Shares of financial guidance platform NerdWallet (NASDAQ:NRDS) jumped 3.7% in the afternoon session after the broader market rallied as Federal Reserve Chair Jerome Powell hinted at a potential future interest rate cut. During a speech, Powell noted that stable economic conditions, particularly the unemployment rate, allow the central bank to “proceed carefully” with future policy decisions. He added that with the current policy being “in restrictive territory,” the outlook and risk balance “may warrant adjusting our policy stance.” Investors interpreted these comments as a strong signal that the Federal Reserve may soon lower interest rates, which typically boosts stock market performance. The positive sentiment led to a widespread market surge, lifting shares of companies like NerdWallet.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the diversified financial services stocks, including NerdWallet (NASDAQ:NRDS) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Payoneer (NASDAQ:PAYO) and the rest of the diversified financial services stocks fared in Q2.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
The firm raised its 2025 adjusted operating income forecast to $55 million to $66 million, compared with its earlier projection of $50 million to $60 million.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
