Accounting & Tax

Banking & Capital Markets

U.S. Banks’ Earnings Drop 7.3% to $57B in Q3

It was the first quarterly decline in net income since late 2018 but the industry generated nearly $100 billion in new loans.

Matthew Heller
November 29, 2019
Auditing

Audits Are Broken. Here’s a Radical Way to Fix Them.

A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Capital Markets

Crypto Market Loses Over $40B in A Week

The crypto market has been experiencing a downtrend over the last week, with major cryptocurrencies being in the red.
Financial Performance

China Tariffs to Eat Into Dollar Tree Q4 Profits

The discount retailer's shares fell more than 16% after it cut its outlook for the holiday season due in part to tariff costs.
Financial Performance

Pure Storage Shares Dive on Weak Guidance

Like other tech infrastructure suppliers, Pure is "seeing signs of a more challenging global business environment."
Financial Performance

Gap Beats Estimates But Comp Sales Dip 4%

“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
Financial Performance

Macy’s Posts First Comp Sales Drop in 2 Years

“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
Growth Companies

Private Equity CFOs Face Extra Complexities

Responsibilities for financial reporting, FP&A, systems implementation, capital needs, and more can be heavier than other private company CFOs experience.
Accounting

Outside Board Service Boosts Inside Accounting Quality

CFOs who serve on other companies' boards make significantly fewer errors in their own financial reporting.
Analytics

Three Steps to Make CFOs Champions of the Data Revolution

A CFO empowered with data is able to put positive pressure on all areas of the business, in a much more proactive way than has been possible until now.
Financial Performance

JCPenney Loss Narrows to $93M, Shares Jump

The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”
Financial Performance

Cisco Sees Revenue Drop Amid Weak Demand

First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.
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