NEW YORK -- Bank of America (BAC) reports second-quarter earnings Wednesday before the bell and analysts expect the Charlotte, N.C.-based banking giant to report a profit of 14 cents a share in the June-ended period on revenue of $22.87 billion.
American Express (AXP), like Bank of America a component of the Dow Jones Industrial Average, is expected by analysts Wednesday to post profit of $1.09 a share in the second quarter on revenue of $8.09 billion, up from year-earlier earnings of $1.07 a share on revenue of $7.62 billion.
Intel (INTC), the world's biggest semiconductor company, delivered an above-consensus profit for the second quarter but tempered revenue expectations for the full year. "As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment," said Paul Otellini, the company's president and CEO, in a press release. "With a rich mix of Ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we're making in our product and manufacturing areas, we are well positioned for this year and beyond." Intel Gets Earnings Beat But Lowers Guidance
Yahoo! (YHOO) posted quarterly earnings Tuesday that topped expectations, but revenue came in a bit light. New CEO Marissa Mayer wasn't on the Internet company's earnings conference call. Yahoo! Earnings: Blog Recap
Credit Suisse (CS), the Swiss bank, raised 8.7 billion Swiss francs ($8.9 billion) to bolster its capital base. The bank also said second-quarter net profit rose 2.6% to 788 million francs from 768 million francs a year earlier.
Companies set to report their quarterly results before the opening bell include A.O. Smith (AOS), Abbott Laboratories (ABT), Bank of New York (BK), Honeywell (HON) and U.S. Bancorp (USB). eBay (EBAY), Qualcomm (QCOM) and Yum! Brands (YUM) report after Wednesday's closing bell. 6 Stocks Benefiting From Lower Gas Prices
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV