Core Viewpoint - Comerica Incorporated (CMA) is expected to report second-quarter 2025 results on July 18, with anticipated revenue growth but a decline in earnings compared to the previous year [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter 2025 earnings is $1.23 per share, reflecting a 19.6% decline from the year-ago quarter [2][9]. - Revenue estimates for the same quarter are projected at $844.7 million, indicating a 2.5% increase year-over-year [2][9]. Loan and Net Interest Income (NII) Insights - The lending environment has been stable, with modest loan demand reported by the Federal Reserve [3]. - Average loans are expected to be higher than the first quarter of 2025, with average earning assets estimated at $70.4 billion, showing a marginal increase [4]. - The consensus estimate for NII is $576.5 million, reflecting a slight rise from the previous quarter's figure of $575 million [5]. Non-Interest Income and Market Activity - Global mergers and acquisitions activity improved in the second quarter, contributing positively to capital market fees, which are estimated at $32.8 million, a 5.9% sequential rise [6][8]. - The IPO market saw a resurgence, leading to increased capital raised and improved market sentiment [7]. Fee Income and Deposit Trends - Overall fee income is expected to grow by 3.7% to $263.5 million, driven by stronger capital markets and card-related revenues [11]. - Average deposits declined by 1% to $61.3 billion, with expectations of further declines impacting service charges on deposits, estimated at $47 million, a 2.1% increase from the prior quarter [10]. Expense and Asset Quality Considerations - Higher expenses are anticipated due to increased compensation costs and lower gains on real estate sales, with non-interest expenses projected to rise slightly from $584 million in the first quarter [12][13]. - The Zacks Consensus Estimate for non-performing loans is $308.5 million, indicating a 2.5% rise from the previous quarter [14]. Earnings Prediction Model - The likelihood of Comerica beating earnings estimates is low, with an Earnings ESP of -0.46% and a Zacks Rank of 3 [15].

Core Insights - 3M Company (MMM) is set to release its second-quarter 2025 results on July 18, with expectations of earnings surpassing the Zacks Consensus Estimate based on historical performance [2][8] Segment Performance - The Safety and Industrial segment is projected to see revenue of $2.78 billion, reflecting a 1% increase year-over-year, driven by strong demand in roofing granules, industrial adhesives, and electrical markets [3] - The Transportation and Electronics segment is expected to maintain revenues at $2.14 billion, consistent with the previous year, supported by momentum in commercial aircraft and defense-related businesses [4] Restructuring Efforts - 3M has implemented restructuring actions aimed at streamlining operations, which are anticipated to lower operational costs and enhance margins in the upcoming quarter [5] Challenges - The Consumer segment may face challenges due to weaknesses in command and packaging businesses, as well as softness in the auto OEM sector attributed to low auto build rates in Europe and the US [6] - The Zacks Consensus Estimate for total revenues in Q2 is $6.12 billion, indicating a 2.2% decrease from the previous year, while adjusted earnings are estimated at $2.01 per share, a 4.2% increase year-over-year [7] Earnings Prediction - The model predicts a potential earnings beat for 3M, supported by a positive Earnings ESP of +0.08% and a Zacks Rank of 2 (Buy) [8][10]

Why is UK inflation so tough to bring down? And what does it mean for interest rates? https://t.co/hlnCfCPibx ...

Market Trends & Economic Outlook - US stock futures are treading carefully as bond yields have picked up, leading investors to scale back bets on Federal Reserve interest rate cuts [2] - The 10-year Treasury yield has added nearly 15 basis points in the past week, approaching 45% [5] - Traders reassess expectations for Federal Reserve interest rate cuts as price increases accelerated in June [5] - The market is closely watching President Trump's trade plans and potential tariffs on pharmaceutical companies and semiconductors, assessing their impact on inflation [6] - Bets on Federal Reserve interest rate cuts are fading as recent data has shown signs of sticky inflation, with core prices increasing 29% in June compared to the prior year [47] - Traders now see just a 52% chance the Fed cuts rates in September, down from a 70% chance seen just a week ago [48] AI & Technology Sector - Nvidia closed at a record high, above $170 per share, with plans to sell H20 AI chips in China [7] - ASML, a supplier of computer chipmaking equipment, said it may not achieve growth in 2026 due to macroeconomic uncertainty and geopolitical developments; shares fell more than 7% in pre-market trading [8] - The AI trade is considered to be in a 3-5 year bull market, but may be overheated in the short term [10][11] - Apple announced that it would buy rare earth magnets from MP Materials in a $500 million deal [46] Banking & Financial Performance - Bank of America reported adjusted earnings per share of 89 cents, higher than analyst expectations of 85 cents, with revenue at $265 billion [16] - Bank of America's net interest income for the second quarter came in at $1467 billion, above estimates for $146 billion [18] - Bank of America's trading revenue in the second quarter came in at $538 billion, exceeding the street's expectation of $494 billion [19] - Bank of America's investment banking revenue came in at $143 billion, slightly above estimates for $127 billion [21] Precious Metals Market - Silver has risen more than 28% this year, outperforming gold and copper [24] - Croup forecasts silver to continue to soar above $40 an ounce [24] - Central banks have been a huge determining force in their buying of gold, with over 1,000 tons bought in each of the last three years [31] - Trump's tariffs on copper threatening to be 50% on August 1st, we're seeing a lot of front running in this trade [28] Healthcare Sector - Johnson and Johnson reported second quarter adjusted EPS of $277, boosting its full-year sales outlook to a range of $932 billion to $936 billion and full-year adjusted earnings per share to a range of $1080 to $1090 [42][43] - The pharma sector is bracing for potential tariffs from President Trump [44] Impact of Tariffs - Rio Tinto said that US tariffs on its Canada-made aluminum have added $300 million in costs in the first half of this year [39] - Trump hit Canada with a 50% tariff on aluminum and auto parts in June [40]

PPI came in lower than expected, which means the Fed should be cutting interest rates now. ...

Welcome back to Squawkbox. Rick Santelli here live at CME HQ with inflation data, wholesale inflation data. Breaking news for the month of June.PPI comes in unchanged. Unchanged. We're expecting up 210.Unchanged will be the smallest inflationary wholesale increase in it since it was minus one10enth in March of this year. Strip out food and energy, it remains zero, unchanged, zero. And uh that would once again that would comp towards April when we were minus 210 which by the way was lowest inflation rate goi ...

Joining us now, Gary Conn, IBM vice chairman, former director of the National Economic Council, joins us on set as he really should um exclusively um from time to time. Thank you, Joe. It's always nice to be here with you. Always good to see you.What an introduction, right. Yeah, you s I don't I don't Nice introduction. It's not nice to be It's No, it's not. It's not nice to be wanted that I want you here instead of somewhere else.It's not Would you rather say, "Gosh, I wish you were on another show." No, y ...

Litecoin is global.Luxxfolio Holdings (@LuxxfolioH):Good Morning!Luxxfolio’s latest financing saw participation from 125 investors across 14 regions worldwide, highlighting international interest in our Litecoin mission.Investor Locations:🇨🇦 Canada🇺🇸 USA🇦🇷 Argentina🇰🇾 Cayman Islands🇦🇪 UAE (Dubai)🇵🇦 Panama🇨🇭 Switzerland ...

Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. The company also completed the acquisition of Cornerstone Community Bancorp, which is expected to enhance its market presence and operational efficiency. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return on Assets and Equity - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025, compared to $2.2 million in Q2 2024 [3][47] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025, with $481 thousand attributed to merger-related costs [4][48] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13][15] - Total deposits increased by $62 million to $1.4 billion as of June 30, 2025, with significant increases in money market accounts and time deposits [17][20] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20][26] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million, representing 1.34% of total loans, up from 0.90% in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its operational capabilities and market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]

Leading Pizza Chain Continues Texas Expansion LOS ANGELES, July 16, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Round Table Pizza and 17 other restaurant concepts, has announced the opening of a new Round Table Pizza location in San Marcos, TX in partnership with Brame Brands. “Texas has become a significant cornerstone in the expansion of our brand, and the opening of our San Marcos location is a testament to Round Table Pizza’s continued growth strategy,” said D ...