Bank of America recently released its first-quarter earnings report, which surpassed analysts' expectations for both profit and revenue. The bank reported earnings of 83 cents per share adjusted, exceeding the expected 76 cents per share. Additionally, revenue came in at $25.98 billion, higher than the anticipated $25.46 billion. Despite a decline in profit of 18%
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Morgan Stanley, the renowned financial institution, reported exceptional results in the first quarter of 2022 that surpassed analysts' estimates. The company outperformed in terms of both profit and revenue, demonstrating the strength of its wealth management, trading, and investment banking divisions. Earnings per share stood at $2.02, significantly higher than the anticipated $1.66, while revenue
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The forecasts for industrial production and retail sales in China are indicating weaker trends. Economists are expecting retail sales to increase by 4.5% year-on-year in March, following a 5.5% rise in February. Similarly, industrial production is predicted to grow by 5.4% year-on-year in March, after a 7.0% increase in February. These numbers hold significant importance
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Freetrade, a British stock trading app, achieved breakeven earlier this year, a significant milestone for the company. The move into profitability comes after incurring full-year losses in 2023. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) reached £100,000 ($124,863) in the first quarter of 2024, as per unaudited financial statements shared with CNBC. Despite
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