11 Stocks to Watch: Bank of America, Goldman

NEW YORK (TheStreet) -- Bank of America (BAC) reported a second-quarter loss of 90 cents a share, in line with analysts' expectations. During the same time last year, Bank of America reported profit of 27 cents a share.

Shares were down 0.8% to $9.64 in premarket trading Tuesday.

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Goldman Sachs(GS) posted second-quarter profit $1.85 a share, below the consensus target of $2.27 a share but above last year's earnings of 78 cents a share.

Shares of the financial services firm were tumbling 3% to $125.50.

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Tech bellwether IBM(IBM) earned $3.09 a share in the second quarter, up from $2.62 cents a share in the prior year's quarter, beating analysts' forecasts of $3.03 a share.

IBM shares were gaining 1.7% to $178.30.

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Bank of New York Mellon(BK) reported second-quarter earnings of 59 cents a share, beatings analysts' estimates of 56 cents a share. The company reported earnings of 54 cents a share in the year-ago period.

Shares were advancing 1.1% to $24.90.

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iPad maker Apple(AAPL) is expected to post third-quarter profit of $5.85 a share Tuesday after the markets close. The company reported $3.51 a share last year.

Shares were adding 1.1% to $377.94.

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UnitedHealth(UNH) said Tuesday it earned $1.16 a share in the second quarter versus the average analyst estimate of 94 cents a share. UnitedHealth earned 99 cents a share a year earlier.

Revenue in the quarter rose to $25.23 billion vs. the consensus estimate of $25.24 billion and $23.26 billion a year earlier.

The managed care company raised its outlook for 2011.

Shares were down 0.9% to $51.50.

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Wells Fargo(WFC) reported second-quarter profit of 70 cents a share Tuesday morning vs. the consensus estimate of 68 cents a share and last year's profit of 55 cents a share.

Shares were up 0.8% to $27.10.

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Soda giant Coca-Cola(KO) reported second-quarter earnings of $1.17 versus the average analyst estimate of $1.16. Earnings per share were $1.06 a year ago.

Shares were rising 0.5% to $67.48.

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Networking giant Cisco(CSCO) said it will cut 11,500 people, or 16% of its work force, through job cuts, buyouts and a manufacturing outsourcing deal with Foxconn.

Shares were up 0.5% at $15.51.

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Consumer products giant Johnson & Johnson(JNJ) reported second-quarter profit of $1.28 a share Tuesday. The average analyst estimate was $1.24 a share. The company reported earnings of $1.21 a year ago.

J&J maintains its full-year earnings guidance at $4.90 to $5 a share.

Shares were up 0.2% to $67.20.

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Internet company Yahoo!(YHOO) is expected to report second-quarter profit of 18 cents a share after the markets close Tuesday. During the same time last year, the company reported profit of 15 cents a share.

-- Written by Andrea Tse in New York.

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