iOS app Android app

Quarterly Earnings

Goldman Sachs Loses $428 Million In Its Second Quarterly Loss Ever

The Huffington Post | Bonnie Kavoussi | Posted 12.18.2011 | Business

Goldman Sachs posted its second quarterly loss as a public company on Tuesday, according to Bloomberg News, in the latest indication that Wall Street ...

Bank Of America Nets $6.2 Billion Profit

The Huffington Post | Jillian Berman | Posted 12.18.2011 | Business

Bank of America earned billions of dollars in profits last quarter, even as banking officials expressed concern recently about the effects of new regu...

JPMorgan Chase To Lay Off 1,000 Over 18 Months

Posted 10.13.2011 | Business

(Reuters) - JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand f...

Chevron Posts Big Profit With Help Of High Gas Prices

Posted 09.28.2011 | Business

NEW YORK (Matt Daily) - Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall ...

Morgan Stanley Reports Loss In Second Quarter

AP | PALLAVI GOGOI | Posted 09.20.2011 | Business

NEW YORK - Morgan Stanley is reporting a loss $558 million for the second quarter. The investment banks' earnings took a hit from converting an invest...

The Value(s) of Wall Street

Charles Kolb | Posted 05.25.2011 | Business
Charles Kolb

The day when the Federal Reserve began to lower interest rates to address a looming economic downturn, the New York Times ran a Tiffany & Co. ad on page three. The ad featured a lovely pair of diamond teardrop earrings for $230,000.

Bank Of America Makes $10.7 Billion Accounting Mistake

Bloomberg | David Mildenberg and Dakin Campbell | Posted 05.25.2011 | Business

Bank of America Corp., the largest U.S. bank by assets, said it wrongly classified as much as $10.7 billion of short-term repurchase and lending trans...

The Robins Are Blooming

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Despite the pessimism, which is trendy these days, there are already plenty of robins around -- that is, there is good economic news that's generally overlooked.

Wall Street's Gains Equal Main Street's Loss?

Michael J. Panzner | Posted 05.25.2011 | Business
Michael J. Panzner

Ordinarily, a bull run like this would be cause for optimism, on the belief that savvy investors see a light at the end of the tunnel. But could the good news that is powering share prices be bad news for the economy?

The Farce Behind Quarterly Earnings

Huffington Post | Ryan Grim and Julie Satow | Posted 05.25.2011 | Business

Wall Street has long viewed quarterly earnings skeptically, but this season may be one of the least realistic in recent memory. That's because banks a...

Comparing Recessions: Chart

Huffington Post | Posted 05.25.2011 | Business

Earning season is in high gear, so it is a good time to take a look at the earning performance of the S&P 500. This chart from Standard & Poors, poin...

News Corp. Suffers Staggering $6.4 Billion Loss

AP | RYAN NAKASHIMA | Posted 05.25.2011 | Business

LOS ANGELES — News Corp., the global media giant controlled by Rupert Murdoch, said Thursday it lost $6.4 billion in its most recent quarter bec...

Time Warner Takes $24.2 Billion Writedown

AP | RYAN NAKASHIMA | Posted 05.25.2011 | Business

LOS ANGELES — Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedo...

Countrywide Posts $422 Million Loss

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — The $422 million loss Countrywide Financial Corp. reported Tuesday didn't appear to scare off Bank of America. "At this point, ev...

Yahoo Profits Sink; 1,000 To Be Laid Off

Los Angeles Times | Jessica Guynn | Posted 05.25.2011 | Business

Facing rising competition and shareholder unrest, Yahoo Inc. on Tuesday took steps to reverse its flagging fortunes, including its first layoffs since...

UBS To Post Record $11.45 Billion Loss

AP | ELIANE ENGELER | Posted 05.25.2011 | Business

GENEVA — Subprime mortgage woes deepened for Swiss banking giant UBS AG, which Wednesday said it expects a $11.45 billion hit in the fourth quar...

Wells Fargo Posts Lowest Quarterly Profit In Six Years

AP | Michael Liedtke | Posted 05.25.2011 | Business

Wells Fargo & Co. ended 2007 with its lowest quarterly profit in six years, dragged down by the declining home values and mortgage mess that's torment...

Bear Stearns Sinks, Posts Huge Quarterly Loss

AP | Posted 05.25.2011 | Business

Bear Stearns Cos., the No. 5 U.S. investment bank, said Thursday a bigger-than-expected writedown of its mortgage portfolio caused a substantial quart...

FedEx Blames High Fuel Costs For Q2 Losses

Reuters | Posted 05.25.2011 | Business

Package delivery company FedEx Corp. said Thursday its fiscal second-quarter earnings fell 6 percent, as the impact of high fuel costs and a weakening...

Does Goldman Deserve Its Golden Status?

Seeking Alpha | Posted 05.25.2011 | Business

Goldman Sachs (GS) continues to be the favorite investment bank for many, but market instability and its premium valuation has analysts debating its p...

Merrill Lynch To Add $2.5 Bil To Already Announced $5 Bil Write-Downs

New York Times | JENNY ANDERSON, LANDON THOMAS, Jr. | Posted 05.25.2011 | Business

Merrill Lynch is expected to report today that it will add about $2.5 billion more to the $5 billion worth of write-downs it has already announced, ac...