Earnings Report

Citigroup posted profits and revenues that came in well above Street views, sending shares of the No. 3 U.S. bank higher after the opening bell.

The bank posted a 14% uptick in first-quarter earnings, beating estimates as lower provisions for bad loans offset weakness at its mortgage business.

The bank posted far weaker-than-expected first-quarter earnings as trading revenues slumped and mortgage fees slumped sharply. 

Thomson Reuters swung to a deeper-than-expected loss in the fourth quarter due to charges tied to restructuring and shrinking revenue.

British banking giant Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers. 

Standard & Poor's owner McGraw Hill Financial posted a better-than-expected quarterly profit as it earned more from its financial information and indexes businesses.

MasterCard's fourth-quarter earnings rose 3% but missed Wall Street expectations, even as the credit card company saw a continued increase in cardholder spending.

General Electric's fourth-quarter earnings rose 4.8%, as strength in the conglomerate's industrial units overshadowed declines at GE Capital.

Goldman Sachs easily trumped Wall Street expectations in the fourth quarter even as fixed-income trading revenue slumped. 

American Express doubled its fourth-quarter profit amid continued strength in credit-card spending, although EPS missed estimates by a penny.

The second-largest U.S. bank, reported a huge increase in fourth-quarter profits, driven by a steep fall in provisions to cover bad loans.

JPMorgan Chase saw its fourth quarter earnings slide 7% from 2012, as the biggest U.S. bank suffered a tumble in investment banking and trading income.

Profits at U.S. banks fell 3.9% in the third quarter amid litigation costs and waning mortgage demand, according to the FDIC. It was the first quarterly decline since 2009.

MasterCard posted a stronger-than-expected 14% rise in quarterly profit as more people used cards to make payments.

Insurance giant AIG beat forecasts from analysts by posting a 16% jump in third-quarter profits. Shares ticked lower in late trading. 

Moody's reported third-quarter earnings and revenue that missed expectations on Wall Street as the structured finance revenue declined. 

Morgan Stanley reported a 50% rise in quarterly revenue as higher income from equities sales, trading made up for fixed income business drop.

The blue-chip conglomerate's profits were held back by slumping revenue at GE Capital and charges related to restructuring and M&A.

Goldman's profits stalled out in 3Q as weak bond-trading volumes overshadowed tumbling expenses.

The Pittsburgh-based bank capitalized on improving credit conditions and increased lending to top expectations in the third quarter.