Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here's what the company reported: Earnings: 82 cents vs. 77 cents expected, according to LSEG Revenue: $25.5 billion vs. $25.19 billion expected The company said fourth-quarter profit more than...
Capital One acknowledges ‘outage’ as users report issues accessing deposits
Getty Images Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits. In response to complaints on social media platform X, a Capital One representative said the bank was experiencing a "tech outage" that was affecting "a variety of...
Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth
Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company closed up 14% on Thursday. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by...
Key Fed inflation measure shows 2.4% rate in November, lower than expected
Prices barely moved in November but still held higher than the Federal Reserve's target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed's preferred inflation gauge, showed an increase of just 0.1% from October. The...