quarterly earnings

Friday was third-quarter earnings day at both Bank of America and Wells Fargo.  BofA beat Wall Street expectations with a bigger profit than a year ago. But Wells Fargo investors were disappointed, as legal expenses related to past mortgage practices contributed to a sharp drop in profits.

More Home Improvements, Bigger Profit For Lowe's

Nov 18, 2015
www.lowes.com

Lowe's increased its profit for the most recent quarter by 26 percent compared to the same period a year ago. The earnings report for the Mooresville-based home improvement company beat analyst expectations.

Although the overall retail market has been weak lately, Lowe's earnings show a growing number of consumers willing to upgrade appliances, renovate decks and take on other home projects.

On a call with investors, CEO Robert Niblock said the company's same-store sales in the U.S. increased 5 percent compared to the same quarter a year ago.

Legal Bills Hurt Bank Of America Again In Q2

Jul 16, 2014
Julie Rose / WFAE

Bank of America announced its second quarter earnings Wednesday morning. The nation’s second-largest bank returned to earning a profit, but missed analysts’ expectations, as it still feels the effect of bad mortgages.


Duke Earnings Up In 4th Quarter

Feb 18, 2014

Duke Energy reported a 58 percent jump in profits in its fourth quarter earnings, partially due to lower costs and higher rates.


Bank Of America Profits By Reducing Expenses

Jan 15, 2014
Bank of America sign
Jennifer Lang / WFAE

Bank of America shares jumped almost 2 percent overnight, up to over $17 a share, as the company announced better-than-expected profits in its fourth quarter.