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Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo & Co. (NYSE: WFC) reported its third quarter earnings for fiscal year 2017. The bank missed estimates for revenue, which, along with the massive consumer scandal expenses, sent shares down over 3 percent on Friday.The bank repor..

Citi Beats on Third-Quarter Financial Results

Citi Beats on Third-Quarter Financial Results

On Thursday, Citigroup Inc (NYSE: C) announced its financial results for the third quarter of 2017. Both earnings and revenue beat previous estimates.According to the company, revenue increased 2% from $17.8 billion for the same period last year to ..

American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

AIG Will Restructure into Three New Business Units

AIG Will Restructure into Three New Business Units

On Monday, American International Group Inc (NYSE: AIG) announced that it will restructure into three new business units and the Commercial and Consumer units will be cut. This is the first major move by new Chief Executive Brian Duperreault, who to..

Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..

Movado Announced its Financial Results for the Second Quarter

Movado Announced its Financial Results for the Second Quarter

On Tuesday, Movado Group, Inc. (NYSE: MOV) reported its financial results for the quarter ended July 31, 2017. Both earnings and revenue beat expectations, and shares of the company rose 9% in premarket trade Tuesday.The company announced net sales ..

Tax Cut Odds Better with Trump Troubles

Tax Cut Odds Better with Trump Troubles

Chances of tax legislation seem better with increasing dysfunction and turmoil in Washington. Wall Street at least believe so. For Trump, the second week of August was a horrible period. President Donald J. Trump came under a barrage of criticism fo..