Jan 12 Reuters Bank of America39;s fourthquarter profit shrank as the lender took 3.7 billion in combined charges to refill a government deposit insurance fund and phase out a loan index. Its net interest income NII the difference between what banks earn from loans and pay to depositors fell 5 to 13.9 billion as the company […]

Jan 12 Reuters Wells Fargo39;s profit beat fourthquarter expectations on cost cuts, but the lender warned that 2024 net interest income could be 7 to 9 lower than a year earlier, sending its shares down 1.9 before the bell. Rising borrowing costs have benefited banks that charged borrowers more on interest, but with market participants expecting […]

Jan 12 Reuters JPMorgan Chase reported its best ever annual profit and forecast higherthanexpected interest income for 2024 even as its quarterly profit fell after it took a nearly 3 billion charge to replenish a government deposit insurance fund. The largest U.S. lender has benefited from its acquisition of failed First Republic Bank in May that brought in […]

CHICAGO, Jan 12 Reuters Delta Air Lines on Friday scaled down its profit outlook for the current year, citing supply chain issues and macroeconomic uncertainties, sending its shares down about 6 in premarket trading. The outlook cut weighed on other airline stocks, with United Airlines and American Airlines down about 5 before the bell. Southwest Airlines also fell 3.2. […]

FRANKFURT, Jan 12 Reuters A backlog of incomplete deals and an uncertain economic outlook mean German dealmakers are predicting a quiet first quarter and a relative fee famine until 2025 in Europe39;s biggest economy. Financial and legal advisers point to a darker macroeconomic outlook for Germany, which saw four deals totalling 113 million in the […]

BlackRock to pay 3 bln in cash and roughly 12 mln in shares Cohen new chief product officer, GIP39;s Ogunlesi to join board BlackRock had been on the hunt for big acquisition Quarterly profit 9.66 per share vs forecast 8.84 NEW YORKLONDON, Jan 12 Reuters BlackRock said on Friday it would buy Global Infrastructure Partners GIP […]

Jan 12 Citigroup reported a 1.8 billion loss for the fourth quarter on charges to refill a government deposit insurance fund and other oneoff costs, and said it expects to further reduce its headcount. Shares in the bank climbed 3 in premarket trading on Friday after CEO Jane Fraser described 2024 as a turning point year […]

Reuters Budget hotel operator Wyndham Hotels Resorts said on Thursday it has received a second request from the U.S. Federal Trade Commission seeking more information related to a 7.8 billion takeover offer by Choice Hotels. The second request, which is issued in only around 1 of deals reviewed by the FTC, marks the start of a […]

Reuters Airbus reported record annual jet orders and confirmed an 11 rise in 2023 deliveries on Thursday, maintaining the top manufacturing spot against rival Boeing for a fifth year. As airlines scramble to renew fleets, Airbus said it had won 2,319 gross orders and 2,094 net orders after cancellations. Confirming a Reuters report, it said it delivered 735 […]

Had warned on outlook in November Q3 revenue falls 7 Sees 202324 profit of 410460 mln stg Shares down 7 LONDON, Jan 12 Reuters British luxury fashion brand Burberry warned on its full year profit outlook for the second time in three months on Friday, blaming a further slowing in global demand in the run up […]