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
Earning
With the upcoming release of Goldman Sachs’ first-quarter earnings report, there is a sense of anticipation on Wall Street for positive results. Analysts are projecting earnings of $8.56 per share and revenue of $12.92 billion. This comes after the CEO, David Solomon, faced challenges over the past year. Goldman Sachs will be compared to its
The U.S. stock futures market saw a slight increase as investors eagerly awaited earnings reports from major banks. Dow futures experienced a rise of 73 points, while S&P 500 and Nasdaq futures also showed modest gains. The surge in tech stocks, particularly in the Nasdaq, closing at a record high with a 1.68% jump, was
JPMorgan Chase is set to reveal its first-quarter earnings before the market opens this Friday. Wall Street analysts are anticipating earnings of $4.11 per share, along with revenue of $41.85 billion. Additionally, net interest income is expected to reach $23.18 billion, with trading revenue estimated at $5.19 billion for fixed income and $2.57 billion for
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