On CNBC’s “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named JPMorgan Chase & Co. (NYSE:JPM) as his final trade.
Lending support to his choice, the bank, on Tuesday, reported second-quarter adjusted earnings of $6.14 per share, topping the consensus estimate of $5.79. Managed revenue rose to $58.02 billion, ahead of analysts’ expectations of $50.20 billion.
Rob Sechan, CEO of NewEdge Wealth, picked Morgan Stanley (NYSE:MS) ahead of quarterly earnings.
Wall Street expects Morgan Stanley to post quarterly earnings of $2.94 per share on revenue of $19.64 billion before the opening bell today.
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Brian Belski, founder, CEO & chief investment officer at Humilis Investment Strategies, recommended Invesco Ltd. (NYSE:IVZ), a financial stock.
Invesco will release its second quarter results on Tuesday, July 28. Analysts expect the company to report quarterly earnings at 65 cents per share on revenue of $1.33 billion.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked NVIDIA Corporation (NASDAQ:NVDA).
Nvidia shares closed higher on Tuesday after reports suggesting that the U.S. government-approved shipments of its H200 chips to China have started.
Price Action:
- JPMorgan shares rose 2.5% to close at $342.89 on Tuesday.
- Morgan Stanley shares gained 3% to settle at $227.67 during the session.
- Invesco shares gained 1.2% to close at $28.73 on Tuesday.
- Nvidia shares rose 4.1% to settle at $211.80 during the session.
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