Stocks fell on Tuesday, with the major indexes pulling back from record levels amid a mixed batch of earnings results from major retailers. A closely watched monthly report on retail sales also missed estimates, pointing to a bigger-than-expected deceleration in consumer spending. The S&P 500 declined after closing at an […]
Earnings
Dow erases earlier gains to close lower, pulling back from an intraday record high as earnings roll in
Stocks turned lower Monday afternoon to close out the session in the red, giving back some gains after a winning July. The Dow dipped into the red, erasing earlier gains of as many as 257 points, which had sent the index to a record intraday level. The S&P 500 also […]
Stocks push higher, shaking off earlier losses amid strong earnings
Stocks rose on Tuesday, with investors’ growth concerns and worries over the Delta variant’s spread at least temporarily outweighed by optimism over a batch of better-than-expected quarterly earnings results. The S&P 500 and Dow were higher heading into the afternoon session, with the latter up more than 150 points, or […]
3 Companies That Crushed Earnings Estimates This Quarter
We are in the thick of earnings season, and three companies have already stood out among the releases after they crushed earnings in their most recent quarter. Goldman Sachs (NYSE:GS), Ally Financial (NYSE:ALLY), and Live Oak Bancshares (NASDAQ:LOB) all posted stellar earnings results this quarter, and each of them beat […]
Stock futures mixed as investors digest tech earnings, await Fed
Stock futures struggled for direction Wednesday morning, with investors digesting a slew of Big Tech earnings results and looking ahead to another set of reports. A monetary policy statement from the Federal Reserve is also slated for release. Contracts on the S&P 500 were little changed to slightly higher, with […]
Stellar Investment Banking to Aid JPMorgan (JPM) Q2 Earnings
Investment banking (“IB”) fees, one of the main sources of revenues for JPMorgan JPM, is expected to have witnessed a significant rise in second-quarter 2021 on the back of active M&A market as well as solid client activity in equities and debt capital markets. This is likely to provide much […]
Decent Investment Banking to Support BofA (BAC) Q2 Earnings
Performance of investment banking (“IB”) business, one of the key revenue sources of Bank of America BAC, is likely to have been decent in second-quarter 2021. This is, thus, expected to provide some support to the bank’s results, slated to be announced on Jul 14. IB fees mainly comprises advisory […]
JPMorgan foresees investment banking boom picking up earnings slack
JPMorgan Chase chief executive Jamie Dimon has predicted the bank is on track for one of its strongest quarters for dealmaking fees, helping compensate for anaemic loan growth and a slowdown in trading revenue. “Investment banking, it could be one of the best quarters we’ve ever seen,” Dimon said on […]
SK Telecom Co Ltd (SKM) Q1 2021 Earnings Call Transcript
Image source: The Motley Fool. SK Telecom Co Ltd (NYSE:SKM)Q1 2021 Earnings CallMay 11, 2021, 3:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator [Foreign Speech] Good afternoon. First of all, thank you all for joining this conference call and now we will begin the conference call […]