JP Morgan beats analysts' profit expectations, aided by income tax boost
Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms to record profits.
Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms to record profits.
Darkening German investor morale and fresh Brexit woes cast a shadow over European markets on Tuesday, with German benchmark bond yields coming under pressure and the pound plunging to six month-lows against the euro.
Strong demand for designer Riccardo Tisci's new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise.
Executives from tech giants Apple Inc , Amazon.com Inc , Facebook Inc and Alphabet's Google go before the House Judiciary Committee's antitrust panel Tuesday to discuss competition in online markets.
South Korea's Samsung Electronics and SK Hynix have asked a local supplier to the boost supply of a key chipmaking chemical to guard against any production disruptions, an official at the supplier said on Tuesday.
Former vice president Biden's tax returns reveal big bucks and a couple of planning opportunities.
Goldman Sachs Group Inc reported a 6% fall in quarterly profit on Tuesday as the Wall Street investment bank was hurt by muted fixed income trading activity and weakness in debt underwriting.
Domino's Pizza Inc on Tuesday reported second-quarter same-store sales at its U.S. outlets that grew slower than expected as it faced fierce competition from rival pizza chains and third-party delivery companies, sending its shares down about 6% before the bell.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank's trading desks.
J.P. Morgan chief Jamie Dimon praised the strength of the consumer after the largest U.S. bank posted strong second-quarter earnings on Tuesday.
U.S. stock futures were trading flat on Tuesday as investors parsed through the earnings report from JPMorgan Chase and awaited results from Wall Street banks such as Goldman Sachs and Wells Fargo.
Shares in French retailer Casino rose around 2% on Tuesday after Barclays said in a note that a tie-up with larger rival Carrefour could be a possibility "given the difficulties encountered by Casino's majority shareholder."
Johnson & Johnson hiked its full-year operational sales forecast as strong demand for its cancer drugs Darzalex and Imbruvica helped it beat estimates for second-quarter profit on Tuesday.
U.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.
Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil.