Business

AmEx profit tops estimates as record splurge on rewards woos customers

(Reuters) - Credit card issuer American Express Co easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening U.S. economy contributed to higher customer spending.

Business

Abbott's quarterly profit, sales beat Street estimates

(Reuters) - Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches.

Business

Morgan Stanley profit beats estimates on trading boost

(Reuters) - Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks.

Business

United Airlines profit rises with higher fares

NEW YORK (Reuters) - United Airlines said on Tuesday quarterly profit rose, as higher fares helped offset the costs of fuel and a rash of winter storms.

Technology

IBM full-year profit forecast misses, shares fall

(Reuters) - International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading.

Business

Goldman trumps profit estimates as bond trading shines

(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.

Business

UnitedHealth profit beats on strong growth across businesses

(Reuters) - UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat Wall Street estimates, fueled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year.

Business

J&J quarterly profit beats on demand for cancer drugs

(Reuters) - Johnson & Johnson reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by growing demand for its cancer drugs.

Business

BofA profit beats estimates on higher interest rates, loan growth

(Reuters) - Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.

Business

Wells Fargo faces $1 billion fine from loan abuses

(Reuters) - Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results.

Business

Citigroup profit rises 13 percent on consumer banking, lower taxes

(Reuters) - Citigroup Inc reported a 13 percent increase in quarterly profit on Friday, driven by lower taxes and higher consumer banking revenue.

Business

JPMorgan profit just below forecast on weak investment banking

(Reuters) - JPMorgan Chase & Co's quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from U.S. corporate tax changes and higher interest rates.

Business

Asset manager BlackRock reports 26.8 percent rise in first-quarter profit

(Reuters) - BlackRock Inc , the world's largest asset manager, on Thursday reported a 26.8 percent rise in first-quarter profit, helped by lower tax rate and higher advisory fees.

Business

Morgan Stanley CEO James Gorman pay up 20 percent in 2017

NEW YORK (Reuters) - Morgan Stanley Chief Executive James Gorman's overall pay rose 20 percent to $27 million last year during a period that saw the firm's net revenues rise 10 percent and pre-tax profit margin rise 18 percent, according to bank filings

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