Earnings Reports

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Citigroup posted worse than expected results before the market as lockdown related credit-loss reserves soared to $4.89 billion from $20 million. $C reported after other money center banks JPMorgan Chase $JPM, Wells Fargo $WFC.

Goldman Sachs, America's largest investment bank reported crisis impacted first third quarter earnings before the bell Wednesday. $GS was hit by losses in lending and debt investments. Goldman boosted its provision for credit losses to $937 million from $224 million.

Bank of America reported worse than expected first quarter earnings before the bell Wednesday. BofA set aside $4.76 billion for potential loan losses vs. $1.01 billion a year earlier. $BAC followed Citigroup $C JPMorgan Chase $JPM. Wells Fargo $WFC reporting

Wells Fargo reported worse than expected Q1 earnings before the bell Tuesday. $WFC reported along with JPMorgan $JPM&. The bank was hit by ramifications from COVID-19  with a$3.1 billion reserve build and a $950 million impairment of securities

JPMorgan Chase, America's largest bank reported worse than expected Q1 earnings Tuesday before the open. JPM suffered massive loan loss provisions after the coronavirus pandemic locked down the U.S. economy. Wells Fargo also reported Tuesday.

Integration Network and Identity Management Company Okta Inc reported better than expected fourth earnings Thursday after the market close. Subscription revenue surged by 46% to $158.5 million. The results reflected the growing importance of identity

Iconic farming, forestry and construction equipment maker Deere beat first quarter earnings before the open Friday. $DE maintained guidance despite global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

Chevron reported fourth quarter results Friday along with fellow oil major ExxonMobil. $CVX announced loss in the fourth quarter of 2019 from a profit last year. from upstream impairments and write-offs on Appalachia shale, Kitimat LNG, Big Foot, and other projects.

Oil giant ExxonMobil reported worse than expected fourth quarter earnings but higher revenue Friday before the market as  revenue missed in the chenical and downstream segments on lower margins and oil prices. $XOM traded lower on the report and Coronavirus concerns.

Video game maker Electronic Arts reported better than expected December quarter earnings after the market Thursday. However $EA traded lower after warning on next quarters revenue. FIFA Ultimate Team matches were up nearly 40% y/y as it competed with Fortnite.

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