Stock Movers Bank Earnings; Nvidia Up on Chip Reversal; BlackRock Slips
Jul 15, 2025
JPMorgan Chase surprises with a strong second quarter, thanks to rising investment-banking fees, while Wells Fargo lowers its full-year net interest income guidance amidst a sluggish market. Citigroup celebrates its best trading quarter in five years, driven by record revenues. Meanwhile, Nvidia rallies after receiving positive news about AI chip exports to China, signaling a possible turnaround amidst shifting trade policies. Tune in for a lively discussion on these market movements and their implications!
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Nvidia's Chip Sales Policy Reversal
- Nvidia received a policy reversal allowing sales of its H20 AI chip to China, potentially adding billions to its revenue.
- This change reflects a possible warming in U.S.-China relations regarding advanced technology sales.
JPMorgan Surprises With Gains
- JPMorgan Chase saw a 7% rise in investment banking fees despite analysts expecting a 14% drop.
- Their fixed-income and equity trading had their best second quarter ever, signaling improving market sentiment.
Wells Fargo Faces Interest Headwinds
- Wells Fargo lowered its full-year net interest income guidance after posting tepid growth and missing estimates.
- Despite this, its credit quality improved with net charge-offs dropping 23% year-over-year.