Wells Fargo’s Latest Quarterly Revenues Explode with Gains of Nearly 60%, But There’s a Catch

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The U.S. banking service provider crushed analyst estimates with a stellar quarterly performance which, however, was somewhat backed by the release of its credit loss reserves: the money meant for covering losses on loans in the event of defaults or nonpayments. The company’s stock dipped 1.6% shortly after the news.

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Salesforce.com Boosted Full Year Guidance After Acquiring Slack and Reported Strong Q2 Earnings

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On Wednesday, shares of the cloud computing solutions company rose by 3% in extended hours trading after its second-quarter results outperformed analyst expectations. But that’s not the whole story, for in the last three months Salesforce also acquired the leading business communications platform Slack.

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Berkshire Hathaway’s Operating Income Enjoyed a Strong Rebound as Economic Growth Resumes

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The legendary holding company posted better-than-expected results for their second quarter after its myriad of businesses – from energy to railroads – received a generous boost as governments loosened their grip on COVID-19 restrictions.

This sent Berkshire’s Class “B” shares up by 2%, thus bringing the total year-to-date growth to over 23%.

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