Financial performance

January 17, 2019 - 7:06 am
NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit...
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January 17, 2019 - 6:44 am
SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores...
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FILE - This Oct. 15, 2018 file photo shows a sign for a Sears Outlet department store is displayed in Norristown, Pa. Multiple media outlets reported early Wednesday, Jan. 16, 2019, that billionaire Eddie Lampert has won a bankruptcy auction after strengthening his bid in several days of negotiations with creditors. Lampert, Sears’ chairman and largest shareholder, upped his offer to more than $5 billion and added a $120 million cash deposit through an affiliate of his ESL hedge fund. (AP Photo/Matt Rourke, File)
January 16, 2019 - 4:32 pm
NEW YORK (AP) — Sears will live on — at least for now. Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that it throw in the towel, according to a...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results Wednesday, Jan. 16, 2019. (AP Photo/Richard Drew, File)
January 16, 2019 - 8:13 am
NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $...
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FILE- In this July 9, 2018, file photo a customer makes a transaction at a Bank of America ATM at the company's headquarters in Charlotte, N.C. Bank of America Corp. reports financial results Wednesday, Jan. 16, 2019. (AP Photo/Chuck Burton, File)
January 16, 2019 - 6:39 am
NEW YORK (AP) — Bank of America's fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year's steady rise in interest rates as well as a lower tax rate. The Charlotte-based banking giant said it earned $7.28 billion, or 70 cents a share. That's...
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FILE - In this Nov. 10, 2018 file photo, with a downed power utility pole in the foreground, Eric England, right, searches through a friend's vehicle after the wildfire burned through Paradise, Calif. Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection. The announcement Monday, Jan. 14, 2019, follows the resignation of the power company’s chief executive. (AP Photo/Noah Berger, File)
January 15, 2019 - 7:50 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation's largest utility won't get all the money they may be owed. Here are some...
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FILE- In this May 24, 2018, file photo a Delta Air Lines passenger jet plane, a Boeing 737-900 model, approaches Logan Airport in Boston. Delta Air Lines, Inc. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Charles Krupa, File)
January 15, 2019 - 10:08 am
ATLANTA (AP) — Delta Air Lines says it's on pace to lose $25 million in revenue this month as federal employees and contractors remain grounded by the partial government shutdown. CEO Ed Bastian said Tuesday that the shutdown will also delay the airline's ability to start using new Airbus jets that...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke, File)
January 15, 2019 - 8:01 am
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Jim Mone, File)
January 15, 2019 - 6:49 am
INDIANAPOLIS (AP) — UnitedHealth's fourth-quarter earnings slid 16 percent from last year, when federal tax cuts helped the nation's largest health insurer, but the performance still came in well above analyst expectations. The company's fast-growing Optum segment helped stoke results, with...
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This Thursday, Nov. 29, 2018, photo shows a Chase bank location in Philadelphia. JPMorgan Chase reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke)
January 15, 2019 - 6:46 am
NEW YORK (AP) — JPMorgan Chase & Co.'s fourth quarter profits badly missed analysts' expectations on Tuesday, caused by difficulties in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4...
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