Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BofA (BAC) reported equities trading revenue excluding DVA for the second quarter that beat the average analyst estimate.
- JPMorgan (JPM) reported equities sales & trading revenue for the second quarter that beat the average analyst estimate.
- Wells Fargo (WFC) reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - BofA (BAC) reported equities trading revenue excluding DVA for the second quarter that beat the average analyst estimate. - JPMorgan (JPM) reported equities sales &amp; trading revenue for the second quarter that beat the average analyst estimate. - Wells Fargo (WFC) reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Bank of America Beats, JPMorgan Lower, Wells Fargo Extends Gains

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4450280a-0071-4013-a20a-b48700b5e6af/transcript

On this episode of Stock Movers:
- IBM (IBM) shares plunge. International Business Machines Corp. reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. Preliminary second-quarter revenue totaled $17.2 billion, below analysts’ estimates of $17.9 billion, with sales from IBM’s infrastructure division dropping 7%.
- Goldman Sachs (GS) shares rise. Goldman Sachs Group Inc. posted $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East. The firm's equities result jumped 72% from a year earlier, driven both by financing and taking profit in arranging bets, and its investment bankers posted their highest fees since 2021 from advising on mergers and underwriting.
- HCA Healthcare (HCA) shares drop. The healthcare services company cut its earnings per share forecast for the full year. It cited more patients struggling to access health insurance on Obamacare exchanges. HCA said a jump in the number of patients who lost Obamacare health insurance coverage hit pre-tax income by about $400 million in the second quarter.

On this episode of Stock Movers: - IBM (IBM) shares plunge. International Business Machines Corp. reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. Preliminary second-quarter revenue totaled $17.2 billion, below analysts&rsquo; estimates of $17.9 billion, with sales from IBM&rsquo;s infrastructure division dropping 7%. - Goldman Sachs (GS) shares rise. Goldman Sachs Group Inc. posted $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East. The firm's equities result jumped 72% from a year earlier, driven both by financing and taking profit in arranging bets, and its investment bankers posted their highest fees since 2021 from advising on mergers and underwriting. - HCA Healthcare (HCA) shares drop. The healthcare services company cut its earnings per share forecast for the full year. It cited more patients struggling to access health insurance on Obamacare exchanges. HCA said a jump in the number of patients who lost Obamacare health insurance coverage hit pre-tax income by about $400 million in the second quarter.

IBM Plunges, Goldman Sachs Rises, HCA Healthcare Drops After Full-Year EPS Forecast Cut 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3c5fb4c4-d1db-4776-b91c-b48700ea4c0e/transcript

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages.
- Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JPMorgan soared past all estimates on equities trading, but missed on FICC sales and trading revenue. Bank of America net interest income met estimates. Shares have oscillated in early trading.
- Apple (AAPL) shares are falling after being cut to underweight from sector weight at KeyBanc, which expects weaker device demand and service revenue growth in the US, a dynamic that makes the stock look unfavorable due to its high valuations.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. - Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JPMorgan soared past all estimates on equities trading, but missed on FICC sales and trading revenue. Bank of America net interest income met estimates. Shares have oscillated in early trading. - Apple (AAPL) shares are falling after being cut to underweight from sector weight at KeyBanc, which expects weaker device demand and service revenue growth in the US, a dynamic that makes the stock look unfavorable due to its high valuations.

IBM Drops; Big Banks Report; Apple Slumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4264321c-d730-4aef-a694-b48700dd9a61/transcript

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Ericsson's shares fell as much as 10.3%, the most in about 18 months, after the Swedish company said margins for its main business will come under pressure this quarter. 
- Watches of Switzerland’s annual revenue jumped by 13%, underpinned by strong US demand that the luxury watch retailer said is laying the foundation for long-term profit growth.
- BP shares gain as much as 3.3% to touch a one-month high as Jefferies noted that the oil major’s net debt estimates for the second quarter had undershot expectations.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Ericsson's shares fell as much as 10.3%, the most in about 18 months, after the Swedish company said margins for its main business will come under pressure this quarter. - Watches of Switzerland&rsquo;s annual revenue jumped by 13%, underpinned by strong US demand that the luxury watch retailer said is laying the foundation for long-term profit growth. - BP shares gain as much as 3.3% to touch a one-month high as Jefferies noted that the oil major&rsquo;s net debt estimates for the second quarter had undershot expectations.

Ericsson Plunges, Watches of Switzerland Jumps, BP Gains

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/76b7bb4d-f93a-4722-bba1-b48700a0ce08/transcript

Bank of America Beats, JPMorgan Lower, Wells Fargo Extends Gains

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