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Bank of America Q2 Earnings Call Highlights
MarketBeat33d agoneutral
Bank of America Q2 Earnings Call Highlights

Bank of America (NYSE:BAC) reported broad-based second-quarter growth, with management pointing to stronger net interest income, fee revenue, client activity and operating leverage across each of its business segments. CEO Brian Moynihan said the bank generated revenue of $31.6 billion, up 15% from

Big Bank Earnings Offset IBM's Nosedive, Dow Inches Higher
Barrons.com33d agoneutral
Big Bank Earnings Offset IBM's Nosedive, Dow Inches Higher

The Dow is caught in a tug-of-war between strong bank earnings and IBM's historic drop. The Dow's top performer was Goldman Sachs, which popped 5.5% after reporting record results. Goldman is the heaviest weighted component in the Dow.

Scorpio Tankers (STNG): Buy, Sell, or Hold Post Q1 Earnings?
StockStory33d agoneutral
Scorpio Tankers (STNG): Buy, Sell, or Hold Post Q1 Earnings?

Scorpio Tankers currently trades at $76.44 and has been a dream stock for shareholders. It’s returned 323% since July 2021, blowing past the S&P 500’s 73.1% gain. The company has also beaten the index over the past six months as its stock price is up 28.9% thanks to its solid quarterly results.

Earnings: JPMorgan leads Big Banks in massive equities revenue growth
Yahoo Finance Video33d agoneutralVIDEO
Earnings: JPMorgan leads Big Banks in massive equities revenue growth

Major banks JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC), Goldman Sachs (GS), and Wells Fargo (WFC) are all out with second quarter earnings results on Tuesday. Morning Brief Host Julie Hyman is joined by Yahoo Finance Breaking News Reporter Jake Conley and Trustless Media founder Zack Guzman to discuss these results and the massive equities revenue growth seen across the board from these Big Banks.

Transocean (RIG): Buy, Sell, or Hold Post Q1 Earnings?
StockStory33d agoneutral
Transocean (RIG): Buy, Sell, or Hold Post Q1 Earnings?

Transocean has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.7%. The stock now trades at $5.39, marking a 23.1% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

The Detail in IBM’s Earnings Pre-Announcement That Has Stock Headed for Worst Day in Nearly 40 Years
Barrons.com33d agoneutral
The Detail in IBM’s Earnings Pre-Announcement That Has Stock Headed for Worst Day in Nearly 40 Years

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.