Citigroup Reports Higher Earnings, Plans to Trim Consumer Businesses

The New York bank said it would exit its consumer operations in 13 countries, mostly across Asia, to focus on wealth management and other businesses.

 
Delta Reports Quarterly Loss But Says Travel Demand Is Rising

Domestic leisure bookings are rising, but many international markets remain closed and business travelers have been slow to return.

 
Bank of America Profit Doubles

Bank of America posted earnings of $8.05 billion in the first quarter, compared with $4.01 billion a year earlier, when banks began stockpiling rainy-day reserves at the beginning of the pandemic.

 
UnitedHealth Posts Stronger Quarterly Results as Membership Grows

UnitedHealth's total revenue grew by 9% to $70.2 billion in the first quarter, up from $64.4 billion in the same three months a year earlier.

 
Rite Aid Beats 4Q Consensus Estimate For Revenue

Rite Aid said some consumers continued to delay elective health procedures and prescriptions due to the coronavirus in the fourth quarter, affecting results as the drugstore chain works to distribute Covid-19 vaccines.

 
TSMC Sets Up for Soaring Chip Demand

Taiwan Semiconductor Manufacturing, the world's largest contract chip maker, said it would increase its investment budget and raise its revenue growth forecast for 2021.

 
BlackRock Profit Jumps on Broader Pandemic Recovery

The world's largest money manager posts a profit of $1.2 billion and sees assets under management rise to $9 trillion.

 
Cable Companies Emerge as Force in Cellphone Business

More than five million Americans have turned to cable providers for cellphone service, attracted by lower prices and ease of adjusting plans.

 
Why Barclays Is One of 2021's Best-Performing Bank Stocks

Activity in the U.K. lender's investment banking arm is spurring the recovery, a vindication for Chief Executive Jes Staley.

 
Electric-Vehicle Startup XPeng Bets on the Tech That Tesla Rejects

He Xiaopeng, the founder of Chinese electric-vehicle maker XPeng, has owned four Telsa vehicles. Now locked in long-running feud with Elon Musk, he has unveiled a new vehicle that embraces technology the Tesla CEO has scorned.

(END) Dow Jones Newswires

April 15, 2021 09:00 ET (13:00 GMT)

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