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Jul 18, 2025
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Netflix Inc. gained 1.9% to $1,274.17 after the streaming media services provider reported a 48% jump in its earnings in the fiscal second quarter ending in June.
Consolidated revenue in the quarter increased 16% to $11.1 billion from $9.6 billion, net income jumped to $3.1 billion from $2.1 billion, and diluted earnings per share rose 47% to $7.19 from $4.88 a year ago.
Netflix estimated annual revenue to range between $44.8 and $45.2 billion, compared to the previous range between $43.5 and $44.5 billion. -
BlackRock Inc. gained 1.7% to $1,100.54 after the global investment management company reported a 13% rise in its earnings in the latest quarter.
Consolidated revenue in the quarter increased to $5.4 billion from $4.8 billion, net income jumped to $1.7 billion from $1.5 billion, and diluted earnings per share rose 2% to $10.19 from $9.99 a year ago.
A 13% increase in annual revenue was driven by the positive impact of markets, organic base fee growth, and fees related to the GIP transaction, as well as higher technology services and subscription revenue, partially offset by lower performance fees.
On July 1st, the company completed the purchase of HPS Investment Partners, which added $165 billion in client assets under management and $118 billion in fee-paying assets.
The asset management company's long-term net inflows decreased 9.8% from a year ago to $46 billion in the quarter because of a $52 billion outflow of a lower-fee index fund by the client.
Chairman and CEO Laurence D. Fink said, “Our expanding client relationships are resonating in higher, more diversified organic base fee growth. We generated 6% organic base fee growth for the second quarter and the first half of 2025 and 7% over the last twelve months."
The company's assets under management increased to $12.5 trillion. -
Morgan Stanley dropped 3.3% to $136.97 after the investment bank reported fiscal second quarter results ending in June.
Revenue in the quarter increased 12% to $16.8 billion from $15.0 billion, net income advanced to $3.5 billion from $3.1 billion, and diluted earnings per share rose to $2.13 from $1.82 a year ago.
Wealth management revenue surged to $7.7 billion from $6.8 billion, and institutional securities revenues advanced to $7.6 billion from $6.9 billion a year ago, respectively.
The chairman and chief executive officer said, “Wealth continues to deliver, adding $59 billion of net new assets and $43 billion of fee-based flows.
Total client assets across Wealth and Investment Management reached $8.2 trillion.
The firm repurchased $1.0 billion of its outstanding common stock during the quarter as part of its Share Repurchase Program.
The Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2025.
The company declared a $1.00 quarterly dividend per share, an increase of 7.5 cents, payable on August 15 to shareholders of record on July 31. -
Taiwan Semiconductor Manufacturing Company increased 3.1% to $244.96 after the chip manufacturer reported sharply higher sales and earnings in the second quarter.
The company's sales surged more than 38%, and net income advanced 61%, driven in large part because of solid demand for its advanced chips used in artificial intelligence applications.
Revenue climbed to NT$933.8 billion from NT$673.5 billion, net earnings soared to NT$398.3 billion from NT$247.8 billion, and diluted earnings per share increased to NT$15.36 from NT$9.56 a year ago.
TSMC guided third-quarter revenues to be between $31.8 billion and $33.0 billion, an increase of 38% from a year ago and a rise of 8% from the second quarter.
The company estimated a gross profit margin between 55.5% and 57.5% and an operating profit margin between 45.5% and 47.5%. -
GE Aerospace advanced 0.6% to $267.77 after the industrial engineering company reported a 54% increase in net income in the June quarter.
Consolidated revenue in the quarter increased to $11 billion from $9.1 billion, net income jumped to $2 billion from $1.3 billion, and diluted earnings per share rose to $1.89 from $1.15 a year ago.
For the six-month period, revenue advanced to $21 billion from $18 billion, net income soared to $4 billion from $3.1 billion, and diluted earnings per share edged higher to $3.73 from $2.55 a year ago.
The company plans to increase its capital return to shareholders by 20% between 2024 and 2026, reaching around $24 billion.
After 2026, it expects to keep returning at least 70% of its free cash flow to shareholders through dividends and stock buybacks.
GE Aerospace guided full-year revenue to be between $7.8 billion and $8.5 billion and diluted earnings per share between $5.10 and $5.80.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, “The GE Aerospace team delivered an excellent second quarter with free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS. We are raising our 2025 guidance."
The company's order backlog at the end of the quarter increased to $175 billion. -
Goldman Sachs Group Inc. increased 0.4% to $704.68, and the investment bank reported a surge in trading revenue because of the tariff-linked market volatility.
Revenue increased 15% to $14.6 billion from $12.7 billion, net income advanced to $3.7 billion from $3.0 billion, and diluted earnings per share rose to $10.91 from $8.62 a year ago.
Investment banking revenue increased to $2.1 billion from $1.7 billion, market-making revenue rose to $4.7 billion from $4.3 billion, investment management revenue jumped to $2.8 billion from $2.5 billion, and net interest income advanced to $3.1 billion from $2.0 billion a year ago, respectively.
The average annualized return on common shareholders’ equity was 12.8% for the second quarter and 14.8% for the first half of 2025.
Book value per common share increased by 1.6% during the second quarter and by 3.9% during the first half of 2025 to $349.74. -
Morgan Stanley dropped 3.3% to $136.97 after the investment bank reported fiscal second quarter results ending in June.
Revenue in the quarter increased 12% to $16.8 billion from $15.0 billion, net income advanced to $3.5 billion from $3.1 billion, and diluted earnings per share rose to $2.13 from $1.82 a year ago.
Wealth management revenue surged to $7.7 billion from $6.8 billion, and institutional securities revenues advanced to $7.6 billion from $6.9 billion a year ago, respectively.
The chairman and chief executive officer said, “Wealth continues to deliver, adding $59 billion of net new assets and $43 billion of fee-based flows.
Total client assets across Wealth and Investment Management reached $8.2 trillion.
The firm repurchased $1.0 billion of its outstanding common stock during the quarter as part of its Share Repurchase Program.
The Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2025.
The company declared a $1.00 quarterly dividend per share, an increase of 7.5 cents, payable on August 15 to shareholders of record on July 31. -
Bank of America declined 0.6% to $45.49 after the financial service provider reported better-than-expected earnings.
Revenue in the second quarter advanced 4% to $26.5 billion from $25.4 billion, net income rose 3% to $7.1 billion from $6.9 billion, and diluted earnings per share soared 7% to 89 cents from 83 cents a year ago.
The company returned $7.3 billion to shareholders, $2.0 billion through common stock dividends and $5.3 billion in share repurchases, and announced plans to increase the quarterly common stock dividend 8% beginning in the third quarter.
Book value per common share rose 8% to $37.13; tangible book value per common share rose 9% to $27.71.
In the quarter, the return on average common shareholders' equity ratio was 10.0%; the return on average tangible common shareholders' equity ratio was 13.4%.
“We delivered another solid quarter, with earnings per share up seven percent from last year.
Net interest income grew for the fourth straight quarter, reflecting eight consecutive quarters of deposit growth and seven percent year-over-year loan growth," Chairman and CEO Brian Moynihan said in a statement to investors.
"Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose," he added.
"So far this year, we have supplied more capital to our businesses and returned 40 percent more capital to shareholders in the first half of this year than last year,” reiterating the company's commitment to return capital to shareholders. -
Wells Fargo & Co. dropped 5.5% to $78.86 after the California-based bank reported fiscal second quarter results ending in June.
Consolidated revenue in the quarter edged up to $20.8 billion from $20.7 billion, net income advanced to $5.5 billion from $4.9 billion, and diluted earnings per share rose to $1.60 from $1.30 a year ago.
Chief Executive Officer Charlie Scharf commented, “As we have been investing to drive organic growth and improve the earnings capacity in each of our businesses, we have also been returning excess capital to shareholders."
During the first half of this year, the company repurchased over $6 billion of common stock, and the company plans to increase third-quarter common stock dividend by 12.5% to 45 cents from 40 cents per share. -
Citigroup Inc. gained 3.7% to $90.72 after the New York-based bank reported results for the second quarter of 2025.
Revenue decreased 7% to $20 billion from $21.7 billion, net income declined 20% to $3.2 billion from $4 billion, and diluted earnings per share fell to $1.50 from $1.96 a year ago.
The company’s operating expenses were down 2% to $13.2 billion compared to the prior year.
The company guided full-year revenue to be near the upper end of its previous guidance of $84 billion, and the company raised its dividend to 60 cents per share from 56 cents after the completion of the stress test on July 2.
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