US retail sales rose 0.9% in May, a fourth straight monthly increase, signaling consumers powered ahead despite higher gasoline prices. Receipts at gas stations advanced 3.4%, helping lift the headline figure as pump prices climbed due to the Iran war, while sales excluding gas stations rose a firm 0.7%. Eleven of 13 categories posted increases, with motor vehicle sales rebounding 1.2% and online retailers rising for a fifth straight month. Control-group sales, which feed into GDP calculations, were up 0.7%, pointing to a solid rebound in consumer spending after a lackluster first quarter.
Bank of America Corp
Deutsche Bank Aktiengesellschaft
PNC Financial Services Group Inc
Target Corporation
Walmart Inc.
JPMorgan Chase & Co