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IBM Drops; Big Banks Report; Apple Slumps | Stock Movers
Posted
July 14, 2026
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July 14, 2026
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4:02Now PlayingToday's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- IBM (IBM) shares are plummeting after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages.
- Bank of America (BAC), JPMorgan (JPM), and Wells Fargo (WFC) all reported early this morning. Wells Fargo reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking. JPMorgan soared past all estimates on equities trading, but missed on FICC sales and trading revenue. Bank of America net interest income met estimates. Shares have oscillated in early trading.
- Apple (AAPL) shares are falling after being cut to underweight from sector weight at KeyBanc, which expects weaker device demand and service revenue growth in the US, a dynamic that makes the stock look unfavorable due to its high valuations.
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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IBM Drops; Big Banks Report; Apple Slumps
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