ET Stocks Fall as Earnings Season Begins: Live Updates RIGHT NOW Virgin Atlantic secures a $1.5 billion private rescue deal. That decline contributed to a $5.7 billion quarterly loss, compared to last year’s $1.4 billion profit. Pandemic preparations cut JPMorgan’s second quarter earnings in half. Net income fell to $1.3 billion in the second quarter of 2020 from $4.8 billion a year earlier. Citibank saw an 18 percent surge in deposits during the second quarter to $1.23 trillion as a result of cash infusions associated with federal aid programs.

Source: New York Times July 14, 2020 10:25 UTC