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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly were mixed in late morning trading, with the S & P 500 up 0.34% and the Nasdaq Composite down 0.15%. "My conviction is that Morgan Stanley stock goes higher," Jim Cramer said…

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022.Al Drago | Bloomberg | Getty ImagesBank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest income amid higher rates.Here's what Bank of America reported:Earnings: 88 cents a share vs. 84 cents a share Refinitiv estimateRevenue: $25.33 billion vs. expected $25.05 billionrelated investing newsThe bank…

We're raising our eyebrows at Ford 's (F) new price cuts on its popular electric pick-up truck. The move appears to challenge the automaker's claims that the F-150 Lightning is in high demand. Ford announced Monday it will cut prices on the Lightning between 7% and 17% depending on the model. The base, which was originally at $59,000, will now come down by $10,000. When the F-150 EV first debuted in April 2022, its starting price was $39,974, before some price hikes due to supply constraints and sharply higher costs for…

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesJPMorgan Chase executives warned Friday that tougher regulations in the wake of a trio of bank failures this year would raise costs for consumers and businesses, while forcing lenders to exit some businesses entirely.When asked by Wells Fargo analyst Mike Mayo about the…

A JetBlue Airways plane passes behind an American Airlines jet waiting to taxi at Ronald Reagan National Airport in Washington, D.C.Andrew Harrer | Bloomberg | Getty ImagesAmerican and JetBlue will stop selling seats on each other's flights after Thursday, two months after a federal judge ruled that the airlines' partnership in the Northeast violated antitrust laws.The judge ordered the airlines to end their more than two-year partnership, which allowed them to share passengers and revenue, and to coordinate schedules in…

JPMorgan Chase reported second-quarter earnings Friday that topped analysts' expectations as the company benefited from higher interest rates and better-than-expected bond trading.Here's what the company reported:Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimateRevenue: $42.4 billion vs. $38.96 billion estimaterelated investing newsNet income surged 67% to $14.5 billion, or $4.75 per share. When excluding the impact of its First Republic acquisition in early May — a $2.7 billion "bargain purchase…

Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.David Paul Morris | Bloomberg | Getty ImagesPepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, despite falling demand for its drinks and food.The beverage giant also raised its full-year outlook for the second consecutive quarter.Shares of the company rose more than 2% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of…

Nurphoto | Nurphoto | Getty ImagesDelta Air Lines posted its highest quarterly revenue and earnings ever thanks to scorching travel demand that has defied fears of an economic slowdown for months.International travel and demand for premium seats like first class were standouts during the second quarter, while a 22% drop in Delta's fuel costs boosted the carrier's bottom line.The Atlanta-based airline on Thursday hiked its 2023 earnings forecast to an adjusted $6 to $7 a share, up from its estimate last month at the high…

United Airlines' new first-class seat.Courtesy: United AirlinesUnited Airlines on Wednesday unveiled its first new seat in nearly a decade for passengers at the front of the plane, becoming the latest carrier to upgrade its cabin as airlines battle for high-paying travelers.The new first-class seat for narrow-body domestic flights features better technology like armrest wireless charging stations and winged headrests. There will also be an 11-inch by 19-inch barrier between the seats, which are in a two-by-two…

A man walks past an automated teller machine (ATM) outside Bank of America Corp. headquarters in Charlotte, North Carolina, U.S., on Monday, May 2, 2016.Chris Keane | Bloomberg | Getty ImagesBank of America, the second largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said Tuesday.The bank charged multiple $35 overdraft fees for the same transaction, failed to properly issue rewards to credit card users,…