The earnings season begins with Goldman Sachs leading major bank reports, followed by JPMorgan, Wells Fargo, Citigroup, and others. Investors are focused on how these banks navigate challenges from rising energy prices and geopolitical tensions, with forward guidance closely watched for signs of profit impact. Key economic data, including the Producer Price Index and Federal Reserve Beige Book, will influence market expectations amid persistent inflation pressures. Meanwhile, oil prices remain high due to Middle East tensions, adding uncertainty to inflation and growth outlooks, though equity markets show cautious optimism.
Goldman Sachs reported a strong Q2 with revenues up 39% year-over-year, led by a surge in equities trading (+72%) and equity underwriting (+130%) due to market volatility and an AI-driven IPO boom. Their Asset & Wealth Management division also saw $2...
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
