12:01 PM EDT, 04/15/2024 (MT Newswires) -- Wall Street's major market indexes were all up in late-morning trading following some strong earnings releases and hot retail sales figures.

In company news, Tesla (TSLA) has told employees it intends to lay off more than 10% of its workforce worldwide, Electrek reported Monday, citing an internal company-wide email. Separately, Senior Vice President Drew Baglino resigned, Bloomberg reported, citing people familiar with the matter. Tesla shares were down 2.7%.

Goldman Sachs' ( GS ) first-quarter earnings topped market expectations, driven by double-digit gains in investment banking fees. Per-share earnings were $11.58 for the quarter, up from $8.79 a year earlier and above the Capital IQ-polled consensus of $8.68. Revenue jumped 16% year over year to $14.21 billion, topping the Street's estimate of $12.93 billion. Goldman Sachs ( GS ) shares were up 3.8%.

Charles Schwab ( SCHW ) reported smaller-than-expected declines in first-quarter earnings results Monday, as asset management and bank deposit fee growth, as well as lower expenses, helped to counter net interest and trading revenue weakness. Revenue dipped to $4.74 billion in the quarter from $5.12 billion a year earlier, but topped the $4.71 billion consensus on Capital IQ. Adjusted earnings per share fell year over year to $0.74 from $0.93 but beat the Street's expectation by a penny. Shares of Charles Schwab ( SCHW ) were up 4.1%.

M&T Bank ( MTB ) reported first-quarter net operating earnings of $3.09, down from $4.09 a year earlier and below the Capital IQ consensus of $3.12 normalized EPS. Revenue was $2.26 billion in the first quarter, down from $2.41 billion a year ago but in-line with the consensus estimate of analysts polled by Capital IQ. Shares of the bank were trading up 5.6%.

Apple ( AAPL ) lost the top spot in the global smartphone market to Samsung after its first-quarter shipments fell by about 10%, data from research firm IDC showed on Sunday. Apple ( AAPL ) shipped over 50.1 million units in Q1, down from 55.4 million a last year, IDC said. The company's market share dropped to 17.3% from 20.7%. Apple ( AAPL ) shares were down 0.7%.

Clearlake Capital Group sent a letter on Sunday to the Blackbaud ( BLKB ) board with a new non-binding buyout offer of $80 per share, according to a Monday filing with the US Securities and Exchange Commission. Blackbaud ( BLKB ) said Monday it will "carefully evaluate" the offer. Shares of Blackbaud ( BLKB ) were trading up 3.1%.