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Earnings

Europe Inc. eyes end to corporate recession in fourth quarter

Europe Inc. is likely to have turned the page on nine months of falling profits during the final quarter of 2019, but sky-high share price valuations and lofty earnings expectations for 2020 set a low bar for disappointment.

Morgan Stanley shares soar after Gorman boosts performance targets

老虎机技术打法Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic vision for the bank is bearing fruit.

What to watch as fourth-quarter earnings kick into high gear

U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.

BNY Mellon profit falls short on lower interest rates

老虎机技术打法Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.

Casino cuts 2019 French profit goal as strikes weigh on fourth quarter

French retailer Casino , which is closing unprofitable stores at home and selling other assets to cut debt, slashed its forecast on Thursday for 2019 French operating profit growth due to the impact of transport strikes in the fourth quarter.

Richemont’s strong sales in mainland China offset contraction in Hong Kong, Japan

Richemont , the world's second-biggest luxury goods group, reported on Friday a 4% rise in third quarter sales, helped by double-digit growth in China and South Korea, which offset tumbling sales in Hong Kong and Japan.

Low rates bruise Bank of America profits into 2020

Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.

PNC Financial quarterly profit beats on higher loan growth

老虎机技术打法PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.

Billionaire Ambani's Reliance posts record profit on consumer strength

Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted another record quarterly profit on Friday, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions.

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Markets News

China will increase imports from U.S. according to 'market principles': official

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

Mexican official eyes stronger ties with China after U.S. trade deal

With market at record highs, eyes on reports from chipmakers

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