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Wall Street Journal
2 hours ago
- Business
- Wall Street Journal
Handelsbanken Net Profit Misses Forecasts After Income Falls
STOCKHOLM—Svenska Handelsbanken's SHB.B -2.50%decrease; red down pointing triangle second-quarter net profit fell, missing analysts' expectations, as lower costs failed to offset a decline in income. The Swedish bank on Wednesday reported net profit of 5.49 billion Swedish kronor ($564.3 million), down from 6.79 billion kronor a year earlier. Analysts polled by FactSet had forecast 5.92 billion kronor.
Yahoo
10 hours ago
- Business
- Yahoo
SPY Attracts $1.8B as S 500 Edges Higher on Tariff Hopes
The SPDR S&P 500 ETF Trust (SPY) pulled in $1.8 billion Monday, bringing its assets under management to $641.2 billion, according to data provided by FactSet. The inflows came as the S&P 500 added 0.1% and the Nasdaq Composite rose 0.3% despite President Donald Trump announcing 30% tariffs on the European Union and Mexico over the weekend. The iShares Bitcoin Trust ETF (IBIT) attracted $953.5 million as Bitcoin reached fresh records above $123,000, while the iShares Core MSCI EAFE ETF (IEFA) collected $647.3 million. The iShares Broad USD High Yield Corporate Bond ETF (USHY) gained $371.7 million, and the iShares Core S&P 500 ETF (IVV) pulled in $313.4 million. The Invesco QQQ Trust (QQQ) saw outflows of $1.5 billion, while the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) lost $432.1 million. The Health Care Select Sector SPDR Fund (XLV) experienced outflows of $351.5 million. U.S. equity ETFs attracted $1.4 billion for the day, while U.S. fixed-income ETFs gained $803.9 million. International equity ETFs pulled in $1.1 billion. Overall, ETFs collected $5.3 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 1,777.93 641,229.28 0.28% IBIT iShares Bitcoin Trust ETF 953.52 84,196.73 1.13% IEFA iShares Core MSCI EAFE ETF 647.25 142,694.30 0.45% USHY iShares Broad USD High Yield Corporate Bond ETF 371.73 24,630.90 1.51% IVV iShares Core S&P 500 ETF 313.41 630,958.78 0.05% IWM iShares Russell 2000 ETF 255.10 66,659.08 0.38% SLV iShares Silver Trust 250.41 18,040.07 1.39% AVDV Avantis International Small Cap Value ETF 242.06 10,464.45 2.31% VCSH Vanguard Short-Term Corporate Bond ETF 214.31 34,505.48 0.62% GQGU GQG US Equity ETF 202.11 202.11 100.00% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I -1,524.43 351,838.33 -0.43% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -432.12 28,725.50 -1.50% XLV Health Care Select Sector SPDR Fund -351.48 33,629.54 -1.05% VB Vanguard Small-Cap ETF -338.86 64,405.89 -0.53% VWOB Vanguard Emerging Markets Government Bond ETF -323.90 4,890.68 -6.62% TLT iShares 20+ Year Treasury Bond ETF -291.45 47,077.40 -0.62% DIA SPDR Dow Jones Industrial Average ETF Trust -177.50 38,204.78 -0.46% SMH VanEck Semiconductor ETF -129.40 27,444.53 -0.47% ARKK ARK Innovation ETF -119.32 6,942.24 -1.72% SOXL Direxion Daily Semiconductor Bull 3x Shares -102.18 14,231.11 -0.72% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 2.04 10,229.01 0.02% Asset Allocation 7.97 25,245.31 0.03% Commodities ETFs 492.98 223,765.76 0.22% Currency 1,233.05 171,287.33 0.72% International Equity 1,064.22 1,888,846.27 0.06% International Fixed Income 577.16 306,168.02 0.19% Inverse 100.99 14,181.49 0.71% Leveraged -417.35 145,610.96 -0.29% US Equity 1,387.92 7,215,245.58 0.02% US Fixed Income 803.85 1,702,397.59 0.05% Total: 5,252.83 11,702,977.33 0.04% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Wall Street Journal
11 hours ago
- Business
- Wall Street Journal
J.B. Hunt Profit Falls Due to Higher Expenses
J.B. Hunt Transport Services JBHT -2.19%decrease; red down pointing triangle logged lower earnings in the second quarter as medical expenses, insurance costs and driver wages rose. The Lowell, Ark., trucking and logistics company on Tuesday posted a profit of $128.6 million, or $1.31 a share, in the quarter ended June 30, compared with $135.9 million, or $1.32 a share, a year earlier. Analysts polled by FactSet expected earnings of $1.29 a share.
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Why Shares of Wells Fargo Are Sinking Today
Key Points Wells Fargo reported its second-quarter earnings this morning. The bank beat earnings and revenue estimates. However, management also lowered full-year guidance for net interest income. 10 stocks we like better than Wells Fargo › Shares of Wells Fargo (NYSE: WFC) are trading roughly 5.5% lower as of 10:44 a.m. ET today after the bank reported earnings results for the second quarter of the year earlier this morning. Lowering net interest income guidance Wells Fargo reported earnings per share of $1.60 on total revenue of roughly $20.8 billion. EPS beat FactSet estimates easily, while revenue came in slightly higher than estimates. However, the stock sank after management lowered its full-year guidance for net interest income (NII), which is one of the larger sources of revenue at banks. NII is essentially the difference between the money banks make on interest from loans and other assets and what they pay out in interest on deposits and other funding sources. Management is guiding for 2025 NII of roughly $47.7 billion, in line with 2024 NII. However, in the first quarter, management guided for 2025 NII to increase 1% to 3% from 2024 levels. The decline is due to lower NII in the bank's markets business, which management says will be offset by higher fee income. Not too concerned Wells Fargo had been trading close to a five-year high valuation at just under 2 times tangible book value, a term referring to a bank's net worth, so there was little margin for error. Ultimately, though, I am not overly concerned about lower NII guidance, especially because NII can be volatile and the decline should be offset by higher fee income. On a positive note, credit metrics improved from the first quarter, so I think investors can buy the dip here due to a favorable backdrop for the large-cap financials. Should you invest $1,000 in Wells Fargo right now? Before you buy stock in Wells Fargo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Wells Fargo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Yahoo
16 hours ago
- Business
- Yahoo
Why Shares of Wells Fargo Are Sinking Today
Wells Fargo reported its second-quarter earnings this morning. The bank beat earnings and revenue estimates. However, management also lowered full-year guidance for net interest income. 10 stocks we like better than Wells Fargo › Shares of Wells Fargo (NYSE: WFC) are trading roughly 5.5% lower as of 10:44 a.m. ET today after the bank reported earnings results for the second quarter of the year earlier this morning. Wells Fargo reported earnings per share of $1.60 on total revenue of roughly $20.8 billion. EPS beat FactSet estimates easily, while revenue came in slightly higher than estimates. However, the stock sank after management lowered its full-year guidance for net interest income (NII), which is one of the larger sources of revenue at banks. NII is essentially the difference between the money banks make on interest from loans and other assets and what they pay out in interest on deposits and other funding sources. Management is guiding for 2025 NII of roughly $47.7 billion, in line with 2024 NII. However, in the first quarter, management guided for 2025 NII to increase 1% to 3% from 2024 levels. The decline is due to lower NII in the bank's markets business, which management says will be offset by higher fee income. Wells Fargo had been trading close to a five-year high valuation at just under 2 times tangible book value, a term referring to a bank's net worth, so there was little margin for error. Ultimately, though, I am not overly concerned about lower NII guidance, especially because NII can be volatile and the decline should be offset by higher fee income. On a positive note, credit metrics improved from the first quarter, so I think investors can buy the dip here due to a favorable backdrop for the large-cap financials. Before you buy stock in Wells Fargo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Wells Fargo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Wells Fargo is an advertising partner of Motley Fool Money. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Wells Fargo Are Sinking Today was originally published by The Motley Fool
