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Category Breaking News

Bank of America (BAC) Q4 2024 Earnings

Bank of America on Thursday posted results that beat expectations for profit and revenue on better-than-expected investment banking and interest income. Here’s what the company said: income: 82 cents vs. 77 cents expected, LSEG said income: $25.5 billion vs. $25.19…

Morgan Stanley (MS) Q4 2024 Earnings

Ted Peek, CEO of Morgan Stanley, speaking on CNBC’s Squawk Box at the annual meeting of the World Economic Forum in Davos, Switzerland on January 18, 2024. Adam Galitsky | CNBC Morgan Stanley beat fourth-quarter earnings and revenue estimates on…

BP to cut 4,700 jobs to cut costs

Oil giant BP will cut around 4,700 jobs, more than 5% of its total workforce, as part of its cost-cutting plans. The British firm, which has a global workforce of around 90,000, confirmed the job losses on Thursday but did…