Stock Movers Goldman Sachs Lower, Bank of America Drops, Johnson & Johnson Rises After Earnings
Jul 16, 2025
Goldman Sachs reports record trading revenues but sees stock prices dip. Bank of America also struggles despite exceeding equity trading expectations. In contrast, Johnson & Johnson's shares soar after strong quarterly sales and an optimistic full-year outlook. The podcast delves into the contrasting fortunes in the banking and pharmaceutical sectors following their earnings announcements.
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Goldman's Trading Success Seen As Priced In
- Goldman Sachs reported its best stock trading quarter with $4.3 billion in revenue, surpassing estimates by $600 million.
- Despite strong results, shares fell due to already high expectations and recent record highs.
Bank of America Sees Resilient Consumers
- Bank of America's equity trading revenue of $2.1 billion topped expectations but was slightly lower than the prior quarter.
- CEO Brian Moynihan noted consumers are resilient with healthy spending and solid asset quality.
J&J Views Tariff Timeline Positively
- Johnson & Johnson beat Q2 sales expectations with $23.7 billion and raised its full-year outlook.
- The company sees a slow ramp-up to tariffs as positive, given the 18-month timeline to shift manufacturing.