Bank earnings in focus on StockTwits

July 19, 2011: 1:40 PM ET
Goldman Sachs

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NEW YORK (CNNMoney) -- With Goldman Sachs and Bank of America trading near 52-week lows, investors are paying a lot of attention to earnings reports coming from the financial sector.

Goldman Sachs (GS, Fortune 500) missed earnings for the first time since December 2008. The stock was down 2% on the news.

Bank of America (BAC, Fortune 500) reported a net loss of $8.8 billion for the second quarter of 2011 due to $14.5 billion in mortgage related losses. The shares of the financial giant slid 2.5% in early afternoon trading, pushing the stock down nearly 30% for the year.

Not everything is cloudy in the financial industry though. Shares of Wells Fargo (WFC, Fortune 500) advanced 4% on better than expected earnings, citing an increase in deposits, lower operating costs and decreasing loan loss rate.

These are some of the topics discussed on StockTwits Tuesday:

bondtrader83: we are still a few years away from being able to take book value seriously.... $C $BAC $JPM

MOFinancial: $BAC Call: We have a portfolio in which every one percent decline in home values impacts this portfolio in a meaningful way.

ToddSullivan: EX settlement charges, $BAC didn't have all that bad of a Q, revs beat, YOY EPS beat, loss prov. down $5B...pretty good actually.

KeithMcCullough: $BAC rallying from the lows - hearing Europig crisis is over (for the next 3 hours of trading)

BryanMortenson: $GS buying back 17% of the co. with a 91M share authorization. Only the company's 5th miss since going public in 1999.

funkybrew: What a world we live in: $GS is being risk averse... wish they were when they were issuing CDS and CDOs right & left for the housing sector. To top of page

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