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Goldman Sachs, Morgan Stanley and Bank of America Continued The Strong Trend With Their Second Quarter Financials
On Monday, bank earnings continued with The Goldman Sachs Group Inc (NYSE:GS), also joining the trend of topped profit and revenue estimates on the back of better-than-expected fixed income results
Netflix executives interpret Q2 financial reports: free cash flow is expected to remain around $6 billion this year.
Netflix announced its Q2 financial report today. Its revenue was $9.559 billion, a YoY growth of 16.8%. Its net income was $2.147 billion, a YoY growth of 44%. Its EPS was $4.88, a growth from $3.29 in the same period last year. Netflix's Q2 revenue and EPS exceeded Wall Street analysts' expectations. The total number of paid subscribers for global streaming services also exceeded expectations. Netflix's forecast for Q3 EPS exceeded expectations, but its forecast for revenue did not meet expectations. After the financial report was released,
Top 20 US stock trading volume on July 18: a well-known analyst said that orders for the Apple iPhone 16 may not have increased.
On Thursday, Nvidia, the top-performing stock in trading volume, rose 2.8%, partially recovering from the huge losses suffered on Wednesday, with a transaction value of $38.113 billion. As of the close of trading on Thursday, the stock had fallen more than 6.3% and may record a decline this week. Tesla, in second place, rose 0.29%, with a transaction value of $27.806 billion. According to the California New Car Dealers Association (CNCDA), Tesla's sales in California in the second quarter of 2024 sharply fell by 24%. The CNCDA reported on Thursday that Tesla's car registration in California has dropped 17% so far this year compared to last year, despite Tesla's.
Fed's Lael Brainard calls for raising the federal deposit insurance limit for deposit insurance companies.
Lorie Logan, president of the Federal Reserve Bank of Dallas, said that the current federal deposit insurance limit may be too low, especially after last year's turmoil in the US banking system. She said that since Congress last raised the limit to $250,000 in 2008, the economy has grown significantly, and added that if the limit were increased in line with nominal GDP, today's limit would be close to $500,000. The need for protection after the collapse of Silicon Valley Bank and Signature Bank also indicates that this limit is too low. Logan said in a speech at a meeting of the Federal Reserve Bank of Dallas on Thursday, "This is obviously in the bank."
Bank of America Options Spot-On: On July 18th, 257.19K Contracts Were Traded, With 3.37 Million Open Interest
On July 18th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 257.19K options for the day, of which put options accounted for 45.7% of the total transactions,
10 Financials Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
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