Sectors News Results

  • Riksbank Still Sees Holding Key Rate at 0% Well Into 2024

    STOCKHOLM--Sweden's central bank said Tuesday that it still expects the key repo rate to remain unchanged at 0% in the years to come, with updated forecasts showing the repo rate remaining unchanged throughout its forecast horizon that runs to the second quarter of 2024.. The Riksbank said Sweden's economic recovery is well underway, despite increasing coronavirus infections. However, it said a continued expansionary monetary policy will be needed over the next few years to...

  • HSBC's First-Quarter Profit Soared as Expected Credit Losses Fell

    HSBC Holdings PLC's (HSBC) first-quarter net profit more than doubled from a year earlier, as the bank released allowances for expected credit losses due to an improved economic outlook. Net profit surged to $3.88 billion from $1.79 billion in the year-ago period, the U.K.-based, Asia-focused lender said on Tuesday. "The economic outlook has improved, giving us increasing confidence in our revenue growth plans," Group Chief Executive Noel Quinn said.

  • Stocks Rise After Strong Earnings, Economic Data

    U.S. stocks rose Thursday as blue-chip companies reported strong earnings and fresh economic data showed a sharp improvement in consumer spending and the labor market. The S&P 500 gained 0.7%, while the Dow Jones Industrial Average added 0.7%, or about 230 points, putting both indexes on pace for record closes. The technology-heavy Nasdaq Composite advanced 1.1%.

  • Stocks Rise After Strong Earnings, Economic Data

    U.S. stocks climbed Thursday as blue-chip companies reported strong earnings and fresh economic data showed a sharp improvement in consumer spending and the labor market. The S&P 500 gained 0.6%, and the Dow Jones Industrial Average added 0.5%. The Nasdaq Composite was up 0.9%, indicating tech shares might recover some ground after falling Wednesday.

  • Stock Futures Rise After Strong Earnings, Economic Data

    U.S. stock futures rose as blue-chip companies reported strong earnings and fresh economic data showed a sharp improvement in consumer spending and the labor market. Futures tied to the S&P 500 gained 0.7%. Contracts for the Dow Jones Industrial Average added 0.6%.

  • Wells Fargo Earnings Jump as Economy Bounces Back -- 4th Update

    Wells Fargo& Co. said earnings soared in the first three months of the year after the bank released some of the money it put aside for bad loans earlier in the pandemic. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.

  • Wells Fargo Earnings Jump as Economy Bounces Back -- 3rd Update

    Wells Fargo& Co. said earnings soared in the first three months of the year after the bank released some of the money it put aside for bad loans earlier in the pandemic. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.

  • Wells Fargo Earnings Jump as Economy Bounces Back -- 2nd Update

    Wells Fargo& Co. said earnings soared in the first three months of the year after the bank released some of the money it put aside for bad loans earlier in the pandemic. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.

  • Wells Fargo Earnings Jump as Economy Bounces Back -- Update

    Wells Fargo& Co. said earnings soared in the first three months of the year. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.

  • Wells Fargo Earnings Jump as Economy Bounces Back

    Wells Fargo& Co. said earnings soared in the first three months of the year. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.