United Airlines Holdings, Inc. (NYSE: UAL) is expected to publish first-quarter results today, after the closing bell, amid expectations for a mixed outcome. Listen to United Airlines‘ earnings call live and check the real-time transcript Wall Street will be looking for a loss per share of $0.57 for Q1, on an adjusted basis. The estimate represents an improvement from the year-ago quarter when the company incurred a loss of $0.63 per share. Analysts predict an 8.9% increase in revenues to $12.45 billion for the March quarter. United’s quarterly profit has topped expectations consistently ..read more

The Bank of New York Mellon Corporation (NYSE: BK) reported a double-digit increase in earnings for the first quarter of 2024 when the financial services provider’s revenues increased by 3%. Net income, adjusted for special items, increased to $1.29 per share in the March quarter from $1.13 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders was $953 million or $1.25 per share in Q1, vs. $911 million or $1.13 per share in the comparable quarter of last year. Fourth-quarter revenue was $4.53 billion, up 3% from the year-ago quarter. Assets u ..read more

UnitedHealth Group (NYSE: UNH) reported its first quarter 2024 earnings results today. Revenues increased 9% year-over-year to $99.8 billion. Net loss attributable to UnitedHealth Group common shareholders was $1.4 billion, or $1.53 per share, compared to net earnings of $5.6 billion, or $5.95 per share, last year. Adjusted EPS was $6.91. The company updated its full year 2024 outlook for EPS to $17.60-18.20 to reflect the Brazil sale and the estimated direct response costs of the cyberattack. It maintained its adjusted EPS outlook of $27.50-28.00. Prior performance The post Infographic: Ho ..read more

Banking giant Morgan Stanley (NYSE: MS) announced financial results for the first quarter of 2024, reporting an increase in revenues and net profit. Net income applicable to shareholders was $3.41 billion or $2.02 per share in the first quarter of 2024, compared to $2.98 billion or $1.70 per share in the same period a year ago. The bank’s revenues increased to $15.14 billion in Q1 from $14.52 billion in the corresponding period of 2023. It delivered ROTCE of 19.7%. Ted Pick, chief executive officer of Morgan Stanley, said, “In the first quarter of 2024 Morgan Stanley generated net revenues o ..read more

Bank of America (NYSE: BAC) reported its first quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $25.8 billion. Net income was $6.7 billion, or $0.76 per share, compared to $8.2 billion, or $0.94 per share, last year. Adjusted EPS was $0.83. Revenue and earnings beat expectations. The company returned $4.4 billion to shareholders through common stock dividends and share repurchases. Prior performance The post BAC Earnings: All you need to know about Bank of America’s Q1 2024 earnings results first appeared on AlphaStreet ..read more

Johnson & Johnson (NYSE: JNJ) reported first quarter 2024 earnings results today. Reported sales increased 2.3% year-over-year to $21.4 billion. The company reported net earnings of $5.3 billion, or $2.20 per share, compared to a loss of $491 million, or $0.19 per share, last year. Adjusted EPS increased 12.4% to $2.71. Earnings beat expectations while revenues came in line with estimates. For the full year of 2024, the company expects reported sales to range between $88.0-88.4 billion and adjusted EPS to range between $10.57-10.72. The stock stayed red in premarket hours on Tuesday. Pri ..read more

The Charles Schwab Corporation (NYSE: SCHW) reported first quarter 2024 earnings results today. Net revenues decreased 7% year-over-year to $4.74 billion. Net income available to common shareholders was $1.25 billion, or $0.68 per share, compared to $1.53 billion, or $0.83 per share, last year. Adjusted EPS fell 20% to $0.74. Cash and cash equivalents totaled $31.8 billion at quarter-end. Prior performance The post Charles Schwab (SCHW) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet ..read more

The Goldman Sachs Group, Inc. (NYSE: GS) reported its first quarter 2024 earnings results today. Net revenues were $14.21 billion, up 16% from the same period last year. Net earnings applicable to common shareholders increased 27% to $3.93 billion and EPS grew 32% to $11.58 compared to last year. Revenue and earnings beat expectations, sending the stock climbing over 3% in premarket hours on Monday. Assets under supervision increased $36 billion during the quarter to $2.85 trillion. Prior performance The post GS Earnings: All you need to know about Goldman Sachs’ Q1 2024 earnings results fi ..read more

Utility infrastructure service provider Centuri Holdings, Inc. has initiated an initial public offering as it seeks to spin off from parent company Southwest Gas Holdings and become an independent entity. In a statement filed with the Securities and Exchange Commission, the Phoenix-headquartered firm revealed plans to offer around 12.4 million shares of its common stock in an initial public offering. On completion of the offering, there will be about 86.66 million shares outstanding, which would value Centuri at $1.8 billion. The estimated issue price is between $18 and $21, at the mid-point ..read more

Banking giants JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), and Citigroup Inc. (NYSE: C) reported their earnings results for the first quarter of 2024 on Friday, with all three surpassing market expectations. Here’s a look at their performance for the first quarter: JPMorgan JPMorgan’s reported net revenue increased 9% year-over-year to $41.9 billion while its managed revenue rose 8% to $42.5 billion in Q1 2024. Net income grew 6% to $13.4 billion while EPS rose 8% to $4.44. Both revenue and earnings beat expectations. Net interest income grew 11% to $23.2 billi ..read more