Key earnings releases. JPMorgan Chase, PepsiCo, Goldman Sachs, DNB, Fastenal, Fraport, Telekom Austria, Brunello Cucinelli, Gerresheimer, Esker...

 

  • The Swatch Group 's H1 revenues rebounded 54.4% to CHF 3.39 bn, with Ebit of CHF 402 mn exceeding expectations.
  • J.P Morgan Chase Co saw its profit jump 155% in the second quarter, a performance that exceeded expectations, thanks to its mergers and acquisitions activities and to reversals of provisions for bad debts. However, the stock is down 1.3% in premarket trading due to a 32% drop in revenues in the division that houses the trading business.
  • Goldman Sachs reported better-than-expected quarterly earnings on Tuesday, boosted by strong growth in its M&A advisory business.
  • Pepsico - The food company raised its full-year profit forecast Tuesday, saying it now expects 11% growth instead of a single-digit increase, helped by accelerating demand as health restrictions are eased. The stock is up 2% in premarket trading.
  • Conagra Brands - The owner of the Hunt ketchup brand and Marie Callender's prepared foods lowered its annual profit forecast Tuesday, saying it was due to higher raw material prices. The stock is down 4% in pre-market trading.
  • The Bank of England lifted restrictions on dividends from UK banks.
  • Broadcom is negotiating the acquisition of software company SAS Institute, according to the Wall Street Journal.
  • Moody's downgraded Credit Suisse AG 's long-term senior debt rating by one notch to "A1" from "Aa3".
  • ING Groep sells its retail bank in Austria.
  • Nokia raises its 2021 guidance.
  • The FAA reports a production issue with some of The Boeing Company's B787 aircraft.
  • Medacta reaches a settlement with Microport in a patent war.
  • The CEO of Wizz Air thinks his company could reach a fleet of 500 aircraft by 2030.
  • Elon Musk thinks Tesla would die without him.
  • Chinese regulator validates Tencent's takeover of Sogou .