NEW YORK — Wells Fargo’s income jumped 51 percent in the first quarter as more people opened accounts with the bank and business customers took out more loans. Higher interest rates resulted in a sharp decline in new mortgages. The ...

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NEW YORK — Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up ...

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NEW YORK — Bank of America Corp.’s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to ...

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NEW YORK — JPMorgan Chase & Co. reported a 67 percent jump in first quarter earnings Wednesday on solid growth in investment banking fees and a drop in losses in its credit card portfolio. The New York bank earned $5.6 ...

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HAMPSTEAD — JoS. A. Bank Clothiers Inc.’s fiscal fourth-quarter net income climbed 15 percent, helped by improving revenue. The men’s clothing company reported Wednesday that it earned $40.9 million, or $1.47 per share, compared with $35.5 million, or $1.28 per ...

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Rising prices at the gas pump and in grocery aisles are starting to crimp shoppers’ outlook. The Conference Board’s Consumer Confidence Index fell sharply from a three-year high in February, reversing five straight months of improvement. The decline raises questions ...

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SPARKS — Spice maker McCormick & Co. said Tuesday its fiscal first-quarter net income rose 13 percent as price increases offset higher raw material and packaging costs. Food makers have been raising prices to offset rising prices for commodities and ...

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ROCKVILLE — Vaccine maker Novavax Inc. on Monday reported a narrower fourth-quarter loss as research and other expenses fell. Novavax is testing vaccines for flu strains including swine flu, and other respiratory diseases. Novavax said it lost $6.3 million, or ...

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NEW YORK — Weak demand for pricey flat-screen TVs and notebook computers helped push Best Buy Co.’s fourth-quarter net income down 16 percent. The decline adds urgency to the electronics retailer’s bid to remake its business by opening smaller stores ...

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HORSHAM, Pa. — Toll Brothers Inc. posted a surprise profit for its fiscal first quarter, helped by a larger tax benefit and a higher average price for its homes. The nation’s largest builder of luxury homes — and one of ...

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