Financial performance

FILE- In this Nov. 6, 2017, file photo, people walk by a branch office of Bank of America in New York. Bank of America Corp. reports earnings Monday, July 16, 2018. (AP Photo/Mark Lennihan, File)
July 16, 2018 - 7:43 am
NEW YORK (AP) — Bank of America is reporting a 33 percent jump in second-quarter profits as it cut expenses and benefited from the new tax law. The banking giant, based in Charlotte, North Carolina, said Monday it earned $6.78 billion, or 63 cents per share, up from $4.75 billion, or 44 cents a...
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July 16, 2018 - 7:24 am
BERLIN (AP) — Germany's biggest bank, Deutsche Bank, said Monday that its earnings will be considerably higher than expected in the second quarter, a fact that it said underlines the "resilience" of the company after a period of trouble. The Frankfurt-based bank said it expects net profit of about...
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FILE- In this May 17, 2018, file photo, the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. Wells Fargo reports earnings Friday, July 13, 2018. (AP Photo/Richard Drew, File)
July 13, 2018 - 9:43 am
SAN FRANCISCO (AP) — Wells Fargo & Co., which has been mired in investigations related to its business practices since 2016, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago. The bank also revised its first-quarter earnings downward after agreeing...
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FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Friday, July 13, 2018. (AP Photo/Mark Lennihan, File)
July 13, 2018 - 7:42 am
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law. JPMorgan earned $8.32 billion in the first...
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FILE- In this Jan. 8, 2018, file photo, a Delta Air Lines Connection regional jet operated by GoJet Airlines takes off from Logan International Airport in Boston. Delta Air Lines reports earns on Thursday, July 12. (AP Photo/Charles Krupa, File)
July 12, 2018 - 1:08 pm
DALLAS (AP) — Delta Air Lines executives expressed confidence Thursday that they can raise prices high enough to cover a fuel bill that is likely to be $2 billion more this year than last year. Airline officials said that strong travel demand and higher average fares fully covered a run-up in fuel...
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FILE - In this April 26, 2018, file photo, Chinese visitors stand near a glass panel reflecting a Chinese auto brand Lifan X70 SUV on display at the China Auto Show in Beijing. China's auto sales growth decelerated in June, adding to economic worries for Beijing amid a worsening trade battle with Washington. (AP Photo/Andy Wong, File)
July 11, 2018 - 4:37 am
BEIJING (AP) — China's auto sales decelerated in June, adding to economic pressure on Beijing amid a worsening trade battle with Washington, an industry group reported Wednesday. Sales of SUVs, sedans and minivans rose 2.3 percent in the most populous auto market, down from May's 7.9 percent growth...
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FILE- In this May 7, 2018, file photo, cans of Pepsi are displayed in New York. PepsiCo Inc. reports earns on Tuesday, July 10. (AP Photo/Mark Lennihan, File)
July 10, 2018 - 9:14 am
PURCHASE, N.Y. (AP) — PepsiCo's beverage sales are still struggling as the company tries to adjust to Americans' changing drinking habits. The maker of Gatorade, Mountain Dew and Tropicana said Tuesday that sales volume declined for its North American beverage unit in the second quarter. The dip...
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July 05, 2018 - 8:31 pm
SEOUL, South Korea (AP) — Samsung Electronics says its second-quarter operating profit rose 5 percent over a year earlier. In its earnings preview Friday, the South Korean company estimated its April-to-June operating profit at 14.8 trillion won ($13.2 billion), missing expectations. That...
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June 21, 2018 - 3:42 am
BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China. The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than...
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June 19, 2018 - 7:39 pm
Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith said Tuesday that he is optimistic that the package-delivery company will increase its earnings and profit margins. On...
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