The social media darling's first substantive public filing paints a picture of a somewhat troubled and deeply unprofitable digital media company with lackluster growth and an exploding cost base.
By Cyrus Sanati
FORTUNE -- It now makes sense why Twitter initially filed its IPO in secret -- its books aren't pretty.
The social media darling's first substantive public filing paints a picture of a somewhat troubled and deeply unprofitable digital media company MOREOct 4, 2013 9:43 AM ET
Janet Yellen's rival for Fed Chair has connections to a hedge fund that made money off J.P. Morgan's London Whale fiasco.Stephen Gandel, senior editor - Sep 17, 2013 9:55 AM ET
Compensation consultant says Wall Street year-end bonus pay could reach $23 billion, the highest since the financial crisis.
FORTUNE -- Well, this ought to make Henry Paulson very sad.
The nation's five biggest banks are on track to pay out $127 billion in total compensation, including at least $23 billion in bonuses, this year. That's up from the $114 billion the banks shelled out to their employees in 2009. It translates to MOREStephen Gandel, senior editor - Aug 28, 2013 5:00 AM ET
Lots of people at JPMorgan worked together to hide losses from investors and regulators. Only two of them may be going to jail.
FORTUNE -- Long live the Whale.
The most fascinating thing about the government's charge that JPMorgan Chase employees committed fraud in connection with the bank's $6 billion trading loss, and the one that will have the largest reverberations for Wall Street, is not who is being charged, but who MOREStephen Gandel, senior editor - Aug 14, 2013 3:31 PM ET
Fabrice Tourre's courtroom loss should be a reminder of just how pathetic the SEC's financial crimes record has been.Stephen Gandel, senior editor - Aug 2, 2013 9:00 AM ET
John Liu says he wishes the person entering the NYC comptroller was 'anyone other than someone who has broken the law.'Stephen Gandel, senior editor - Jul 24, 2013 10:27 AM ET
Wall Street firms may be using shady shipping schemes to manipulate the commodities market, or not.Stephen Gandel, senior editor - Jul 22, 2013 2:39 PM ET
Expenses fell, but a lack of growth in consumer lending may be a sign of bigger problems at the bank, and in the economy in general.
FORTUNE -- Bank of America's second-quarter net income rose 63% to just over $4 billion, helped by a strong environment for Wall Street deals. Fees from arranging stock and bond offerings, and advising on corporate deals at BofA (BAC) jumped 36% from a year ago.
Those MOREStephen Gandel, senior editor - Jul 17, 2013 7:45 AM ET
Shares fall as profit surge not enough to calm investors' fears about client retreat, rising interest rates, and volatile earnings.
FORTUNE -- Goldman Sachs's profits in the second quarter more than doubled from a year earlier to $1.9 billion, propelled by a surge in stock and bond offerings. Trading revenues were up as well from a year ago, but down from the first quarter, perhaps showing how the recent rise in MOREStephen Gandel, senior editor - Jul 16, 2013 8:13 AM ET
Despite slower earnings growth expected overall this earnings season, America's big banks aren't sweating it.
FORTUNE – U.S. stocks rose Tuesday as earnings started on a positive note with Alcoa (AA) beating Wall Street expectations. Though some still consider the industrial giant a bellwether for earnings across corporate America, it's unlikely to say much about how other companies will have fared during the three months ending in June.
Analysts expect to see MORENin-Hai Tseng, Writer - Jul 10, 2013 5:00 AM ET
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