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Q2 Earnings Kickoff: Delta, Big Banks, Chips, Tesla

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AI Overview

Q2 Earnings Kickoff: Delta, Big Banks, Chips, Tesla

Delta Air Lines (DAL) kicked off the Q2 earnings season on July 10, posting record revenue of $17.7 billion and earnings of $1.56 per share, surpassing its original guidance. This strong performance was driven by robust demand and growth in its premium business, offsetting higher fuel costs. Meanwhile, big banks like JPMorgan, Bank of America, and Goldman Sachs reported their second-quarter results, with JPMorgan posting its biggest quarterly profit on record, driven by a $6 billion windfall from stock trading. Expectations are high for these banks to report booming revenue from trading equities and fixed income.

The positive earnings from Delta and big banks have boosted market sentiment, with financials improving their relative rotation against the broad market. However, Oppenheimer analysts believe these banks' valuations are now priced correctly, leaving little room for upside surprises. In the coming weeks, investors will be watching earnings from streaming services, chip manufacturers, and Tesla, with the latter's July 22 report closing out the most-watched names. Additionally, the ongoing earnings season will provide further insights into the state of the U.S. economy and corporate health, which could drive market movements.

What to watch next: Tesla's Q2 earnings on July 22, earnings from streaming services and chip manufacturers in the following week, and ongoing updates from the big banks as the earnings season unfolds.
AI Overview as of Jul 14, 2026

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Last UpdatedJul 06, 2026