Second quarter earnings reports from Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. 

Bank of America (BAC)

Earnings Report

Highlights:

• Bank of America Earns $3.2 Billion in Second Quarter
• Strong Pretax, Pre-provision Income of $16 Billion
• Another Good Quarter in Capital Markets and Home Loans
• Enhanced Capital Strength, Tier 1 Capital Ratio at 11.93 Percent
• Extends More Than $211 Billion in Credit in the Second Quarter
• Adds $4.7 Billion to Credit Loss Reserves

Earnings estimates from CNN Money

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Bank of America's website

Citigroup (C)

Earnings Report

Highlights:

• Citigroup Reports Second Quarter Net Income of $4.3 Billion, $0.49 Diluted EPS
• $6.7 Billion After-Tax Gain on Sale of Smith Barney
• Tier 1 Capital Ratio Rose to Approximately 12.7%
• Citicorp Net Income of $3.1 Billion, on Strong Institutional Clients
  Group Results
• Citi Holdings Net Income of $1.4 Billion on Smith Barney Gain

Earnings estimates from CNN Money

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Citigroup's website

Goldman Sachs (GS)

Earnings Report

Highlights:

• Goldman Sachs Reports 2009 Second Quarter Earnings Per Common Share of $4.93
• Record Quarterly Net Revenues of $13.8 Billion

Earnings estimates from CNN Money

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Goldman Sachs' website

JPMorgan Chase (JPM)

Earnings Report

Highlights:

• JPMorgan Chase Reports 2Q Net Income of $2.7 Billion, $0.28 Per Share
• Maintained fortress balance sheet with Tier 1 Capital of $122.2 billion, resulting in 9.7% Tier 1 Capital ratio and 7.7% Tier 1 Common ratio
• Earnings per share reduced by TARP repayment ($0.27) and FDIC special assessment ($0.10)
• Extended approximately $150 billion in new credit to consumers, corporations, small businesses, municipalities, and non-profits

Earnings estimates from CNN Money

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JPMorgan Chase's website

Morgan Stanley (MS)

Earnings Report

Highlights:

• Net Revenues of $5.4 Billion Reflect a Reduction of $2.3 Billion Due to Continued Improvement in Morgan Stanley's Debt-Related Credit Spreads
• Net Loss from Continuing Operations Applicable to Morgan Stanley of $1.37 per Diluted Share Includes Negative Adjustments of $1.32 from Improvement in Morgan Stanley's Debt-Related Credit Spreads and $0.74 from Repurchase of TARP Capital
• Delivered Strong Results in Investment Grade and Distressed Debt Trading and Investment Banking, Where Morgan Stanley Ranked #1 in Global Announced M&A; Achieved Solid Performance in Global Wealth Management
• Made Important Progress on Strategic Initiatives to Drive Growth, Including Closing on the Joint Venture with Smith Barney and Expanding Strategic Alliance with MUFG
• Raised $6.9 Billion Through Common Stock Offerings, Further Bolstering the Firm's Common Equity Position

Earnings estimates from CNN Money

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Morgan Stanley's website

Wells Fargo (WFC)

Earnings Report

Highlights:

• Record Wells Fargo net income of $3.17 billion, up 81 percent from last year; $6.22 billion for six months ended June 30, 2009, up 66 percent from last year
• Net income applicable to common stock of $2.58 billion, up 47 percent from last year; $4.96 billion for six months ended June 30, 2009, up 32 percent from last year
• Diluted earnings per common share of $0.57, up 8 percent from last year, after $700 million credit reserve build ($0.10 per common share), FDIC special assessment of $565 million ($0.08 per common share) and merger-related and restructuring expenses of $244 million ($0.03 per common share)
• Record revenue of $22.5 billion, up 28 percent (annualized) from first quarter
• $206 billion of credit extended to customers in the quarter
• Wachovia integration proceeding as expected

Earnings estimates from CNN Money

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Wells Fargo's website