Earnings Reports

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The world's largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere.

Morgan Stanley reported better than expected fourth quarter earnings before the bell Thursday as rising markets helped the wealth and investment management business. $MS followed Bank of America $BAC JPMorgan Chase $JPM, Wells Fargo $WFC, PNC Financial $PNC Goldman Sachs and Citigroup $C reporting

Bank of America reported better than expected fourth quarter earnings before the bell Wednesday. However Of three main divisions, only its global markets business posted a quarterly increase in profit. $BAC followed Citigroup $C JPMorgan Chase $JPM. Wells Fargo $WFC

Citigroup posted better than expected results before the market with $C revenues from its fixed-income, currency and commodities trading division getting a boost from higher rates during the quarter. $C reported after other money center banks JPMorgan Chase $JPM, Wells Fargo $WFC.

Wells Fargo reported worse than expected Q4 earnings before the bell Tuesday. $WFC reported along with JPMorgan $JPM and Citigroup. The bank continued to feel ramifications from the sales scandal. Quarterly profit was $2.87 billion, down over 50% from the year-ago period,

JPMorgan Chase, America's largest bank reported better than expected Q4 earnings Tuesday before the open. $JPM saw quarter profit rise 21% to $8.52 billion, or $2.68 a share. Equities Revenue was $1.37 billion. Wells Fargo $WFC and Citigroup also report Tuesday.

More bad news for FedEx after dissappointing earnings last week, Sunday, Amazon announced third-party sellers could not use $FDX's Ground and Home shipping for Prime services. FedEx wounded by slow European economy and the trade war took a hit.

Nike reported stronger earnings than expected  for the fiscal second quarter of 2020 after the close Thursday. $NKE saw strong revenue growth, gross margin expansion, selling and administrative expense leverage,  lower tax rate and lower average share count.

Pharmacy retailer Rite Aid swung to a much larger profit in the third quarter than expected, from a loss last year, with help from debt retirements and increased adjusted EBITDA. In a heavily short market it popped 45% after the release.

Software solutions provider Adobe Systems reported better than expected earnings Fourth quarter earnings on Thursday with record quarterly revenue of $2.99 billion, 21% y/y growth. In fiscal year 2019 $ADBE saw record annual revenue of $11.1 7 billion, up 24% year-over-year

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