— Shares of the major banks all fell amid a massive drop in global bond yields. The benchmark 10-year Treasury yield fell to its lowest level in nearly three years. In Germany, the 10-year bund yield dropped to a record low, hitting negative 0.59%. Lower yield hurt bank shares as they cut into their loan profitability. J.P. Morgan Chase and Bank of America both fell more than 3% while Citigroup traded 2.7% lower.
The company estimates full-year earnings per share between $1.55 and $1.70, above the estimated $1.52 The company also beat on second-quarter earnings per share. It earned 78 cents per share, higher than the 64 cents per share expected on the Street.Health— Shares of CVS Health rose more than 5% after the drugstore and health company beat on the top and bottom lines of its second-quarter report and raising its full year forecast. CVS reported earnings per share of $1.89 on revenue of $63.
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