Amazon.com Inc (NASDAQ:AMZN) is well-positioned heading into its second-quarter earnings report, according to Jefferies, which reiterated the e-commerce and cloud computing giant as a top pick, citing resilient consumer spending during Prime Day, accelerating Amazon Web Services (AWS) growth and what it views as a discounted valuation.
Jefferies wrote that its proprietary survey of 685 consumers indicated that Prime members continued to increase spending despite inflationary pressures. Among shoppers who participated in Prime Day this year and last year, 54% reported spending more than 10% more year over year, while Amazon remained the preferred shopping destination for many consumers.
Jefferies wrote that its survey indicated Prime members increased their spending during this year's Prime Day, with 54% of returning participants reporting they spent more than 10% more than a year earlier. The analysts also highlighted that higher prices have not discouraged shoppers, noting that 25% of respondents said they use Amazon more to seek value amid inflation.
Beyond retail, Jefferies highlighted AWS as a key driver heading into the quarter. The firm expects AWS backlog growth to continue accelerating from the 93% year-over-year increase reported in the first quarter and approach $500 billion, supporting further revenue growth.
Jefferies expects AWS revenue growth of about 32% in the second quarter, while noting investor expectations are for growth of more than 33%, compared with 28% growth in the first quarter.
The analysts also highlighted several indicators supporting AWS demand, including Anthropic's expanded long-term cloud commitment, recent EC2 price increases and growing demand for AI inferencing workloads.
On valuation, Jefferies wrote that Amazon trades at approximately 12 times next-12-month enterprise value to EBITDA, below Alphabet at roughly 17 times and Walmart at about 19 times, as well as below Amazon's own 10-year average multiple.
Shares traded hands at $247 on Tuesday afternoon, up about 7% so far this year.
Jefferies highlighted that Amazon shares have fallen about 7% since first quarter results, which it views as creating a more attractive entry point. The analysts maintained that improving AWS fundamentals and resilient retail performance support a favorable risk-reward profile.
Looking ahead to the earnings release, Jefferies noted that investors will be watching capital expenditure guidance and free cash flow, signs of continued AWS demand, and the impact of Prime Day shifting into the second quarter this year, which could create more challenging retail comparisons in the third quarter.
Amazon.com, Inc. earns a Strong Buy rating as it aggressively invests in future growth, notably through its Leo satellite network. Q1 saw robust 17% sales growth and AWS's fastest acceleration in 15 quarters, but free cash flow dropped sharply due to heavy CapEx. Leo, Amazon's satellite internet venture, is poised for commercial launch in Q3, with multi-billion-dollar revenue potential and major customers already under contract.
Shareholders of Microsoft (MSFT 1.46%) have had a year of poor performance. The stock last set an all-time high in July 2025, although it nearly set a new one last October. Now, it's down around 30% from those highs, and the market appears to have little faith in the stock.
In fact, it has become so cheap that it's valued at less than the S&P 500. Is that a fair price tag? I don't think so. In fact, I think now is the perfect time to get in on Microsoft because it rarely falls to these valuation levels.
Image source: Getty Images.
A screaming deal right now How cheap is Microsoft stock? I think the best valuation metric is its forward earnings, because the company is growing at an above-average pace. Plus, it has some one-time effects (like gains on investments) influencing its trailing-12-month total. From this metric, it's valued at less than 20 times forward earnings.
MSFT PE Ratio (Forward) data by YCharts; PE = price to earnings.
That's also way cheaper than at any point during the last three years. Currently, the S&P 500 trades for about 21.7 times forward earnings, so this discount is sizable for a big tech company.
The vast majority of Microsoft's big tech peers (like Alphabet, Amazon, and Apple) trade at multiples in the mid to high 20s, with Apple all the way at 36 times forward earnings. So Microsoft appears undervalued, but is there a good reason for that?
After looking at its latest quarterly results, I would say no. During its last quarter, the company's artificial intelligence (AI) revenue rose 123% year over year to a $37 billion annual run rate. Its cloud computing division, which is getting a lot of attention for its AI computing resources, grew 40%.
Overall, revenue rose 18%, with earnings per share up 23%. Those results are indicative of a company that deserves to trade in the same range as its peers, and I won't be surprised if it returns to those levels following its next earnings announcement.
Today's Change
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-1.46
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-5.71
Current Price
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385.28
Management reports earnings on July 29, and as long as it keeps the status quo, I think it will be enough to turn around the stock due to such low expectations priced in. Microsoft is a top buy now if you're looking for a cheaply valued big tech stock.
Keithen Drury has positions in Alphabet, Amazon, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Microsoft. The Motley Fool has a disclosure policy.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alibaba and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 24, 2026, the Financial Times reported that Anthropic has accused Alibaba “of obtaining illicit access to Claude by creating fake accounts designed to access the AI model which the American company does not offer to Chinese groups.”
On this news, Alibaba’s American Depositary Receipt (“ADR”) price fell $7.53 per ADR, or 7.34%, over the following two trading sessions, to close at $95.07 per ADR on June 25, 2026.
Then, on July 1, 2026, the U.S. Department of Justice issued a press release announcing that Alibaba had “entered a non-prosecution agreement to pay $600 million to resolve the Justice Department’s allegations that they violated the Federal Food, Drug, and Cosmetic Act (FDCA) by failing to prevent merchants from selling and importing illegal pharmaceuticals, controlled substances, listed chemicals, and pill presses into the United States” through Alibaba’s e-commerce platforms.
On this news, Alibaba’s ADR price fell $1.85 per ADR, or 1.9%, to close at $96.14 per ADR on July 2, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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Key Takeaways Citigroup's Q2'26 EPS rose to $3.15 from $1.96, beating the $2.72 consensus estimate. Higher NII and fee growth drove revenues up 14.3%, with all five core businesses posting gains.Net income jumped 45.1% to $5.8B, though higher expenses and weaker capital ratios offset momentum. Citigroup Inc. (C - Free Report) reported second-quarter 2026 earnings per share of $3.15, which surpassed the Zacks Consensus Estimate of $2.72. In the prior-year quarter, the company reported earnings per share of $1.96.
C shares rose nearly 1.8% in the early trading session. A full day’s trading session will depict a clearer picture.
The company’s results benefited from a year-over-year rise in net interest income (NII) and growth across each of its five core businesses. Citigroup also registered a year-over-year increase of 44% in investment banking revenues and positive operating leverage. However, higher operating expenses and a weaker capital position acted as offsetting factors.
Net income in the quarter was $5.8 billion, up 45.1% from the prior-year quarter.
C’s Revenues Increase, Expenses Rise Revenues, net of interest expenses, were $24.8 billion in the second quarter of 2026, up 14.3% year over year. The top line surpassed the Zacks Consensus Estimate by 4.6%.
NII rose 12.8% year over year to $17.1 billion, while non-interest revenues increased 17.7% to $7.6 billion.
Citigroup’s operating expenses increased 4.7% year over year to $14.2 billion. The rise was driven by higher compensation and benefits, transactional and product servicing expenses, deposit insurance costs and the impact of foreign exchange translation, partly offset by lower professional services expenses.
Citigroup’s Segmental Performance In the Services segment, total revenues, net of interest expenses, were $6.4 billion, up 17.5% year over year. The increase reflected growth in Treasury and Trade Solutions and Securities Services.
The Markets segment’s revenues increased 17.2% year over year to $7 billion, driven by growth in Fixed Income and Equity markets revenues.
Banking revenues were $1.9 billion, up 34% year over year, primarily driven by a rise in Investment Banking revenues. Debt Capital Markets revenues rose 65% and Equity Capital Markets revenues surged 92%, while Advisory revenues declined 4%.
In the Wealth segment, revenues were $3.2 billion, rising 12.9% year over year. The increase was driven by growth across Citigold and Retail Banking, the Private Bank and Wealth at Work.
U.S. Consumer Cards revenues were $4.5 billion, up 1.1% year over year, driven by higher NII on increased interest-earning balances, largely offset by lower non-interest revenues.
In the All Other segment, on a managed basis, revenues were $1.7 billion, up 1.2% year over year.
C’s Balance Sheet Position Solid At the end of the second quarter of 2026, the company’s deposits rose 3.2% from the prior quarter to $1.49 trillion. Its loans also increased 4.2% on a sequential basis to $793.6 billion.
Citigroup’s Credit QualityTotal non-accrual loans decreased 3.7% year over year to $3.2 billion. Total allowance for credit losses was $22.2 billion at the quarter-end, down from $23.7 billion in the prior-year period.
Provisions for credit losses and benefits, and claims were $2.5 billion in the quarter, down 12.2% year over year.
C’s Capital Position Weak At the end of the second quarter of 2026, Citigroup’s Common Equity Tier 1 capital ratio was 12.8%, down from 13.5% in the second quarter of 2025. The company’s supplementary leverage ratio in the reported quarter was 5.2%, down from the prior-year quarter’s 5.5%.
Citigroup’s Capital Deployment During the quarter, Citigroup returned nearly $5 billion to common shareholders through share repurchases and dividends.
Our Viewpoint on C Citigroup’s second-quarter 2026 results reflected broad-based business strength, supported by higher NII, solid fee momentum, and positive operating leverage. Growth across Services, Markets, Banking, Wealth and U.S. Consumer Cards was encouraging. Yet, elevated expenses and pressure on capital ratios remain watch points.
The company completed the sale of its Consumer Banking business in Poland and 22.6% of its 24% equity stake in Banamex during the quarter. The company’s continued investments, disciplined execution, and focus on its five interconnected businesses are expected to support its performance.
Citigroup Inc. Price, Consensus and EPS SurpriseCurrently, Citigroup carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of Other Banks M&T Bank (MTB - Free Report) is slated to report second-quarter 2026 numbers on July 15.
Over the past week, the Zacks Consensus Estimate for M&T Bank’s quarterly earnings has remained unchanged at $4.66 per share. This indicates a 8.9% rise from the prior-year quarter’s reported figure.
U.S. Bancorp (USB - Free Report) is scheduled to release second-quarter 2026 earnings on July 16.
The Zacks Consensus Estimate for U.S. Bancorp’s quarterly earnings has been revised upward to $1.28 per share over the past seven days. This indicates a 15.3% rise from the prior-year quarter’s actual.
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 141,295 shares of Virgin Galactic common stock to two new non-executive employees, each effective July 15, 2026.
The awards were granted under Virgin Galactic’s Second Amended and Restated 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit awards will vest over a three-year period with approximately one third of the units vesting on each anniversary of the grant date, subject to each recipient’s continued service. The awards were granted as an inducement material to the new employees entering into employment with Virgin Galactic, in accordance with NYSE Listing Rule 303A.08.
About Virgin Galactic
Virgin Galactic is an aerospace and space travel company, pioneering human-first spaceflight for private individuals, researchers, and governments with its advanced SpaceShips and launch vehicle. Scale and profitability are driven by next generation vehicles capable of taking humans to space at an unprecedented frequency with an industry-leading cost structure. You can find more information at https://www.virgingalactic.com.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) remains well positioned for long-term growth despite a roughly 20% decline in its shares this year, according to Bank of America, which reiterated its ‘Buy’ rating and $125 price objective ahead of the company's second quarter earnings report due on Thursday.
The bank wrote that the stock's year-to-date decline reflects investor concerns over engagement trends, the potential impact of artificial intelligence on content creation, and heightened competition following recent media mergers and acquisitions. However, it argued that Netflix has successfully navigated similar periods of skepticism in the past.
Bank of America highlighted that subscriber growth slowed significantly in 2022, contributing to a share price decline of more than 50%, before the company responded with initiatives such as paid sharing and its ad-supported tier, which helped accelerate growth again. The analysts also noted that investor concerns over margin expansion in late 2023 were followed by another year of strong operational execution.
The firm wrote that Netflix's management has "consistently demonstrated an ability to adapt to changing market conditions, execute effectively and create long-term shareholder value."
Looking ahead to Q2 results, Bank of America expects largely in-line financial results, with investor attention likely to center on the company's outlook for the second half of the year, engagement trends, and management's commentary on acquisition appetite and broader strategic priorities.
The analysts noted that sentiment toward the stock remains subdued following its recent decline and suggested that stronger-than-expected results and raised guidance could ease investor concerns. Conversely, signs of further slowing in the business could reinforce bearish views and pressure the stock's valuation.
Bank of America also outlined risks cited by bearish investors, including slowing engagement, increased competition from platforms such as YouTube and short-form video services, the potential impact of AI on content creation, and uncertainty surrounding a more active approach to acquisitions compared with Netflix's historical strategy.
Despite those concerns, the bank maintained that Netflix has a significant runway for subscriber and advertising growth, supported by its global scale, expanding advertising business, and strong balance sheet, which it believes will continue to support shareholder returns over time.
, /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on July 22, 2026 all $400,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2027 (CUSIP No. 06051GJV2) (the "Floating Rate Notes"), and all $5,750,000,000 principal amount outstanding of its 1.734% Fixed/Floating Rate Senior Notes, due July 2027 (CUSIP No. 06051GJS9) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes").
The redemption price for each series of the Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of July 22, 2026. Interest on each series of the Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the Notes.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Forward-looking statements
Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]
Reporters May Contact:
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]
CINCINNATI--(BUSINESS WIRE)--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $1.0885 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 17, 2026 to Common Stock shareowners of record at the close of business on July 24, 2026, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareowners of record at the start of business on July 24, 2026.
P&G has been paying a dividend for 136 consecutive years since its incorporation in 1890 and has increased its dividend for 70 consecutive years. This reinforces our commitment to return cash to shareowners, many of whom rely on the steady, reliable income earned with their investment in P&G.
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at https://www.pg.com/news.
Kettnich brings investor relations leadership from Mattel and The Walt Disney Company to guide Liftoff's public company narrative following its recent IPO July 14, 2026 16:30 ET | Source: Liftoff Mobile
REDWOOD CITY, Calif., July 14, 2026 (GLOBE NEWSWIRE) -- Liftoff Mobile, Inc. (“Liftoff”) (Nasdaq: LFTO), a global leader in performance marketing and monetization solutions for the app economy, today announced the appointment of Jenn Kettnich as Vice President of Investor Relations. Jenn will lead investor relations, overseeing the company's communications with the investment community following the company’s recent IPO.
“Jenn brings a rare combination of experience from two of the most closely watched consumer brands in the world,” said Tarek Kutrieh, President and Chief Financial Officer at Liftoff. “Her track record building trust with analysts and institutional investors will be invaluable as we deepen our relationships with the investment community and sharpen how we tell Liftoff's story in this next chapter as a public company.”
“I'm excited to join Liftoff at such a pivotal moment in its journey,” said Kettnich. “Liftoff plays a critical role powering the mobile app economy, and I'm looking forward to helping tell that story and building strong, lasting relationships with our analysts and investors.”
Jenn brings more than 15 years of experience in investor relations and finance. She joins Liftoff from Mattel, where she served as Vice President and Head of Investor Relations, leading the company's engagement with analysts and institutional investors. Prior to Mattel, she spent more than ten years at The Walt Disney Company, holding a senior role in Investor Relations, in addition to roles in Corporate Finance and Treasury.
Earlier in her career, she worked at Brandes Investment Partners, a leading investment advisory firm. Jenn holds an MBA in Finance and Strategic Management from The Wharton School and a BS in Business Administration from The University of North Carolina at Chapel Hill.
About Liftoff
Liftoff (Nasdaq: LFTO) is a leading growth and monetization engine built for the mobile app economy. Its AI-powered platform, Cortex, unifies marketing, creative, and monetization to deliver measurable performance at scale across the app lifecycle. Liftoff enables advertisers to unlock profitable user growth while helping app publishers maximize revenue with advanced ad monetization technology. Founded in 2012 and headquartered in Redwood City, California, Liftoff supports a diverse, global customer base across gaming, consumer, and emerging app categories.
American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn't just benefiting tech giants and chip makers.
Goldman Sachs and JPMorgan Chase each posted record quarterly revenue hauls, fueled by massive gains in equities trading and investment banking.
Behind the surge in activity — Goldman revenue jumped 39% to $20.3 billion, while JPMorgan saw it rise 27% to $58 billion — is the fact that AI is "everywhere in financial markets," JPMorgan CFO Jeremy Barnum told reporters.
"These are booming environments with a ton of activity, big IPOs, big index rebalancing, a lot of activity in Asia," Barnum said Tuesday. "A lot of it is downstream of the AI theme, writ large on a global basis. It's just a very, very, very active environment."
The quarter showed that the AI boom is creating winners far beyond Silicon Valley. While Nvidia and hyperscalers including Alphabet have captured many of the headlines, Goldman, JPMorgan and other banks are profiting from the massive flows of capital into AI.
They are advising on AI-related deals, financing data centers and power infrastructure, underwriting debt and equity offerings, and facilitating the surge in trading that has accompanied the global race to deploy the technology.
That is creating "a ripple effect" across the American economy and giving banks a flood of new opportunities to provide financing and trading solutions across public and private markets, Goldman CEO David Solomon told analysts Tuesday.
"We are in the middle of an AI capex super cycle where there are demands on financing in every single financing instrument, in every region of the world and across every single industry," Solomon said. Capex is short for capital expenditures, or investments made by a business for physical assets like factories.
Goldman is preparing for a three-to-five year investment cycle that is still in its early stages, he told analysts.
Goldman shares jumped 8% in afternoon trading, while JPMorgan rose 2%.
AI 'tipping point'While the AI buildout isn't new, what's changed is that it has broadened out beyond chips and software to include power providers and infrastructure players.
The top beneficiaries of this trend are the three biggest Wall Street firms: Goldman Sachs, JPMorgan and Morgan Stanley, according to Wells Fargo banking analyst Mike Mayo.
The AI investment boom "reached a tipping point" in the second quarter, Mayo said.
Mayo increased his price targets for Goldman and JPMorgan after Tuesday's blowout results. Morgan Stanley is scheduled to report earnings on Wednesday.
The clearest evidence of the AI impact appeared in equities trading, where global capital flows and blockbuster transactions helped produce some of the biggest revenue surprises of the quarter.
Revenue from equities trading rose 86% to $6 billion at JPMorgan and 72% to $7.42 billion at Goldman. Combined, that was a whopping $4.4 billon more than analysts had expected.
Other large banks also benefited. Bank of America, the second biggest U.S. lender by assets, saw equity trading revenue rise 70% to $3.6 billion.
Helping the quarter, investors broadened out their search for AI beneficiaries, pouring money into Asian markets, including South Korea, Taiwan and Japan, Soofian Zuberi, president and co-head of Global Markets at Bank of America, told CNBC.
"People looked at the AI trade and said, 'What are the best reflections of it outside the U.S?,'" Zuberi said. "You've got American clients who are diversifying and allocating more money to Asia, including foundations, the endowments, and family offices."
SpaceX, AlphabetThe AI impact also showed up in the banks' strong advisory banking revenue for the second quarter.
Investment banking revenue at Goldman jumped 55% to $3.4 billion, and climbed 30% to $3.3 billion at JPMorgan Chase. That is a combined $1 billion more than analysts had expected.
In the quarter, Goldman was lead advisor on the SpaceX IPO and Alphabet's $90 billion equity issuance and advised Dominion Energy on its sale to NextEra Energy, all moves driven by the AI cycle.
At Bank of America, investment banking fees jumped 50% to $2.1 billion.
At the same time as they reap record fees driven by AI, banks are starting to benefit from implementing the technology internally. That should help them increase revenue while keeping a lid on headcount and other expenses.
"AI is driving banking by helping streamline processes," Zubieri said. "And banking is driving AI, because without banking you can't have all these data centers financed."
BlackRock BLK is set to report its second-quarter earnings before the opening bell on Wednesday, July 15, with Wall Street expecting the world's largest asset manager to deliver another quarter of revenue and earnings growth.
Analysts expect BlackRock to report earnings per share of $12.65, up 5.0% from a year earlier, on revenue of $6.74 billion, representing 24.4% year-over-year growth.
Another consensus estimate projects EPS of $12.57 on revenue of $6.72 billion, also pointing to strong annual growth.
The asset manager enters the earnings report with a solid track record, having exceeded consensus EPS estimates in each of the past four quarters while beating revenue expectations in three of those periods.
Investors will be looking for signs that BlackRock can sustain its momentum amid evolving market conditions and changing industry dynamics.
Sentiment heading into BlackRock's earnings report has improved in recent months.
Over the past three months, analysts have issued seven upward revisions and three downward revisions to EPS estimates.
Revenue forecasts have also strengthened, with four upward revisions compared with one downward revision.
Wall Street remains broadly optimistic about the stock.
Analysts maintain a Buy consensus with an average price target of $1,259, implying roughly 22% upside from the current share price of $1,029.85.
Of the 17 analysts covering the company, 14 recommend buying the stock, while three maintain Hold ratings and none recommend selling.
Several brokerages have also raised their price targets ahead of the earnings release.
Barclays increased its target to $1,340, while Morgan Stanley raised its target to $1,430.
Earnings estimates have climbed 0.75% over the past 60 days, while revenue estimates have increased 1.74%, reflecting growing confidence ahead of the quarterly report.
Client flows and AUM remain key focusInvestors will closely monitor BlackRock's assets under management, net inflows into iShares exchange-traded funds and active strategies, fee revenue, and the performance of its technology and private markets businesses.
During the first quarter, BlackRock reported $136 billion in long-term net inflows.
Although this was below the $150 billion Visible Alpha consensus estimate, it included a record $132 billion in net inflows into iShares exchange-traded products, alongside $3 billion in active equity inflows and $9 billion in private markets inflows led by private credit and infrastructure.
The company also exceeded Wall Street's expectations in the first quarter, supported by 8% year-over-year organic fee growth and adjusted operating margin expansion of more than 100 basis points.
Investors will also assess the early performance of BlackRock's recently launched iShares Nasdaq 100 ETF, along with trends in fee rates and demand across its investment products.
Beyond traditional asset management, analysts will be watching the contribution from BlackRock's Aladdin technology platform and its alternatives business.
In a research note, Morgan Stanley said it believes BlackRock is "best-positioned within the asset management barbell given its leading iShares ETF platform, multi-asset and alternatives businesses, combined with a growing technology/Aladdin offering that should drive ~18% EPS CAGR (2025-28e) via ~5% average long-term organic growth."
Morgan Stanley also said its base-case outlook expects "+5.6% and +5.2% net inflows in 2026 and 2027, respectively, led by Alternatives and Fixed Income."
The earnings report is expected to provide further insight into whether BlackRock's scale, diversified business model, and technology offerings continue to offset broader industry pressure from lower management fees and rising operating costs.
Investors will also look for management commentary on client demand, market conditions, and capital deployment as they assess the firm's outlook for the second half of the year.
PayPal introduced another buy now, pay later (BNPL) option for its customers in the United Kingdom, according to a Tuesday (July 14) press release.
Pay in 30 Days lets shoppers complete a purchase up front and pay the full amount up to 30 days later, the release said.
“British customers are smart,” Tamer El-Emary, general manager for PayPal in the UK, said in the release. “They want the flexibility to pay on their terms, but they’re also more discerning than ever about who they trust with their money. We’ve seen that in how our customers use PayPal, and our BNPL product offering, including both Pay in 3 and now Pay in 30 Days is our response: genuine flexibility, zero fees and the reassurance of a brand that’s been part of U.K. shopping for over two decades.”
The offering applies to purchases of between 1 pound (about $1.30) and 900 pounds (about $1,200), giving customers up to 30 days to pay the full amount, according to the release. This control of when the payment is made within the 30-day window means that shoppers can align it with their paydays or their scheduled bill payments.
“For merchants, Pay in 30 Days provides another way to give customers flexibility at checkout without adding complexity,” the release said, citing PayPal research showing that businesses that offer BNPL said offering a range of customer payment preferences is an important competitive priority.
The launch comes one day before a new BNPL regime comes into effect in the U.K. The payment method will now fall under the purview of the country’s Financial Conduct Authority.
“As BNPL becomes regulated by the FCA and continues to grow in the U.K., the bar for trust and transparency will only rise, and we think that’s a good thing,” PayPal’s El-Emary said in the release. “For businesses, it means customers will increasingly gravitate toward payment options from names they recognize. PayPal’s Pay in 30 Days gives merchants a way to meet that demand, backed by a checkout experience their customers already know and trust.”
Meanwhile, the PYMNTS Intelligence report “Invest Now, Win Later: How Buy Now, Pay Later Became a Merchant Growth Strategy,” a collaboration with PayPal, found that pay later availability can influence merchant selection. The report showed that 38% of consumers said this factor influences where they order food, while 37% said it affects travel bookings.
In addition, the research found that 43% of shoppers said they would abandon a purchase if pay later methods were not available.
“If nearly half of prospective buyers are prepared to walk away because financing is missing, retailers must reconsider where flexible payment options appear within the customer journey rather than treating them as a final checkout feature,” PYMNTS reported last week.
Ron Westfall expects Intel (INTC) to report "more good news than not good news" in next week's earnings. While the legacy tech firm anticipates a PC revenue cooldown, Ron points to the company's progress on AI ambitions as enough to back guidance expectations.
ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its second quarter 2026 financial results at 8:00 a.m. ET on Thursday, August 6, 2026, followed by an earnings call at 9:00 a.m. ET.
A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q2 2026 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.
ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.
Buying stocks when they aren't doing well may not seem like an enticing option. But for long-term investors, the goal is where stocks will be years down the road, not where they are today, or even headed in a few weeks or months. That's why, in the long run, buying stocks with strong fundamentals can be a great move, especially when they are trading at discounted prices.
Three stocks that are attractively priced right now and that could have a lot of room to rise higher in the long run are Netflix (NFLX 0.39%), Pfizer (PFE 0.96%), and Verizon Communications (VZ 0.59%). They're all trading at less than $100, and here's why they can be excellent buys right now.
Image source: Getty Images.
Netflix Normally a top growth stock, streaming company Netflix hasn't been as compelling an investment this year. The market appears to be concerned about where the business may be heading, with its name often involved in rumors relating to potential acquisitions, and co-founder Reed Hastings recently leaving the company.
At around $74 and the stock trading at 24 times its trailing earnings, its valuation is attractive given how strong Netflix's business is. The company has achieved considerable growth over the years, with its revenue totaling $45 billion last year -- which is an increase of 34% from where it was two years ago.
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What's even more impressive is that it has grown at a fast rate while also having strong profit margins; its earnings totaled $11 billion last year, which means about 24 cents of every dollar of revenue flows through to the bottom line. Netflix has an excellent business model, and at a reasonable price, it's still a top stock to buy for the long haul.
Pfizer Healthcare stock Pfizer has effectively been in stock market purgatory for years. No matter how attractive its dividend gets, no matter the acquisitions it makes to bolster its growth prospects, investors appear to have forgotten it even exists. This year, it's down around 3%, despite trading at an already heavily discounted valuation; its forward price-to-earnings (P/E) multiple, based on analyst estimates, is just eight.
It's trading at $24, which is the price you could have bought it at back in 2012. The market may be waiting for proof and confirmation that the business will be in good shape and that its dividend, which yields 7.1%, is really safe in the long run. Acquisitions have bolstered its pipeline, and the company has around 20 key pivotal studies it's starting this year. If it gets even a bit of good news relating to one of its drugs, that could set off a rally for the stock.
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Pfizer is a top name in healthcare, and it has demonstrated over the years an ability to innovate and grow. There is some uncertainty ahead for the business, but with Pfizer still expecting to generate solid and stable numbers this year, it's a safer stock than it looks. A rally may not be necessarily around the corner, but with a high dividend yield and a lot of potential upside, this may be an ideal option for long-term investors who are willing to wait and stay the course.
Verizon Communications Another high-yielding stock that hasn't been getting much love of late is Verizon. It was doing well in the early part of the year, but it's nearly given back all those gains and is now up just around 4% thus far in 2026. At around $42, this is a stock that is another good value option to consider, with its forward P/E multiple also around eight.
Like Pfizer, it too pays a fairly high dividend, with its yield at about 6.7%. This telecom giant is the prototypical boring, long-term holding that can make for an excellent pillar in any portfolio. While it typically generates single-digit growth, it's fairly stable, with the company reporting more than $130 billion in revenue in each of the past three years.
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With Verizon recently completing its acquisition of Frontier, its business will grow, and its growth rate is likely to improve as well. It's a leader in telecom, and that's unlikely to change anytime soon, which makes it an excellent long-term buy.
Shares of International Business Machines (IBM 25.37%) fell by as much as 25% today after management issued a stark warning about upcoming second-quarter earnings. IBM’s preliminary, lower-than-expected earnings showed a shortfall in the performance of its software and infrastructure division.
Management attributed the earnings shortfall to clients shifting their spending away from IBM products and instead dedicating capital expenditures to servers and storage ahead of expected price increases.
“This dynamic impacted client buying patterns,” CEO Arvind Krishna wrote in a letter to investors posted on IBM’s website. “While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization.”
Image source: The Motley Fool.
“These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall. These are not excuses, but they are realities,” he wrote.
The drop in shares pushed IBM stock into bear market territory -- the stock is now down 26% on the year. It’s on track to be the biggest drop in company history, worse than the Black Monday tumble of 23.7% in 1987.
What happened to IBM?IBM was looking for more revenue in the second quarter from its new z17 mainframes, which are designed to process AI workloads. The rollout was expected to be the strongest start to a mainframe program in IBM history, and the company would complete the launch by the end of the quarter.
However, the computing industry has been laser-focused on storage and memory products this year. Tech companies have been buying flash memory chips for data centers, and manufacturers have struggled to keep up with the demand. Sandisk reported data center revenue in its most recent quarter, jumping 233% sequentially to reach $1.5 billion. Micron Technology’s data center revenue increased 102% sequentially and 653% from a year ago to $11.52 billion.
IBM’s preliminary second-quarter earnings showed revenue of $17.2 billion, up 1% from a year ago. Infrastructure revenue was down 7%, while consulting revenue was flat and software revenue increased by 5%.
IBM’s warning was felt throughout the stock market, with software provider Salesforce dropping 4% in early morning trading before rebounding, and Microsoft slipping 3% before regaining its footing.
Meanwhile, storage companies were having a strong day; Micron stock was up 5% in afternoon trading, and Sandisk was up nearly 6%.
What happens next with IBM?IBM is scheduled to report its full quarterly results after the market close on July 22, giving it a week to come up with a game plan. Krishna, in his letter to shareholders, said the company “are undertaking new initiatives and accelerating others, all to improve our results going forward.”
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You can also expect IBM to focus investor attention on Red Hat revenue gains, which were up 11% in the quarter, and the company’s Distributed Infrastructure segment, which saw 37% gains with strong growth for power and storage products and a backlog of $500 million.
And IBM still plans to invest more than $10 billion in quantum computing in the next five years, and says it is on track to deliver the first large-scale fault-tolerant quantum computer by 2029.
But for now, IBM may have some difficult days in front of it. Analysts at HSBC have already downgraded the stock from “Hold” to “Reduce” and lowered the price target from $231 to $191.
HomeRetirementBrett Arends's ROIBrett Arends's ROIA reminder: Don’t put all your eggs in one basketJuly 14, 2026, 3:36 p.m. ET
IBM's stock crashed Tuesday as the company warned on earnings. Photo: AFP via Getty ImagesIBM employees on Tuesday lost more than $400 million in their 401(k) retirement accounts due to the collapse in the company’s stock price.
Nearly 150,000 company employees held a total of 5.77 million shares of IBM stock IBM in their 401(k) accounts, according to the most recent filing. The stock price plummeted more than $73, a staggering 25%, as the technology giant warned that second-quarter earnings would be below expectations. The losses work out an average of $2,700 for each worker participating in the plan.
Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. @CharlesSchwab's Joe Mazzola believes Microsoft (MSFT) is in a "show me" period when it comes to how it will make ROI off all its AI spending.
BFA Law is investigating whether IBM committed securities fraud relating to misrepresentations about the pace of securing new business deals and the strength of its IBM Z product outlook.
NEW YORK--(BUSINESS WIRE)--Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into International Business Machines Corporation (NYSE:IBM) for potential securities fraud after its significant stock drop.
BFA Law is investigating whether IBM committed securities fraud relating to misrepresentations about the pace of securing new business deals and the strength of its IBM Z product outlook.
Share If you invested in IBM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/ibm-class-action-lawsuit.
Key Details of the IBM ($IBM) Class Action Investigation:
Investigation Overview: Securities fraud relating to IBM’s misrepresentations about the pace of securing new business deals and the strength of its IBM Z product outlook Stock Decline: July 14, 2026 – 25% Stock Drop Action: Contact BFA Law to discuss your rights Why is IBM Being Investigated for Securities Fraud?
IBM is being investigated for securities fraud following a significant stock drop. The decline in IBM’s stock price caused significant losses to investors.
IBM is a global technology and consulting company that focuses on hybrid cloud and artificial intelligence. IBM uses IBM Z to deliver enhanced AI acceleration through multi-model AI capabilities, low unit cost architecture at scale for workloads that require end-to-end encryption, continued availability, and ultra-high throughput.
BFA is investigating whether IBM misled investors about its pace securing new business deals and the strength of its IBM Z outlook.
Why did IBM’s Stock Drop?
On July 14, 2026, IBM released its 2026 Q2 financial results. IBM announced a disappointing quarter that it attributed to “a shortfall in our Z performance and the associated software stack, primarily in Transaction Processing.” IBM also revealed that it had “faltered,” and “did not adapt and move quickly enough” so that “numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall.”
This news caused the price of IBM stock to decline over $75 in intraday trading on July 14, 2026, or over 25%.
Click here for more information: https://www.bfalaw.com/cases/ibm-class-action-lawsuit.
What Can You Do?
If you invested in IBM, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
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MILWAUKEE, July 14, 2026 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against IBM (NYSE: IBM). The investigation results from inaccurate statements IBM may have made regarding its financial statements, business operations and prospects.
On July 14, 2026, IBM provided a financial update on its second quarter financial results and noted that it had "faltered" in keeping up with the changes in corporate spending from software towards data center infrastructure and cybersecurity.
Click here to join our investigation or to obtain additional information, or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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ToplineIBM’s stock plummeted on Tuesday in its largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs.
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
Copyright 2019 The Associated Press. All rights reserved.
Key FactsShares of IBM crashed 25.2% to around $217 at market close on Tuesday, topping the infamous Black Monday crash of Oct. 19, 1987, when IBM plummeted 23% amid the broader, massive selloff.
That erased about $67 billion from IBM’s market capitalization, valuing the firm at just under $205 billion.
The historic decline followed a letter from Krishna to IBM investors on Tuesday, in which Krishna said about the company’s “disappointing” second-quarter performance: “What played out was worse than our expectations. We did not adapt and move quickly enough.”
Krishna said customers adjusted their technology budgets as demand from AI data centers made servers, storage and memory harder to obtain, adding that while IBM anticipated some supply chain disruptions, the company did not expect customers to shift so much of their spending away from software and toward buying AI hardware.
Krishna also cited the release of Anthropic’s Mythos, which he said stalled several large deals as customers weighed the implications of the AI model, which Anthropic claimed could enable hackers to identify cybersecurity vulnerabilities before companies detect them.
arvind krishna’s statement to ibm investors, in full “When we discussed our expectations with you in April, we noted that we would be wrapping on the launch of z17 in the second quarter. Given this was the strongest start to a mainframe program in our history, we expected Infrastructure revenue to decline low-single digits for the year, beginning this quarter.
“What played out was worse than our expectations, driven by a shortfall in our Z performance and the associated software stack, primarily in Transaction Processing. In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases. This dynamic impacted client buying patterns. While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization. In addition, clients were distracted with rapidly-evolving, industry-wide cybersecurity concerns in the quarter.
“These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall.
“These are not excuses, but they are realities. Our job is to help our clients through uncertainty, to find paths forward to grow their businesses no matter what is happening in the external environment.
While our second-quarter results are disappointing, our performance in many areas showed strength, reinforcing the conviction we have in our portfolio and strategy.”
what to watch forIBM will post second-quarter earnings on July 22. Wall Street anticipates IBM to report $17.2 billion in quarterly revenue and $2.93 earnings per share, according to FactSet, marking annual increases of just 1.3% and 3.5%, respectively.
key backgroundA broader buildup of AI infrastructure has disrupted IBM’s business in recent months. In February, the company’s stock tanked in its worst performance since 2000 after Anthropic unveiled an AI tool it claimed would streamline updates for COBOL, a decades-old business software popularized by IBM, which still provides systems that run it. IBM was not alone, however, as global software companies had their shares plummet as more AI tools became available, fueling concerns the growing technology could automate tasks offered by the firms.
further readingForbesIBM Shares Plummet 13%—Worst Day Since 2000—After Anthropic Launches Programming AI ToolBy Ty Roush
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
, /PRNewswire/ -- Emerson (NYSE: EMR) will report its third quarter results after market close on Tuesday, August 4, 2026. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 4:30 p.m. Eastern Time, 3:30 p.m. Central Time.
All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at https://ir.emerson.com and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
About Emerson
Emerson (NYSE: EMR) is a global automation leader delivering solutions for the most demanding technology challenges. Headquartered in St. Louis, Missouri, Emerson is engineering the autonomous future, enabling customers to optimize operations and accelerate innovation. For more information, visit Emerson.com.
Emerson uses our Investor Relations website, https://ir.emerson.com, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Citigroup (NYSE:C | C Price Prediction) stock is down 4.7% to $134 Tuesday afternoon, a sharp sell-the-news reversal after the bank beat every analyst estimate for the second quarter. Citigroup shares had traded higher earlier in the session before turning red.
Zoom out, though, and Citigroup stock is still the clear year-to-date leader of the big three. Citigroup stock is up 13.75% in 2026, ahead of Bank of America (NYSE:BAC) stock at up 9.34% and Wells Fargo (NYSE:WFC) stock at down 8.82%.
All three banks reported strong Q2 2026 results powered by an AI-driven trading and dealmaking boom. Yet, the reaction across the group is mixed to negative, with Wells Fargo stock down 3.32% to $84.76 and Bank of America shares up only 1.29% to $60.27 after touching a record high earlier.
Citigroup Delivers a Blowout, Stock Reverses Anyway Citigroup posted Q2 2026 earnings of $3.15 per share on $24.8 billion in revenue, marking the company’s highest revenue in a decade. The Street had expected about $2.74 in earnings per share, and record equity-trading revenue drove the upside.
Citigroup’s management paired the report with capital-return firepower, announcing a $30 billion buyback and a 12% dividend increase. That builds on the earlier hike from $0.56 to $0.60 per quarter that Citigroup pushed through last year.
The bear case that took over on Tuesday afternoon is straightforward. Citigroup’s CFO acknowledged that its equities franchise still trails larger rivals, and Citigroup stock now trades at a 16x P/E ratio. That’s the richest multiple of the three, which sets a higher bar even after a genuine beat.
Bank of America and Wells Fargo Also Beat, With Different Reactions Bank of America reported EPS of $1.21 on revenue of $31.6 billion, its fifth consecutive quarterly EPS beat. The company’s Global Markets revenue jumped 34% to $8.02 billion, with equities sales and trading up 70% and investment banking fees up 50%.
CEO Brian Moynihan called it “one of our strongest quarters to date” and struck an upbeat tone on financing the AI buildout. Bank of America stock trades at a 15x P/E ratio, cheaper than Citigroup but richer than Wells Fargo.
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Wells Fargo, meanwhile, posted EPS of $2, with investment banking fees up 35% and return on tangible common equity of 17.7%. The bank also announced a buyback and a planned dividend raise, but CEO Charlie Scharf’s “carefully deploying capital” tone weighed on Wells Fargo shares. Wells Fargo stock trades at a 13x P/E ratio, the cheapest of the group.
So Is Citigroup Actually Outperforming? The short answer is yes, at least on the year-to-date scoreboard. Citigroup’s 13.75% run tops Bank of America and doubles down on the turnaround story CEO Jane Fraser has been selling, with 65.9% gains over the past year backing it up.
The nuance is that Citigroup carries the richest valuation and the smallest markets franchise of the three, so any wobble in trading or dealmaking hits harder. Tuesday’s reversal is a reminder that leadership at the top of a rally leaves less margin for error, and investors should consider sizing their positions accordingly.
For readers who prefer a broader lens, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) offers diversified exposure to the big banks and the wider financials complex in one fund. That can smooth out days like this one, when three earnings beats produced three different market reactions.
What to Watch Next The immediate cue is whether Citigroup stock can stabilize into Tuesday’s close after giving back ground from an earlier intraday high. Follow-through from the $8 billion in Bank of America capital returns and Wells Fargo’s guidance on its dividend plan could set the tone for the rest of bank earnings week.
Keep an eye on how the group trades over the next few sessions. If Citigroup holds most of its year-to-date lead through the JPMorgan Chase (NYSE:JPM) and regional bank earnings reports later this week, the outperformance thesis could remain intact even after a rough Tuesday.
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Wells Fargo CFO Mike Santomassimo discusses the bank's second-quarter earnings and the outlook for M&A on "Bloomberg The Close." -------- More on Bloomberg Television and Markets Like this video?
Wells Fargo's Wealth & Investment Management business has invested over $1 billion over the past several years to modernize its technology platform, with a new generative artificial intelligence-powered suite of tools for financial advisors being the latest addition, Wells Fargo Chairman and CEO Charlie Scharf said Tuesday (July 14) during an earnings call.
Wells Fargo & Company (WFC) Q2 2026 Earnings Call July 14, 2026 10:00 AM EDT
Company Participants
John Campbell - Director of Investor Relations
Charles Scharf - CEO & Chairman
Michael Santomassimo - Senior EVP & CFO
Conference Call Participants
Kenneth Usdin - Bernstein Autonomous LLP
John McDonald - Truist Securities, Inc., Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
David Chiaverini - Jefferies LLC, Research Division
Vivek Juneja - JPMorgan Chase & Co, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Presentation
Operator
Welcome, and thank you for joining the Wells Fargo Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin the conference.
John Campbell
Director of Investor Relations
Good morning, everyone. Thanks for joining our call today where our CEO, Charlie Scharf; and our CFO, Mike Santomassimo, will discuss second quarter results and answer your questions. This call is being recorded. Before we get started, I would like to remind you that our second quarter earnings materials, including the release, financial supplement and presentation deck are available on our website at wellsfargo.com. I'd also like to caution you that we may make forward-looking statements during today's call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings including the Form 8-K filed today containing our earnings materials. Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures, can also be found in our SEC filings and the earnings materials available on
Block (XYZ) "is fairly priced" short-term, says @LikeFolio's Andy Swan, though he expects the company to pick up substantial momentum long-term. He points to significant earnings growth and high consumer happiness with business arms like Square and Cash App as signals of strength.
ATLANTA--(BUSINESS WIRE)---- $UPS #upsearnings--United Parcel Service (NYSE:UPS) will announce its 2026 second-quarter results on July 28, 2026, at approximately 6:00 a.m. Eastern Time. At 8:30 a.m. ET, UPS Chief Executive Officer Carol Tomé and Chief Financial Officer Brian Dykes will lead an investor conference call to discuss the results. This call will be open to the public via a live webcast. To listen, visit the UPS Investor Relations page and click on “Webcast.” The webcast audio will be accessible on the Inv.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock:
A dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock") A dividend of $187.50 per share (equivalent to $0.46875 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("Series J Preferred Stock") A dividend of $158.75 per share (equivalent to $0.396875 per depositary share) on its Perpetual 6.350% Non-Cumulative Preferred Stock, Series K ("Series K Preferred Stock") Each dividend will be payable September 15, 2026 to shareholders of record at the close of business on September 1, 2026.
About M&T
M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”), of the important August 24, 2026 lead plaintiff deadline.
SO WHAT: If you purchased First Solar securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) defendants had overstated First Solar’s capacity to manage the impact of U.S. tariff policy on First Solar’s business; (2) defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar’s projected performance in the 2026 fiscal year; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against First Solar, Inc. (“First Solar” or the “Company”) (NASDAQ: FSLR) and certain officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 26-cv-03787, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired First Solar securities between February 26, 2025 and February 24, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired First Solar securities during the Class Period, you have until August 24, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
First Solar is a solar technology company that provides photovoltaic (“PV”) solar energy solutions. First Solar manufactures and sells PV solar modules that convert sunlight into electricity. As relevant here, First Solar’s product offerings include its Series 6 Plus PV module, manufactured at facilities in locations including Malaysia and Vietnam.
At the outset of the Class Period, Defendants announced that First Solar would reduce production output of Series 6 modules at facilities in Malaysia and Vietnam in 2025, to account for circumstances including, inter alia, an “uncertain U.S. policy environment following the 2024 U.S. elections,” and “a supply and demand imbalance for Southeast Asian product.” Notwithstanding these circumstances, First Solar reassured investors that its primary market, the United States, enjoyed stable module prices.
Then, on April 2, 2025, United States (“U.S.”) President Donald J. Trump announced a series of “reciprocal” tariffs on U.S. imports from all countries, including rates of 24% and 46% on Malaysia and Vietnam, respectively, presenting a challenge to First Solar. These tariffs were subsequently reduced to 10%. Throughout the Class Period, Defendants continued to assure investors that the dynamic policy landscape presented a “long term favorable” for First Solar and actually “strengthened [its] relative position in the solar manufacturing industry.”
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants had overstated First Solar’s capacity to manage the impact of U.S. tariff policy on the Company’s business; (ii) Defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar’s projected performance in the 2026 fiscal year; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
The truth began to emerge on January 7, 2026, when Jefferies downgraded First Solar to Hold from Buy, noting that during 2025, the Company had lowered guidance, faced significant de-bookings and experienced margin compression through 2025. Jefferies also flagged that “[international] facilities remain a pain point while tariffs exist” and “underutilization at [international] facilities remains a concern.” The Jefferies analyst also predicted that First Solar’s deployment opportunities were likely to be more limited in 2026.
On this news, First Solar’s stock price fell $27.67 per share, or 10.29%, to close at $241.11 per share on January 7, 2026.
Then, on February 24, 2026, First Solar issued a press release “announc[ing] financial results for the fourth quarter and year ended December 31, 2025.” Among other items, First Solar announced earnings that missed expectations by a wide margin and issued lower-than-expected FY 2026 revenue guidance, citing customer headwinds such as permitting delays under the Trump administration. Following First Solar’s announcement, Baird Research downgraded its stock to Neutral from Outperform, citing “several question marks in forward outlook.”
On this news, First Solar’s stock price fell $33.09 per share, or 13.61%, to close at $210.12 per share on February 25, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Director Mark S. Demilio reported a sale of 2,445 shares of RH (RH +7.56%) on July 10, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares sold (indirectly held)2,445Transaction value~$412,000Post-transaction shares57,698Post-transaction shares (directly held)12,593Post-transaction shares (indirectly held)45,105Post-transaction value$9.54 millionKey questionsWhat was the impact of this transaction on the director's total equity exposure?
The sale of 2,445 shares represented 5% of the indirect holdings and 4% of the total equity position. Following the transaction, the aggregate stake decreased from 60,143 shares to 57,698 shares.How is the remaining ownership structured across different entities?
The current position is divided between 12,593 shares held directly and 45,105 shares held indirectly. The indirect holdings are distributed between The Mark S. Demilio Revocable Trust, which holds 25,680 shares, and The Theresa E. Demilio 2012 Family Trust, which holds 19,425 shares.How did the execution price compare to the market valuation on the date of the trade?
The transaction was executed at a weighted average price of $168.44 per share, which was a premium to the $165.35 market close recorded on the July 10, 2026 transaction date.What is the company's current market scale and recent financial profile?
As of the July 10 market close, the company had a market capitalization of $3.1 billion. In the trailing 12 months, the firm generated $3.4 billion in revenue and $103.1 million in net income.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$165.35Market Capitalization$3.1 billionRevenue (TTM)$3.4 billionNet Income (TTM)$103.1 millionCompany SnapshotRH operates as a specialized home furnishings retailer offering an extensive portfolio that includes furniture, lighting, textiles, bathware, decor, outdoor and garden essentials, and specialized furnishings for children and teens.The company generates revenue through a diversified omnichannel distribution model encompassing distinctive retail galleries, curated Source Books catalogs, and a comprehensive digital platform.RH targets affluent consumers seeking premium home furnishings and design solutions, positioning itself as a curator of high-end residential and lifestyle products.RH is a prominent specialty retailer in the consumer cyclical sector with a market capitalization of $3.1 billion. The company has generated $3.4 billion in TTM revenue with net income of $103.1 million, reflecting its position as a significant player in the premium home furnishings market. RH's competitive advantage derives from its curated product selection, distinctive retail experience across multiple channels, and strong brand positioning in the high-end home furnishings segment.
What this transaction means for investorsDemilio trimmed a small block from his indirect holdings and still controls 57,698 shares split across a revocable trust, a family trust, and a direct stake. A long-tenured director shaving 4% off a position mostly held in trust vehicles is the kind of estate-planning move that says nothing about where RH is headed. Worth a small note, though: there's no 10b5-1 plan mentioned, so the timing was discretionary, and he did sell at $168.44, a premium to that day's close.
Coincidentally enough, CEO Gary Friedman reported the sale of “a small portion” of his common stock — 24% of his holdings — earlier this month, prompting a release from the company, which said the move was to help fund improvements to personal residences and the repayment of debt. Shares surged nearly 8% on Tuesday (just four days after the transaction), so it’s clear the stock is in a volatile position, with shares still down about 14% in the year ending Tuesday.
The business is in a similarly tricky but improving spot. Fiscal first-quarter revenue slipped 1.7% to $800.3 million, hurt by roughly $45 million in tariff-related backorders, but RH raised its full-year outlook to 4.5% to 8% revenue growth. Friedman told investors he expects growth to accelerate from roughly flat in the first half to around 12% in the second half as backlog clears. For long-term investors, the insider sale is minor. The real questions are whether that second-half acceleration shows up, and whether RH's debt-heavy balance sheet can carry its costly international expansion.
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About the Author
Jonathan Ponciano is a contributing stock market analyst at The Motley Fool. He has nearly a decade of experience as a financial journalist, most recently as an editor and senior reporter at Forbes focused on markets, technology, and entrepreneurship. Jonathan has also written for Investopedia and the Los Angeles Business Journal. He holds a dual B.A. in Business Journalism and Economics from the University of North Carolina at Chapel Hill and an M.B.A. from Columbia Business School. A North Carolina native now based in New York City, Jonathan has also lived in Mexico City and Los Angeles.
Palantir Technologies (PLTR) Chief Executive Alex Karp said artificial intelligence may improve living standards for many people but could also concentrate fina
Intuitive Surgical's (ISRG 6.86%) stock is having a tough year. The stock has fallen 30% from its 52-week high, with a decline of more than 25% in the first seven months or so of 2026. There are multiple reasons for this drop, but the biggest issue isn't the company's business. Here's why this sell-off may not be as scary as it seems.
Intuitive Surgical has yet another big drawdown If you look back to Intuitive Surgical's initial public offering, it has suffered through eight drawdowns of 30% or more. So the current decline isn't really unusual for the growth-oriented stock.
Image source: Getty Images.
In fact, the medical device maker's recent performance has been pretty solid. In the fourth quarter of 2025, its installed base of surgical robots increased 12% year over year. In the first quarter of 2026, the installed base was larger 12% year over year, too. There hasn't been a dramatic shift in direction here.
That said, the real story isn't the number of new da Vinci surgical systems it sells. Robot sales only account for around 25% of the company's revenues. The rest comes from the sale of services, instruments, and accessories. These are annuity-like income streams that will continue to flow as long as the da Vinci robots that support them are in use. It is an attractive growth story, with each new da Vinci robot building an ever stronger income stream from selling what amounts to parts and services.
The big problem, and a smaller one The most notable issue for Intuitive Surgical's stock price is really investor perception. Even after the dramatic drawdown, the stock's price-to-earnings ratio remains lofty at 50x. What's shocking is that this figure is well below the five-year average of 69x. Over the past five years, the P/E has reached as high as 84x. Investors have a history of pricing in a lot of good news here.
With such a lofty P/E ratio, it doesn't take much of a shift in investor sentiment to cause a sizable stock pullback. So far, after each big pullback, however, the stock has eventually gone on to even higher highs. That doesn't mean that pattern will repeat this time around, but it does suggest growth investors who have been watching from the sidelines should take a second look at what might be a wish-list stock.
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The deeper issue here is that Intuitive Surgical is no longer the leader it once was. It helped create the surgical robotics market and remains one of the industry's most important players. But there are new, formidable competitors to consider, including Medtronic (MDT 5.11%), among others. That could make it harder for Intuitive Surgical to sell its robots in the future, even if the market is large enough to support more than one surgical robotic system. Still, hospitals that have bought a da Vinci system aren't going to suddenly stop using it just because other surgical robots are on the market.
Pay attention to new da Vinci placements, but remember the real flywheel When Intuitive Surgical reports second-quarter earnings, investors should pay close attention to the number of da Vinci systems it has in place. A dramatic slowdown in growth would be worrying and could further compress the stock's valuation. However, the story is much more robust than just the sale of robots, given that parts and services are the main drivers of revenues.
That's why you'll also want to look at the number of surgeries performed with a da Vinci system. The company entered 2026 expecting that figure to rise between 13% and 15%, down from 18% in 2025. However, the first quarter was above the target range at 17%, suggesting that Intuitive Surgical is still a fast-growing company even if investors are less excited about the future than they were not too long ago. And even if the full-year number drops to 13%, it will hardly suggest that Intuitive Surgical's business model is broken.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the “Class Period”), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow’s agreement with Redfin Corporation was not a “partnership,” but rather an acquisition of Redfin’s business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants’ statements about Zillow’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, today released the latest episode of its Investor Relations podcast
Wang Yanjun, chief corporate officer and general counsel, reported a sale of 3,000 Class A ordinary shares in Sea Limited (SE 1.24%) on July 10, 2026 and July 13, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$338,520Shares sold (indirectly held)3,000Post-transaction shares (directly held)1,162,442Post-transaction shares (indirectly held)37,000Post-transaction value$132.73 millionTransaction value based on SEC Form 4 weighted average sale price ($112.84); post-transaction value based on July 13, 2026 market close ($110.66).
Key questionsWhat was the structural context of this transaction?
The sale was executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026. These plans allow insiders to sell shares at predetermined intervals to avoid concerns regarding material non-public information.How does this affect the insider's long-term alignment?
The transaction had a minimal impact on the insider's core position, as 97% of the total equity interest is held directly. Wang Yanjun continues to hold 1,162,442 shares directly, in addition to the remaining indirect interest held via the BVI entity.What is the recent performance context for the stock?
The shares were sold at a weighted average price of $112.84, while the company's stock has delivered a one-year return of -25% as of the July 13, 2026 market close.What is the broader ownership stake following this activity?
Post-transaction, the insider retains an ownership level of about 0.2% of the company's shares outstanding, maintaining a significant financial stake in the Singapore-based digital services firm.Company OverviewMetricValueShare Price (as of market close 2026-07-13)$110.66Market Capitalization$67.8 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates a diversified digital platform ecosystem spanning digital entertainment through its Garena brand, e-commerce operations, and digital financial services across Southeast Asia, Latin America, and other international markets.The company generates revenue through multiple streams including in-game monetization and eSports events from its gaming platform, transaction fees and commissions from e-commerce operations, and financial services offerings including payments and lending products.Sea Limited serves a broad consumer base across emerging markets, targeting mobile-first users in Southeast Asia and Latin America who engage with gaming, online shopping, and digital financial services.Sea Limited is a leading digital platform operator in emerging markets with a market capitalization of $67.8 billion and TTM revenue of $25.2 billion, demonstrating significant scale across its diversified business segments. The company's integrated ecosystem approach—combining entertainment, commerce, and fintech—creates cross-selling opportunities and customer stickiness in high-growth regions. With 102,700 employees and operations spanning multiple geographies, Sea Limited leverages its technological infrastructure and regional market expertise to maintain competitive advantages in the digital services sector.
What this transaction means for investorsWang parted with 3,000 shares through a BVI entity under a plan set in March while holding onto more than 1.16 million shares directly, so this trims a sliver of a percent off her position. A general counsel selling a token amount on a preset schedule, especially with the stock down 25% over the past year, tells you nothing about the company's direction. If anything, the more notable insider signal is that Sea itself has been buying, repurchasing $168 million shares in the first quarter under a $1 billion program.
Meanwhile, the business has been faring better since tumbling at the end of last year. First-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA topped $1 billion for the first time. Shopee's e-commerce volume hit a record $37.3 billion, the Monee fintech arm grew revenue 58% with its loan book up 71%, and Garena posted its best quarter since 2021. CEO Forrest Li framed 2026 as a year of leaning into growth while keeping financial discipline. Shares have risen more than 30% this past month alone.
For long-term investors, this insider transaction is effectively noise. The real questions are whether Sea’s profitability holds as the firm reinvests, and whether Monee's fast-growing loan book stays clean.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
Investors in Danaher Corporation (DHR - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 18, 2026 $140 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Danaher shares, but what is the fundamental picture for the company? Currently, Danaher is a Zacks Rank #2 (Buy) in the Medical Services industry that ranks in the Top 40% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.84 per share to $1.83 that period.
Given the way analysts feel about Danaher right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
[url="]Glancy Prongay Wolke and Rotter LLP[/url], a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Intuit Inc. (NASDAQ: INTU) between August 22, 2025 and May 20, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 8, 2026.
SO WHAT: If you purchased Intuit securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit’s previously issued full year (“FY”) 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
Fastenal Company (FAST) Q2 2026 Earnings Call July 14, 2026 10:00 AM EDT
Company Participants
Dray Schreiber - Accounting Manager
Jeffery Watts - President & Chief Sales Officer
Max Tunnicliff - Senior EVP & CFO
Daniel Florness - CEO & Director
Conference Call Participants
David Manthey - Robert W. Baird & Co. Incorporated, Research Division
Ryan Merkel - William Blair & Company L.L.C., Research Division
Thomas Moll - Stephens Inc., Research Division
Christopher Snyder - Morgan Stanley, Research Division
Christopher Dankert - D.A. Davidson & Co., Research Division
Presentation
Operator
Greetings, and welcome to the Fastenal Q2 2026 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. [Operator Instructions]
It's now my pleasure to turn the call over to Dray Schreiber. Please go ahead, Dray.
Dray Schreiber
Accounting Manager
Welcome to the Fastenal Company 2026 Second Quarter Earnings Conference Call. This call will be hosted by Dan Florness, our Chief Executive Officer; Jeff Watts, our President and Chief Sales Officer; and Max Tunnicliff, our Chief Financial Officer. The call will last for up to 1 hour, and we'll start with a general overview of our quarterly results and operations with the remainder of the time being open for questions and answers.
Today's conference call is a proprietary Fastenal presentation and is being recorded by Fastenal. No recording, reproduction, transmission or distribution of today's call is permitted without Fastenal's consent. This call is being audio simulcast on the Internet via the Fastenal Investor Relations homepage, investor.fastenal.com. A replay of the webcast will be available on the website until September 1, 2026, at midnight Central Time.
As a reminder, today's conference call may include statements regarding the company's future plans and prospects. These statements are based on our current expectations, and we undertake no duty to update them. It is important to note that the company's
WESTCHESTER, Ill., July 14, 2026 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its second quarter 2026 financial results for the period ended June 30, 2026, before the market opens Tuesday, August 4, 2026.
Jim Zallie, chairman, president and chief executive officer and Jason Payant, vice president and interim chief financial officer, will host a conference call August 4 at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participants are encouraged to log on to the webcast approximately 10 minutes before the start of the presentation. A replay of the presentation will be available on the Company's website.
ABOUT INGREDION
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2025 annual net sales of approximately $7.2 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion’s Idea Labs® innovation centers around the world and more than 11,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better. Visit ingredion.com for more information and the latest Company news.
CONTACTSInvestors: Noah Weiss, 773-896-5242Media: Rick Wion, 708-209-6323
U.S. President Donald Trump arrives to an event to unveil the TrumpRx drug discount site, in the South Court Auditorium on the White House campus, in Washington, D.C., U.S., February 5, 2026.... Purchase Licensing Rights, opens new tab Read more
SummaryCompaniesSettlement would count TrumpRx purchases toward some plan deductiblesCVS must offer clients an option to opt out of rebate payment models, the FTC saidCVS said it would cap insulin out-of-pocket costs at $25 per monthNEW YORK, July 14 (Reuters) - CVS Health's (CVS.N), opens new tab Caremark has finalized a settlement with the U.S. Federal Trade Commission in which it agreed to curb use of after-market discounts known as rebates and count consumers' TrumpRx purchases toward their deductibles, an FTC spokesperson said on Tuesday.
Similar to Cigna's settlement with the FTC earlier this year, the deal would curb practices critics say contribute to high drug costs. It would also require CVS' Caremark pharmacy benefit manager to include a patient's payments through the TrumpRx drug website toward the deductibles some of its health plans require, once regulations are in place to facilitate the TrumpRx program.
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The settlement is expected to bring billions of dollars in savings on drug prices, FTC Chairman Andrew Ferguson said in a statement.
“The FTC under President Trump won’t stand for anticompetitive behavior that drives up prices for American consumers,” Ferguson said.
U.S. President Donald Trump launched TrumpRx.gov, a website offering hundreds of generic and branded drugs at a discount, in February, with a particular focus on connecting consumers with low prices for highly popular weight-loss drugs from Eli Lilly (LLY.N), opens new tab and Novo Nordisk (NOVOb.CO), opens new tab.
Health plan deductibles are the minimum spend members must reach before leveraging their coverage. TrumpRx.gov sends cash-pay customers to drugmaker websites for discounted drugs, but has operated outside of insurance, limiting its value for some American consumers.
CVS must also provide an option to clients that allows them to opt out of rebate payment models, a spokesperson for the FTC said. These rebates are paid by drugmakers to the pharmacy benefit manager and may or may not be passed on to the plan sponsor or consumer after a certain drug is dispensed.
Small pharmacies would also be given the option to be reimbursed for the actual cost of drugs they dispense plus a fee, in a bid to address complaints that pharmacy benefit managers do not fully reimburse independent local pharmacies.
“Today’s agreement advances and reinforces the changes we have already put in place and ensures affordability for families and patients across the country," said Ed DeVaney, a president at Caremark.
The decision to eliminate rebates will vary based on the client and how individual employers choose to structure their own pharmacy benefit, a spokesperson for CVS said. But the company aims to encourage its clients to pass through discounts to individual members, CVS said in a release on Tuesday.
The FTC's original lawsuit, launched in 2024, said Caremark, Cigna's (CI.N), opens new tab Express Scripts, and UnitedHealth's OptumRx (UNH.N), opens new tab forced patients to pay higher prices for insulin.
CVS reached a proposed settlement with the regulator in March, and the FTC said the deal was similar to one with Express Scripts.
Regulators have said the rebate model incentivizes companies to raise list prices and ultimately steers customers to pricier drugs.
Pharmacy benefit managers negotiate the price of drugs with manufacturers, on behalf of plan sponsors, such as employers.
CVS will also enhance its reporting on the price of drugs and member payments it receives, shift to a fee-based compensation structure, and cap out-of-pocket cost of insulin at $25 per month, the company said.
Reporting by Amina Niasse and Jody Godoy in New York; editing by Caroline Humer and Aurora Ellis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Jody Godoy reports on tech policy and antitrust enforcement, including how regulators are responding to the rise of AI. Reach her at [email protected]
, /PRNewswire/ -- CVS Caremark today announced a global settlement with the Federal Trade Commission (FTC) which further advances the company's leadership in delivering greater affordability for prescription drugs. The settlement resolves all outstanding FTC litigation and investigations related to CVS Health® (NYSE: CVS) — including its pharmacy benefits management and affiliated pharmacy businesses — involving rebate, pharmacy network contracting, and vertical integration issues.
The agreement eliminates the need for ongoing litigation and investigations and allows CVS Caremark to remain focused on delivering more value for American consumers and employers, lowering prescription drug costs, increasing transparency, and helping customers deliver affordable health care to the people they serve.
"CVS Caremark has led the industry in evolving the pharmacy benefit management model and has delivered value to our customers and clients," said Ed DeVaney, Executive Vice President CVS Health and President, CVS Caremark. "Today's agreement advances and reinforces the changes we have already put in place and ensures affordability for families and patients across the country. CVS Caremark remains committed to lowering costs and bringing greater transparency to prescription drug pricing."
The changes CVS Caremark has made, and continues to make, are lowering the cost of health care for millions of people:
Last year alone, CVS Caremark negotiated with pharmaceutical companies to save our clients and their members nearly $80 billion on their prescription drugs. As an early advocate of offering point-of-sale rebates to our clients, CVS Caremark delivered nearly $900 million in savings to 25 million Americans just last year. Through greater client adoption of point-of-sale rebates, and continued innovation, we expect to help our clients drive estimated savings of $450 million per year for each of the next 10 years. As outlined in the agreement CVS Caremark will implement a series of actions into its standard offering to commercial clients, including:
Aligning certain member cost sharing more closely with the net cost of medications after rebates to help push more savings to members at the point-of-sale Simplifying pricing structures by moving away from rebate guarantees and spread pricing Expanding transparency through enhanced reporting on drug pricing, rebates, and member payments, along with disclosure of broker and consultant compensation Expanding affordability programs for medicines, including a new offering that will cap members' insulin costs at $25 per month Promoting point-of-sale rebate passthrough as a standard option to encourage plan sponsors to share drug cost savings more directly with members at the pharmacy counter Delinking manufacturer compensation from list prices Transitioning to acquisition-based reimbursement for independent retail pharmacies to ensure reimbursements are more closely aligned with their actual costs Counting TrumpRx purchases toward member deductibles and out-of-pocket maximums where allowed by law, subject to certain conditions in the settlement CVS Caremark continues to introduce innovations that simplify the pharmacy experience and help lower prescription drug costs. These efforts include expanding automated prior authorization technology, accelerating the adoption of lower cost biosimilars through formulary strategies, and offering benefit designs that provide greater transparency and predictability in prescription pricing.
Many of the measures in the agreement align with CVS Caremark's existing affordability and transparency initiatives, including point-of-sale rebate options, flat-dollar copays, copay caps, $0 preventive drug lists, and the TrueCost™ pricing model each designed to reduce out-of-pocket costs and provide greater clarity at the drug level. These efforts also include ReducedRx®, which offers $25/month insulin at more than 60,000 network pharmacies nationwide. In addition, Aetna has been providing fully insured commercial clients with point-of-sale rebates since 2019.
CVS Caremark will begin implementing the provisions of the agreement in accordance with timelines established with the FTC and will continue working with regulators, employers, and industry partners to strengthen transparency and affordability across the pharmacy benefit system.
About CVS Health
CVS Health is a leading health solutions company simplifying health care one person, one family and one community at a time. As of March 31, 2026, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 88 million plan members. The Company also serves an estimated more than 37 million people through a broad range of health insurance products and related services. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.
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Palo Alto Networks stock is among today’s top performers. Why is PANW stock up today? IBM’s Warning About Cybersecurity Concerns Lifts the SectorFor IBM, the miss was painful. For Palo Alto Networks, the subtext was constructive. When a company of IBM’s scale and enterprise reach flags that clients are wrestling with accelerating, industry-wide security threats, it signals that demand for dedicated cybersecurity solutions is not cooling but intensifying.
That read carries added weight given Palo Alto’s position in the market. The company serves more than 80,000 enterprise customers including more than three quarters of the Global 2000, placing it at the center of a consolidation trend in which large organizations are moving away from fragmented point solutions toward unified security platforms.
As artificial intelligence accelerates across corporate infrastructure, the attack surface widens and the complexity of defending it grows, creating a durable tailwind for vendors capable of addressing network security, cloud security and security operations within a single architecture.
Critical Price Levels to Watch For PANWPANW is extended above its trend gauges, trading about 10.9% above the 20‑day SMA at $316.38 and roughly 70.2% above the 200‑day SMA at $206.12, which keeps the longer‑term trend pointed firmly higher. The bullish crossover structure also remains intact, with the 20‑day SMA above the 50‑day SMA and the golden cross that formed in May still supporting the broader uptrend narrative.
For momentum, MACD is the clearest read. It sits below its signal line and the histogram is negative, which indicates that upside pressure is cooling even as price remains elevated. In simple terms, MACD compares faster and slower trend momentum, and when it falls below the signal line it often means the rally is losing push unless buyers can re‑accelerate.
Price is also pressing into an area where stalls are common. The stock is within reach of its 52‑week high at $368.17 after setting a swing high in July, so traders will be watching to see whether follow‑through can hold above prior pivot zones.
Key Resistance: 368.00 — a round‑number area just below the 52‑week high at $368.17 where breakouts often require multiple attempts PANW Shares Are RisingPANW Price Action: Palo Alto shares were up 6.46% at $351.63 at the time of publication on Tuesday, according to Benzinga Pro.
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