A strong second-quarter report and solid outlook for non-lending revenues could mark an important turning point for SoFi Technologies.
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(Bloomberg) -- Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.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 Le
Dimon also cautioned that geopolitical tensions, large global fiscal deficits and elevated asset prices could trigger significant disruptions.
Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout
TSMC, the world’s largest contract chip manufacturer, is set to report earnings Thursday, with traders expecting a big move from the stock.
IBM said on Tuesday it expects second-quarter revenue of $17.2 billion, according to preliminary results. Analysts expect the company to report revenue of $17.86 billion, according to data compiled by LSEG. Shares of the company fell 14% in premarket trading.
July 14 (Reuters) - AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia's latest chips.
Retirement planning fixates on depletion risk. The quieter problem is that a portfolio can hold its dollar value for thirty years and still leave a retiree poorer in real terms. The CPI-U rose from 308.417 in January 2024 to 335.123 in May 2026, while the 2026 Social Security COLA was 2.8%. Core PCE inflation reached ... The Real Risk in Retirement Isn’t Running Out of Money. It’s Losing Your Purchasing Power.
JPMorgan stock wavered between narrow gains and losses in premarket trade after its results showed second-quarter profit shot up 41%, helped by a one-off gain from its investment in Visa. Wells Fargo shares ticked higher before the bell after its results showed profit increased 17% from a year earlier.
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📣 “Several risks are shifting below the surface like tectonic plates.” — JPMorgan Chase CEO Jamie Dimon, citing wars, inflation and big fiscal deficits as threats. He noted that the economy has shown “notable resiliency” with the help of AI-related capital spending and fiscal stimulus.
Earnings season is here and we’ve got the first batch of big name companies reporting earnings this week with Taiwan Semiconductor, JP Morgan Chase, Wells Fargo, Bank of America, Goldman Sachs and Unitedhealth Group all set to report.
JPMorgan Chase CEO Jamie Dimon said in a statement that while the U.S. economy “has demonstrated notable resiliency this year, with stronger business investment and hiring,” there are a range of risks.
JPMorgan’s soaring profit was boosted by a one-time $4.6 billion gain on the stake it holds in Visa. That’s a big reason the profit blew by analyst estimates. History lesson: The banks created Visa and many of them still hold legacy stakes.
Bank of America reported second-quarter earnings that beat analysts' forecasts, with earnings per share coming in at $1.21 on revenue of $31.6 billion. Wall Street analysts had expected the bank to report earnings per share of $1.
(Bloomberg) -- JPMorgan Chase & Co. reported its highest quarterly profit ever as stock traders blew past analysts’ estimates and a long-held Visa Inc. stake paid off to the tune of $4.6 billion.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 Coul
Wells Fargo CEO Charlie Scharf sounded an optimistic note about the economy after his bank reported a 17% profit jump in the second quarter. Here’s what he had to say: “Consumers and businesses remain very strong.
Wells Fargo turned in better-than-expected second-quarter earnings thanks to strong performance from its investment banking and wealth management units. The company’s corporate and investment banking unit posted revenue of $5.4 billion for the quarter, a 16% increase from the same period last year. The wealth management unit reported revenue of $3.9 billion, up 13% year over year.
MARKETS AM NEWSLETTER Oil prices surged Monday, erasing a month of declines, amid renewed fighting between the U.S. and Iran. But investors’ attention will likely drift Tuesday, at least temporarily, to a flood of bank earnings and the latest reading of U.
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JPMorgan Chase’s profit in the second quarter rose 41% from a year ago to $21.2 billion, the bank said Tuesday. Excluding significant items, the bank's’s net income was $16.9 billion. Shares of the largest U.S. bank rose 1.3% in premarket trading.
Main Street Capital's combined dividend payments current exceeds its quarterly distributable net investment income.
Wells Fargo said its profit increased 17% from a year earlier in the second quarter. Net income at the bank was $6.41 billion. That amounted to $2 a share, above analyst estimates of $1.72. Revenue was 9% higher at $22.
Wells Fargo reported second-quarter earnings that exceeded analysts' forecasts, with earnings per share coming in at $2. Second-quarter revenue was $22.6 billion. Wall Street analysts had expected the bank to report earnings per share of $1.
The Chinese state-owned manufacturer will display EV models at a Montreal event this week and is currently pursuing certification for its vehicles with Canadian regulators.
Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to bolster chip manufacturing in Japan, including $1 billion in grants from the Japanese government. The move aims to help the company's production of silicon photonics - which uses light to move data faster between AI chips - and silicon-germanium technology, which enables faster and more energy-efficient semiconductor devices. The expansion will occur in two phases, with the first phase involving converting Tower's Arai facility in Japan, formerly Fab 6, for 300-millimeter silicon photonics production, with full operations expected by the fourth quarter of 2027.
Market pulses were elevated on Tuesday as Wall Street contended with surging oil prices amid renewed fighting in the Middle East and braced for key economic indicators from the Consumer Price Index and the Fed, and earnings from America's big banks. The Cboe Volatility Index, or Vix, rose 1% to 17.32. The widely watched gauge takes the temperature of Wall Street and any reading above 20 tends to indicate increased market volatility.
(Bloomberg) -- Bitcoin miner CleanSpark Inc. has agreed to a 20-year infrastructure lease for a data center at its Sandersville campus in Georgia for $6.6 billion in contracted revenue. 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
European bond yields are forging higher, in line with moves in U.S. Treasurys, as renewed hostilities in the Mideast push oil prices higher and revive inflation worries. The yield on the 10-year U.K. gilt has risen above 5%, after ending last week below 4.