The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.

The former Stamford headquarters of sports-entertainment giant WWE has been sold to a local development company that wants to convert the now empty office building into luxury apartments.  WWE’s former 90,

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Friday reported fourth-quarter profit of $177.8 million. The bank, based in Stamford, Connecticut, said it had earnings of $1.01 per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.43 per share.

The rise in yields, caused in part by worries about stubborn inflation and the U.S. government’s swelling debt, had knocked down stocks and halted the record-breaking run that had carried them through 2024, at least briefly.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share. The results surpassed Wall Street expectations. The average estimate of eight analysts ...

Shares of JB Hunt tumbled 10% after the transport company missed Wall Street's fourth-quarter profit targets as revenues continued to decline. The company said it expected margins to shrink again in the first quarter of 2025 as insurance premiums and labor costs continue to rise.

Many of the biggest multistrategy hedge funds are headquartered outside the Big Apple, but New York is where they have the most talent.

The S&P 500 climbed 0.5% to surpass its record set early last month after coming close the day before. It was the seventh gain in eight days for the main measure of Wall Street's health. The Dow Jones Industrial Average piled on 408 points, or 0.9%, while the Nasdaq composite added 0.2%.

Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy ...

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday.

On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.

Wall Street's top CEOs told CNBC from Davos ... Get top local stories in Connecticut delivered to you every morning. Sign up for NBC Connecticut's News Headlines newsletter.