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Earnings Season: Searching for a return on Google stock

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Seasoned equity trader Serge Berger gives us an update on Earnings Season. te highlights so far have been the two big US banks: J.P. Morgan and Wells Fargo. Serge picks out the key points from the financials and looks ahead to Google.

Highlights of two of the biggest US banks

J.P. Morgan Q2 profit up 5.2% - USD 5.78 billion
J.P. Morgan stock price rose around 1%
J.P. Morgan EPS USD 1.54
J.P. Morgan equity trading revenue up 27%

Wells Fargo Q2 profits slip
Wells Fargo net income down – USD 5.36 billion
Wells Fargo revenue up 1% - USD 21.3 billion

Wells Fargo Q2 EPS USD 1.03

Google forecast highlights

Google Q2 revenue growth expected to rise
Google Q1 revenues grew by 12%
Google has 65% share of search engine market