January 19, 2021
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Wells Fargo says its profit topped Wall Street estimates in Q4

Wells Fargo & Co. (NYSE: WFC) said on Friday that its profit in the fiscal fourth quarter came in better than expected. But its revenue slid more than what analysts had anticipated in Q4. The bank said that its net interest income took a hit due to COVID-19 driven lower interest rates. Wells Fargo slid a little under 5% in premarket trading on Friday. Including the
Economy Finance & banking Industries North America Stocks & shares USA World

Citigroup’s revenue misses estimates in the fourth quarter

Citigroup Inc. (NYSE: C) said on Friday that its earnings in the fiscal fourth quarter came in better than expected. Revenue, it added, printed slightly lower than what analysts had anticipated. CEO Mike Corbat commented on the quarterly report on Friday and said: “As a sign of the strength and durability of our diversified franchise, our revenues were flat to 2019,
Economy Finance & banking Industries North America Stocks & shares USA World

JP Morgan tops analysts’ estimates for earnings and revenue in Q4

JP Morgan Chase & Co. (NYSE: JPM) reported its financial results for the fiscal fourth quarter on Friday that topped analysts’ estimates for earnings and revenue. The company attributed its hawkish performance to releasing money that it had previously set aside to cover for bad loans. JP Morgan shares, that you can learn to buy online here, were reported less than 1%
Economy Europe Finance & banking Industries Services Stocks & shares UK World

Ashmore reports a 9% growth in assets under management

Ashmore Group plc (LON: ASHM) said on Friday that its assets under management (AUM) saw a 9% annualised growth in the fourth quarter of 2020. The company valued its total AUM at £68.06 billion at the end of the year. Ashmore Group was reported more than 2% up in premarket trading on Friday, but it lost almost half of the intraday gain on market open. The money manager is
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BlackRock’s net income jumps to £1.13 billion in the fiscal fourth quarter

BlackRock’s net income jumps to £1.13 billion in the fiscal fourth quarter. The asset manager tops analysts' estimates for earnings and revenue. BlackRock values assets under management at £6.37 trillion as of the end of Q4. BlackRock Inc. (NYSE: BLK) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and
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IHS Markit reports a 1% annualised decline in its fourth-quarter revenue

IHS Markit reports a 1% annualised decline in its fourth-quarter revenue. The information provider tops analysts' estimates for profit in Q4. Markit says financial services revenue was 7% higher in the fourth quarter. IHS Markit Ltd. (NYSE: INFO) said on Wednesday that its adjusted profit in the fiscal fourth quarter topped analysts’ expectations. Revenue in Q4, however,
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NCR Corp proposes £1.28 billion in cash to buy Cardtronics plc

NCR Corporation proposes £1.28 billion in cash to buy Cardtronics plc. Cardtronics agreed to Apollo Global and Hudson Executive's bid in December. NCR wants to buy Cardtronics’ outstanding shares at £28.82 a piece. NCR Corporation (NYSE: NCR) said on Monday that it placed a bid for £1.28 billion in cash to buy Cardtronics plc (NASDAQ: CATM) that is currently set to be
Economy Europe Finance & banking Industries Services Stocks & shares UK World

Plus500 forecasts an over 100% growth in annual revenue

Plus500 forecasts an over 100% growth in annual revenue. Gal Haber to step down as the company's board director. Plus500 closed 2020 with a 65% gain in the stock market. In a statement on Tuesday, Plus500 Ltd (LON: PLUS) said that it expects an over 100% growth in its annual revenue. The company attributed the hawkish forecast to the Coronavirus pandemic that fuelled