IBM plunges 25% on weak preliminary earnings while Goldman Sachs jumps 7%

Earnings
โดย CNBC·Read original
Summary · why it matters

IBM plunged 25% after issuing weaker-than-expected preliminary second-quarter earnings, expecting a profit of $2.93 per share excluding certain items versus the $3.01 per share analysts polled by FactSet had anticipated. Goldman Sachs jumped 7% after posting second-quarter earnings of $20.98 per share, well above the $14.48 LSEG consensus estimate, with revenue of $20.34 billion also topping the $16.13 billion expected. CleanSpark surged 11% after securing a 20-year data center lease in Georgia totaling $6.6 billion in contracted revenue. HCA Healthcare fell more than 7% after lowering its full-year earnings guidance to between $28.70 and $30.50 per share, down from a prior forecast of $29.10 to $31.50 per share, and also reduced the top end of its 2026 revenue outlook. JPMorgan Chase rose 2% after reporting second-quarter earnings of $6.14 per share on revenue of $58.02 billion, exceeding LSEG estimates of $5.85 per share on $50.19 billion in revenue. Bank of America added 2% after beating expectations with earnings of $1.21 per share on revenue of $31.7 billion, compared to the $1.13 per share and $30.72 billion consensus. Wells Fargo fell 3% despite posting earnings of $2.00 per share on revenue of $22.62 billion, above the $1.72 per share and $21.84 billion expected. Citigroup fell 5% even after logging its best quarterly revenue in a decade, with earnings of $3.15 per share on revenue of $24.77 billion, surpassing the $2.74 per share and $23.74 billion estimates. Apple dipped 1% after KeyBanc downgraded the stock to underweight from sector weight with a $250 price target, citing potential pressure from consumer spending pullbacks. O-I Glass slumped 8% after a double downgrade to underperform from buy at Bank of America, which pointed to a recent 20% rally, challenging glass demand, and other headwinds. LM Ericsson dropped 13% after reporting revenue of 52.70 billion Swedish kronor, missing the 53.94 billion consensus estimate, though adjusted gross margin of 48.4% topped the 47.8% expected. MBX Biosciences tumbled 8% after announcing CEO Kent Hawryluk stepped down effective immediately, to be replaced by Executive Chairman Steve Hoerter.

Impact on stocks 12

Financials± Mixed · 3 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Bank of America beat earnings expectations with $1.21 EPS on $31.7B revenue.

Wells Fargo & Company
WFC
▼ NegativeCapitalrelevance

Fell despite beating earnings estimates, possibly due to market disappointment or other factors.

Digital Finance & Tokenization± Mixed · 3 stocks
Citigroup Inc.
C
▼ NegativeCapitalrelevance

Citigroup fell 5% despite best quarterly revenue in a decade, likely due to market disappointment.

CleanSpark Inc
CLSK
▲ PositiveDemandrelevance

CleanSpark secured a 20-year data center lease in Georgia with $6.6B contracted revenue.

Aging Population▼ · 1 stocks
HCA Healthcare, Inc.
HCA
▼ NegativeCapitalrelevance

Lowered full-year earnings guidance and reduced 2026 revenue outlook.

Quantum Computing▼ · 1 stocks
Materials▼ · 1 stocks
O-I Glass Inc
OI
▼ NegativeCapitalrelevance

Double downgrade by Bank of America to underperform.

Artificial Intelligence▼ · 1 stocks
Apple Inc.
AAPL
▼ NegativeCapitalrelevance

KeyBanc downgraded Apple to underweight, citing consumer spending pullback pressure.

Information Technology▲ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
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