Wells Fargo shares fall as quarterly revenue misses estimates on weaker-than-expected mortgage lending
Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
Morgan Stanley saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets.
Goldman seems to have exceeded other Wall Street firms in benefiting from the sudden market upheaval caused by the Ukraine conflict.
JPMorgan said Wednesday that first-quarter profit fell because of increased costs tied to bad loans and market upheaval caused by the Ukraine war.
Delta said it expects a pretax profit in the second quarter and that it will restore capacity to 84% of 2019 levels.
On Wednesday, the fashion rental platform reported fiscal fourth-quarter revenue ahead of analysts' estimates along with a narrower-than-expected loss.
Bed Bath & Beyond is in the middle of a turnaround effort and has been under pressure from an activist investor.
Levi Strauss sold more of its jeans and T-shirts at higher price points, often directly to consumers.
Walgreens, which saw strong sales during the winter quarter, maintained its outlook for the year.