Earnings Reports

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Goldman Sachs, America's largest investment bank reported much stronger than expected second quarter earnings before the bell Wednesday. $GS bond trading revenue surged almost 150% to $4.24 billion, and equities trading revenue rose 46% to $2.94 billion.

Wells Fargo reported worse than expected Q2 earnings before the bell on Tuesday with its first quarterly loss since the Great Recession. $WFC reported along with JPMorgan $JPM

JPMorgan Chase, America's largest bank reported better than expected Q2 earnings Tuesday before the open. $JPM bond and equity trading revenue surged 79% to a record $9.7 billion. Citbank and Wells Fargo also reported Tuesday.

FedEx reported a huge beat in second quarter earnings after a series dissappointing earnings affected severeing  its Amazon  contracts. $FDX was up over 8% after hours. FedEx had been wounded by a slow European economy but is benefiting from the stay at home world at cheap het fuel and diesel.

With the Covid-19 crisis US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart's (WMT) online segment and we see the same with Big Lots. With record unemployment also making consumers price conscioss the discount and closeout retailer $BIG guided earnings sending the stock soaring 32%

Nike reported a surprise loss for the quarter May 31 2020 after the close Thursday. $NKE saw strong digital revenue growth but gross margin pressure and selling and administrative expense gains with inventory buildup hurt results.

Online marketplace company Groupon reported better than expected first quarter earnings after the close Tuesday. $GRPN said that recent performance trends indicate the company is recovering more the Covid lockdown more quickly than expected.

Leading cloud-based subscription management platform provider Zuora reported better than expected earnings and guided higher with stay at home demand from the COVID lockdown during its fiscal first quarter on Wednesday, $ZUO stock rose on 20% the report

Leading videoconferencing software company Zoom Video Communications reported major revenue growth with the stay at home demand from the COVID lockdown during its fiscal first quarter on Tuesday after the market ZM stock rose on the report

Leading luxury homebuilder Toll Brothers reported better than expected first-quarter earnings Wednesday. The stock $TOL rose over 9% on the report after being up over 9% earlier, up 18% on the day on hopes of recovery. Home sales revenues were $1.52 billion, down 11%

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