Wells Fargo to sell money management unit in $2.1 billion deal

Wells Fargo to sell money management unit in $2.1 billion deal

Parent firm Wells Fargo & Co. said Tuesday it had entered into a definitive agreement to sell the $603 billion money manager to private equity managers GTCR and Reverence Capital Partners. The deal is set to complete in the second half of the year, subject to …
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Realogy Holdings: 4Q Earnings Snapshot

MADISON, N.J. (AP) _ Realogy Holdings Corp. (RLGY) on Tuesday reported fourth-quarter net income of $18 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Madison, New Jersey-based company said it had net …
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HSBC to Prune Investment Bank to Fund Expansion in Asian Wealth

While earnings beat consensus forecasts, adjusted pretax profit halved, the bank said. Despite the profit slump, HSBC said it would resume paying a dividend of $0.15 after British regulators relaxed a ban intended to preserve capital last year after the virus …
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Home Depot Posts Strong Sales Growth as Pandemic Continues to Fuel Demand

Over the full fiscal year, the company’s sales rose by 20% to $132.11 billion. That growth follows a broader trend of people spending more on home-related goods during the pandemic, as lockdowns and telecommuting focused attention on the home.
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Thomson Reuters profit tops views, revenue misses

Thomson Reuters Corp. said its revenue rose in the fourth quarter, driven by its three core businesses, though profit fell as the prior-year period included a tax benefit. The Toronto-based news and information company on Tuesday posted net income …
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