JPMorgan Chase (JPM.N) erased its pre-market gains and fell as much as 1.5% after releasing its Q2 earnings report.

JPMorgan Chase (JPM.N): Inflation and interest rates are likely to remain above market expectations.

Wells Fargo & Co (WFC.N) fell 6% in premarket trading after its second-quarter net interest income fell short of expectations.

JPMorgan Chase (JPM.N) had total loan book of $1.32 trillion in the second quarter, compared with market expectations of $1.32 trillion. Net interest income was $22.86 billion, compared with market expectations of $22.82 billion.

Wells Fargo (WFC.N) revenue in Q2 2024 was $20.69 billion, compared with market expectations of $20.23 billion and $20.53 billion in the same period last year. Net interest income was $11.92 billion, compared with market expectations of $12.12 billion.

Citigroup: Raised Tesla (TSLA.O) price target from $182 to $274.

Turkish Central Bank Governor: Hitting the 2024 inflation target is crucial to credibility, but it is not the ultimate goal.

After the release of its Q2 earnings report, Bank of New York Mellon (BK.N) rose 2.1% in pre-market trading.

Bank of New York Mellon (BK.N) had total deposits of $304.31 billion in the second quarter, compared with market expectations of $288.77 billion. Net interest income was $1.03 billion in the second quarter, compared with market expectations of $1.01 billion.

AT&T (TN): Call data of most mobile users was hacked on a large scale.

Lufthansa adjusted its full-year guidance and now expects full-year adjusted EBIT to be between 1.4 billion and 1.8 billion euros, compared with the previous forecast of about 2.2 billion euros. Adjusted free cash flow is expected to be significantly lower than 1 billion euros in 2024, compared with at least 1 billion euros previously.

HSBC has pushed back its forecast for the first Bank of England rate cut from August to November.

Wells Fargo (WFC.N) fell 1.5% in pre-market trading ahead of its Q2 earnings release.

EU regulators: Social media platform "X" used dark patterns to deceive users, failed to comply with transparency obligations, and blocked researchers from accessing data. If the findings are confirmed, X will be fined up to 6% of its annual turnover.

German Interior Ministry spokesman: Security measures have been stepped up in light of the current threat level. We are working closely with our international partners, especially the United States.

Kremlin: Allowing Ukraine to launch Western-supplied weapons into Russian territory would be a very dangerous escalation.

Kremlin: The most important thing is that this weapon has already struck our territory.

Kremlin: Hungarian Prime Minister Orban did not inform President Putin of his plan to meet with former US President Trump. Putin did not convey any message to Trump through Orban.

Nvidia (NVDA.O) rose 1.1% in premarket trading.