Earnings Reports

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Aluminum producer Alcoa reported better than expected third quarter earnings on revenue down 5% sequentially on lower aluminum prices Special items of $160M driven by pension/OPEB action written off.  Warned again on the Trade War affect and tariffs. 

Railway giant CSX Corp delivered better than expected Q3 earnings. $CSX achieved a record operating rartio with increases in fuel recovery, price rises and volume growth in most markets. Railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later this week.

Streaming giant Netflix reported better than third quarter earnings after the close Tuesday. Analysts focused on the FANG leaders much higher domestic and international subscribers which saw $NFLX gap up 12%, last quarter $NFLX collapsed over 12% in after hours.

Goldman Sachs, America's largest investment bank reported better thane expected third quarter earnings before the bell Tuesday. Concerns exist over $GS equity trading revenue. These are the first earnings under new CEO David Solomon.

Morgan Stanley reported better than expected third quarter 2018 earnings before the bell Tuesday. $MS follow the other major banks; Bank of America $BAC JPMorgan Chase $JPM. Wells Fargo $WFC, PNC Financial $PNC and Citigroup $C$C reporting

Bank of America reported better than expected  third quarter earnings before the bell Monday. Last week JPMorgan Chase $JPM. Wells Fargo $WFC, PNC Financial $PNC and Citigroup $C$C reported.  In Q2 $BAC saw a 43% drop in income taxes to $1.7 billion from $3 billion.

Citigroup reported mixed Q3 18 earnings before the market open Friday. $C Beat on EPS but missed on revenue. $C joined other money center banks JPMorgan Chase $JPM.. Wells Fargo $WFC, PNC Financial $PNC kicking off the reporting season.

Wells Fargo missed third quarter earnings eatimates before the bell on Friday. $WFC reportsed along with JPMorgan $JPM, Citigroup $C and PNC Financial $PNC. Earnings and the stock have been hampered by seemingly endless scandals and their future rebrand.

PNC Financial $PNC reported mixed third quarter earnings before the bell on Friday along with Wells Fargo $WFC, Citigroup $C and JPMorgan $JPM.  They have been beating on a growing loan book with improving interest rate margins but revenue missed forecasts.

JPMorgan Chase $JPM, America's largest bank kicked off the banking sector's Q318 earnings season on Friday before the market opened beating expectations. The other money center major bank Wells Fargo $WFC, Citigroup $C and PNC Financial $PNC also reported.

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