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Goldman Sachs Group Inc (GS) And The Coca-Cola Company (KO) Earnings Do Little To Lift Dow, S&P

4 years ago43 views

IBTimes

IBTimes

U.S. stocks opened flat Tuesday despite better-than-expected earnings from investment bank Goldman Sachs. Goldman Sachs Group Inc. (NYSE: GS) said its second-quarter profit doubled, as the investment bank saw revenues climb 30 percent, while The Coca-Cola Co. (NYSE: KO) reported its profit fell in the latest quarter, as the world's largest beverage maker blamed bad weather and challenging economic conditions for weak volume growth.On the earnings front for Wednesday, Bank of America Corp. (NYSE: BAC) is expected to report second-quarter earnings per share of 25 cents on revenue of $22.82 billion, compared with a profit of 19 cents a share on revenue of $21.97 billion in the year-ago period, according to analysts polled by Reuters.