JPMorgan Chase reported its highest quarterly profit ever as the second-quarter equities haul climbed 86% from a year earlier to $6.03 billion. Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC examines the results on "Bloomberg Surveillance."
Fastenal (NASDAQ:FAST) reported second-quarter revenue of $2.39 billion and earnings per share of $0.33.
Bank of America (NYSE:BAC) reported second-quarter earnings per share of $1.21 on $31.6 billion in total revenue.
JPMorgan Chase (NYSE:JPM) reported a second-quarter earnings per share of $7.70 on $57.35 billion in total revenue.
Wells Fargo (NYSE:WFC) reported a 17% increase in net income to $6.41 billion for the second quarter.
Spero Therapeutics (NASDAQ:SPRO) licensed SP001 from Innovent Biologics in an agreement valued at approximately US$1.1 billion.
NextCure (NASDAQ:NXTC) agreed to merge with privately held Avere Therapeutics in an all-stock transaction supported by a concurrent $320 million private placement.
Beam Global (NASDAQ:BEEM) reported preliminary Q2 2026 revenue above $8.5 million, up more than 170% sequentially and over 20% annually.
AngioDynamics (NASDAQ:ANGO) reported fiscal fourth-quarter revenue of $86.6 million, up 8%, as Med Tech growth offset a wider $11.4 million GAAP net loss.
Unity Bancorp (NASDAQ:UNTY) reported second-quarter net income of $14.5 million, or $1.42 per diluted share, compared with US$14.3 million and US$1.40 in the previous quarter.
SemiLEDs (NASDAQ:LEDS) reported fiscal Q3 2026 revenue of $9.1 million and net income of $1.5 million, reversing the previous quarter’s loss.
Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action. Bloomberg's Ven Ram reports.
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