Tesla is sitting 10% below where it started the year, but the options market and a rapidly changing cost structure tell a very different story about what happens after July 22.
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Stock futures picked up steam after June inflation data cooled more than expected. Nasdaq futures were up 1.3%, while S&P 500 futures were up 0.3%. Dow futures were roughly flat as investors assess what the new economic data means for the Federal Reserve.
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.
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.
Citigroup said its profit rose 45% from a year earlier in the second quarter. Net income came in at $5.83 billion, a 45% increase from a year earlier. That amounted to $3.15 a share, above analyst estimates of $2.
(Bloomberg) -- Citigroup Inc.’s stock traders notched a record revenue haul, leading a slew of the firms’ key business lines in surpassing Wall Street’s expectations.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With Apple
The bank's equities unit brought in $7.42 billion, its third consecutive all-time record, while investment banking fees climbed 55%
Dow Jones banks JPMorgan Chase, Goldman Sachs detailed Q2 results on Tuesday. JPM stock slides away from a buy zone.
Equity Markets revenue jumped 86% to $6 billion, while investment banking fees climbed 30% to their highest level since 2021
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.
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.
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.
The bank earned $2.00 per share in the second quarter, topping analyst expectations of $1.72 per share
(Bloomberg) -- Bank of America Corp.’s stock traders notched a record during the second quarter, benefiting from market volatility, while its investment bankers capitalized on a dealmaking resurgence. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleDisney Exiting Streamin
Bank of America said its profit jumped 27% from a year earlier in the second quarter. Net income came in at $9.07 billion. That amounted to $1.21 a share, above analyst estimates for $1.13 per share.
JPMorgan Chase’s profit shot up 41% in the second quarter to $21.16 billion, or $7.70 per share. Revenue jumped 28% to $57.35 billion. Wall Street analysts had forecast a profit of $5.59 per share on revenue of $51.
The card company is benefiting from a continuous rise in spending by consumers who hold Delta Air Lines branded cards.
(Bloomberg) -- Wells Fargo & Co. reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleDisney Exiting Streaming Could Spur 40% Rally: Wells FargoNoninte
The Israeli chip manufacturer said it will spend $3 billion on expanding its chip production in Japan, with $1 billion coming from a Japanese government grant.
(Bloomberg) -- Global investors buying stocks aggressively should consider reducing exposure, according to Bank of America Corp.’s fund manager survey.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route Open Despite Iran Declaration, Maritime Group SaysAsset allo
(Bloomberg) -- Klarna is seeking to offload credit risk tied to a portfolio of ‘buy now, pay later loans’, in a deal aimed at freeing up capital as it looks to accelerate its international expansion plans.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route Open D
Nvidia has more than halved the number of Asian customers authorized to buy its AI chips after creating a new "white list" of companies that have passed tougher compliance checks aimed at preventing the products from reaching China, the Financial Times reported on Monday. Nvidia did not immediately respond to a Reuters request for comment outside regular business hours. Under a renewed review, over half of Nvidia's previous customers, especially neo-cloud providers, were excluded, the report said, adding that companies that failed the initial review could make changes and reapply.
(Bloomberg) -- Stocks dropped on Monday as investors assessed a tense situation in the Middle East, with President Donald Trump reinstating the US blockade of Iranian ships transiting the Strait of Hormuz.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Restarts Iran Blockade as US Plans 20% Hormuz ChargeTrump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route Open Despite
Bloom Energy has been one of the hottest stocks on Wall Street this year. The stock is up over 800% in the last 12 months and 1,300% in the past three years. The remarkable run has turned the fuel cell maker into one of the biggest AI infrastructure stories in the market. Despite its outsized ...
Why are chip stocks collapsing while the Dow barely budges? Korean markets just had their worst day since the 2008 financial crisis, and the fallout is hitting semiconductors hard.