Nvidia earnings, inflation and retail results set the week’s market agenda
Nvidia reports Wednesday alongside key software names, July PCE inflation and a broad retail earnings slate, with bond-market stress still in focus.
Nvidia reports Wednesday alongside key software names, July PCE inflation and a broad retail earnings slate, with bond-market stress still in focus.
First-half pretax profit rose 17% to £6.1 billion and equities revenue jumped 45%, yet the shares fell nearly 5% as Barclays forecast higher restructuring costs and remained behind Wall Street trading growth.
Adjusted earnings reached 74 cents a share versus a 59-cent estimate, as a 41.5% copper-price increase offset steep production declines and $363 million of Grasberg repair costs.
Fifth Third Bancorp posted higher second-quarter profit as net interest income expanded sharply, supported by the full-quarter contribution of Comerica, loan growth and deposit management. The result highlights how larger U.S. regional banks are using scale, balance-sheet repricing and fee activity to defend earnings in a complex rate environment.