Albertsons Companies, Inc. (ACI) reported its first quarter earnings on Tuesday, July 15. Despite meeting analysts’ quarterly expectations, the grocery chain’s shares fell by 7%.

The company reported net sales of $24.88 billion for the quarter. This is up from $24.27 billion reported at the same time last year and higher than analysts’ expectations of $24.71 billion.

“In the first quarter, we delivered solid operating and financial performance, while investing in our core operations and improving our customer value proposition,” said Albertsons’ CEO, Susan Morris. “Ongoing investments in our strategic priorities drove increased engagement across our digital platforms, evidenced by strong growth in our digital sales, pharmacy operations, and membership in our loyalty program. To fuel these investments, we leveraged our productivity engine to drive efficiencies throughout our operations.”

The company reported net income of $236.4 million or $0.41 per adjusted share. This was a decrease from the same quarter last year when Albertsons reported net income of $240.7 million or $0.41 per adjusted share.

Albertsons reported identical sales increased 2.8%, driven by a strong growth in pharmacy sales. Digital sales increased by 25% and the number of loyalty members grew by 14% to 47.3 million members. Albertsons’ gross margin rate decreased to 27.1% compared to 27.8% during the first quarter of last year. For fiscal 2025, the company expects earnings per share to be between $2.03 and $2.16, and identical sales growth in the range of 2.0% to 2.75%. Albertsons’ Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on August 8, 2025, to stockholders of record on July 25, 2025.

Albertsons Companies, Inc. (ACI) shares ended the week at $20.47, down 8% for the week.

Goldman Sachs Reports Earnings

Goldman Sachs Group, Inc. (GS) released its second quarter earnings report on Wednesday, July 16. The investment firm’s stock increased by almost 1% after it reported results that exceeded analysts’ expectations.

Revenue came in at $14.58 billion during the second quarter, up 15% from revenue of $12.73 billion at this time last year. The results exceeded analysts’ expectations of $13.47 billion for the quarter.

“Our strong results for the quarter reflected healthy client activity levels across our businesses, our differentiated franchise positions and the talent and commitment of our people,” said Goldman Sachs CEO, David Solomon. “At this time, the economy and markets are generally responding positively to the evolving policy environment. But as developments rarely unfold in a straight line, we remain very focused on risk management. Given the strategic decisions and investments we have made, we continue to believe that the firm is well positioned to perform for our shareholders.”

The company reported net income of $3.47 billion for the quarter or $10.91 per adjusted share. This was up from $2.89 billion or $8.62 per adjusted share reported in the same quarter last year.

Goldman Sachs’ Asset and Wealth Management segment generated revenue of $3.78 billion during the quarter, 3% lower compared to the same quarter last year. The company’s Global Banking and Markets segment revenue increased by 24% to $10.12 billion. Revenue for Platform Solutions reached $685 million for the second quarter, 2% higher than the prior year. The company’s Board of Directors declared a quarterly cash dividend of $4.00 per common share payable on September 29, 2025, to stockholders of record on August 29, 2025.

Goldman Sachs Group, Inc. (GS) shares ended the week at $708.26, up 1% for the week.

Bank of America’s Second Quarter Results

Bank of America Corporation (BAC) released its second quarter earnings on Wednesday, July 16. Despite topping analysts’ expectations, the company’s shares remained relatively unchanged in premarket trading following the release of the report.

Revenue came in at $26.5 billion during the second quarter, up 4% from revenue of $25.4 billion at this time last year. The results exceeded analysts’ expectations of $26.7 billion for the quarter.

“We delivered another solid quarter, with earnings per share up 7% from last year,” said Bank of America CEO, Brian Moynihan. “Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose. In addition, we saw good momentum in our markets businesses. So far this year, we have supplied more capital to our businesses and returned 40% more capital to shareholders in the first half of this year than last year.”

The company reported net income of $7.1 billion for the quarter or $0.89 per adjusted share. This is up from $6.9 billion or $0.83 per adjusted share in the same quarter last year.

Bank of America’s Consumer Banking segment generated revenue of $10.8 billion during the quarter, a 6% improvement from $10.2 billion in the same quarter last year. The segment added over 175,000 net new consumer checking accounts. The company’s Global Wealth and Investment Management segment earned revenue of $5.9 billion, a 7% increase from $5.6 billion reported a year ago. The client balances within the segment increased 10% to $4.4 trillion, driven by higher market valuations and positive net client flows.

Bank of America Corporation (BAC) shares ended the week at $47.32, up 1% for the week.

The Dow started the week at 44,346 and closed at 44,342 on 7/18. The S&P 500 started the week at 6,255 and closed at 6,297. The NASDAQ started the week at 20,593 and closed at 20,896.

U.S. Treasury yields rose midweek as investors reacted to the latest U.S. inflation report reflecting a rise in inflation. Yields continued to rise toward the end of the week as the latest employment data showed the labor market remains resilient.

On Wednesday, the U.S. Bureau of Labor Statistics announced that the consumer price index (CPI), which measures the cost of dozens of everyday consumer goods, increased 0.3% in June, in line with analysts’ expectations. The CPI rose to 2.7% year-over-year, the highest annual rate since February and still above the Federal Reserve’s 2% target.

“Today's inflation report all but dashes any remaining hopes that the Fed may cut interest rates at its meeting later this month,” said U.S. investment analyst at eToro, Bret Kenwell. “However, if subsequent inflation readings reiterate the rise in inflation, it could jeopardize future rate cuts as well.”

The benchmark 10-year Treasury note yield opened the week of July 14 at 4.41% and traded as high as 4.50% on Thursday. The 30-year Treasury bond opened the week at 4.96% and traded as high as 5.05% on Thursday.

On Thursday, the U.S. Department of Labor reported that initial claims for unemployment were 221,000 for the week ending July 12. This was down 7,000 from the prior week and fell below analysts’ expectations of 232,000. Continuing unemployment claims increased by 2,000 to 1.96 million.

“Looking through this noise, the data continue to tell a no-hire, no-fire story for the labor market,” said senior economist at Oxford Economics, Nancy Vanden Houten.

The 10-year Treasury note yield finished the week of 7/14 at 4.42%, while the 30-year Treasury note yield finished the week at 4.99%.

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 17. The survey showed mortgage rates rising for the second week in a row.

This week, the 30-year fixed mortgage rate averaged 6.75%, up from last week’s average of 6.72%. Last year at this time, the 30-year fixed mortgage rate averaged 6.77%.

The 15-year fixed mortgage rate averaged 5.92% this week, up from last week’s average of 5.86%. During the same week last year, the 15-year fixed mortgage rate averaged 6.05%.

“The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%,” said chief economist at Freddie Mac, Sam Khater. “While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act.”

Based on published national averages, the savings rate was 0.38% as of 6/16. The one-year CD averaged 1.62%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.