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Bank of America, Morgan Stanley and Bank of New York Mellon were among the banks that reported quarterly earnings on Tuesday.
Dreaming of time
Stock futures are only slightly lower on Tuesday Later
american bank
And
Morgan Stanley
quarterly earnings reports and prior data on US retail sales.
These stocks are ready to move on Tuesday:
american bank
of (code: BAC) Q2 profit increased rose 19% year-on-year to $7.4 billion, or 88 cents a share, well above the expectations of analysts surveyed by FactSet, who forecast profits of $6.9 billion. dollars, or 84 cents. Revenue rose 11% to $25.2 billion, slightly above the $25 billion forecast. Increasing net interest income is one of the main drivers of increasing profits. Shares rose 0.5%.
Morgan Stanley
(MS) rose 0.2% after investment banking announced a 12% decrease in profit compared to the previous year to $2.2 billion, or $1.24 a share, on revenue of $13.5 billion. Analysts surveyed by FactSet expected earnings of $1.20 a share on revenue of $13 billion.
Financial PNC
(PNC) fell 3.1% after the regional bank posted second-quarter revenue of $5.29 billion, miss Wall Street’s forecast worth $5.45 billion.
Bank of New York Mellon
(BK) fell 0.7% even after the bank posted better-than-expected second-quarter earnings as Net interest income increased sharply 33%.
Synchronized Finance
(SYF) rose 0.6% in premarket trading after the credit card company announced second-quarter net interest income rose 8% to $4.1 billion.
Charles Schwab
(SCHW) reported second-quarter adjusted earnings of 75 cents a share on revenue of $4.66 billion, 71 cents above profit and $4.61 billion in revenue. Analysts have estimated. The stock was up 0.1%.
masimo
(MASI), a maker of hospital equipment, fell 29% after it said it expected second-quarter revenue from $453 million to $457 million, much lower than forecast. of analysts is $553 million. Among other factors,
masimo
indicates large orders have been pushed back in the second half of the year. The company said it is “taking actions to reduce costs in the second half of the year” of 2023.
Financial FB
(FBK) jumped 9.5% after FirstBank’s parent company announced second-quarter earnings late Monday of 77 cents a share, 65 cents higher than estimates.
Pinterest
(PINS) rallied 3.4% to $30.14 after analysts at Evercore ISI upgraded the stock to Outperform from In Line with a price target of $41.
US depository receipts about
Novartis
(NVS) up 2.7% in premarket trading after Swiss pharmaceutical company raise the outlook for the whole year and announced a $15 billion acquisition.
Lockheed Martin
(LMT) posted second-quarter adjusted earnings of $6.75 a share on revenue of $16.7 billion. Wall Street is looking for earnings of $6.45 on revenue of $15.9 billion. Second quarter F-35 deliveries increase again up to 45 units. Shares rose 0.9%.
AT&T
(T) jumped 0.5% in premarket trading to $13.6 after the telco fell nearly 7% to $13.53 on Monday, its lowest close since May. 2 year 1993.
Write to Joe Woelfel at [email protected]
