Earnings on StockTwits
- kileyay
- July 17th, 2009
While CNBC underreported Google’s 2Q revenues by a billion bucks, rogue reporting reigns. The StockTwits stream is rife with earnings talk. This morning, traders digest releases from General Electric, Bank of America, and Citigroup.
Credit losses were the rule.
General Electric Co. said Friday quarterly profit fell 47%, with credit defaults dragging.
Credit losses were the story with Bank of America, which reported earnings of $3.2 billion.
Citigroup reported a $4.3 billion 2Q profit thanks to gains on its Smith Barney deal, though its primary banking businesses continue to suffer from, yes, credit losses.
Continue to watch the StockTwits stream for more from our tireless tape-side analysts.
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