![]() ![]() Įvangelical leader: Congregations are ‘either divided or tense’ over Trump. GOP senators: Trump’s legal problems won’t stop him from winning. Dow Jones Industrial Average (DJI) Charts, Data & News - Yahoo Finance Yahoo Finance Plus U.S. Student loan forgiveness: What to know as the Supreme Court mulls caseįox News, Dominion deny Tucker Carlson ouster a condition of settlement Schwarzenegger: Newsom White House bid ‘a no-brainer’ĭurham report slams FBI’s Trump-Russia probe Obama says leaving White House helped his marriageīipartisan group calls for investigation into Comer’s remarks about missing. McCarthy says work requirements a ‘red line’ in debt ceiling talks Weighing down on Wall Street Monday were stocks of companies that turned in worse results for the latest quarter than expected. Among the reasons some smaller and mid-sized banks gave for the forecast were wanting to take less risk and worries about deposit outflows. Not only that, the survey suggested banks widely expect to raise their standards over the course of 2023. That in turn could raise the risk of a recession that many investors already see as highly likely.Ī report from the Federal Reserve on Monday showed many banks tightened their lending standards during the first three months of the year. The larger concern for markets is that all the turmoil could cause banks to pull back on their lending. Weighed down by much higher interest rates, smaller and mid-sized banks are scrambling to assure Wall Street their deposits are secure and not at threat of seeing a sudden exodus, similar to the runs that toppled Silicon Valley Bank and others. They’ve been under heavy pressure as Wall Street hunts for the next weak link following three U.S. Several other smaller- and mid-sized banks also rose, including a 0.6% tick higher for Western Alliance Bancorp. It said on Friday night that it’s cutting its dividend to help it build its financial strength. ![]() PacWest Bancorp rose 3.6% to recover some of its 43% plunge last week. jobs, which calmed worries about a possible recession but raised concerns about high inflation, last week was dominated by fears about smaller and mid-sized banks. All those projections from United beat analysts' consensus forecasts of 46 cents a share for the first quarter and EPS of $6.92 for the full year.ĭespite the strong results and guidance shares of United were little changed in early trading Wednesday.Besides a strong reading on U.S. United said it expects to adjusted earnings per share of 50 cents to $1 in the first quarter, typically the weakest period of the year, and full year EPS of $10 to $12, allowing it to quadruple the 2022 EPS of $2.52 and putting the it within reach of the $12.05 per share it earned in 2019. ![]() But the amount passenger paid for each mile flow rose by 25%. Its revenue grew even though its capacity, as measured by available seats, adjusted for miles traveled, was still nearly 10% below the fourth quarter of 2019. Revenue reached $12.4 billion, topping not only forecasts of $12.2 billion, but a 14% increase from revenue of $10.9 billion in the fourth quarter of 2019, ahead of the pandemic. The profit gave United its first profitable year since the start of the pandemic. Analysts surveyed by Refinitiv had forecast earnings per share of $2.10 in the quarter. The Chicago-based airline had adjusted income of $811 million, or $2.46 a share in the quarter. United Airlines posted better-than-expected earnings and revenue for the fourth quarter and gave very bullish forecasts for the current quarter and full year results. In the Boston district, home sales were down 20% to 30% year over year.Ī Boeing 737-700 United Airlines flight landing at the new Terminal A at Newark Liberty International Airport in Elizabeth, N.J., on Thursday, January 12.
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