A series of big bank results kicked off the second quarter earnings season on Tuesday. <\/p>\n
JPMorgan (JPM<\/a>), the country’s largest bank, reported its biggest quarterly profit<\/a> on record, driven by a nearly $6 billion windfall from stock trading. Bank of America<\/a> (BAC), Goldman Sachs<\/a> (GS<\/a>), Wells Fargo (WFC<\/a>), and Citigroup (C<\/a>) also reported results. <\/p>\n The results showed a strong start to what’s expected to be a strong earnings season<\/a> for the S&P 500 (^GSPC<\/a>). According to FactSet data<\/a>, analysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% \u2014 above the five-year average of 16.4% and the 10-year average of 10.3%. <\/p>\n If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth. <\/p>\n Also reporting earnings this week are ASML Holding N.V. (ASML<\/a>), Johnson & Johnson (JNJ<\/a>), Morgan Stanley (MS<\/a>), BlackRock (BLK<\/a>), United Airlines Holdings (UAL<\/a>), Taiwan Semiconductor Manufacturing Company (TSM<\/a>), UnitedHealth Group (UNH<\/a>), GE Aerospace (GE<\/a>), and Netflix (NFLX<\/a>). <\/p>\n","protected":false},"excerpt":{"rendered":"A series of big bank results kicked off the second quarter earnings season on Tuesday. JPMorgan (JPM), the…\n","protected":false},"author":2,"featured_media":801542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[9432,45,49,48,101684,17496,59685,282211],"class_list":["post-801541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank-of-america","tag-business","tag-ca","tag-canada","tag-earnings-season","tag-goldman-sachs","tag-quarterly-profit","tag-reported-results"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=801541"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/801542"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=801541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=801541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=801541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}