Earnings Reports

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Bank of America reported better than expected fourth quarter earnings before the bell Wednesday. $BAC followed JPMorgan Chase $JPM. Wells Fargo $WFC, PNC Financial $PNC and Citigroup $C reports. The bank benefited from rate leverage with higher rates.

Goldman Sachs, America's largest investment bank reported better than expected fourth quarter earnings before the bell Wednesday. $GS surpassed concerns exist over $GS trading revenue and delivered their highest EPS ever.

PNC Financial reported worse than expected fourth quarter earnings before the bell on Wednesday after Bank of America $BAC, Wells Fargo $WFC, Citigroup $C and JPMorgan $JPM.  They had been beating on a growing loan book with improving interest rate margins.

Wells Fargo missed Q4 revenue before the bell Tuesday. $WFC reported 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.

JPMorgan Chase, America's largest bank reported worse than expected Q4 earnings Tuesday before the open. $JPM revenue declined across all its segments except for Consumer & Community Banking. Wells Fargo $WFC, Citigroup $C and PNC Financial $PNC also reported. 

Citigroup starts off the banking sectors Q4 earnings with mixed results before the market open Monday. $C reports ahead of other money center banks Bank of America $BAC JPMorgan Chase $JPM, Wells Fargo $WFC, PNC Financial $PNC 

Consumer electronics giant Apple warned on Wednesday after the market close sending $AAPL down over 9% and spurred a flash crash in forex markets and sent risk assets lower. Last quarter the company missed iPhone shipment estimates.

Software giant Oracle reported better than expected fiscal second quarter earnings after the close Monday. $ORCL faces competition on two main fronts, $AMZN for Cloud infrastructure and $CRM platform database revenue. 

Open source Linux software provider Red Hat who recently agreed to be acquired by IBM reported earnings after the close Monday, beating on earnings but missing on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.

Machine data specialist Splunk reported better than expected hird quarter earnings despite higher costs and expenses. $SPLK raised revenue guidance for 2019 and 202 and guided fourth-quarter revenue higher, the stock rose 8% after the release.

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