Earnings Update: TSMC Profits Soar with AI Demand, Financial Giants Show Resilience

Reported 14 days ago

The third quarter earnings season reveals robust financial results from major companies, with TSMC reporting a 39% profit surge driven by strong AI demand and raising its 2025 revenue outlook. Other financial institutions like Charles Schwab and American Express also exceeded expectations, indicating resilience amid macroeconomic uncertainties, while regional bank stocks faced some pressure after mixed earnings reports.

Source: YAHOO

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