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Target Corp.'s (TGT) fiscal first-quarter earnings fell 29% as the retailer reported lower sales amid softness in seasonal and weather-related categories.Target lowered its earnings outlook for the year to $4.70 to $4.90 a share, from $4.85 to $5.05. But pointing to the current quarter, Target predicted earnings of $1.09 to $1.19 a share, above the $1.06 that analysts polled by Thomson Reuters were looking for."Target's first quarter earnings were below expectations as a result of softer-than-expected sales, particularly in apparel and other seasonal and weather-sensitive categories," Chief Executive Gregg Steinhafel said, adding the company is disappointed by the quarter's results.Target, like other retailers, has been contending with unseasonably cold weather in the past few months, making it hard to sell spring and summer merchandise. The company has also been searching for ways to boost sales as many of its core lower-income shoppers remain extremely cautious with spending amid the...
When it comes time to pick a bank, choose wisely. The one you select could give you more than good savings account rates; it could also lead to less stress and an im...
In honor of National Women’s History Month, Wells Fargo announced Friday it is increased its commitment to lending to woman-owned small businesses.
Despite recently increasing calls for a broader market pullback, the financial services sector has held up well. In February, the Financial Services Select Sector SP...
Bank of China Ltd. (601988.SH, 3988.HK, BACHY) has emerged as one of the largest foreign lenders to commercial real estate in the U.S.Now the state-owned Chinese ban...
Toronto-Dominion Bank (NYSE:TD), the No. 2 Canadian lender, weighed in on Thursday with a stronger-than-expected 21% jump in fiscal first-quarter profits and reveale...
Target Corp on Wednesday offered a cautious outlook for consumer spending in 2013 following a weak holiday quarter and said it was on track with its massive Canadian...
Bank of Montreal (BMO) said its first-quarter profit dipped 5% as revenue edged lower and provisions for loan losses rose, though earnings were ahead of analyst expe...
Hoping to raise cash to pay back U.K. taxpayers for a massive bailout, Royal Bank of Scotland (NYSE:RBS) is reportedly planning to unload about 20% to 25% of its U.S...
British state-backed lender Royal Bank of Scotland is set to signal this week that it plans a partial sale of its U.S. bank Citizens this year or next, a source clos...
The Royal Bank of Scotland will unveil plans next week to float a portion of its stake in U.S. retail bank Citizens Financial Group Inc, the Telegraph newspaper repo...
Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other m...
CIT Group Inc had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co , but nothing came of...
In 2012, credit unions and alternative lenders were the story in small business lending. In recent months, this has changed.
EnergyAustralia, the Australian unit of Hong Kong-listed power generator CLP Holdings Ltd. (0002.HK), has agreed to sell its majority stake in a wind farm to Canada'...
The sluggish global economy will continue to weigh on consumer spending in the coming months, MasterCard Inc. (MA) executives said Wednesday after the payments netwo...
The sluggish global economy will continue to weigh on consumer spending in the coming months, MasterCard Inc. (MA) executives said Wednesday after the payments netwo...
Royal Bank of Canada (RY) said Sunday that, contrary to media reports, it has not hired temporary foreign workers to take over the job functions of Canadian employee...
Toronto-Dominion Bank (NYSE:TD), more commonly known as TD Bank, said Wednesday that CEO Ed Clark will retire in late 2014 after 12 years on the job.Clark, 67, will ...
HSBC Holdings PLC (HSBA.LN), said Monday that its unit HSBC Retail Services Ltd, has entered into an agreement to sell its consumer Private Label Credit Card Portfol...