It's a mixed bag. TheStreet breaks it down. Let's go bank by bank. JPMorgan JPMorgan beat revenue and earnings per share expectations, posting revenue of $29.6 billion and EPS of $2.59. Analysts were looking for $28.9 billion and $2.50. CEO Jamie Dimon mentioned the strong credit card and consumer business, saying there was strong consumer spending in the quarter. That's a great sign for the economy. Lower interest rates are still likely for July, but JPMorgan's consumer results are certainly a good sign. On the not-so-great side, the bank lowered its guidance on net interest income, or the total amount of gross profit generated from lending. That could indicate there will be fewer loans than previously expected, but it certainly reflects lower interest rates, as the Federal Reserve has indicated it will lower rates to stimulate the economy. Wells Fargo Wells Fargo reported revenue of $21.58 billion, beating expectations of $20.93 billion. Earnings per share was $1.30, beating estimates of $1.30. Management said its lending and consumer business also performed handsomely, another indication that while the U.S. economy is decelerating, it's on strong footing. Goldman Sachs Goldman Sachs beat on both top and bottom lines. Revenue was $9.46 billion, beating estimates of $8.83 billion. EPS was $5.81, better than the expected $4.89. Goldman is less directly exposed to the consumer, and its biggest business, investment banking posted strong numbers, good news for Goldman investors. Investment banking revenue was $1.86 billion, beating expectations of $1.77 billion. JPM and GS are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells these? Learn more now. What the Upcoming Earnings Season Means for Investors
Stock indexes were posting slight losses in afternoon trading on Wall Street Wednesday as a weak showing for railroad operator CSX pulled industrial companies broadly lower
A man whose family was killed in the crash of a Boeing 737 Max jet in Ethiopia accused the company of wrongful conduct and told a U.S. House subcommittee that the process to approve aircraft must be strengthened
A man whose daughter was killed when an Ethiopian Airlines Boeing 737 Max crashed in March called on legislators to end the Federal Aviation Administration's use of aircraft manufacturer employees to conduct safety inspections
Stock indexes are slightly lower in midday trading on Wall Street as a weak showing for railroad operator CSX pulled industrial companies broadly lower.
When the internet replaced newspapers as a primary way to advertise homes and other property for sale, real estate brokers learned they had to be increasingly strategic about marketing online