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IBM Stock Plunges 25% After Rare Q2 Earnings Warning, Worst Day Since 1987

IBM shares cratered roughly 25% on Tuesday after the company issued preliminary second-quarter results that fell short of Wall Street expectations, with revenue of $17.2 billion versus the $17.86 billion consensus. CEO Arvind Krishna attributed the miss to enterprise clients shi…

IBM Stock Plunges 25% After Rare Q2 Earnings Warning, Worst Day Since 1987
Latest Stocks News
GS Jul 15, 2026
Goldman Sachs and JPMorgan Post Record Q2 Earnings as AI-Fueled Trading Surges
Goldman Sachs and JPMorgan Chase both reported record second-quarter results on July 14, driven by surging equity trading volumes and a revival in in…
LCID Jul 15, 2026
Lucid Stock Crashes 57% on Bankruptcy Report Before Company Denial Sparks Partial Recovery
Lucid Group shares crashed as much as 57% on July 14 after an EV blog reported the company was weighing bankruptcy or going private on the advice of …
C Jul 14, 2026
Citigroup Beats Q2 EPS by 16% on Record Equities Trading, but Shares Reverse Lower
Citigroup posted Q2 2026 EPS of $3.15, beating the $2.72 consensus by 15.8%, while revenue of $24.77 billion topped estimates by 4.3% and marked the …
JPM Jul 14, 2026
JPMorgan Posts Record $21.2B Quarterly Profit, Beats EPS Estimate by 38%
JPMorgan Chase reported record Q2 2026 net income of $21.2 billion, or $7.70 per share, crushing the $5.59 consensus by 38%. Managed revenue of $58 b…
ERIC Jul 14, 2026
Ericsson Misses Q2 EPS and Revenue Estimates, Stock Falls 14% on Weak Sales and Cash Flow
Ericsson reported Q2 2026 EPS of $0.13, missing estimates by 3%, while revenue of $5.44 billion fell 3.7% short of consensus. Net sales declined 6% y…
BAC Jul 14, 2026
Bank of America Beats Q2 EPS by 7%, Trading Revenue Jumps 33%
Bank of America reported Q2 2026 EPS of $1.21, beating the $1.13 consensus by 7.1%, on revenue of $31.6 billion that topped estimates by 2.5%. Global…
WFC Jul 14, 2026
Wells Fargo Beats Q2 EPS by 16%, Fee Income and Investment Banking Drive Upside
Wells Fargo reported Q2 2026 EPS of $2.00, beating the $1.73 consensus by 16%, on revenue of $22.6 billion that exceeded estimates by 3.5%. Nonintere…
FAST Jul 14, 2026
Fastenal Tops Q2 Revenue by 2.1% on 14.7% Daily Sales Growth, but Shares Slip 3%
Fastenal reported Q2 2026 revenue of $2.39 billion, beating estimates by 2.1%, while EPS of $0.33 matched consensus. Daily sales grew 14.7% year-over…
GS Jul 14, 2026
Goldman Sachs Beats Q2 EPS by 45%, Posts Record $20.3B in Net Revenue
Goldman Sachs delivered a blowout second quarter, reporting diluted EPS of $20.98 vs. the $14.47 consensus and net revenues of $20.34 billion vs. $16…
SPY Jul 14, 2026
Fed Chair Warsh Pledges Inflation Will Be 'Thing of the Past,' Calls AI Spending Economy's Most Striking Feature
Fed Chair Kevin Warsh told the House Financial Services Committee that persistent inflation will be defeated on his watch, singling out the AI invest…
SPY Jul 14, 2026
U.S. Consumer Prices Fall 0.4% in June, Largest Monthly Drop Since April 2020
The Bureau of Labor Statistics reported that the Consumer Price Index fell 0.4% in June, the largest monthly decline since the early COVID-19 pandemi…
SPCX Jul 13, 2026
SpaceX Stock Falls 4.2% to $139, Nearing $135 IPO Price One Month After Record Debut
SpaceX (SPCX) dropped 4.2% on Monday to $139.14, its second consecutive day of losses, bringing the stock within striking distance of its $135 IPO pr…
WBD Jul 12, 2026
Oregon AG Withdraws Motion to Delay $110B Paramount–Warner Bros. Discovery Merger
Oregon Attorney General Dan Rayfield withdrew a court motion seeking to delay the closing of Paramount's $110 billion acquisition of Warner Bros. Dis…
AZN Jul 9, 2026
AstraZeneca Shares Drop 9% After Wainua Heart Drug Fails Phase 3 Trial
AstraZeneca's gene-silencing drug Wainua failed to show statistically significant improvement in cardiovascular mortality in a Phase 3 trial for tran…
GS Jul 9, 2026
Goldman Sachs Wins $70 Billion Pension Mandates From Verizon and Lockheed Martin
Goldman Sachs Asset Management has won mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin,…
MU Jul 9, 2026
SK Hynix Prices $28 Billion Nasdaq ADR Listing, Largest Since Alibaba
SK Hynix, the world's dominant supplier of high-bandwidth memory chips for Nvidia's AI accelerators, is pricing its $28 billion Nasdaq ADR offering o…
MU Jul 7, 2026
SK Hynix Targets $29 Billion Nasdaq Listing Friday in Largest Foreign ADR Sale Ever
SK Hynix is set to begin trading on Nasdaq as early as July 10 after pricing what would be the largest-ever US share sale by a foreign company at rou…
RIVN Jul 7, 2026
Rivian Sells 75 Million Shares in $1.5B Overnight Offering, Stock Drops 15%
Rivian announced a 75 million share public offering late on July 6, aiming to raise approximately $1.5 billion. The stock fell 15% the following sess…
SPCX Jul 7, 2026
Wall Street Initiates SpaceX Coverage With Overwhelmingly Bullish Ratings, Targets Up to $800
Wall Street banks that underwrote SpaceX's June IPO initiated equity research coverage on July 7 as the quiet period expired, with the vast majority …
LMT Jul 6, 2026
Lockheed Martin Leads $3.5B Bid for Advent's Ultra Maritime Naval Defense Unit
Lockheed Martin has emerged as the frontrunner to acquire Ultra Maritime, a naval defense unit owned by Advent International's Cobham Ultra business,…
STT Jul 4, 2026
Treasury Designates BlackRock, Vanguard, and State Street ETFs for Trump Baby Bond Accounts
The U.S. Treasury Department has designated five low-cost index ETFs from BlackRock, Vanguard, and State Street as the eligible investment options fo…
SPCX Jul 4, 2026
Two Congress Members Disclose First Known SpaceX Stock Purchases After Record $75B IPO
Representatives Dan Meuser (R-PA) and Gil Cisneros (D-CA) are the first known members of Congress to disclose purchases of SpaceX stock following the…
DIA Jul 3, 2026
Dow Closes at Record 52,900 on Weak June Jobs Data as Nasdaq Slides 0.8% in Chip Selloff
The Dow Jones Industrial Average surged 594.83 points to close at a record 52,900.07 on July 2 after June nonfarm payrolls came in at just 57,000 ver…
SPY Jul 2, 2026
U.S. Payrolls Miss Badly in June at 57,000 vs. 115,000 Expected, Unemployment Falls to 4.2%
The U.S. economy added just 57,000 nonfarm payrolls in June, badly missing the 115,000 consensus forecast and marking the slowest pace of job creatio…
BX Jul 2, 2026
Blackstone-Backed Jersey Mike's Files S-1 for NYSE IPO Under Ticker JMKE
Jersey Mike's Subs filed an S-1 registration statement with the SEC on July 2 for an initial public offering on the NYSE under the ticker JMKE, seeki…
TSLA Jul 2, 2026
Tesla Stock Drops 8% Despite Record Q2 Deliveries of 480,126 Vehicles
Tesla delivered 480,126 vehicles in Q2 2026, beating Wall Street consensus estimates by more than 18% and marking 25% year-over-year growth. But shar…
AAPL Jul 2, 2026
Trump Made 327 Stock Purchases the Day Before His Tariff Pause Sparked a Historic Rally
President Trump's 927-page annual financial disclosure reveals 327 stock purchases on April 8, 2025, including megacap tech names like Apple and Nvid…
ADBE Jul 2, 2026
HSBC Upgrades Adobe to Buy With $308 Target, Calls AI Fears Overblown
HSBC upgraded Adobe from Hold to Buy and raised its price target to $308 from $282, arguing that investor concerns about AI-powered rivals disrupting…
MSFT Jul 2, 2026
Magnificent 7 Stocks Shed $2.3 Trillion in June, Worst Month Since 2022
The Magnificent 7 mega-cap technology stocks — Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon — lost approximately $2.3 trillion in comb…
F Jul 2, 2026
Ford Q2 Sales Drop 10% to 549,200 Vehicles as EV Demand Craters and F-Series Supply Lags
Ford reported Q2 2026 U.S. sales of 549,200 vehicles, a 10% decline year-over-year driven by a steep drop in EV demand, model phase-outs, and constra…
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