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US Equity Markets Mixed on Tuesday After Earings From Big Banks
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US Equity Markets Mixed on Tuesday After Earings From Big Banks
Jul 15, 2025 1:45 PM

04:17 PM EDT, 07/15/2025 (MT Newswires) -- US benchmark equity indexes were mixed on Tuesday after some of the biggest banks posted uneven quarterly results and outlooks.

* Wells Fargo ( WFC ) lowered its full-year net interest income outlook despite reporting Q2 results above market expectations.

* JPMorgan Chase ( JPM ) posted stronger-than-expected Q2 earnings, supported by a rebound in investment banking as market sentiment improved. Chief Executive Officer Jamie Dimon cautioned that the US economy continues to face major risks, including trade tariffs.

* Citigroup's ( C ) Q2 results surpassed Wall Street's expectations, buoyed by trading gains and double-digit revenue growth in investment banking.

* June inflation rose with the consumer price index up 0.3% from May and 2.7% from a year earlier. Core CPI, which excludes food and energy, increased 0.2% monthly, which was slightly below expectations, and 2.9% annually, which was in line with forecasts. The data renewed concerns over the economic impact of President Donald Trump's planned 30% tariffs on goods from the EU and Mexico, set to begin Aug. 1.

* Advanced Micro Devices ( AMD ) shares rose 6.4% as the company plans to resume MI308 chip shipments to China after an export license review by the US Commerce Department.

* State Street (STT) shares fell 7.3% after Q2 earnings trailed Wall Street estimates.

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