Category: earnings
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Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
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Goldman Sachs has announced it will remove the bonus cap for hundreds of senior UK bankers, enabling star employees to receive bonuses of up to 25 times their annual salary. Richard Gnaud, CEO of Goldman Sachs International, revealed the change in a video message to employees, noting that it is…
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Magna shares tumble 5% on earnings miss By Investing.com
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Aurora, Ontario – Magna International (NYSE:) Inc. (TSX: MG; NYSE: MGA) reported a significant earnings loss in the first quarter of 2024. The auto supplier reported adjusted earnings per share (EPS) of $1.08, below analyst consensus of $1.25. Despite meeting revenue expectations of $10.97 billion, which was in line with…
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S&P 500 companies report bumper earnings but stocks not rewarded
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Breadcrumb links Investor 79% of S&P 500 companies beat earnings expectations, but stock recovery did not materialize Article writer: Bloomberg News Sagarika Jaisinghani and Natalia Knyazevic Published on May 2, 2024 • Last updated 8 minutes ago • 3 minutes read You can save this article by registering for free…
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European shares slip at open in earnings tide, Fed outcome By Reuters
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(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…
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ADP reports earnings ahead of analyst estimates By Investing.com
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ROSELAND – The Automated Data Processing Company (NASDAQ:) posted a modest beat on third-quarter earnings, with adjusted EPS of $2.88, beating analysts’ estimates of $2.79. The company’s revenue also saw a slight increase, reaching $5.25 billion, slightly above the consensus estimate of $5.23 billion. The company’s shares saw a slight…