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Delta soars as US travel growth pushes profits past Wall Street's highest forecast

6 monthes ago   |   By Business Insider

REUTERS/Lucas Jackson
Delta Air Lines posted fourth-quarter earnings on Tuesday that topped analysts' highest profit estimate.
The airline also beat expectations for quarterly revenue and posted a 2.4% gain for revenue per available seat mile.
Delta shares surged as much as 4.5% on the news.
The company's domestic revenue grew more than any other regional business, hinting its bet on increased US travel is paying off.
Watch Delta Air Lines trade live here .
Delta Air Lines reported fourth-quarter earnings on Tuesday morning that beat analysts' highest profit estimate, according to...
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Citi earnings beat estimates as fixed-income trading spikes 49%

Citi earnings beat estimates as fixed-income trading spikes 49%

6 monthes ago   |   By Business Insider

Tom Williams/Getty
Citigroup reported fourth-quarter earnings that bested Wall Street estimates for earnings and revenue on Tuesday morning.
The firm posted a 49% gain to fixed-income trading revenue, more than double the increase analysts anticipated, according to those surveyed by Bloomberg.
Citi stock traded as much as 1% higher following the report's release.
Watch Citigroup trade live here .
Citigroup reported fourth-quarter earnings that beat profit and revenue expectations on Tuesday morning.
The company posted a 49% gain to fixed-income trading revenue, more than double the...
Read more ...

 

JPMorgan's Q4 earnings smash Wall Street's targets - and the bank earned record revenue and net income in 2019

JPMorgan's Q4 earnings smash Wall Street's targets - and the bank earned record revenue and net income in 2019

6 monthes ago   |   By Business Insider

REUTERS/Dylan Martinez
JPMorgan Chase reported fourth-quarter earnings Tuesday that beat analysts' revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
The bank's shares climbed 1.9% in premarket trading.
View Business Insider's homepage for more stories .
JPMorgan Chase posted $2.57 in fourth-quarter earnings per share, outpacing the $2.36 figure that Wall Street analysts surveyed by Bloomberg were expecting. Corporate and investment bank revenues jumped 31%, and wealth and asset management revenue climbed...
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JPMorgan's 4Q earnings smash Wall Street's targets

JPMorgan's 4Q earnings smash Wall Street's targets

6 monthes ago   |   By Business Insider

Jeenah Moon/Reuters
JPMorgan Chase reported fourth-quarter earnings Tuesday that beat analysts' revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
The bank's shares climbed 1.9% in premarket trading.
View Business Insider's homepage for more stories .
JPMorgan Chase posted $2.57 in fourth-quarter earnings per share, outpacing the $2.36 figure that Wall Street analysts surveyed by Bloomberg were expecting as corporate and investment bank revenues jumped 31%, and wealth and asset management revenue climbed...
Read more ...

 


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Everything you need to know about North Carolina's US Senate election

Everything you need to know about North Carolina's US Senate election

Gerry Broome/AP; Shayanne Gal/Business Insider Former State Senator Cal Cunningham is challenging GOP Sen. Thom Tillis in North Carolina in one of the most highly-watched... Read more ...

Former Trump campaign staffer sues to void NDA that she says violates First...

Former Trump campaign staffer sues to void NDA that she says violates First Amendment rights

Allison Zaucha for The Washington Post via Getty Images A former Trump 2016 campaign staffer is seeking to void nondisclosure agreements that workers were required to sign in... Read more ...

Tencent tumbles 10% following Trump's executive order targeting TikTok and...

Tencent tumbles 10% following Trump's executive order targeting TikTok and WeChat

Reuters Tencent stock tanked as much as 10% on Friday following President Trump's executive order targeting its WeChat app. The order arrived in tandem with a similar order... Read more ...

Travel reservations have plummeted 91% and won't be back until there's a...

Travel reservations have plummeted 91% and won't be back until there's a vaccine, says Booking Holdings CEO

Spencer Platt/Getty Images Booking Holdings, which owns brands including Kayak and Booking.com, saw the worst effects of the pandemic in the second quarter, reporting that... Read more ...

A PwC exec says the global pandemic has accelerated the future of work by 5...

A PwC exec says the global pandemic has accelerated the future of work by 5 to 10 years

Courtesy of David Clarke The novel coronavirus pandemic will continue to shape work as we know it for the foreseeable future. David Clarke, PwC's principal digital strategy and... Read more ...

US economy beats forecasts, adds 1.8 million jobs in July as unemployment...

US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10%

Reuters The US Bureau of Labor Statistics on Friday said the US added 1.8 million jobs in June. That exceeded the 1.5 million payroll additions expected by economists surveyed... Read more ...

Germany will test all arrivals from 'risky' countries like the US as daily...

Germany will test all arrivals from 'risky' countries like the US as daily new cases top 1,000 for the first time in 3 months

Florian Gaertner/Photothek via Getty Images Germany recorded more than 1,000 daily new coronavirus cases for the first time in three months. There were 1,045 new infections in... Read more ...

After months of fighting with Apple, Facebook is finally launching its...

After months of fighting with Apple, Facebook is finally launching its gaming app on iOS - without any games

AP; Francois Mori/AP Facebook is launching its Facebook Gaming app on iOS, four months after it launched on Android. Although the app is primarily for streaming games, it has a... Read more ...

Trump's vaguely-worded executive order targeting Tencent initially wiped $45...

Trump's vaguely-worded executive order targeting Tencent initially wiped $45 billion off its value

REUTERS/Jonathan Ernst Tencent's stock fell as much as 10% after Trump issued a vaguely-worded executive order banning US individuals and companies from doing business with its... Read more ...

TikTok threatens to sue the Trump administration over the executive order...

TikTok threatens to sue the Trump administration over the executive order barring US firms from doing business with its parent

Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider TikTok has threatened to sue the Trump administration over Thursday's executive order that bans US citizens and... Read more ...