Earnings Reports

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Streaming giant Netflix reported better than expected third quarter earnings and hit record subscriber growth after the close Wednesday. However US paid net adds of 0.5 million missed forecast of 0.8 million. $NFLX shares rose more than 9% on the news.

Bank of America reported better than expected third quarter earnings before the bell Wednesday. 3 of 4 $BAC main divisions gained in revenue, up 8% global banking business to $5.2 billion on higher investment banking fees. JPMorgan Chase $JPM. Wells Fargo $WFC, PNC Financial $PNC Goldman Sachs and  Citigroup have all reported also.

PNC Financial reported better than expected third quarter earnings before the bell on Wednesday. $PNC saw higher interest income and a rise in non-interest income. Reporting after Citigroup, Goldman SachsWells Fargo $WFC and JPMorgan $JPM

Goldman Sachs, America's largest investment bank reported worse than expected third quarter earnings before the bell Tuesday. $GS saw lower revenues in investment management and investment banking, partially offset by higher revenues in investing & lending.

Wells Fargo reported worse than expected Q3 earnings before the bell Tuesday. $WFC reported along with JPMorgan $JPM and Goldman Sachs  . The bank reported a $1.6 billion litigation charge citing the continued ramifications from the sales scandal.

JPMorgan Chase, America's largest bank reported better than expected Q3 earnings Tuesday before the open. $JPM saw quarter profit rise 8% to $9.1 billion, or $2.68 a share. Equities Revenue was $1.58 billion. Wells Fargo $WFC and Goldman Sachs also report Tuesday.

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 Bank of America $BAC JPMorgan Chase $JPM, Wells Fargo $WFC, PNC Financial $PNC and Goldman Sachs.

Iconic American blue jean maker Levi Strauss & Co. released better than expected third quarter earnings with revenue growth in Europe up 34%. However Americas revenue fell by 3% with lower gross margins.

Nike reported stronger earnings than expected earnings for the fiscal first quarter of 2020 after the close Tuersday with better sales in North America and China with digital sales up 45%. $NKE shares traded up 5.5% to a record high of $92.25.

FedEx Corp reported worse than expected first quarter 2020 earnings after the close Tuesday. The trade war has hurt $FDX more than most with it's large China presence seeing it lower its guidance for full-year 2020. $FDX was trading down about 9% after hours.

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