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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..

Delta Third-Quarter Earnings Top Estimates

Delta Third-Quarter Earnings Top Estimates

On Wednesday, Delta Air Lines, Inc. (NYSE: DAL), which is the largest U.S. airline by market capitalization, announced its financial results for the third quarter of 2017. Both earnings and revenue for the September quarter beat estimates, desp..

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Co. (NYSE: LUV) reported that their third quarter sales will take a $100 million hit due to this year’s natural hurricanes and earthquakes resulting in 5,000 cancellation flights through Wednesday.Recently U.S. airlines hav..

Wells Fargo Reports Progress on Second Half Expenses

Wells Fargo Reports Progress on Second Half Expenses

On Tuesday, the Chief Executive of Wells Fargo & Co (NYSE: WFC) says that the company is expecting to gain better control of costs in relation to revenues as they try to recover from a sales scandal. The company’s expenses will likely acco..

Delta Air Lines Announced Worse-than-Expected Financial Results for the Second Quarter

Delta Air Lines Announced Worse-than-Expected Financial Results for the Second Quarter

On Thursday, the Atlanta, GA based Delta Air Lines, Inc. (NYSE: DAL) announced its financial results for the June quarter 2017, with both earnings and revenues missing estimates.According to the company, operating revenue increased 3.3% to $10,791 m..

China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd

China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd

For $6.3 million, China’s Cosco Shipping Holdings Co. decided to buy a controlling stake in Hong Kong based Orient Overseas International Ltd. (OOIL) This resulted in a deal that would expand China’s container shipper services, making it..

Good Period Ahead For Airlines

Good Period Ahead For Airlines

The market seems to be upbeat about the airlines segment and this is showing in the stock prices of major players in this sector. All the four top airlines have recorded some heartening improvements in stock prices in the recent times. The benefits ..