Corporate publications are starting, particularly in the United States with several major banks. Apple and Goldman Sachs team up to launch a "buy now, pay later" service. The United Kingdom's antitrust approves AstraZeneca 's $39 billion acquisition of Alexion.
Citigroup reported a better-than-expected quarterly profit on Wednesday as the economic recovery allowed the bank to reduce provisions for potential defaults and offset a drop in net banking income due to lower transactions and lending.
Wells Fargo reported a profit in the second quarter thanks to provision reversals, while expenses related to its business practices scandal stabilized.
Bank of America saw its profit almost triple in the second quarter, thanks in particular to the reversal of provisions set aside last year, but its lending activities remain penalized by the low interest rate environment. The share of the American bank falls by 2% in pre-trade.
Blackrock largely exceeded expectations on Wednesday with a 28% jump in second-quarter profit and a new record in assets under management, at $9.490 trillion. However, the world's leading asset manager lost 1.5% in pre-market trading.
LG Chem will invest $8.7 billion to boost its battery division.