Peter Eichenbaum

1 week ago | bloomberg.com | Peter Eichenbaum |Silla Brush |Jeremy Hill |Alexandre Rajbhandari

That’s a wrap of our TOPLive blog coverage of Berkshire Hathaway’s first-quarter results and annual meeting. Thanks for joining us. Here are the key takeaways: Warren Buffett, 94, said he intends to step down as CEO at year-end, handing the reins to Greg Abel. Buffett on tariffs: Although balanced trade can be valuable, it shouldn’t be used as a weapon. The US became dominant in part by trading with other nations and should continue to do so.

Jul 23, 2024 | finance.yahoo.com | Peter Eichenbaum

(Bloomberg) -- Visa Inc. slipped in late trading Tuesday after reporting quarterly revenue that just missed Wall Street estimates — a rarity for the world’s biggest payments network.

Jul 23, 2024 | bloomberg.com | Peter Eichenbaum

Visa Inc. posted a quarterly profit that beat Wall Street predictions as global spending on credit and debit cards increased. Adjusted net income for the fiscal third quarter rose 9% to $4.9 billion, or $2.51 a share, the company said Tuesday in a statement. That was 8 cents more than the $2.43 average estimate of analysts surveyed by Bloomberg. Net revenue was $8.9 billion, shy of the $8.96 billion that Wall Street expected.

Mar 4, 2024 | crainsdetroit.com | Peter Eichenbaum

New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings, and Moody’s Investors Service lowered its rating even further, a day after the commercial real estate lender said it discovered “material weaknesses” in how it tracks loan risks. Fitch downgraded the bank’s long-term issuer default rating to BB+, one level below investment grade, from BBB-, according to a statement Friday. Moody’s, which cut the bank to junk last month, lowered its issuer rating to B3 from Ba2.

Mar 4, 2024 | crainsnewyork.com | Peter Eichenbaum

New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings, and Moody’s Investors Service lowered its rating even further, a day after the commercial real estate lender said it discovered “material weaknesses” in how it tracks loan risks. Fitch downgraded the bank’s long-term issuer default rating to BB+, one level below investment grade, from BBB-, according to a statement Friday. Moody’s, which cut the bank to junk last month, lowered its issuer rating to B3 from Ba2.