News

IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.

Investing.com -- Citigroup reported second-quarter earnings and revenue ahead of Wall Street expectations on Tuesday, as robust trading activity and stronger investment banking fees drove a 45% jump in profit.

Industrial distributor Fastenal reported second-quarter earnings per share of 33 cents, in line with Wall Street estimates.

IBM reports earnings on July 22 and the setup heading into that date combines a dividend streak most tech stocks cannot touch with an AI angle Wall Street has barely started to price in.

Citigroup’s profit in the second quarter rose 45% from a year ago to $5.8 billion, the bank said Tuesday. That amounted to $3.15 a share, topping the $2.74 that analysts expected. Revenue of $24.8 billion topped the $23.

UnitedHealth Group is due to post earnings Thursday morning, with the health insurance giant’s stock seen making a big move after the report.

Investor focus is turning to Seagate Technology as the company prepares to report fourth-quarter results, with analysts expecting triple-digit earnings growth.

Royal Caribbean Cruises is scheduled to report its second-quarter earnings by the end of this month, and analysts anticipate a low double-digit improvement in its profitability.

Bank of America and Wells Fargo both cited the strength of the U.S. economy as a key driver of their second-quarter results.

Investing.com -- Goldman Sachs Group Inc. (NYSE:GS) reported second-quarter earnings on Tuesday, exceeding analyst expectations, driven by strong performance in its trading and investment banking businesses.

Merck & Co. is expected to announce its second-quarter earnings in August, and Wall Street forecasts a double-digit decline in its profits.

A series of big bank results kicked off the second quarter earnings season on Tuesday.

The bank's equities unit brought in $7.42 billion, its third consecutive all-time record, while investment banking fees climbed 55%

Netflix (NFLX) will report its second quarter earnings results on Thursday after the closing bell. Wedbush Securities senior vice president of equity research, Alicia Reese, shares her thoughts on the company and her earnings expectations.

Dow Jones banks JPMorgan Chase, Goldman Sachs detailed Q2 results on Tuesday. JPM stock slides away from a buy zone.

Investing.com -- B. Riley is framing this week's second-quarter earnings reports from ASML and TSMC as "tone-setting" for the entire semiconductor and semiconductor capital equipment sector, arguing that a $880 billion surge in AI infrastructure spending has arrived roughly 12 months ahead of the firm's prior forecasts.

Equity Markets revenue jumped 86% to $6 billion, while investment banking fees climbed 30% to their highest level since 2021

US equity futures were mixed pre-bell Tuesday as traders monitored the unabated rise of tensions in

IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time

Investing.com --IBM’s preliminary second-quarter results delivered a gut punch to investors, sending the stock down 19% on Tuesday morning as a massive, industry-wide shift in hardware capital expenditure (capex) cannibalized the company’s high-margin software business.

IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.

Wells Fargo (WFC) delivered earnings and revenue surprises of +13.30% and +3.76%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

The bank's equities trading revenue jumped 70% to $3.6 billion, a record, while investment banking fees climbed 50% from a year earlier

Investing.com -- Bank of America Corp (NYSE:BAC) shares are trading higher premarket on Tuesday after the company reported second-quarter earnings that exceeded analyst expectations.

A strong second-quarter report and solid outlook for non-lending revenues could mark an important turning point for SoFi Technologies.

Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout

Investing.com -- JPMorgan Chase & Co. (NYSE:JPM) reported second-quarter earnings on Tuesday, sending shares lower premarket despite earnings and revenue beating analyst expectations,

Investing.com -- Shares in Wells Fargo climbed 1.5% in premarket trading Tuesday after the bank reported second-quarter earnings that comfortably beat analyst expectations, with strength across all of its operating segments.

TSMC, the world’s largest contract chip manufacturer, is set to report earnings Thursday, with traders expecting a big move from the stock.

Wells Fargo (NYSE:WFC) shares gained 1. 5% in premarket trading on Tuesday after the banking group reported second-quarter results that comfortably exceeded Wall Street forecasts, driven by broad-based growth across its core businesses.