Citigroup posts loss in quarter but made progress with transformation 
 

Bank laying off 20,000 by 2026 as part of restructuring plan.

 
JPMorgan Posts Record Annual Profit Despite Quarterly Slip 
 

The biggest bank in the U.S. has benefited from higher interest rates, which increased margins in its lending business.

 
UnitedHealth's stock suffers biggest drop in 7 months as costs disappoint 
 

Shares of UnitedHealth Group Inc. slumped Friday, after the health insurer reported a jump in medical costs relative to revenue in the fourth quarter, but earnings that continued to beat forecasts.

 
Delta almost doubles Q4 profit, but shares slide on lowered earnings guidance 
 

Delta sees aFor 2024, Delta expects earnings of $6 to $7 a share, below the target of over $7 a share the company outlined at an investor day in December 2022.

 
BlackRock to Buy Infrastructure Firm for $12.5 Billion 
 

The acquisition of Global Infrastructure Partners, a private-equity firm focused on infrastructure, would be BlackRock's largest in 15 years.

 
Morgan Stanley Agrees to Pay $249 Million to Settle Block-Trading Probes 
 

The settlement ends a long-running investigation of how the Wall Street firm sold large tranches of stock for sophisticated clients.

 
FAA Says It Will Ramp Up Inspections of Boeing Facilities 
 

The agency plans to audit the Boeing 737 MAX 9 production line and suppliers after the Jan. 5 emergency involving an Alaska Airlines jet.

 
Bank of America's stock slides 2% as earnings almost halve from a year ago 
 

Bank of America's revenue came up short of estimates on Friday, as it booked special charges and paid a $2.1 billion fee to the FDIC.

 
Wells Fargo set aside a lot more money for potential loan losses, stock falls 
 

Wells Fargo's stock dropped Friday, after the California-based bank set aside a lot more money for potential losses on loans, and reported fourth-quarter profit that rose just in line with forecasts.

 
Burberry Cuts Guidance on Slowing Luxury Demand 
 

Burberry cut its fiscal 2024 guidance after luxury demand slowed further during December's key trading period.

(END) Dow Jones Newswires

January 12, 2024 11:00 ET (16:00 GMT)