With Q3 earnings season hitting high gear this week, we’ve got plenty of notable stocks reporting before the bell today, including many large financial institutions on Wall Street.
Goldman Sachs (NYSE:GS) GS saw net earnings rise 58% ($800 million) in the quarter, posting a big beat on the bottom line: $4.88 per share compared to $3.86 expected. Goldman credited big gains in trading and equity businesses. Shares are up roughly 1.5% in pre-market trading. Click here for more.
Aside from the big banks, Johnson & Johnson (NYSE:JNJ) JNJ beat estimates by 2 cents to $1.68 per share, as well as raised its guidance for the full year. Even still, we see shares trading down a tad in the early market. Click here for more.
The biggest mover in the pre-market is Netflix (NASDAQ:NFLX) NFLX, which posted a giant positive surprise after the closing bell yesterday on big subscriber adds domestically and overseas. Shares are up 19% at this hour. Original programming, such as the Colombian Pablo Escobar saga Narcos, remains a growth driver for the entertainment services company. Click here for more.
Consumer Price Index for September
September’s CPI results were also released this morning, in-line at +0.3% month over month, and +1.5% year over year. Subtracting often-volatile food and energy costs, September’s month over month read is +0.1%, +2.2% year over year. The reason these costs are stripped out makes sense when you see gasoline prices rose 5.8% in last month’s CPI report.
Does this resemble inflationary pressure? According to Fed Vice Chair Stanley Fischer yesterday said the Fed believes U.S. inflation (and employment, by the way) “pretty much met expectations.” This points more directly to a Fed interest rate rise before the end of the year (25 basis points), but not likely until after the U.S. election.
Original post
Zacks Investment Research
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
More Action In Q3 Earnings Season
Published 10/17/2016, 10:31 PM
Updated 07/09/2023, 06:31 AM
More Action In Q3 Earnings Season
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.