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

Benzinga12:17 ET

Phillip Securities Downgrades Bank of America(BAC.US) to Hold Rating, Raises Target Price to $45

Phillip Securities analyst Glenn Thum downgrades $Bank of America(BAC.US)$ to a hold rating, and adjusts the target price from $40.82 to $45.According to TipRanks data, the analyst has a success

Moomoo News04:33 ET · Ratings

Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong Finance01:22 ET

Netflix executives interpret Q2 financial reports: free cash flow is expected to remain around $6 billion this year.

Netflix announced its second quarter financial report today: revenue of $9.559 billion, an increase of 16.8% year-on-year; net income of $2.147 billion, an increase of 44% year-on-year; diluted earnings per share were $4.88, a growth from $3.29 in the same period last year.

新浪科技21:18 ET

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.

環球市場播報16:52 ET

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."

環球市場播報16:33 ET