Market Reactions to Earnings Reports: Banking Sector and Pharmaceuticals

On this episode of Stock Movers:
- Goldman Sachs (GS) shares are lower. Goldman reported its best stock-trading quarter in history with trading revenue at $4.3 billion, about $600 million more than what analysts were expecting.
- Bank of America (BofA) shares are down. The firm reported equity trading revenue at $2.1 billion. That topped expectations but it was slightly softer from the previous quarter.
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.

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