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05.08.25 - 18:18
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82% of S&P 500 Companies Have Earnings Beats (Bloomberg)
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So far, 82% of S&P 500 companies have beat earnings estimates this quarter. It's the best rate since 2021. Tesla gives CEO Elon Musk a stock award worth $30 billion if he stays on as CEO for another two years. Warren Buffet's Berkshire Hathaway shares slump after the company was hit with a $3.8B Kraft Heinz charge. Tom Miles Head of Americas Mergers & Acquisitions Morgan Stanley joined Wall Street Beat to talk about what's driving M&A strength so far this year. Jon Vander Ark, President & CEO of Republic Services, joins Open Interest to discuss the impact of tariffs on the trash business. (Source: Bloomberg)...
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22.07.25 - 02:48
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Stocks Kick Off Busy Earnings Week at Highs | The Close 7/21/2025 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley's Andrew Szczurowski, Hayman Capital, Management's Kyle Bass, BNY Wealth's Sinead Colton Grant, FICO's Will Lansing, Western Union's Devin McGranahan, JPMorgan's Gabriela Santos, Yellow Card's Chris Maurice, and Grammy Nominated Rapper Jay "Jeezy" Jenkins. (Source: Bloomberg)...
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16.07.25 - 16:33
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Bank of America Misses On Revenue Despite Stellar Sales And Trading Results, Projects Two Rates Cuts In NII Forecast (ZeroHedge)
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Bank of America Misses On Revenue Despite Stellar Sales And Trading Results, Projects Two Rates Cuts In NII Forecast
The strong bank earnings continued for a second day, when after solid results from JPM yesterday (if rather mediocre from Wells) this morning we got top and bottom line beats from Goldman, Morgan Stanley and Bank of America. Taking a closer look at the latter, the bank's traders posted a record second quarter - yet one which missed revenue estimates - as the company reaped the benefits of volatile markets and net interest income topped analysts' estimates.
While BofA reported an EPS beat (Q2 came at $0.89, vs est of $0.85), total Q2 revenue of $26.5 billion was down 3% YoY from $27.4 billion a year ago, and missed estimates of $26.75 billion. Overall, Bank of America's second-quarter profit rose, with net income up 3.2% to $7.12 billion, more than the $6.56 billion analysts had predicted.
Still, revenue from fixed income, currencies and commodities trading jumped 19% to $3....
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