Banks

LPL Financial is suing its rival for allegedly sending misleading data breach notices to clients.

UnitedHealth stock falls sharply after an earnings miss and cut to guidance at the health insurer, a judge rules that Alphabet’s Google operates an illegal ad monopoly, and Nvidia extends losses following a warning it would record a massive charge from trade restrictions.

The company’s earnings and revenue topped Wall Street expectations, and Schwab said it had confidence in previously issued earnings guidance.

Cardmember spending, credit performance, and demand for the company’s premium products were strong in the first quarter, says Chief Executive Stephen Squeri.

Nvidia discloses that sales of its H20 chips to China would require a license ‘for the indefinite future’ from the U.S. Department of Commerce, AMD says a license requirement for chip exports will result in charges of up to $800 million, and ASML issues disappointing sales guidance.

The company hiked its dividend as earnings reflected a surge in investor activity during the first quarter.

The purchases are a sign of confidence despite growing concern about an economic slowdown this year.

Bank of America and Citigroup post better-than-expected first-quarter earnings, a report says China ordered a halt to Boeing jet deliveries as part of the escalating trade war with the U.S., and Tesla stock rises after its chart forms a ‘death cross.’

LPL is offering Commonwealth advisors retention bonuses and reassurances that service and workplace culture aren’t changing. Other firms are offering their own deals.

The results for the wealth unit come amid a strong profit for parent company Bank of America.

Nvidia commits $500 billion to expand U.S. AI manufacturing, Zuckerberg testifies as Meta’s antitrust trial begins, more news to start your day.

Just over $15 billion worth of investment-grade bonds have been issued in April, the slowest start to the month since 2009.

Shares of Apple and Dell Technologies rise after the Trump administration exempts smartphones, computers, memory chips, and other electronics from broad tariffs, Nvidia will for the first time make artificial-intelligence supercomputers entirely in the United States, and Goldman Sachs reports better-than-expected first-quarter earnings.

New York-based Goldman reports first-quarter profit of $4.74 billion on revenue of $15.06 billion.

Inquiry comes as Anchorage Digital highlights its status as a regulated bank and fosters ties with Trump administration officials.

Bank CEOs leave outlooks unchanged even as clouds gather, investors worried about trade are eyeing forecasts over earnings, and more news to start your day.

In a short trading week, we’ll also see earnings from J&J, Abbott Labs, and ASML. A retail sales report will be the most important economic data release against the backdrop of ongoing tariff volatility.

Investors are more eager to parse management teams’ tones about a potential downturn in their forecasts than first-quarter earnings.

Banks didn’t meaningfully change guidance for 2025.

Declining equity markets can depress the fees that advisors generate from managing clients’ assets.

JPMorgan Chase, Wells Fargo, and Morgan Stanley post better-than-expected earnings, while Apple and Nvidia trade higher even as the U.S.-China trade war intensifies.

“As tariffs are implemented, they will have negative consequences for corporate earnings over the coming months,” notes Apollo Chief Economist Torsten Slok.

JPMorgan’s researchers are developing quantum algorithms that could revolutionize the financial sector.

Morgan Stanley analyst Michael Cyprys says tariff-related market turmoil may prompt retail investors to disengage.

Wiedman will report to CEO and chairman Bill Demchak, effective immediately. Pittsburgh-based PNC is the seventh-largest U.S. bank by assets.