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The bank's business condition index rose from negative 7.7 in June to 3.3 in July, surprising analysts. Economists expected the index to move up to negative 2.7.

The index for new orders rose from negative 7.6 in June to 0.1 in July.

The index for number of employees increased from 4.1 in June to 8.9 in July.

The Philadelphia Federal Reserve reported that the Philadelphia region's manufacturing activity has rebounded.

James P. Gorman, President and Chief Executive Officer, said, "While global markets remained challenging this quarter, the Firm delivered higher year-over-year revenues across our three major business segments. Within Institutiona

Morgan Stanley (NYSE:MS) reported Q2 loss of $0.32 a share versus the analyst estimate loss of $0.62. Revenue for the quarter rose, 16.6% to $9.3 billion better than consensus estimate of $8.04 billion.

Jay Fishman, Chairman and Chief Executive Officer commented, "Our second quarter loss was due to the extraordinary tornadoes and hail storms that caused devastation across significant portions of the United States.

Travelers (NYSE:TRV) reported a Q2 loss of $0.91 per share, wider than consensus estimates for a loss of $0.61 per share. Revenues rose 3.1% year-over-year to $5.50 billion, missing consensus estimates of $5.52 billion.

Kevin T. Kabat, president and CEO of Fifth Third Bancorp said, "Fifth Third's second quarter results were strong and reflected continued improvement in credit trends.

Fifth Third Bancorp (NASDAQ:FITB) reported Q2 EPS of $0.35, ahead of consensus estimates of $0.27 per share. Net charge-offs for the quarter were $304 million. Total nonperforming assets of $2.3 billion fell $78 million sequential

Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 72 points higher while the broader S&P500 index is looking to open over 8 points higher.

Scott D. Farmer, Chief Executive Officer, stated, "Our fourth quarter organic growth rate of 8.0% represents the fifth straight quarter that our organic growth rate improved.

Cintas Corporation (NASDAQ:CTAS) reported 2011 fourth quarter EPS today of $0.49 better than analyst estimates of $0.43. Revenues in the quarter rose, 11.3% year-over-year to $1.01 billion better than consensus estimates of $967.4

Mark Peek, chief financial officer of the company commented on the report, "VMware's second quarter results were driven by strength across geographies and record enterprise license agreement bookings as a percentage of total booki

VMware (NYSE:VMW) reported second quarter EPS of $0.55, ex-items, topping consensus estimates of $0.47 per share. Revenues for the quarter were $921 million, ahead of consensus estimates of $872 million.

Stephen P. MacMillan, Chairman, President and Chief Executive Officer of the company commented, "Our second quarter results validate the strength of our diverse sales footprint, enabling us to deliver on our commitments despite on

Stryker (NYSE:SYK) reported second quarter adjusted EPS of $0.90, in line with consensus estimates. Revenues for the quarter rose 16% year-over-year to $2.05 billion, topping consensus estimates of $2.01 billion.

For Q3, the company sees revenue of $1.05 billion $1.1 billion, vs. consensus estimates of $1.12 billion.

Carol Bartz, CEO of Yahoo! said, "For the quarter, earnings per share was up by 18% year over year. We made clear progress in search, and saw strong growth in engagement on our media properties.

Yahoo! (NASDAQ:YHOO) reported Q2 EPS of $0.18, in line with consensus estimates. Revenues for the quarter fell 5% year-over-year to $1.08 billion, missing consensus estimates of $1.11 billion.