Big Banks Beat; ASML Leads Chief Selloff | Stock Movers
July 16, 2025
168
2
1.19%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Podcasts Episodes Around July 16, 2025
See what was published immediately before and after this episode.
4:02Now PlayingBig Banks Beat; ASML Leads Chief Selloff | Stock Movers
YouTube Description
as posted by the channelOn this episode of Stock Movers:
- Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations.
- Morgan Stanley (MS) is lower despite the company's stock traders posted their best second quarter on record, earning $3.72 billion in equity-trading revenue, a 23% jump from a year ago. The firm's wealth management unit reeled in $59.2 billion of net new assets in the period, surpassing predictions, and posted $7.76 billion in net revenue, also surpassing analyst forecasts. Morgan Stanley's investment-banking fees fell 5% to $1.54 billion, a smaller drop than analysts expected, due to a 42% increase in equity underwriting, according to a statement Wednesday.
- Goldman Sachs (GS) is higher after stock traders posted the largest revenue haul in Wall Street history, with equity-trading revenue of $4.3 billion for the second quarter. CEO David Solomon: "the economy and markets are generally responding positively to the evolving policy environment," but the firm remains focused on risk management. Goldman Sachs' total management fees in asset and wealth management rose 11% compared to a year earlier, though net revenue dipped slightly to $3.78 billion.
- ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year. Lam Research (LRCX) is also lower on the ASML news.
See omnystudio.com/listener () for privacy information.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Check out more episodes of Stock Movers
Follow Bloomberg Podcasts on Twitter
Visit our other YouTube channels:
Bloomberg Television
Bloomberg Originals
For coverage on news, markets and more
#Stocks #Markets #Finance #Investing #Podcast #Bloomberg
Big Banks Beat; ASML Leads Chief Selloff
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.