Major cruise operators are seeing net yield forecasts decline due to the impact of geopolitical conflicts on European travel and other company-specific headwinds, according to a new report. The sector's stock performance is now lagging the broader market for the first time since the pandemic.
JPMorgan Chase reported a second-quarter profit of $21.2 billion, or $7.70 per share, significantly higher than the prior year, driven by a strong performance in its investment banking unit amid a recovery in dealmaking.
Shares of the financial software company declined after Piper Sandler began coverage with a bearish rating and a Street-low price target, adding to a series of analyst downgrades and ongoing legal pressures.
Futures for Canada's main stock index fell Tuesday as rising geopolitical tensions in the Middle East and hawkish commentary from the U.S. Federal Reserve prompted a move away from risk assets ahead of key inflation data.
Shares of International Paper fell after BofA Securities downgraded the packaging giant to Neutral from Buy, arguing the investment case built on rising containerboard prices has now largely played out.
India's merchandise trade deficit grew to $30.4 billion in June from $28.2 billion in May, as a 31% surge in imports overshadowed a more moderate rise in exports, according to an analysis by Goldman Sachs.
Shares of the sports and entertainment company rose after Seaport Global Securities upgraded the stock to 'Buy' with a $210 price target, arguing that Middle East geopolitical risks have been overly priced in by investors.
JPMorgan Chase shares fell after its second-quarter earnings, while beating estimates, were inflated by one-time gains and the bank failed to raise its full-year guidance, disappointing investors.
Wells Fargo reported second-quarter earnings and revenue that significantly surpassed analyst forecasts, driven by a 17% year-over-year increase in net income from higher interest payments.
