The Charles Schwab Corporation SCHW will release earnings results for the second quarter, before the opening bell on Friday, July 18.Analysts expect the Westlake, Texas-based company to report quarterly earnings at $1.07 per share, up from 73 cents per share in the year-ago period. Charles Schwab projects to report quarterly revenue at $5.64 billion, compared to $4.69 billion a year earlier, according to data from Benzinga Pro.On April 17, Charles Schwab reported better-than-expected first-quarter financial ...

Core Insights - Interactive Brokers Group, Inc. reported strong second-quarter results, with earnings per share of 51 cents, surpassing the analyst consensus estimate of 45 cents [1] - The company's quarterly revenue reached $1.48 billion, exceeding the Street estimate of $1.36 billion and showing an increase from $1.23 billion in the same period last year [1] Financial Performance - Commission revenue rose by 27% to $516 million, driven by higher customer trading volumes [4] - Customer trading volumes increased significantly, with stocks up 31%, options up 24%, and futures up 18% [4] - Net interest income grew by 9% to $860 million, attributed to higher average customer credit balances and increased securities lending activity [4] Customer Metrics - The number of customer accounts surged by 32% to 3.87 million [4] - Customer equity increased by 34% to $664.6 billion [4] - Total Daily Average Revenue Trades (DARTs) rose by 49% to 3.55 million [4] - Customer credits increased by 34% to $143.7 billion [4] - Customer margin loans grew by 18% to $65.1 billion [4] Stock Performance - Following the earnings release, Interactive Brokers' stock rose by 3.15% to $61.39 in extended trading [3]

Core Insights - Snap-on Inc. reported second-quarter 2025 results with earnings and revenues exceeding Zacks Consensus Estimates, although earnings declined 3.9% year-over-year and revenues remained flat compared to the prior year [1][3]. Financial Performance - Earnings per share were $4.72, surpassing the Zacks Consensus Estimate of $4.61, but down from $4.91 in the same quarter last year [3]. - Net sales reached $1.179 billion, flat year-over-year, and exceeded the Zacks Consensus Estimate of $1.154 billion, with an organic sales decline of 0.7% offset by favorable foreign currency translation [3]. - Gross profit was $595.5 million, a decrease of 0.3% year-over-year, with a gross margin of 50.5%, down 10 basis points from the previous year [4]. - Operating earnings before financial services totaled $259.1 million, down 7.6% year-over-year, with operating earnings as a percentage of sales contracting to 22% [5]. - Consolidated operating earnings, including financial services, were $327.3 million, down 6.6% year-over-year, with operating earnings as a percentage of sales contracting to 25.5% [6]. Segment Analysis - Sales in the Commercial & Industrial Group decreased 6.5% year-over-year to $347.8 million, primarily due to weaker performance in Asia Pacific and Europe [7]. - The Tools Group segment saw sales increase by 1.9% year-over-year to $491 million, driven by stronger demand in the U.S. [8]. - Sales in the Repair Systems & Information Group improved 3% year-over-year to $468.6 million, supported by increased activity with OEM dealerships [9]. - The Financial Services business reported a revenue increase of 1.2% year-over-year to $101.7 million [10]. Financial Position - As of the end of the second quarter 2025, Snap-on had cash and cash equivalents of $1.46 billion and shareholders' equity of $5.7 billion [11]. - The company anticipates capital expenditures of $100 million for the full year 2025 [11]. Future Outlook - Management expects resilience in markets and operations against uncertainties, aiming to advance core growth strategies and expand into new markets and industries [12]. - The effective tax rate is projected to be between 22-23% for 2025 [12].

Group 1 - Vimeo, Inc. will announce its second quarter 2025 earnings report on August 4, 2025, after market close [1] - A video conference will be livestreamed on the same day at 5:00 p.m. ET to address questions regarding the earnings report [1] - The earnings results and video conference will be accessible on Vimeo's Investor Relations website [1] Group 2 - Vimeo is recognized as the world's most innovative video experience platform, catering to a diverse community of users [2] - The platform supports millions of users, including creative storytellers and large global teams, with videos that garner billions of views monthly [2]

Core Insights - PepsiCo reported quarterly earnings and revenue that exceeded analysts' expectations despite weaker demand in North America [1][2] - The company's shares rose approximately 1% in premarket trading following the earnings report [1] Financial Performance - Net income attributable to the company for the second quarter was $1.26 billion, or 92 cents per share, a decrease from $3.08 billion, or $2.23 per share, a year earlier [1] - Excluding restructuring and impairment charges, the adjusted earnings per share were $2.12, surpassing the expected $2.03 [2][4] - Net sales increased by 1% to $22.73 billion, exceeding the expected $22.27 billion [2][4] - Organic revenue, which excludes acquisitions, divestitures, and foreign currency effects, grew by 2.1% during the quarter [2] Demand Trends - Worldwide volume for Pepsi's food products fell by 1.5%, while the volume for drinks remained flat [2] - The company is experiencing softer demand for its products, which is reflected in the volume metrics that exclude pricing and foreign exchange changes [2] Future Outlook - PepsiCo reiterated its full-year outlook, expecting core constant currency earnings per share to remain roughly unchanged from the previous year [3] - The company anticipates organic revenue growth in the low-single digit percentage range [3] - Last quarter, PepsiCo had cut its earnings forecast due to new tariffs, economic volatility, and a more cautious consumer [3]

Core Viewpoint - AngioDynamics reported stronger-than-expected Q4 2025 sales and earnings, but the overall market reaction was negative due to ongoing losses and cautious guidance for the upcoming fiscal year [1][2][4]. Financial Performance - Q4 sales increased by 13% year-over-year, reaching $80.2 million, while gross profit margins declined by 160 basis points to 52.7% [4]. - Adjusted loss per share was $0.03, better than the forecasted loss of $0.12, and GAAP loss per share improved from $0.33 a year ago to $0.15 [4][5]. - For the full fiscal year 2025, AngioDynamics reported a loss of $0.83 per share under GAAP, with sales growth of only 8.1% [5]. Future Guidance - The company expects fiscal 2026 sales to be between $305 million and $310 million, which exceeds Wall Street forecasts [6]. - However, management warned of expected losses ranging from $0.25 to $0.35 per share, adjusted for one-time items, which is worse than the $0.23 per-share loss anticipated by analysts [6][7].

Core Insights - Wells Fargo & Company's (WFC) second-quarter 2025 adjusted earnings per share (EPS) of $1.54 exceeded the Zacks Consensus Estimate of $1.41, up from $1.33 in the prior-year quarter, driven by improved non-interest income and lower provisions, despite a decline in net interest income (NII) and higher expenses [1][9] Financial Performance - Total revenues reached $20.82 billion, surpassing the Zacks Consensus Estimate of $20.70 billion, and increased by 1% year over year [3] - NII was reported at $11.71 billion, a decrease of 2% year over year, influenced by lower interest rates on floating rate assets and changes in deposit mix [3] - The net interest margin contracted by 7 basis points year over year to 2.68% [4] - Non-interest income grew by 4% year over year to $9.11 billion, benefiting from the merchant services joint venture acquisition and higher asset-based fees [4] Expense Management - Non-interest expenses totaled $13.38 billion, up 1% year over year, primarily due to increased revenue-related compensation and technology expenses [5] - The efficiency ratio remained unchanged at 64% compared to the prior-year quarter [5] Loan and Deposit Trends - As of June 30, 2025, total average loans were $916.7 billion, showing a slight sequential increase, while total average deposits were $1.33 trillion, down marginally [6] Credit Quality - The provision for credit losses was $1 billion, down 19% from the prior-year quarter, with net loan charge-offs at 0.44% of average loans, a decrease from 0.57% [7][9] - Non-performing assets fell by 7.9% year over year to $7.96 billion [7] Capital Ratios - The Tier 1 common equity ratio improved to 11.1% under the Standardized Approach, up from 11% in the second quarter of 2024 [8] Profitability Metrics - Return on assets increased to 1.14%, up from 1.03% in the prior-year quarter, while return on equity rose to 12.8% from 11.5% [10] Shareholder Actions - In the reported quarter, Wells Fargo repurchased 43.9 million shares, amounting to $3 billion of common stock [11]

Core Insights - State Street's (STT) second-quarter 2025 adjusted earnings per share (EPS) reached $2.53, exceeding the Zacks Consensus Estimate of $2.36 and reflecting a 17.7% increase from the prior-year quarter [1][10] - The company's total revenues for the quarter amounted to $3.45 billion, marking an 8.1% year-over-year increase and surpassing the Zacks Consensus Estimate of $3.38 billion [4][10] - Despite positive revenue growth, shares of STT fell approximately 3.8% in pre-market trading due to rising expenses and provisions, as well as a decline in net interest income (NII) [2][10] Financial Performance - Total fee revenues increased by 6.8% year over year to $2.72 billion, contributing to the overall revenue growth [5][10] - NII was reported at $735 million, showing a slight decline year over year, attributed to lower average short-end rates and a shift in deposit mix [4][10] - Non-interest expenses rose by 11.5% to $2.53 billion, driven by increases across most components, while adjusted expenses (excluding one-time costs) increased by 6.3% to $2.41 billion [6][10] Asset Management - As of June 30, 2025, total assets under custody and administration (AUC/A) reached $49 trillion, up 10.6% year over year, driven by higher equity market levels and client flows [8] - Assets under management (AUM) increased to $5.12 trillion, reflecting a 17.1% year-over-year growth, primarily due to higher market levels and net inflows [8] Capital Management - The company repurchased shares worth $300 million during the reported quarter [9] - The Common Equity Tier 1 ratio stood at 10.7% as of June 30, 2025, down from 11.2% in the same period of 2024 [7] Market Outlook - The company is expected to benefit from relatively higher interest rates, strategic buyouts, and rising AUM, although concerns remain regarding persistently rising expenses and concentrated fee-based revenues [11]

Thank you very much. Welcome, everybody, to today's call. I'm also, as usual, joined by Toby Lawton, our CFO. We will talk to the presentation, and it is later on available on our IR website as always. Adela Abdenian Dashian - Jefferies LLC, Research Division Agnieszka Vilela - Nordea Markets, Research Division Carl Deijenberg - Carnegie Investment Bank AB, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Gustav Hagéus ...

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