I got to start off with the chip trade and the tech trade in general after ASML's warning. How are you viewing that warning and the impact on stocks in the pre-market. I mean we have seen a market that for you know years and years now has been dominated by the mag seven earnings and the AI story and big tech.Now some of big tech in a sense when you look at an Amazon a meta etc. although they are also big tech and the forwardlooking AI trade. So sort of the engine of growth for the future. In a sense, they'r ...

And Bank of America is out with earnings and Leslie Picker gratefully uh joins us now uh with the numbers. It's good to see you too, Joe. Uh those shares down a little bit. Bank of America beating on the top line but missing or sorry, beating on the bottom line, missing on the top line in Q2. The firm also slightly missed estimates on net interest income in Q2. You can see shares up about half a percent. They were down when those numbers first crossed. But the uh BFA reaffirming fullear guidance for the loa ...

PNC beat expectations for second-quarter net interest income, helped by an increase in loan growth https://t.co/8nOSopbheP ...

On top of that, analysts expect trading revenues to climb in the "mid to high single digits" to about $5 billion in the quarter, McDonald said. Meanwhile, the company gave guidance of a roughly 23% decline in investment banking fees in the quarter, but rival bank JPMorgan Chase saw a rebound in activity that bodes well for Bank of America. Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the ...

You know, firstly, if if you look at the quarter, again, as you pointed out, it's it was a a good good quarter in the sense of showing more progress on a lot of the investments we're making. You saw revenue growth in the quarter. You saw good expense control.Uh we bought back uh you know, some stock, you know, and returned more capital to shareholders. We announced an increase of the dividend. You saw good credit performance.And so, by and large, a pretty solid sort of performance. When you look at, you kno ...

Joining me now to look ahead to these reports is Alexander Yokum from CFR. Alexander, welcome. So, Wells Fargo has a lot of consumer business here.How relevant is that to the regionals, which I think of as as dealing more with small businesses. Yeah, thank you. Uh, thank you for having me on.Um, yeah, I think it is somewhat relevant. Um, I think investors were concerned with that net interest income downgrade in terms of the guidance and I think they are reading through that into the regional banks. You kno ...

Bank Earnings & Performance - Wells Fargo's overall report was not bad, despite mortgage pressure and regulatory constraints [1] - JP Morgan's investment banking gained 7%, exceeding expectations of a 14% loss [1] - Goldman Sachs is up 60% from its low [1] - JP Morgan announced a buyback and a dividend increase [1] Market & Economic Signals - The market is doing fine, with financials leading, and technology, especially semis, performing strongly [1] - Banks passed the stress test, indicating financial stability [1] - Net interest income saw a slight squeeze, suggesting competitive measures and banks actively seeking growth [1] - IPOs are scheduled even for August, typically a slow month [1] Future Outlook & Concerns - Expectation for net interest income to stabilize due to stabilizing rates [1] - Focus on loan and deposit growth as key indicators [1] - Jamie Dimon's call was not overly pessimistic, with concerns limited to tariff uncertainty and geopolitical issues [1]

Wells Fargo on Tuesday lowered its outlook net interest income, a key measure of profitability, sending shares lower. https://t.co/vRhD89p61w ...

State Street shares fell after second-quarter results showed the company failed to cut expenses as much as analysts had predicted and posted a drop in net interest income https://t.co/ROrGhQgioO ...

Core Viewpoint - Citizens Financial Group, Inc. (CFG) is expected to report an increase in second-quarter 2025 earnings and revenues compared to the same quarter last year, with various factors influencing this performance [1][18]. Financial Performance Expectations - CFG's net interest income (NII) is projected to rise by 3% in Q2 2025 from the previous quarter, supported by stable interest rates maintained by the Federal Reserve [3][11]. - The Zacks Consensus Estimate for NII is $1.44 billion, reflecting a 3.2% increase from the prior quarter [4]. - The consensus estimate for second-quarter revenues is $2.01 billion, indicating a 2.2% rise from the year-ago figure [18]. Loan and Asset Quality Insights - Despite macroeconomic uncertainties, demand for commercial and industrial loans and consumer loans is expected to have improved, leading to a modest rise in CFG's lending activities [5]. - The Zacks Consensus Estimate for average interest-earning assets is $196.2 billion, showing a slight increase from the previous quarter [6]. - Non-accrual loans are estimated to rise to $1.62 billion, a 2.4% increase sequentially, indicating potential concerns regarding asset quality [15]. Non-Interest Income and Fee Growth - Mortgage banking fees are expected to increase to $63 million, a 6.6% rise from the prior quarter, driven by improved refinancing activities [8]. - Trust and investment services fees are projected to reach $84 million, reflecting a 3.7% increase from the previous quarter [9]. - Capital markets fees are estimated at $108.4 million, indicating an 8.4% sequential rise, supported by improved deal-making activities in the latter part of the quarter [12][10]. Expense Management - CFG anticipates that adjusted non-interest expenses will remain stable compared to the first quarter, despite increased costs from new banking offices and technology investments [14].