Catenaa, Saturday, February 08, 2025 – One of the magnificent seven companies Amazon, posted strong fourth-quarter earnings, with revenue rising 10% to $187.8 billion and profits hitting $20 billion, surpassing Wall Street expectations. However, its stock slipped in after-hours trading after the company projected lower-than-expected revenue for the current quarter. The e-commerce giant forecasted first-quarter […]
Catenaa, Thursday, February 27, 2028-Coinbase reported $400 billion in total trading volume for Q4 2024, matching levels last seen during the 2021 bull market but with a dominant institutional presence. Retail investors accounted for just 21% ($94 billion) of the volume, down from 36% in 2021. The SEC’s recent dismissal of its case against Coinbase […]
Catenaa, Friday, January 17, 2025 – Goldman Sachs announced a strong performance for 2024, with net revenues of $53.51 billion and net earnings of $14.28 billion. The firm’s fourth-quarter results also exceeded expectations, reporting net revenues of $13.87 billion and net earnings of $4.11 billion. For the full year, diluted earnings per share (EPS) were […]
Catenaa, Friday, January 17, 2025 – JPMorgan Chase posted a record annual profit of $58.5 billion in 2024, driven by surging investment-banking fees and trading revenues amid a market rebound, the bank announced Wednesday. Fourth-quarter net income climbed 18% year-over-year to $14 billion, or $4.81 per share. Investment-banking fees jumped 49%, and trading revenues rose […]
Catenaa, Thursday, February 27, 2025-Bitcoin miner MARA Holdings, formerly Marathon Digital, reported a 69% increase in full-year revenue to $656.4 million , with fourth-quarter sales of $214.4 million, exceeding expectations. Despite the revenue surge, MARA’s annual bitcoin production fell 27% to 9,430 BTC. The company holds 44,893 bitcoin as of Dec. 31, 2024, and achieved […]
Catenaa, Thursday, February 06, 2025 – MicroStrategy has rebranded as “Strategy” after posting a $143 million net loss in Q4 and a $139 million loss for 2024, reflecting its dual focus on Bitcoin and artificial intelligence. The Q4 Financial Report can be found here. Strategy reported total revenue of $120.7 million in the fourth quarter […]
Catenaa, Friday, January 17, 2024 (Wrapup) – US banks posted strong Q4 2024 earnings as market activity rebounded. JPMorgan led with record profits, while Goldman Sachs highlighted revenue growth. Bank of America exceeded estimates with notable gains in investment banking and trading. Wells Fargo saw a sharp rise in profits despite flat revenue. Leaders cited […]
Catenaa, Friday, January 17, 2025- Wells Fargo shares surged early this week following a strong earnings report for the fourth quarter of 2024, with the bank exceeding analysts’ expectations. The firm also raised its guidance for 2025, signaling confidence in continued growth. The bank posted a net income of $6.5 billion for the quarter, a […]