Morning Stock Movers: Bank of America, BlackRock, Citigroup

Morning Stock Movers: Bank of America, BlackRock, Citigroup

Assessment

Interactive Video

Business

University

Hard

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The video discusses recent earnings reports from major banks like Bank of America, JP Morgan, and Goldman Sachs, highlighting trading revenue shortfalls and higher expenses. BlackRock's earnings also disappointed due to lower-than-expected inflows. In the airline sector, Delta and American Airlines reported earnings, showing improvement but still lagging behind pre-COVID levels. Apple shares hit a record high with positive market sentiment ahead of upcoming earnings, driven by expectations of a strong iPhone cycle.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend was observed in American Airlines' earnings compared to pre-COVID levels?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the market reaction to Apple's shares ahead of their upcoming earnings?

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