Stocks

Google Ad

PNC Financial reported better than expected first quarter earnings before the bell on Friday. $PNC saw higher interest income and a rise in non-interest income,  The Bank reported after Citigroup, Goldman Sachs, CitigroupWells Fargo  and JPMorgan

Citigroup reported better than expected Q1 earnings Thursday before the market including a $3.4 bln credit reserve release. $C reported after JPMorgan Chase, Goldman Sachs and Wells Fargo. Citi will operate consumer banking solely from 4 wealth centers: Singapore, Hong Kong, UAE, and London.

Bank of America reported better than expected first quarter earnings before the bell Thursday on surginginvestment banking and trading results coupled with the release of loan-loss reserves.  $BAC followed CitigroupJPMorgan Chase, Wells FargoGoldman Sachs reporting

Digital banking platform Coinbase went public on Wednesday trading under the symbol $COIN. The Nasdaq’s first major direct listing rose as high as $429.54 briefly giving it a market value over $100 billion. Growing popularity of cryptocurrencies has seen attention shift towards the exchanges they trade on.

Goldman Sachs, America's largest investment bank reported record first-quarter net profits and revenues from the firm’s investment banking and trading businesses. $GS results represented growth of 498% from a year earlier. Investment banking net revenues a record $3.77 billion

Wells Fargo reported better than expected Q1 earnings before the bell on Wednesday after JPMorgan and Goldman Sachs. $WFC results were helped by a net benefit of $1.05 billion from reserve releases. Shares of the bank rose 5.5%

JPMorgan Chase, America's largest bank reported better than expected first quarter earnings Wednesday before the open. Revenue of $33.12 billion exceeded expected $30.52 billion driven by the $JPM’s trading $1.8 billion more revenue than analysts had expected. Goldman Sachs,  and Wells Fargo also report Wednesday.

Danaher is a name not often linked to the Coronavirus vaccine industry. In fact DHR has been entrenched in the development of COVID-19 vaccines and therapeutics through its $21.4 bln acquisition of Cytiva last March and raised its Q1 guidance to the high end. 

Earnings kicks off with reports from the major banks names including Wells Fargo (WFC), Goldman Sachs (GS) and JPMorgan Chase & Co (JPM) on Wednesday. On Thursday Bank of America (BAC), BlackRock (BLK), and Citigroup (C) report. Morgan Stanley (MS) and PNC Group (PNC) report Friday.

Memory chip maker Micron reported stronger earnings after the close Wednesday. Both business lines, DRAM and NAND memory chips exceeded forecasts. $AMD has been trying to recover from near their six months lows with the technology selloff.

Google ads