Streetbeat News

Earnings

WFC

Wells Fargo's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:57 am

JPM

JPMorgan Chase reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:56 am

ERIC

LESL

LILM

NOK

QBTS

TCOM

THRX

Several stocks including Theseus Pharmaceuticals, Leslie's, Nokia, Ericsson, Lilium, D-Wave Quantum, and Trip.com Group recorded losses in pre-market trading. Theseus Pharmaceuticals announced plans to discontinue a Phase 1/2 study, causing its shares to tumble. Leslie's released preliminary results for its fiscal third quarter and announced a CFO transition, leading to a dip in its shares. Nokia reduced its net sales guidance and narrowed its operating margin outlook for 2023, causing its shares to tumble. Ericsson posted a loss for the second quarter, leading to a decline in its shares. Lilium reported the launch of a public offering of Class A ordinary shares and concurrent private placement offering, causing its shares to fall. D-Wave Quantum's shares declined after surging over 33% on Thursday. Trip.com Group's shares fell despite Benchmark reiterating it with a Buy and maintaining a $55 price target.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 10:55 am

JPM

JPMorgan's Q2 investment banking revenue has increased by 11% to $1.5B, while its Markets & Securities Services revenue has decreased by 10% to $7B.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:54 am

TIXT

TU

TELUS Corp (NYSE:TU) has revised its 2023 outlook, reducing its operating revenue growth to 9.5%-11.5% and adjusted EBITDA growth to 7%-8%. This follows a revised 2023 outlook for TELUS International (Cda) Inc (NYSE:TIXT), which expects Q2 revenue of $660 million-$668 million, a Y/Y decline of 1%, and adjusted EBITDA of $117 million-$120 million. TIXT's 2023 outlook projects revenue of $2.700 billion-$2.730 billion, adjusted EBITDA of $575 million-$600 million, and adjusted EPS of $0.90-$0.97.

Portfolio Pulse from Lekha Gupta

July 14, 2023 | 10:54 am

JPM

JPMorgan Chase's Q2 average loans have increased by 13%, while average deposits have decreased by 6%.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:52 am

JPM

JPMorgan Chase has reported its Q2 managed revenue of $42.4 billion.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:50 am

JPM

JPMorgan Chase reported Q2 earnings of $4.37 per share, beating the analyst consensus estimate of $3.99 by 9.52%. This is a 58.33% increase over earnings of $2.76 per share from the same period last year. The company also reported quarterly sales of $41.30 billion, beating the analyst consensus estimate of $38.96 billion by 6.01%. This is a 30.57% increase over sales of $31.63 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:49 am

WFC

Wells Fargo reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.15 by 8.7%. This is a 68.92% increase from the same period last year. The company also reported quarterly sales of $20.53 billion, beating the estimate of $20.07 billion by 2.31%. This is a 20.58% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:48 am

BLK

BlackRock (NYSE:BLK) reported Q2 earnings of $9.28 per share, beating the analyst consensus estimate of $8.46 by 9.69%. This is a 26.09% increase from the same period last year. However, the company's quarterly sales of $4.46 billion missed the analyst consensus estimate of $4.47 billion by 0.16%. This is a 1.39% decrease from the same period last year. The company's AUM increased by 11% to $9.425T.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:17 am