Breaking News
Jan 17, 2023
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United Air said fourth quarter revenue rose to $12.4 billion from $8.2 billion and swung to a net income of $843 million from a loss of $646 million or earnings of $2.55 from a loss of $1.99 per share
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Wipro Ltd said December quarter revenue rose 14.4% to ₹23,200 crore and net income increased 2.8% to ₹3,050 crore or ₹5.57 a share. Attrition rate fell to 21.2% from 23% in the previous quarter.
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JPMorgan said fourth quarter revenue rose 18% to $34.5 billion and net income increased 6% to $11 billion or $3.57 a diluted share.
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BofA said fourth quarter revenue rose 11% to $24.5 billion and net income edged up to $7.1 billion from $7.0 billion and diluted earnings per share increased to 85 cents from 82 cents a year ago.
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Citigroup said fourth quarter revenue increased 6% to $18 billion and net income fell to $2.5 billion from $3.2 billion and earnings per share decreased to $1.16 from $1.46 a year ago.
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Wells Fargo fourth quarter revenue declined 6% to $19.6 billion and net income plunged 57% to $2.8 billion from $5.7 billion and earnings per share fell to 67 cents from $1.38 a year ago.
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Global markets rally lifted the U.S. indexes between 2.5% and 5.0% and European markets between 1.5% and 3% for the week.
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The S&P 500 index extended weekly gain to 2.7% and the Nasdaq Composite index soared 4.8% after recession worries eased.
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China's exports rose 7.7% and imports edged up 1.1% resulting in record trade surplus of $877.6 billion in 2022, despite the global slowdown and economic uncertainties.
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China's consumer price index rebounded
Jan 13, 2023
Jan 12, 2023