Banks saved $3.6 billion in taxes last quarter under new law

The nation's six big Wall Street banks posted record or near record profits in the first quarter, thanks largely to the recently enacted Trump tax law. .....»»

Big banks could face an $11 billion tax increase under Biden's tax proposal, a reversal from the billions saved under Trump's 2017 tax cuts. U.S. .....»»

The world’s biggest banks have set aside $66 billion so far this quarter for an expected increase in bad loans as lockdowns to combat the spread of the coronavirus raise the specter of large-scale... To view the full story, click the title link......»»

Ford said Tuesday its first-quarter earnings before interest and taxes was negative $632 million, down from $2.4 billion in the first qua.....»»

The automaker earlier this week said it sees first-quarter revenue of about $34 billion and adjusted losses before interest and taxes of $600 million as it seeks to conserve cash......»»

The lender, the most global of the U.S. banks, said net income fell to $2.52 billion, or $1.05 per share, in the first quarter......»»

JPMorgan Chase & Co's profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves to protect it from a wave of potential loan defaults in the months ahead......»»

JPMorgan Chase & Co's profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves to protect it from a wave of potential loan defaults in the months ahead......»»

Ford Motor Co said on Monday it expects first-quarter adjusted loss before interest and taxes to be about $600 million, compared with a profit of $2.4 billion a year earlier......»»

Ford Motor Co. said late Wednesday it expects to take a fourth-quarter pre-tax charge of $2.2 billion related to pension obligations that will cut down on its net income. After taxes, the $.....»»

After taxes, the loss is expected to cut down on Ford’s net income by $1.7 billion, the company says in a filing Wednesday......»»

Associated Press President Donald Trump hailed his signature tax overhaul.....»»

ST. LOUIS, Oct. 29, 2019 /PRNewswire/ -- Peabody (NYSE:BTU) today announced its third quarter 2019 operating results, including revenues of $1.11 billion; loss from continuing operations, net of income taxes o.....»»

JPMorgan Chase & Co. (NYSE: JPM) shares were trading higher Tuesday after the bank posted third-quarter EPS of $2.68, beating the $2.45 Street estimate, and sales of $29.3 billion, which topped the analyst estimate of $28.49 billion.  read more.....»»

Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter......»»

Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter......»»

Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter......»»

Luxury carmaker Daimler on Friday warned investors that it expected a second-quarter loss before interest and taxes of 1.6 billion euros ($1.80 billion). Francis Maguire reports......»»

New York, NY, May 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LiquidX, the global network for illiquid assets, today announced trading volume reached $2.1 billion in the first quarter, including a monthly-record volume o.....»»

Earnings season for big banks continued Monday morning with Goldman Sachs Group Inc (NYSE: GS) reporting mixed first quarter results. What Happened Goldman Sachs said it earned $5.71 per share in the first quarter on revenue of $8.807 billion versus e.....»»