Stock Research

Bank of America (BAC) shares are extending gains on Tuesday morning after the investment firm came in handily above Street estimates for its fiscal Q2. BAC earned $1.21 on a per-share basis (EPS) in its recently concluded quarter, on a 15% year-on-year increase in revenue to $31.6 billion. Yet, if you pull back the curtain… Continue reading Bank of America Q2 earnings weren’t without pockets of weakness

Apple AAPL stock fell around 1% on Tuesday after KeyBanc Capital Markets downgraded the iPhone maker, citing slowing hardware demand, weaker growth expectations, and valuation concerns despite the stock’s strong performance over the past year. Shares declined about 1.7% to $311.91 on Tuesday after analyst Brandon Nispel cut his rating on the stock to Underweight… Continue reading Apple stock falls after KeyBanc downgrade on slowing growth concerns

Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher investment banking fees boosted results. The bank reported net income of $5.8 billion, or $3.15 per share, representing a 45% increase from the same period last year. Analysts had expected earnings of… Continue reading Citigroup stock rises after reporting strong Q2 results driven by trading and growth

US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike.  Investors also assessed second-quarter earnings from major US banks and corporate results, while keeping an eye on rising oil prices following renewed tensions in the Middle East. The S&P 500 rose about 0.12%, while the… Continue reading Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook

International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts’ expectations of earnings… Continue reading IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI

New York became the first US state on Tuesday to halt the construction of large new data centres, introducing a one-year moratorium as concerns grow over the impact of facilities supporting the artificial intelligence boom. The temporary ban places New York at the center of a broader national debate over how to manage the rapid… Continue reading New York halts large data centre development with one-year moratorium

Goldman Sachs reported record quarterly revenue and earnings per share on Tuesday as booming equities trading, stronger underwriting activity and rising asset-management fees propelled second-quarter profit well beyond Wall Street expectations. The New York-based bank generated net revenue of $20.34 billion in the three months through June, up 39% from a year earlier. Net earnings… Continue reading Goldman Sachs stock soars after massive earnings beat shocks Wall Street

The UK’s main stock indexes traded lower on Tuesday as escalating tensions between the United States and Iran dampened investor sentiment. Losses in financial and travel stocks outweighed gains in the energy sector, where oil major BP advanced after indicating that higher oil prices and stronger trading performance would support its second-quarter earnings. By 1024… Continue reading FTSE indexes edge lower despite energy sector gains from rising oil prices

Watches of Switzerland share price continued rising today, reaching its highest level since July 2023, helped by its strong earnings report and the rising hopes that it will be acquired. WOSG jumped to 779p, up by 138% from its lowest level in 2025.  Watches of Switzerland share price jumps amid takeover rumors WOSG stock has… Continue reading Top 2 reasons why Watches of Switzerland share price is soaring