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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 ..

Snapchat sells 150,000 Spectacles; is it enough to recover?

Snapchat sells 150,000 Spectacles; is it enough to recover?

Snap Inc.’s (NYSE: SNAP) CEO, Evan Spiegel, said on Tuesday that the company has sold approximately 150,000 of its camera glasses or Spectacles. Spiegel delivered the announcement in a conversation with Walter Isaacson, president and CEO of th..

Jeff Immelt to Retire as Chairman of GE Three Months Earlier than Planned

Jeff Immelt to Retire as Chairman of GE Three Months Earlier than Planned

General Electric Company (NYSE: GE) announced that Jeff Immelt would retire as chairman and leaving the board around three months earlier than previous planned as the transition is going smoothly and his successor needed control to make difficu..

Caterpillar Beats Expectations, 2017 Forecasts raised

Caterpillar Beats Expectations, 2017 Forecasts raised

According to an article from Reuters, Caterpillar, Inc. (NYSE: CAT) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from Chin..

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup, Inc. (NYSE: C) announced that they have chosen Frankfurt as their newest trading hub in the European Union and hopes that the board of directors will approve with this decision. This expansion will create between 150 and 250 new role..

Vantiv Buy’s Britain Worldpay

Vantiv Buy’s Britain Worldpay

Vantiv, Inc. (NYSE: VNTV)London-based Worldpay was set up in 1989 and has 4,500 employees processing around 31 million mobile, online, and in store transactions each day. They have gained quite a large market share as consumers adopted cashless tran..