Earnings Report

The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.

Profit was $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier.

On an adjusted basis, BlackRock earned $1.64 billion, or $10.91 per share, for the three months ended Sept. 30, from $1.45 billion, or $9.55 per share, a year earlier.

Chipotle announced that it will raise prices for the first time in more than a year. The company started to announce menu price hikes in 2021 as operations costs climbed.

The new CEO of Walgreens Boots Alliance will help steer a massive cost-cutting plan as the drug-store chain attempts to stop losing money and as demand from COVID related products wains.

Delta Air Lines reported quarterly results Thursday and now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July.

Domino's Pizza missed market expectations for its quarterly revenue as higher menu prices and delivery charges stalled inflation-weary consumers from purchasing at the restaurant.

PepsiCo raised its annual profit forecast again this year. In addition to its beverage unit, brands in its snack business include Doritos and Cheetos.

The United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.

MGM Resorts International has put a number on the cost of the disruptive cyberattack it experienced in September. It estimated the damage at $100 million.

The maker of Modelo and Corona beer, Constellation Brands, boosted its financial outlook as it continues to benefit from the backlash over Bud Light’s Dylan Mulvaney marketing campaign.

Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.

Wall Street is keeping close tabs on the UAW strike against Ford, GM and Stellantis as it drags into its third week, as well as three key reports on the job market.

GameStop is naming billionaire Ryan Cohen as CEO, effective immediately. Cohen is the company's largest investor and replaces Matt Furlong, who was fired in June.

Costco CFO Richard Galanti remained coy about when the retailer's members could see their membership price increase, saying it would 'happen at some point.'