Weak earnings drag US stocks lower in early trade


Weak earnings drag US stocks lower in early trade

NEW YORK After hitting a record high the day before, the stock market moved lower in early trading Thursday as investors reacted to disappointing results from Best Buy, Citigroup and the railroad operator CSX.

U.S. bank profits continue gains

Bank of America is the latest of the big U.S. financial institutions to release strong earnings figures, after Citigroup and Goldman Sachs earlier this week.

US bank earnings rose 21 pct in Q2, lending up

The Federal Deposit Insurance Corp. said Tuesday that the banking industry earned $34.5 billion in the second quarter, up from $28.5 billion in the second quarter of 2011.

US bank earnings hit five-year high in Q1

Number of troubled banks fall for fourth straight quarter. 28 May 2012 12:18 PM

Nation's bank earnings rise to 5-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.

Despite rally, banks expect lower earnings

Spring cleaning arrived early for big U.S. banks this year.

National Bank tops profit forecasts

Company posts $332-million in earnings, benefits from growth in personal, commercial banking

P.F. Chang earnings lower than expected

The temporary closure of eight Pei Wei Asian Diner restaurants in Arizona because of an identity-theft investigation contributed to a lower-than-expected first-quarter profit reported Wednesday by the chain’s parent, P.F. Chang’s China Bistro Inc. (43 …

Apple: The Core of Every Portfolio?

Steve Jobs is ill again. But the earnings outlook is terrific for at least two more years, and the stock looks cheap. (5 hours ago)

NewsWatch: Stocks reel on Egypt; Dow halts weekly wins

U.S. stock losses deepen Friday, dragged lower by disappointment over Microsoft, Ford and Amazon earnings, and a drop in consumer sentiment. (6 hours ago)