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January 20, 2020
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Breaking News: Earnings

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Morgan Stanley Earnings Q4 2019 beat estimates

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CNBC – For more and to sign up click here James Gorman David A. Grogan | CNBC Morgan Stanley posted profit and revenue that exceeded analysts’ expectations. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts......
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Goldman Sachs dumped its entire stake in Uber late last year

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CNBC – For more and to sign up click here Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely......
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Bank of America (BAC) earnings Q4 2019

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CNBC – For more and to sign up click here Bank of America posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank on Wednesday posted fourth-quarter profit of $7 billion, a 4% decline from a year earlier, or 74......
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Citigroup earnings beat expectations on 49% fixed-income trading surge

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CNBC – For more and to sign up click here Citigroup reported Tuesday quarterly results that easily beat analyst expectations, driven by strong fixed-income trading revenues along with growing sales from the bank’s consumer business. Here’s what analysts are expecting to see from the banking giant’s results: Earnings: $1.90 per......
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Wells Fargo (WFC) earnings Q4 2019

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CNBC – For more and to sign up click here Wells Fargo on Tuesday said fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results. Earnings: 93 cents per share versus $1.12 per share forecast by Refinitiv Revenue: $19.86 billion versus $20.14 billion forecast......
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Delta (DAL) earnings Q4 2019

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CNBC – For more and to sign up click here A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines‘ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets —......
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JP Morgan Chase (JPM) earnings Q4 2019

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CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall......
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Bed Bath & Beyond (BBBY) earnings Q3 2019

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CNBC – For more and to sign up click here Shoppers walk past a Bed Bath & Beyond store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Bed Bath & Beyond withdrew its fiscal 2019 outlook on Wednesday, saying that it would reveal its strategic plans in early 2020.......
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Lululemon earnings beat estimates, but shares fall on weaker-than-expected outlook

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Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. Source link: Click here for more...
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RH third-quarter earnings top estimates, prompting company to raise 2019 outlook

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RH, formerly Restoration Hardware, posted third-quarter earnings that topped analysts’ estimates and raised its 2019 forecast. Source link: Click here for more...
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Macy’s shares fall on sales miss, retailer slashes outlook

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Earlier in the week, Kohl’s delivered dismal results that led to a broader selloff among department store retailers, including Macy’s and Nordstrom. Source link: Click here for more...
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L Brands sales fall short as Victoria’s Secret declines accelerate, shares rise from 52-week low

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L Brands turned in mixed third-quarter results Wednesday as declining sales at Victoria’s Secret have continued to weigh its performance. Source link: Click here for more...
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L Brands CEO Les Wexner’s future could be at stake as Epstein ties, falling stock haunt him

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Unlike some other wealthy and powerful associates of Jeffrey Epstein, who died this year, Wexner has yet to face consequences for his relationship with the accused child sex trafficker. Source link: Click here for more...
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Target is cutting costs by 90% thanks to its same-day delivery options, CEO says

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Target’s business is booming thanks to the investments the retailer has been making to make it as easy as possible for shoppers to buy things online and get them that same day. Source link: Click here for more...
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Target shares surge after company crushes earnings and raises forecast

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Target earnings and sales trounced analysts’ estimates, marking a bright spot in retail. Source link: Click here for more...

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