Sector: Financials

Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.

Goldman Sachs (GS) posted better-than-expected second-quarter results on Tuesday. The bank’s revenue and EPS topped Wall Street’s estimates.

Despite its second-quarter earnings beat, JPMorgan Chase (JPM) was trading about 1.6% lower in the premarket session on Tuesday.

In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P 500 (SPY) from 3,000 to 3,200 on July 15.

AT&T’s WarnerMedia segment is planning job cuts from its ad sales unit as the company continues to reorganize the businesses it acquired.

On Monday, Citigroup (C) posted better-than-expected second-quarter results. Citigroup’s bottom line beat analysts' estimate.

The US-China trade war has paused as the two countries restart trade talks, but the lack of a timeline is keeping companies on their toes.

Many big banks in the US plan to announce their second-quarter earnings this week.

Goldman Sachs (GS) initiated its coverage on FedEx (FDX) and UPS (UPS) with “buy” ratings. Goldman Sachs argued that the stocks are too cheap to ignore.

On Sunday, Deutsche Bank announced job cuts as part of its restructuring changes, shocking thousands of its employees in London, Tokyo, and New York.