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IBM Falls on Sales Miss; JPMorgan Soars on Equities Trading Beat | Stock Movers

On this episode of Stock Movers: - IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. - Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JP…

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BloombergLean L·2h ago
IBM Falls on Sales Miss; JPMorgan Soars on Equities Trading Beat | Stock Movers
On this episode of Stock Movers: - IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. - Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JP…
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IBM Falls on Sales Miss; JPMorgan Soars on Equities Trading Beat | Stock Movers

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IBM Falls on Sales Miss; JPMorgan Soars on Equities Trading Beat | Stock Movers

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