Fourth Quarter Earnings, Quarterly Earnings | featured news

Bank of America posts $1.2B loss

Bank of America reported Friday that it had a $1.2 billion loss in the fourth quarter of last year, including a previously announced charge of $2 billion reflecting a decline in the value of its home loans and insurance business.

 

Apple shares increase on upgrades

Apple receives vote of confidence as analysts raise their price target for the company's shares a day after it unveils record profits and revenues.

 

Wells Fargo 4Q profit up, aided by lower reserves

Wells Fargo & Co. says its fourth-quarter profit shot up, as it was able to lower the amount of reserves set aside to cover souring loans.

 

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