Earnings Reports

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Morgan Stanley (MS) reported better than expected earnings alomng with other major banks beating before the open. The stock rose 3% in early trading bouyed by wealth management revenues.

Goldman Sachs $GS reported much better than expected second quarter earnings before the open Tuesday. However the market was concerned by slumping fixed income revenue. 

Bank of America (BAC) reported better than expected second-quarter earnings early Tuesday before the bell. $BAC saw a fall in trading but that was overcome by growth Consumer Banking, in its largest unit. 

Video streaming service Netflix (NFLX) shares rocketed up 10% after beating second-quarter earnings expectations 10% after the market close. $NFLX delivered expanding Q217 subscriber growth and strong Q3 guidance. 

Bank of America (BAC),  America's second-biggest bank by assets is scheduled to report second-quarter earnings before the bell on Tuesday.

PNC Financial ($PNC) reports second-quarter results on Friday, July 14 before the market opens. $PNC joins Citigroup ($C), Wells Fargo ($WFC) and JPMorgan ($JPM) reporting Friday morning.

JPMorgan Chase (JPM) along with the other money center major banks PNC Financial ($PNC), Wells Fargo ($WFC) and Citigroup($C) kick off the banking sector's Q217 earnings season on Friday, July 14 before the market opens.

The US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart's (WMT) online segment but is there more to it? On Friday discount and closeout retailer Big Lots, Inc. (BIG) reported better than expected Q4 earnings.

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