Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec

- Wall Street CEOs described their impressive second-quarter earnings in confident terms on Tuesday, as all five banks that reported results notched double-digit profits. The banks — JPMorgan, Goldman Sachs (GS), Citi (C), Wells Fargo (WFC), and Bank of America (BAC) — generally reported big gains in equities trading revenue and investment banking fees.

- Lucid Group (LCID) shares sank Tuesday after a news report said the electric vehicle maker is working with restructuring adviser AlixPartners and weighing options that include filing for bankruptcy protection or going private. Lucid confirmed in a statement to Bloomberg News that it is working with the adviser while saying that rumors circulating in industry publications about a possible bankruptcy filing are “completely false.” The stock tumbled as much as 57%, in its worst intraday drop ever, triggering multiple trading halts due to volatility, following the report on the website for the trade publication EV.

- International Business Machines (IBM) shares slid by the most in almost six decades after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages. Sales from IBM’s infrastructure division were especially hard hit, dropping 7%. The company said it’s still reviewing its books and final results, set to post next week, may be slightly different.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec - Wall Street CEOs described their impressive second-quarter earnings in confident terms on Tuesday, as all five banks that reported results notched double-digit profits. The banks &mdash; JPMorgan, Goldman Sachs (GS), Citi (C), Wells Fargo (WFC), and Bank of America (BAC) &mdash; generally reported big gains in equities trading revenue and investment banking fees. - Lucid Group (LCID) shares sank Tuesday after a news report said the electric vehicle maker is working with restructuring adviser AlixPartners and weighing options that include filing for bankruptcy protection or going private. Lucid confirmed in a statement to Bloomberg News that it is working with the adviser while saying that rumors circulating in industry publications about a possible bankruptcy filing are &ldquo;completely false.&rdquo; The stock tumbled as much as 57%, in its worst intraday drop ever, triggering multiple trading halts due to volatility, following the report on the website for the trade publication EV. - International Business Machines (IBM) shares slid by the most in almost six decades after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages. Sales from IBM&rsquo;s infrastructure division were especially hard hit, dropping 7%. The company said it&rsquo;s still reviewing its books and final results, set to post next week, may be slightly different.

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

Closing Bell: Big Banks Gain, Lucid Plunges, IBM Drops 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97c52a26-584d-46c5-ad2c-b487014fc952/transcript