Investment Banking Bounceback Powers Big U.S. Lenders

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity. 


 
Morgan Stanley Stock Rises as Earnings Top Expectations in New CEO's First Quarter

The earnings come days after a report that federal regulators are looking into the vetting of customers at a core business. 


 
Louis Vuitton Owner LVMH Posts Lower Revenue, Misses Analysts' Forecasts

Revenue for the first three months of the year came in at EUR20.69 billion, down 2%. 


 
Adidas Raises Annual Profit Forecast

Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter. 


 
Planet Fitness Taps Colleen Keating as New CEO

The fitness center franchiser and operator said Keating succeeds Craig Benson, who was serving as chief executive on an interim basis. 


 
Tesla's earnings pressure builds as 'gut-punch' executive departure is confirmed

Tesla Inc. confirmed large-scale job cuts on Tuesday, as well as the departure of a key executive - moves that add pressure ahead of the company's earnings report next week. 


 
UnitedHealth Stock Jumps After Earnings Beat Expectations, Despite Cyberattack

The healthcare and insurance company expects the attack to hit its full-year earnings. 


 
Johnson & Johnson's stock falls as profit beats but sales fall short

Johnson & Johnson's stock was on pace for its lowest close since late 2020 on Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell slightly short of expectations. 


 
PNC Stock Is Edging Lower. Earnings Beat but Revenue Disappointed.

Regional bank PNC Financial reports both first-quarter earnings and revenue that slipped from a year ago. 


 
Trump's Truth Social Stake Shrinks by $3 Billion After Stock Tanks

Shares are down about 60% from a recent peak after the first three weeks of trading.


(END) Dow Jones Newswires

04-16-24 1315ET