U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels.
Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform.
A look at the upcoming week on Wall Street.
Netflix's earnings next week may offer a preview of whether other big name stocks can continue to deliver.
U.S. stock indexes edged lower in early trading Thursday, pulling back slightly from the market's latest record highs.
IBM reported its first quarter of revenue growth in more than five years as the company ramps up its cloud computing business and looks for new opportunities from its investments in artificial intelligence.
American Express posted its first quarterly loss in 26 years, due a $2.6 billion charge related to the U.S. tax law overhaul and the credit card issuer also said it would suspend its share buyback program for the first half of 2018.
IBM's quarterly revenue rose for the first time in nearly six years, largely due to growth in its focus areas such as cloud and security services.
Morgan Stanley's adjusted quarterly profit topped Wall Street estimates on Thursday as strength in underwriting and wealth management offset a sharp but expected decline in bond trading revenue.
Morgan Stanley's earnings fell 59 percent in the fourth quarter as the investment had to book $990 million in charges related to the new tax law.
U.S. stocks edged higher in early trading Wednesday, recouping some of the market's losses from a day earlier.
Surevest Wealth Management discusses Apple's announcement to contribute $350 billion to the U.S. economy, a move that follows the new tax overhaul.
Bank of America says its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law.
Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new tax law.
Goldman Sachs Group Inc. reported lower profit and revenue for its fourth quarter, as quiet trading and a one-time tax hit pushed the firm to its first quarterly loss in six years.
U.S. Bancorp reported a 16 percent increase in quarterly profit on Wednesday as it booked a $910-million tax benefit due to new U.S. tax laws.
Bank of America Corp's fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.
U.S. stocks climbed broadly in early trading Tuesday, sending the Dow Jones industrial average past the 26,000-point mark for the first time.
CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year.
Ford Motor Co. says its pretax earnings will likely fall in 2018 as U.S. sales soften, commodity costs increase and it invests heavily in new electric and hybrid vehicles.