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Wells Fargo beats on earnings, sets aside $1 billion for legal woes
Wells Fargo reported third quarter earnings Friday, showing mixed results for the scandal-ridden bank.The bank delivered adjusted earnings of $1.04 per share, slightly above the $1.03 per share Wall...
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Morgan Stanley crushes earnings (MS)
Morgan Stanley crushed Wall Street expectations for third-quarter results Tuesday, thanks to strong performance from its dealmakers and its wealth-management unit.The investment bank reported earnings...
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Morgan Stanley is making a boatload of cash lending money to rich people —...
Morgan Stanley's wealth-management business produced record revenue in the third quarter.Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $100,000 at...
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Morgan Stanley crushes earnings (MS)
Morgan Stanley crushed Wall Street expectations for third-quarter results Tuesday, thanks to strong performance from its dealmakers and its wealth-management unit.The investment bank reported earnings...
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Netflix's foray into merchandising could be a multi-billion dollar business
During Tuesday's third quarter earnings call, Netflix CEO Reed Hastings and other executives donned"Stranger Things" Christmas sweaters with embroidered blinking lights in a stunt designed to promote...
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Morgan Stanley is making a boatload of cash lending money to rich people —...
Morgan Stanley's wealth-management business produced record revenue in the third quarter.Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $100,000 at...
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IBM's stock just surged almost 10%, and Morgan Stanley thinks the company is...
IBM's stock surged nearly 10% on Wednesday following a better-than-expected earnings report.Morgan Stanley sees reasons to be hopeful about the company, but other analyst firms are less optimistic.The...
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Most Netflix subscribers don't even bother with Hulu or HBO Now
In the online streaming video business, there's Netflix — and everybody else. That's true not only when it comes to the number of subscribers, where Netflix leads by far, but also in terms of the...
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Amazon's stock skyrockets toward $1,040 on strong earnings (AMZN)
Thursday afternoon was tech earnings mania with Amazon, Alphabet, Intel, and Microsoft all both reporting earnings and beating expectations across the board.Google's parent company Alphabet beat...
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Despite growing its monthly users in Q3, Twitter is still far behind other...
In its Q3 earnings call on Thursday, Twitter reported that it had been miscalculating monthly user numbers since the fourth quarter of 2014. As a result, it was forced to lower previously reported...
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DIGITAL HEALTH BRIEFING: Anthem prepares to launch digital health hub — FDA...
Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence.Sign...
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Amazon is now the size of a small country
Amazon's workforce is now larger than the population of dozens of small countries.On Thursday, the e-commerce retailer revealed that it employed 541,900 people at the end of the third quarter. That's...
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If not for its cloud business, Amazon would be posting big losses (AMZN)
Amazon's cloud business has become the company's gold-egg-laying goose. For much of the last two years, Amazon Web Services — the company's cloud computing unit — has accounted for a sizeable chunk of...
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To keep its revenue growing, Facebook needs to look outside the US (FB)
Yesterday, Facebook reported its Q3 earnings, beating expectations for user numbers and revenue. Despite its continual growth, Facebook has repeatedly warned that because it can only show so many ads,...
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DIGITAL HEALTH BRIEFING: Fitbit reports disappointing Q3 — AR helping to...
Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence.Sign...
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Snap is pulling in about $1.17 in revenue per user — far less than Facebook...
As was pretty clear from Snap's earnings report Tuesday — just its third since going public in March — the teen chat app maker has a lot to work on. Its revenue isn't growing as quickly as expected,...
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Roku users are streaming an insane amount of video hours (ROKU)
Roku crushed its first-ever earnings report as a public company on Wednesday, thanks largely to the massive growth of its platform business. This business includes revenue from advertising and...
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Tencent joins Facebook, Apple, and Amazon in the $500 billion club
Chinese tech giant Tencent has had a stellar year, and on Tuesday, it became the first Asian company to be worth more than $500 billion. As we can see in this chart from Statista, the company is now...
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Jefferies has crushed it with a record year in investment banking (LUK)
Independent investment bank Jefferies had a record year in 2017.The bank posted all-time highs in revenues and profit thanks to strong debt and equity underwriting. LONDON, Dec 19 (IFR) - Jefferies has...
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