JPMorgan’s 2nd-Quarter Profit Beats Expectations
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Doctors widely consider vaccines to be a money pit. Research shows that most pediatricians either break even or lose money on shots. One 2017 study found that nearly a quarter of family medicine providers and 12 percent of pediatricians stopped purchasing vaccines because of prohibitive costs.
The bank reported a second-quarter profit of $4.02 billion, or $1.96 a share, compared with $3.22 billion, or $1.52 a share, in the year-ago period. Analysts polled by FactSet expected $1.61 per share in earnings.
(Reuters) -JPMorgan Chase's profit fell in the second quarter, reflecting a difficult comparison to last year when the bank had recorded a one-time accounting gain.
BNY's profit jumped in the second quarter, the Wall Street bank reported on Tuesday, driven by higher interest income and fee revenue growth, as client portfolios swelled due to a recovery in the equity market.
Citigroup, the third-largest U.S. bank by assets, reported second-quarter net income of $4 billion, up 25% from a year earlier. The bank said higher revenue drove the earnings jump, partially offset by increases in the cost of credit and expenses.
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Many important names like HDFC Life, ICICI Lombard, ICICI Prudential Life Insurance Company, HDB Financial Services Ltd, Himadri Speciality Chemical, General Insurance Company, and Bank of Maharashtra,
India's ICICI Lombard General Insurance reported a nearly 29% higher first-quarter profit on Tuesday, driven by higher premium income in its retail health insurance and motor segments. The non-life insurer reported a profit after tax of 7.
FTSE 100 housebuilder Barratt Redrow tumbled on Tuesday, after legacy costs hit profits, and trouble in London saw completions fall short of forecast.
TSMC, the world's main producer of advanced AI chips, is expected to post a 52% jump in second-quarter profit to record levels, though U.S. tariffs and a strong Taiwan dollar could weigh on its outlook.
Stocks and bonds have whipsawed since April, when U.S. President Donald Trump stunned markets by announcing sweeping tariffs against major trading partners. Volatility tends to help Wall Street trading desks as clients rush to adjust their portfolios.