BoB bleeds as bad loan provision rises, posts a whopping Rs 31-bn loss

Wells Fargo Reports 1 Cent Profit After Loan Loss Provision Soars To $4 Billion With JPM starting Q1 earnings season by taking a whopping $6.8 billion in covid-19 loan loss reserves in Q1,.....»»

Warren Buffett's Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses......»»

First Quarter 2020 Net Income of $0.72 per Basic Common Share Results Reflected a Loan Loss Provision of $1.7 Million Primarily Due to COVID-19 Virus Common Equity Tier 1 and To.....»»

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UniCredit , Italy's largest bank, on Wednesday s.....»»

Getting Out Of Dodge: After Exiting Loans And Hiking Mortgage Standards, JPMorgan Stops Accepting HELOCs Earlier this week, JPMorgan reported that its loan loss provision surged f.....»»

Peloton Interactive posts a significantly wider-than-expected fiscal first-quarter loss, even as sales beat analysts' forecasts on growing sales of its connected fitness equipment and related subscriptions......»»

Synchrony Financial's (SYF) better-than-expected Q1 earnings impress with solid loan receivable and deposit growth. However, the rising level of loan loss provision poses a risk to the stock. Synchrony Financial’s SYF first-quar.....»»

Surge in provisions for NPAs, erosion in value of investments take toll.....»»

Lordstown Motors Corp. shares dropped more than 5% in after-hours trading Monday after the electric-vehicle startup reported a wider quarterly loss and said it is seeking "additional capital" to fund itself......»»

Oil futures climb Friday, poised to recoup losses from a day earlier, but remain are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»

Alibaba Group Holding Ltd. swung to a loss for its March quarter as the company faced an anti-monopoly fine, but the Chinese e-commerce giant topped revenue expectations for the period amid continued momentum for its online marketplaces......»»

Shares of Casper Sleep Inc. surged 4.8% toward a three-month high in premarket trading Thursday, after the mattress-in-a-box seller reported a narrower loss and revenue that rose above expectation, and provided an upbeat.....»»

QuantumScape Corp. shares fell 4% in the extended session Tuesday after the battery-maker startup reported a wider-than-expecte.....»»

Shares of RealReal Inc. weaved between gains and losses in the extended session Monday after the e-commerce retailer of secondhand luxury goods reported a narrower first-quar.....»»

Shares of Nikola Corp. rallied 3.6% in premarket trading Friday, putting them on an early track to snap a 8-session losing streak, after the electric vehicle maker reported a narrower-than-expected first-q.....»»

Peloton Interactive Inc. sales more than doubled in the first three months of the year, but the company reported a surprising loss for the period Thursday amid difficulties with delivering products during a pandemic surge in demand......»»