Morgan Stanley beat earnings estimates as stock trading, investment banking top expectations

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 … Read more

Stocks making the biggest moves midday: Oatly, AMC, Lululemon, American Airlines and more

A pint of Oatly brand ice cream is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bank of America — Shares of the banking giant fell 3.7% after reporting quarterly … Read more

Stock futures mostly flat ahead of bank earnings

The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures fell 10 points, … Read more

Stock futures open mostly flat ahead of the kickoff of earnings season

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed … Read more

Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research

It’s the countdown to the second-quarter earnings season. The big banks dominate the calendar in coming days, with JPMorgan, Goldman Sachs, Citigroup and Bank of America all reporting on their recent quarter. Sam Stovall, chief investment strategist at CFRA Research, said investors should brace themselves — this one will be a doozy. “I think what … Read more

Earnings season begins in the week ahead with eye-popping growth set to validate market’s 2021 run

Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits for … Read more

Stocks making the biggest moves midday: Goldman Sachs, United, Discovery and more

A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as bond yields rebounded. JPMorgan, Goldman Sachs and Bank of America climbed more … Read more

Stocks making the biggest moves in the premarket: Levi, General Motors, American Airlines and more

People walk past GM vehicles on display at the General Motors world headquarters building at Detroit’s Renaissance Center. Paul Hennessy | SOPA Images | LightRocket | Getty Images Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) — The denim maker added about 3% after reporting quarterly earnings Thursday … Read more

Bank of America: Billions are about to pour into EV infrastructure — and these stocks will benefit

Cavan Images | Getty Images Electric vehicle adoption is at an inflection point, according to Bank of America analysts who identified a new way to play the trend. An increasing need for EV charging technology is set to benefit a raft of global stocks, according to the bank, including semiconductor and Big Oil companies, as … Read more