Earnings
UnitedHealth beats third-quarter earnings expectations and raises its 2026 outlook as medical costs ease and Optum profitability improves. Investors remain focused on shrinking Medicare enrollment and the sustainability of its recovery.
Earnings
Asset Inflows Drive BlackRock and Morgan Stanley Growth
Earnings
Bank of America shares plunged after a $1.2 billion regulatory penalty and weaker trading revenue contributed to a third-quarter earnings miss. Strong lending income offered support, but compliance costs and rising bond losses added pressure.
Earnings
Johnson & Johnson shares fell nearly 6% despite stronger-than-expected earnings and raised guidance. Slowing MedTech growth, a $5.5 billion talc litigation charge and plans to separate its orthopedics business drew investor attention.
Earnings
JPMorgan Chase reported higher third-quarter profits but missed Wall Street expectations as securities losses and rising expenses weighed on results. Strong lending, trading and wealth management revenue supported shares, while the bank raised its interest income outlook.
Earnings
Goldman Sachs, Citigroup and Wells Fargo reported higher third-quarter profits, but investors reacted differently. Trading and investment banking fueled Goldman’s results, Citi benefited from services and fixed income, while Wells Fargo faced pressure from weaker-than-expected revenue.
Innovation & Tech
Amazon is reportedly negotiating a roughly $7 billion acquisition of AI startup Decart, whose chip-flexibility software and simulation models could expand Amazon's AI capabilities. The talks come as AWS accelerates growth and Amazon increases infrastructure spending.
Earnings
Delta Air Lines cut its 2026 earnings outlook after a 62% increase in quarterly fuel costs outweighed strong premium travel and loyalty revenue. The results highlight growing pressure on airline profitability despite resilient passenger demand.
Earnings
Levi Strauss raised its full-year earnings outlook after tariff refunds lifted quarterly profits. But weaker direct-to-consumer sales, a slight revenue miss and changing denim preferences weighed on investor sentiment, sending shares lower despite strength in wholesale and international markets.
Earnings
PepsiCo reports stronger third-quarter sales and international growth but cuts its 2026 earnings outlook as inflation, weak North American demand, and margin pressure accelerate plans for structural cost reductions.
Business Trends
Lululemon is restructuring its leadership team as declining sales, rising competition and weaker margins intensify pressure on its turnaround. New executives will oversee product innovation and operations as the company works to reconnect with shoppers.
Earnings
Constellation Brands topped quarterly expectations as beer shipments and wine and spirits sales grew. But softer demand for Modelo and Corona kept attention on whether improving trends can extend beyond distributor restocking.