The recent earnings from Wells Fargo and JPMorgan Chase have reignited optimism in the US economy. Both banks reported robust results, reflecting resilient consumer spending and steady lending activity: •$Wells Fargo & Co (WFC.US)$saw a gap up after strong earnings, fueled by loan growth and improved credit quality. •$JPMorgan (JPM.US)$surged 5% last Friday, beating expectations and showcasing strong business momentum. 💡 Wh...
JPMorgan Chase$JPMorgan (JPM.US)$, often the first to report earnings, sets the tone for the sector. Notably, its stock has been more volatile compared to peers—sharp declines in Q4 2021 and Q1 2022, with stronger recoveries in Q2 and Q3 2022. Meanwhile, other banks like Goldman Sachs $GS have shown more consistent upward trends, particularly in Q3 2022 and Q1 2024. Wells Fargo$Wells Fargo & Co (WFC.US)$has shown fluctuating trends, while Mor...
JPMorgan’s solid Q3 results showcased its ability to navigate a challenging macroeconomic environment. The bank posted earnings of $4.37 per share, slightly higher than the $4.33 from a year ago and far ahead of analyst estimates of $3.97. While profits dipped slightly to $12.9 billion from $13.15 billion, the impressive revenue and NII growth were key drivers behind the stock's upward momentum. Despite the recent cut in interest rates by the...
Today earning report $JPMorgan (JPM.US)$ EPS (Est.) $4.01 vs Real $4.37 🟢 Revenue (Est.) $41.65B vs Real $43.32B 🟢 Stock is up 4.42% 📈 $Blackrock (BLK.US)$ EPS (Est.) $10.38 vs Real $11.46 🟢 Revenue (Est.) $5.01B vs Real $5.2B 🟢 Stock is up 3.64% 📈 $Wells Fargo & Co (WFC.US)$ EPS (Est.) $1.28 vs Real $1.42 🟢 Revenue (Est.) $20.41B vs Real $20.37B 🔴 Stock is up 5.60% 📈 Is this the start of the bull run?
Investment-banking fees surged 31%, trading revenue up 8% Net interest income grew 3%, annual forecast raised to $92.5 billion CEO Dimon cautious on geopolitical risks, potential government role JPMorgan Chase (JPM.N), opens new tab shares rose nearly 5% on Friday after profit beat expectations in the third quarter, fueled by gains in investment banking and rising interest payments. JPMorgan's stock, trading around $223, ...
Shares of electric vehicle maker Tesla tumbled Friday after the company’s long-awaited robotaxi event — where CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — failed to impress investors. Tesla stock was down 5.8% as of 6:33 a.m. ET in premarket trading on Friday. Musk revealed Tesla’s Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The ...
• $Wells Fargo & Co (WFC.US)$ saw a gap up after strong earnings, fueled by loan growth and improved credit quality.
• $JPMorgan (JPM.US)$ surged 5% last Friday, beating expectations and showcasing strong business momentum.
💡 Wh...
If you have followed my last 🏦Market outlook 7-11 Oct 2024 congrats! Was pretty on track for my insights to have called on bullish momentum for $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Vanguard S&P 500 ETF (VOO.US)$ as ...
Notably, its stock has been more volatile compared to peers—sharp declines in Q4 2021 and Q1 2022, with stronger recoveries in Q2 and Q3 2022.
Meanwhile, other banks like Goldman Sachs $GS have shown more consistent upward trends, particularly in Q3 2022 and Q1 2024.
Wells Fargo $Wells Fargo & Co (WFC.US)$ has shown fluctuating trends, while Mor...
Q3 Total revenue +6% y/y (managed basis)
Non-interest expense +4%
Pre-provision profit +10% (+$1.8bn)
Credit costs $3.1bn (Q2: $3.1bn; PY: $1.4bn)
Net income -2% y/y
NII +3% both y/y and q/q (reported basis)
Non-Interest Income +12% y/y
Raises FY outlook
Despite the recent cut in interest rates by the...
$JPMorgan (JPM.US)$
EPS (Est.) $4.01 vs Real $4.37 🟢
Revenue (Est.) $41.65B vs Real $43.32B 🟢
Stock is up 4.42% 📈
$Blackrock (BLK.US)$
EPS (Est.) $10.38 vs Real $11.46 🟢
Revenue (Est.) $5.01B vs Real $5.2B 🟢
Stock is up 3.64% 📈
$Wells Fargo & Co (WFC.US)$
EPS (Est.) $1.28 vs Real $1.42 🟢
Revenue (Est.) $20.41B vs Real $20.37B 🔴
Stock is up 5.60% 📈
Is this the start of the bull run?
• Net revenue +7% Y/Y to $42.7B ($1.3B beat).
• Net Income -2% Y/Y to $12.9B.
• Non-GAAP EPS: $4.37 ($0.39 beat).
• Deposits and loans +1% Q/Q.
• FY24 NII ~$92.5B (previously $91B).
Net interest income grew 3%, annual forecast raised to $92.5 billion
CEO Dimon cautious on geopolitical risks, potential government role
JPMorgan Chase (JPM.N), opens new tab shares rose nearly 5% on Friday after profit beat expectations in the third quarter, fueled by gains in investment banking and rising interest payments.
JPMorgan's stock, trading around $223, ...
Tesla stock was down 5.8% as of 6:33 a.m. ET in premarket trading on Friday.
Musk revealed Tesla’s Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The ...
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