Tag: Wells Fargo

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Tesla Q3 Earnings Preview: Analysts Divided on EV Maker’s Outlook Amid AI Hype

Tesla prepares to report third-quarter results amid sharply divided analyst sentiment. While some firms see substantial downside risk, others maintain bullish positions based on the company’s AI and autonomy narrative. The earnings report comes after strong delivery numbers but concerns about post-tax credit demand.

Divided Expectations Ahead of Tesla’s Earnings Report

Tesla is reportedly set to release third-quarter financial results after markets close Wednesday, with analysts expressing sharply contrasting views about the electric vehicle maker’s prospects. According to sources familiar with analyst surveys, expectations point toward earnings of 56 cents per share, representing a 22% year-over-year increase, on revenue of $26.54 billion. These projections come despite Tesla’s second-quarter miss on both top and bottom lines, suggesting cautious optimism among some market observers.

by Liam Dorsey
BusinessFinance

Regions Financial Posts Strong Q3 Earnings Amid Capital Markets Revival

Regions Financial reported higher third-quarter earnings, driven by a rebound in capital markets activity and increased net interest income. The results align with a wider resurgence in mergers and acquisitions across the banking sector.

Profit Growth Driven by Capital Markets Rebound

Regions Financial reportedly posted increased third-quarter profits, according to recent financial reports, benefiting from stronger performance in capital markets and higher interest income. The Birmingham, Alabama-based bank saw its shares rise approximately 1% in premarket trading following the announcement, sources indicate.

by Liam Dorsey