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One of the largest US banking groups, Wells Fargo & Co, in the financial statements, indicated the increase in profit to $22.39 billion. Compared with last year, an increase of 0.9%. The report for the fourth quarter showed a decline in profits by 1%, and revenue - by 4%. Diluted net income per share rose to $4.28, compared with $4.1 last year. The results of the year showed a decrease in revenue by 2.26% to $86.4 billion. Diluted earnings per share rose to $1.21 per share from $1.16 over last year. In the fourth quarter, the bank increased its profits due to the opening of deposits and growth in lending, and in the current 2019, Wells Fargo promises to reduce costs.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
Wells Fargo & Co (WFC), one of the biggest lenders for new and used car purchases in the United States, announced on Tuesday that it would stop accepting loan applications to a majority of its independent car dealer clients due to economic ...
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