
Cramer: Netflix’s price bump means Amazon, Apple’s stocks are bargains

Cramer: Netflix’s price bump means Amazon, Apple’s stocks are bargains

Streaming giant Netflix raising its subscription prices means good things for other large companies that offer subscription services, CNBC's Jim Cramer said Tuesday. "Netflix serves as a powerful reminder that the subscriber business model is incredibly strong here," the "Mad Money" host said. "A recurring service revenue stream is very, very lucrative." Better yet, Wall…
Stocks making the biggest moves after hours: United Airlines, Apple, PG&E & more

Stocks making the biggest moves after hours: United Airlines, Apple, PG&E & more

Check out the companies making headlines after the bell: United Airlines shares jumped as much as 6 percent following a strong top and bottom line beat for the airline's fourth-quarter earnings report. United turned in a profit of $2.41 a share for the most recent quarter, better than the $2.04 a share expected by Wall…
United Airlines shares jump as fourth-quarter revenue, profit beat estimates

United Airlines shares jump as fourth-quarter revenue, profit beat estimates

United Continental Holdings posted stronger revenue and profits than Wall Street expected in the fourth-quarter, while issuing a sunny outlook for earnings growth in 2019. The company's shares jumped by about 5 percent after the markets closed Tuesday. The parent company of United Airlines said revenue in the last three months of 2018 were $10.49…
The trading business on Wall Street is struggling and that could mean bad news for these banks

The trading business on Wall Street is struggling and that could mean bad news...

Investment banks play a major role in the functioning of markets. They take a sell orders, find buyers and profit off of being the middlemen in a variety of securities transactions, including stocks and FICC, the industry acronym for fixed income (bonds), currencies and commodities. The industry's revenue from trading is nowhere near the stratospheric…

Must Read

- Advertisement -