Sunday, July 25

quarterly earnings

delta variant, Dow Jones, earnings beat, inflation, Markets, MI Exclusive, Q2 earnings, quarterly earnings, s&p 500, S&P 500 forecast, US stocks, Weekend BI UK

The S&P 500 is on track for the best quarterly earnings growth since 2009 as companies smash expectations

LoadingSomething is loading. S&P 500 companies are on track for the best earnings growth since 2009, with companies smashing estimates as the US economy bounces back to life from COVID-19 lockdowns.The strong quarter is helping support stocks despite high equity prices, rising inflation, and the threat of the delta coronavirus variant.Earnings for S&P 500 companies are expected to grow 78.1% year-on-year in the second quarter, according to...
Bank of America, Banking, Berkshire Hathaway, Brian Moynihan, Markets, MI Exclusive, quarterly earnings, Stocks, Warren Buffett, Wealth management

Bank of America misses Q2 revenue forecasts-but smashes income estimates after slashing credit-loss provisions

Bank of America CEO Brian Moynihan. Photo by John Lamparski/Getty Images Bank of America reported second-quarter earnings on Wednesday. The banking group's revenue fell short of Wall Street's forecasts, but it beat on net income. Bank of America counts Warren Buffett's Berkshire Hathaway as its biggest shareholder. See more stories on Insider's business page. Bank of America reported second-quarter earnings on Wednesday. The banking group's revenue fell short of Wall Street's forecasts, but its net income blew past analysts' estimates.Here are the key numbers:Revenue: $21.5 billion versus Bloomberg consensus estimates of $21.8 billionNet income: $9.2 billion versus consensus estimates of $6.6 billionDiluted EPS: $1.03 versus consensus estimates of $1.03Bank of America, which coun...