Text size Photograph by Andrew Burton / Getty Images BlackRock’s second-quarter earnings increased 22% to $ 7.85 per share higher than expected, while net flows plummeted during the period of market uncertainty. The increase in earnings partly reflected a lower share count after BlackRock (BLK) repurchased part of PNC Financial …
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Visitors pass through the entrance to the Ericsson AB pavilion at the Mobile World Congress in Barcelona, Spain, on Tuesday February 26, 2013. Simon Dawson | Bloomberg via Getty Images Sweden’s Ericsson reported quarterly basic earnings ahead of market estimates on Friday, fueled by an increasemargins on the sale of …
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Text size The Goldman Sachs building is seen in lower Manhattan Photograph by Spencer Platt / Getty Images Goldman Sachs Group has just reported an explosive quarter, thanks to an increase in trade and subscription, but Wall Street wonders how long the good times will last. The investment bank’s shares …
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Text size Spencer Platt / Getty Images Wells Fargo shares sank after the bank reported worse-than-expected results this week, but they are rising on Wednesday after Evercore ISI upgraded the lender. Analyst John Pancari raised his rating on Wells Fargo (WFC) to outperform In Line, saying the bad news has …
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Text size Cindy Ord / Getty Images Citigroup reported better-than-expected results for the second quarter, but the news failed to raise the stock. Earnings for Citigroup (ticker: C) totaled $ 1.3 billion, or 50 cents a share, better than the 35 cents stock analysts expected, but 73% below earnings of …
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