By Nupur Anand NEW YORK (Reuters) – Wells Fargo (NYSE:WFC) is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal, according to three sources familiar with the situation. The punishment could be removed as early as…
Investing.com — Shares of Enagás (BME:ENAG) inched up on Tuesday following an upgrade from JPMorgan, which raised the stock’s rating to “neutral” from “underweight”. This revision comes as analysts believe that much of the uncertainty clouding the company’s prospects is now adequately reflected in its valuation. The brokerage’s end-2026 price target for Enagás has been…
Investing.com — Burlington Stores (NYSE:BURL) saw its shares slide more than 6% in Tuesday’s premarket trading after the company’s fourth-quarter forecast for earnings and comparable sales growth missed expectations. For the third quarter of fiscal 2024, the department store retailer posted earnings per share (EPS) of $1.55, just above analysts’ expectations of $1.54. Revenue for…
(Reuters) -Kohl’s on Tuesday forecast a bigger drop in annual sales than previously expected, in a sign the department-store chain is struggling to draw in shoppers ahead of a deal-heavy holiday shopping season. Shares of the Menomonee Falls-based company were down about 11% before the bell, as it also posted the eleventh consecutive quarter of…
Kohl’s Corp (NYSE:KSS) shares tumbled 11% after the retailer reported disappointing third-quarter results and significantly lowered its full-year outlook, citing weak apparel and footwear sales. The department store chain posted adjusted earnings per share of $0.20 for the quarter ended November 2, falling short of analysts’ expectations of $0.31. Revenue declined 8.8% YoY to $3.51…
(Reuters) -Best Buy cut its annual profit and sales forecasts on Tuesday, in a sign that the holiday shopping season would be marked by aggressive discounts and tepid demand for pricey electronics such as televisions and home theater systems. Shares of the company fell 7% in premarket trade. They have gained 18.8% so far this…
The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction. It’s a cold reality for many retirees. According to the Life Cycle Hypothesis, this shouldn’t need to happen. A retiree who is financially prepared for retirement should keep…
B&B Department Store’s Lavallette Women’s location in New Jersey on November 20. Americans plan to spend $902 on average this year on gifts, food, decorations and other seasonal items, according to the National Retail Federation.Courtesy Jeffrey Davidson/B&B Department Store CNN — Santa’s checking his list, elves in tow, as a model sailboat and selection of…
Investing.com — Compass Group (LON:CPG) on Tuesday reported in-line results but flagged concerns over exceptional charges and cautious forward guidance. Compass reported fiscal 2024 revenues of $42.2 billion, reflecting organic growth of 10.6%, slightly above the consensus of 10.5%. EBITA matched expectations at $2.998 billion, with underlying margins in line at 7.1%. The company also…
TOKYO (Reuters) – Fortress Investment Group is considering buying an intermediate holding company that has the Ito-Yokado supermarket chain under its wing from Seven & i Holdings, TV Tokyo said on its website on Tuesday. Earlier in the day, Kyodo news agency reported that trading firm Sumitomo Corp is planning to take part in the…
