Meta Platforms (META)  and Microsoft (MSFT)  will kick off a much-anticipated week of quarterly results from big tech firms with their reports rolling out after-market hours on Wednesday, April 30.Crucial to a potential turnaround among the broader indexes, Meta and Microsoft stock are down over 6% in 2025, respectively. That said, both have outperformed the market’s returns over the last three years, with META soaring +174% and MSFT up a very respectable +41%.Image Source: Zacks Investment Research Meta Pl ...

Core Insights - AbbVie reported strong quarterly earnings, with a net revenue of $13.3 billion, reflecting an 8% year-over-year increase, driven by a nearly 17% rise in immunology drug sales [2][3] - The company's stock gained over 3% following the earnings report, outperforming the S&P 500 index, which rose by 0.6% [1] - AbbVie raised its full-year profitability guidance, now expecting adjusted per-share earnings between $12.09 and $12.29, up from a previous range of $11.99 to $12.19 [5] Financial Performance - AbbVie's net revenue for Q1 was $13.3 billion, an 8% increase year-over-year, largely due to immunology drugs contributing nearly half of total revenue at just under $6.3 billion [2] - Non-GAAP adjusted net income decreased to $1.29 billion ($2.46 per share) from $1.37 billion in the previous year, slightly below analyst expectations of $2.39 per share [3] Management Commentary - CEO Robert Michael emphasized the strength of the company's fundamentals and the positive outlook bolstered by pipeline advancements and strategic investments, indicating AbbVie is well-positioned for long-term success [4]

Financial Highlights - The company achieved record first-quarter net revenue of $1,255 million[4] - GAAP net earnings were $44 million, with an EPS of $0.39[4] - Non-GAAP net earnings were $54 million, with an EPS of $0.49[4] - The company repurchased 2 million common shares[5] Global Wealth Management - Global Wealth Management net revenue reached $851 million, an increase of 8% year-over-year, but a decrease of 2% sequentially[8] - Asset Management revenue hit a record high[5] - Total Client Assets were $5,860.5 million, up 4% year-over-year, but down 3% sequentially[26] - Fee-based Client Assets were $3,969.9 million, up 7% year-over-year, but down 2% sequentially[26] - The company added 36 Financial Advisors from B Riley Financial[5] Institutional Group - Institutional Group net revenue was $385 million, a 10% increase year-over-year, but a 20% decrease sequentially[8, 41] - Advisory revenue was $137 million, up 15% year-over-year, but down 28% sequentially[41] - Equity revenue was $49 million, up 22% year-over-year, and up 2% sequentially[41] Expenses and Profitability - Total net revenue was $1,255 million, an 8% increase year-over-year, but an 8% decrease sequentially[8] - Compensation expense was $728 million, up 8% year-over-year, and down 8% sequentially[8] - Non-compensation expense was $259 million, up 3% year-over-year, and down 7% sequentially[8] - The company's pre-tax income was $256 million, up 15% year-over-year, but down 9% sequentially[8] - The company's tax rate was 16.4%[20]

Core Viewpoint - JPMorgan's first-quarter 2025 earnings reached $5.07 per share, exceeding the Zacks Consensus Estimate of $4.62, driven by strong trading performance, growth in credit card and wholesale loans, and decent investment banking performance [1][2] Financial Performance - The company reported net revenues of $45.31 billion, an 8% increase year over year, surpassing the Zacks Consensus Estimate of $43.23 billion [6] - Non-interest income rose 17% to $22.04 billion, including a one-time gain of $588 million related to First Republic Bank [8] - Net interest income (NII) increased by 1% year over year to $23.27 billion, driven by higher revolving balances in Card Services and growth in wholesale deposit balances [7] Business Segment Performance - Markets revenues surged 21% to $9.7 billion, with fixed-income markets revenues growing 8% to $5.8 billion and equity trading revenues increasing 48% to $3.8 billion [3] - The Commercial & Investment Bank segment saw total IB fees rise 12% year over year to $2.25 billion, with advisory and debt underwriting fees each up 16%, while equity underwriting fees fell 9% [5][9] Credit Quality and Loss Provisions - Provision for credit losses soared 75% year over year to $3.31 billion, reflecting economic turbulence [10] - Net charge-offs increased by 19% to $2.33 billion, and non-performing assets rose 10% to $9.11 billion [10] Capital Position and Share Repurchases - The estimated Tier 1 capital ratio was 16.5%, up from 16.4% a year ago, with a book value per share of $119.24, compared to $106.81 a year ago [11] - During the quarter, JPMorgan repurchased 30 million shares for $7.6 billion [12] Future Outlook - The company is expected to benefit from new branch openings, strategic acquisitions, global expansion, high interest rates, and decent loan demand, although concerns remain regarding asset quality and rising expenses [13]

Core Insights - Unity Bancorp, Inc. reported a net income of $11.6 million, or $1.13 per diluted share, for Q1 2025, reflecting a 0.8% increase from the previous quarter [1][2] Financial Performance - The company achieved a return on assets (ROA) of 1.83% and a return on equity (ROE) of 15.56% [2] - Commercial and residential lending saw strong originations, with loans increasing by $84.5 million, a 3.74% rise from year-end [3] - Customer deposits (excluding brokered deposits) grew by $90.7 million, or 4.82%, quarter over quarter [3] Strategic Focus - Unity Bancorp aims to manage its balance sheet diligently, planning to fund future credit growth through deposit growth [3] - The company emphasizes disciplined credit-risk management, focusing on conservative loan-to-value and debt-service-coverage levels [3] - Unity Bancorp remains committed to supporting local economic development and providing financial services to its communities [4] Market Context - Despite capital market volatility due to tariffs, Unity Bancorp does not anticipate adverse impacts on loan demand [4] - The company is prepared to assist small business customers who may benefit from tariffs on foreign goods [4] Company Overview - Unity Bancorp, Inc. is headquartered in Clinton, New Jersey, with approximately $2.8 billion in assets and $2.2 billion in deposits [5] - Unity Bank, the wholly owned subsidiary, serves retail, corporate, and small business customers through a robust branch network in New Jersey and Pennsylvania [5]