The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.

The former Stamford headquarters of sports-entertainment giant WWE has been sold to a local development company that wants to convert the now empty office building into luxury apartments.  WWE’s former 90,

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Friday reported fourth-quarter profit of $177.8 million. The bank, based in Stamford, Connecticut, said it had earnings of $1.01 per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.43 per share.

The rise in yields, caused in part by worries about stubborn inflation and the U.S. government’s swelling debt, had knocked down stocks and halted the record-breaking run that had carried them through 2024, at least briefly.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share. The results surpassed Wall Street expectations. The average estimate of eight analysts ...

Many of the biggest multistrategy hedge funds are headquartered outside the Big Apple, but New York is where they have the most talent.

The S&P 500 climbed 0.5% to surpass its record set early last month after coming close the day before. It was the seventh gain in eight days for the main measure of Wall Street's health. The Dow Jones Industrial Average piled on 408 points, or 0.9%, while the Nasdaq composite added 0.2%.

The Sackler family owners of Purdue Pharma are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits, while agreeing to some exposure to future litigation, the Wall Street Journal reported on Monday.

It's not just JPMorgan Chase. Across the industry, banks are rethinking their remote-work policies — but experts say it won't be easy to turn back the clock.

Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy ...

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday.

On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.