Today: September 12, 2024
Today: September 12, 2024

Profits

Economy

Major US banks show profit boost, but cautious on outlook, consumer health

Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings.

Major US banks show profit boost, but cautious on outlook, consumer health
Business

Marlboro maker cuts profit forecast as smokers swap to cheaper brands

Tobacco giant Altria Group cut its annual profit forecast on Thursday as more smokers swapped its higher priced cigarettes for cheaper brands or smoking alternatives, sending the Marlboro

Marlboro maker cuts profit forecast as smokers swap to cheaper brands
Business

US bank profits to drop but industry stable after March crisis -analysts

U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank

US bank profits to drop but industry stable after March crisis -analysts
Business|Economy

Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels

Three of the nation’s biggest banks say their profits fell last quarter

Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels
Business

Analysis-Airlines test fliers' tolerance for high prices to bolster profits

U.S. and European airlines will aim to boost profits again this year with higher ticket prices as they try to squeeze what they

Analysis-Airlines test fliers' tolerance for high prices to bolster profits
Business|Economy|News

Shell earns $1 billion a year from US crude trading, court filing shows

Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets.

Shell earns $1 billion a year from US crude trading, court filing shows
Business|Economy

E.ON posts stable Q1 profits, raises investments by a quarter

E.ON on Wednesday posted first-quarter profits that were roughly stable year-on-year, adding that investments were up by around a quarter as Europe's biggest operator of energy

E.ON posts stable Q1 profits, raises investments by a quarter
Business|Economy

U.S. bank profits jump 79.5% as large firms shake off failed bank costs

Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in

U.S. bank profits jump 79.5% as large firms shake off failed bank costs
Business|Economy

Citi emphasizes regulatory fixes as it lays out growth targets

Citigroup is stepping up efforts to fix regulatory problems as it seeks to boost future profits, the bank's top executives told investors on

Citi emphasizes regulatory fixes as it lays out growth targets

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