headlines continue to come in. There you go. There's your S&P midday Joe.We have a very big stretch that now begins over the next couple of weeks because Megacap earnings as I said kick off in a couple hours. We can show you the calendar which really lays it out mostly next week. But some important ones are this week too.What's at stake. >> Well, first of all, that stretch begins with you coming back. Great to see you.>> Did he behave himself while I was gone. And he being Weiss modestly. >> But I know now ...

Investor hopes for an earnings revival are fading as fewer Indian companies surpass analyst expectations. Read for free with your email on what could move markets today https://t.co/TRtfYYenJh ...

Financial Data and Key Metrics Changes - The company reported record quarterly revenue and net interest income, with average loan and deposit growth of 2% quarter over quarter [4][5] - Adjusted return on tangible common equity was 16.7%, and return on average assets was 1.6% [5] - Net interest income increased to $617 million, up $17 million from Q1 [9] - Total non-interest income was $86 million, with fee income at $81 million, marking the third highest quarter for fees in the company's history [10] Business Line Data and Key Metrics Changes - Average loan balances increased by $940 million quarter over quarter, with commercial and industrial (C&I) lending being the largest contributor [8] - Demand for residential mortgage products remained strong, with expectations for similar or higher volume in Q3 [9] - The company experienced notable growth in commercial deposits, alongside consumer and business banking balances [7] Market Data and Key Metrics Changes - The criticized loans ratio decreased to 2.15% of loans, and non-performing assets decreased to 22 basis points of total assets [13] - The allowance for credit losses increased to $760 million, or 1.38% of total loans, reflecting changes in the economic outlook [14] Company Strategy and Development Direction - The company aims to maintain a strong capital position, with a tangible common equity ratio of 10% and a common equity Tier 1 capital ratio of 14.5% [15] - The focus remains on diversifying revenue streams and enhancing customer relationships to support growth [5][10] - The company is actively managing credit risk and optimizing deposit costs while preparing for potential rate cuts [20][49] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining margins and loan growth, despite potential rate cuts [20][34] - Client sentiment is improving, with businesses becoming more comfortable navigating tariff-related uncertainties [39] - The company expects full-year loan growth to be in the range of 4% to 6%, with net interest income and revenue trends projected to exceed 7% [16][17] Other Important Information - The company repurchased approximately 26,000 shares of common stock for about $2 million, with $241 million remaining for future buybacks [15] - The second quarter income tax expense was $92 million, with an effective tax rate of 22.9% [11] Q&A Session Summary Question: Ability to sustain loan yields and deposit beta - Management is focused on continuous deposit cost optimization and expects to maintain margins through Q3 [20] Question: Credit reserve build and C&I outlook - The reserve build relates to the CECL model and economic outlook rather than specific issues within the C&I book [23] Question: Impact of legislative changes on renewable energy tax credits - Existing investments and loan commitments remain unaffected by new rules, but future strategies are being reconsidered [26][28] Question: NII growth relative to loan growth - Management confirmed that NII growth is expected to track loan growth, with potential upside if rates remain higher for longer [34] Question: Client sentiment around investment pace - Client sentiment is improving, with businesses adapting to tariff situations and feeling more comfortable [39] Question: Trends in deposit costs - Average total deposit costs decreased, and management expects to continue this trend as they approach future rate cuts [46][49] Question: Core expenses and investments - The company is focused on hiring and building capabilities to support future growth, which will lead to increased expenses [50][51] Question: Loan growth in commercial real estate - The company aims for balanced growth across loan types, with a focus on C&I and single-family loans [81]

Market Overview - The market showed resilience despite uncertainties regarding trade policy, tariffs, and the Federal Reserve chair [6] - S&P 500 closed up about 01% [6] - Nasdaq was down about 04% due to weakness in big cap tech names [7] - Dow Jones Industrial Average added 04% [7] - Russell 2000 outperformed, with small caps gaining tailwind [7] Earnings and Performance Highlights - Homebuilders outperformed, with the S&P composite 1500 homebuilding index up about 10% [2] - D R Horton's stock was up about 16% after third-quarter earnings beat expectations [18] - PulteGroup's stock was up 12% after reporting better-than-expected earnings [19] - Texas Instruments' second-quarter EPS was $141, beating the consensus estimate of $135, but the stock was down about 7% in after-hours trading [10][12] - Intuitive Surgical's second-quarter revenue came in at $244 billion, and adjusted EPS beat estimates at $22 billion, with shares initially moving higher but later declining [20][29] - Capital One's second-quarter adjusted EPS was $548, far exceeding the consensus estimate of $388, with net revenue at $1249 billion [22][23] - Enphase Energy's second-quarter adjusted EPS beat estimates by $006, and revenue came in better than forecast at $3632 million, with the stock up about 8% in after-hours trading [26] Company Specifics - Texas Instruments invested $39 billion in R&D and CIGNA and invested $49 billion in CapEx and returned $67 billion to owners over the past 12 months [14] - Intuitive Surgical's Da Vinci surgical system installed base grew to 10488 systems as of June 2025, a 14% increase compared to June 30th, 2020 [30] - Capital One's loans held for investment were approximately $4393 billion [23]

Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish https://t.co/l5iHMzVWXg ...

All right, why don't we start off with your word of the day. Now, this one's interesting. Anchored. What's anchored. Anchored.We're anchoring the market to earnings right now. I think we have a lot of noise, right. But when we get to earning season, especially out of the big dogs, this is where we see if we're going to continue a trend higher or we got some shaky ground.All right. What do you make of what some people are calling froth in the market. Um, it looks like it might be the the, you know, the reeme ...

Market Sentiment & Policy Impact - Investor sentiment indicates complacency regarding potential risks [1] - Policy is no longer the primary market driver, earnings results are regaining importance [2] - Policy changes, especially tariff policies, are expected to impact earnings for retail and consumer-oriented companies with overseas suppliers [2] - The market has largely priced in the worst-case tariff scenarios, but the actual impact remains uncertain [3][4] Earnings & Inflation - Earnings expectations for the S&P 493 (excluding the Magnificent Seven) have been cut in half since April, potentially overpricing tariff impacts [5] - Companies are beating lowered expectations, but guidance on supply chain shifts and pricing power is crucial for the second half of the year [6] - A moderate level of CPI inflation is necessary to indicate companies' ability to pass on tariff increases (50-60%) to consumers [7] Fiscal Policy & Investment - The tax and budget bill acts as a stimulus, offsetting some of the negative impacts of tariff increases on consumers [8][9] - Immediate expensing and accelerated depreciation may lead companies to pull forward CapEx and R&D investments [10] - $7 trillion in money market assets could potentially shift into longer-dated fixed income or riskier assets like equities [11] Fixed Income & Rate Cuts - Expect approximately 100 basis points (1%) or four cuts of 25 basis points (0.25%) by the Federal Reserve over the next 12 months [12][14] - The feed-through of tariffs to consumer price inflation is happening more gradually than expected, causing the Fed to remain in a "wait and see" mode [15] - The focus should be on the all-in yield in securitized debt, municipal bonds, and high yield, rather than timing credit spread improvements or rate cuts [16]

The closing bell. Bloomberg's comprehensive cross-platform coverage of the U.S. market close starts right now. And right now, we are 2 minutes away from the end of the trading day.Romaine Bostick here with Scarlet Fu taking you through to that closing bell with a global simulcast and it starts right down to the center back in the radio booth. Carol Massar joining them for the day. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube.Fractional gains for the ...

A mixed day here for the market. The S&P and NASDAQ hit new highs to start the week amid earnings optimism. Um you can see though the Dow finishing fractionally lower.We get results for profits so far for the second quarter. They're tracking for 5% year-over-year growth. Communication services, materials, and discretionary were your S&P 500 sector leaders.Energy and healthcare lag. ...

patterns and some still unsettled policy debates spoil the mood here to get into all that is Dan Greenhouse of Solus Alternative Asset Management. Dan good to see you. Thank you for having me.Thanks for coming by. Listen, there's always something to worry about. We could always make a list of the concerns.We talk about that all the time. But really the markets in aggregate, whether you look at credit spreads, you look at volatility levels, you look at the all time highs on a weekly basis, the breadth of the ...