JP Morgan posts an earnings beat, but the bank's stock falls on lowered interest forecast
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.
Wells Fargo & Co beat analysts' estimates for quarterly profit on Tuesday, as the fourth-largest U.S. bank benefited from an uptick in lending and aggressive cost cutting.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Tuesday as higher interest income and buoyant consumer lending offset lower activity at its trading desks.
Ryanair expects to fly between 151 million and 153 million passengers in the year to March 31, 2020, Chief Executive Michael O'Leary said on Tuesday, down from an earlier forecast of 153 million passengers.
Here are the biggest calls on Wall Street on Tuesday
Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East.
Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equity trading and an increase in lending to its wealthy clients and companies.
Wells Fargo's second-quarter earnings report is a mixed bag, with stronger checking and consumer lending but slightly lower net interest income.
Goldman's total revenue was down 2% from the second quarter of last year, while investment banking revenue fell 9% year over year.
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on Tuesday
Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting.
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts.
Blue Apron Holdings Inc said on Tuesday it would include Beyond Meat Inc's plant-based burgers on its menus from next month, a bet on the growing popularity of meat alternatives that sent the meal kit delivery firm's shares up 11%.
Expectations for lower rates and less fear about tariffs sent investors back into the market and set up a profitable run ahead.