News
Bank of America’s Q2 revenue hit a record high, with EPS in line with Wall Street estimates. Net interest income rose on loan growth, but the stock barely budged in midday trading.
News
Goldman Sachs slid more than 5% intraday, while Jefferies issued a bullish call on four dividend-paying money-center banks. The divergence comes as Wall Street’s biggest lenders post double-digit profit growth in Q2.
News
Wall Street faces a high-class problem: earnings expectations have been raised to historic highs, leaving no room for error. As Q2 reporting kicks off with big banks, the market’s focus has shifted from “can they grow” to “can they deliver.”