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Wells Fargo starts to emerge from sales scandal as first-qua

Wells Fargo starts to emerge from sales scandal as first-quarter profit jumps
Reuters | Apr 15, 2021 12:57 AM EDT
A Wells Fargo logo is seen in New York City, U.S. (Photo : REUTERS/Stephanie Keith/File Photo)
Wells Fargo & Co beat Wall Street profit expectations on Wednesday as it reduced bad loan provisions and reined-in costs, signaling the bank may finally be emerging from a sales practices scandal that has dogged it for nearly five years.
Profits at the country s fourth-largest lender rebounded to nearly $5 billion in the first quarter of 2021 as the improved economic outlook allowed it to cut its cushion for losses on pandemic-hit loans by $1.6 billion, and as it got a grip on costs relating to fixing its product mis-selling scandals. ....

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Why BYJU'S did not meet $150- million net profit target in FY21

April 15, 2021
Focus on chasing growth and huge marketing costs are two major reasons
India s most-valued edtech firm BYJU S, which was targeting $150 million in net profit, has not been able to achieve it despite being backed by the onrush of 25 million-plus new users on its platform in pandemic-struck 2020. The start-up has grown its registered student user base from 70 million 4.5 million annual paid subscriptions last October to 80 million registered students 5.5 million annual paid subscriptions at present.
Focus on chasing growth vs profitability, huge investments in marketing, increasing its penetration into tier 2, tier 3 and tier 4 towns, heavy investments in office space, and high price points of its annual subscriptions are some of the reasons that may have come in the way of BYJU’s achieving its net profit target. ....

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Derfor trutter møbeldiretør ikke i trompeten trods rekordår

Derfor trutter møbeldiretør ikke i trompeten trods rekordår
idag.dk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idag.dk Daily Mail and Mail on Sunday newspapers.

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Wells Fargo reports first-quarter profit as bank frees reserve funds

Wells Fargo starts to emerge from sales scandal as first-quarter profits jump
Noor Zainab Hussain and David Henry
Reuters
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Wells Fargo & Co beat Wall Street profit expectations on Wednesday as it reduced bad loan provisions and reined-in costs, signaling the bank may finally be emerging from a sales practices scandal that has dogged it for nearly five years.
Profits at the country’s fourth-largest lender rebounded to nearly $5 billion in the first quarter of 2021 as the improved economic outlook allowed it to cut its cushion for losses on pandemic-hit loans by $1.6 billion, and as it got a grip on costs relating to fixing its product mis-selling scandals. ....

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Goldman Sachs first-quarter profit jumps on record global dealmaking

Goldman Sachs first-quarter profit soars on global deals frenzy, trading boom
Anirban Sen, Matt Scuffham and Noor Zainab Hussain
Reuters
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Goldman Sachs Group Inc. GS-N surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading.
An unprecedented boom in private firms merging with listed shell companies to go public helped Goldman earn handsome fees from such deals, resulting in a 73% jump in revenue from investment banking to $3.77 billion. ....

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