US Stock Reports, Quotes and News
Investing.com– Taiwan Semiconductor Manufacturing Corp (TW:2330) (NYSE:TSM), or TSMC, clocked a stronger-than-expected first-quarter profit on Wednesday as the world’s largest contract chipmaker benefited from increased demand in the rapidly-growing artificial intelligence industry.
Investing.com — CSX reaffirmed its full-year outlook on Wednesday after first-quarter results topped analysts\’ estimates even as the railroad company experienced a drop in profit amid lower margins.
Investing.com — Discover Financial Services reported mixed first-quarter results Wednesday as earnings missed, but revenue beat analyst forecasts.
Las Vegas Sands Corp. (NYSE:LVS) reported first-quarter earnings and revenue that topped analyst expectations.
ABB Ltd (SIX:ABBN). (ABBNY) shares jumped more than 5% in European trading Thursday after the company hiked its profitability outlook for 2024.
CrossFirst Bankshares, Inc. (NASDAQ:CFB) has announced positive financial outcomes for the first quarter of 2024, with total assets reaching a new high of $7.5 billion and an 8% annualized loan growth. The company reported a net income of $18.2 million, translating to $0.36 earnings per share, marking a 3% increase from the previous quarter.
Mercantile Bank Corporation (NASDAQ:MBWM) announced strong financial outcomes for the first quarter of 2024, with earnings of $1.34 per share and revenues of $58.2 million. The bank declared a cash dividend of $0.35 per share, while emphasizing growth in core local deposits, asset quality, and a solid commercial loan pipeline.
Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.
Morgan Stanley (MS) has reported robust first-quarter results for 2024, marking a significant surge in its wealth management business. The firm announced $15 billion in revenue, alongside an earnings per share (EPS) of $2.02 and a return on tangible equity of 20%. The company\’s wealth management division recorded record revenues and net new assets totaling $95 billion.
Northern Trust Corporation (NASDAQ:NTRS) reported a net income of $215 million for the first quarter of 2024, with earnings per share at $0.96. The company highlighted strong growth in assets under custody and administration, alongside assets under management, due to favorable equity markets and client inflow.
NEW YORK – Omnicom Group Inc. (NYSE: NYSE:OMC) announced its first-quarter earnings, surpassing analyst expectations with an adjusted EPS of $1.67, which was $0.13 higher than the consensus estimate of $1.54. Revenue for the quarter also exceeded forecasts, coming in at $3.63 billion against the anticipated $3.61 billion.