IBM’s stock plummeted 26% after pre-announcing earnings — its worst single-day drop ever, worse than Black Monday — as AI-driven bookings remain uncertain amid tightening tech budgets. Meanwhile, America’s top banks are soaring: JP Morgan, Bank of America, Wells Fargo, Goldman Sachs, and Citigroup all crushed expectations, fueled by booming equity trading, rising net interest income, strong loan growth, and resilient credit quality. Citigroup, in particular, is turning things around with ahead-of-schedule restructuring, a dividend boost, and a $30 billion buyback — signaling a broader, sustainable recovery in finance.
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