JPM misses, Wells Fargo disappoints, United Health comes up strong
Here are the companies the Yahoo Finance team is watching for you today.
A big miss for JPMorgan Chase. The banking giant came up short on earnings and revenue last quarter. That was driven in part by weaker than expected results from its corporate and investment banking units.
A disappointing quarter at Wells Fargo as well. They beat on profit but revenue came up short. Mortgage Banking income alone fell more than 64% last quarter. The CEO says they're focused on making quote "meaningful improvements" across the company.
A strong quarter for United Health. The company says revenue climbed 12% from a year ago and earnings topped estimates. That's thanks in part to strong growth in plan premiums and memberships. United Health also re-affirmed its guidance for the rest of the year.
Delta's fourth-quarter earnings beat Wall Street's expectations. The airline says its revenue grew to $10.74 billion during the fourth quarter. That's up 5% from a year ago. This comes as Delta's revenue per passenger climbed by 3.2% in the last three months of the year.
American Express is getting into the reservations game. The company acquired Pocket Concierge, the restaurant booking service based in Japan, in an undisclosed deal. The service was launched in 2013 to help book quality restaurants and currently works with 800 restaurants. Its closest competitor is OpenTable.