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Barclays Maintains JPMorgan(JPM.US) With Buy Rating, Maintains Target Price $257
JPMorgan: China Bank's 'shareholding' rating upgraded, Q3 performance slightly better than expected.
JPMorgan released a research report stating a 'shareholding' rating for Bank of China (03988). The company's third-quarter performance slightly exceeded expectations, with net income increasing by 4% year-on-year, about 2 percentage points higher than the bank's expectations, mainly driven by strong growth in non-interest income. The report mentioned that the company's non-interest income grew by 61% year-on-year during the period, with fee income increasing by 6%, reversing the decline in the first half of the year, while non-fee income grew by 121%. In the third quarter, the net interest margin of the Bank of China decreased by 6 basis points compared to the previous quarter, a greater extent than its state-owned peers. JPMorgan pointed out that the third quarter saw HIBOR contraction and the Fed rate cut, leading to the decline in net interest margin as previously anticipated.
Citi: Maintain stanchart 'shareholding' rating, raising outlook guidance as the main highlight.
JPMorgan issued a research report stating that it maintains a 'shareholding' rating on Standard Chartered (02888), but believes HSBC Holdings (00005) has a clearer visibility on next year's earnings. The bank expects the market to raise its earnings per share forecast for Standard Chartered by mid-single digits this year. The report mentioned that in the third quarter, Standard Chartered's income, costs, and asset quality all exceeded expectations, with the guidance upgrade being the biggest highlight. Its pre-tax profit in the third quarter exceeded market expectations by 16%, driven by revenue higher than expected by 4%, and operating costs and impairments lower than expected by 2% and 25% respectively. Standard Chartered also raised its revenue growth guidance for this year from over 7% to a trend.
Market Flips and Falls as Meta and MSTR Fall After Earnings | Wall Street Today
10-Q: Q3 2024 Earnings Report
Express News | JPMorgan: Evaluating Next Steps, Including Litigation Related to Govt Inquiries Related to the Zelle Network - Filing
JPMorganChase Files Form 10-Q for the Quarter Ended September 30, 2024
Express News | Jpmorganchase Files Form 10-Q for the Quarter Ended September 30, 2024
9 Financials Stocks Whale Activity In Today's Session
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Dow's Nearly 225-Point Rally Led By Gains In Shares Of Visa, Boeing
If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,700 Today
Citi Hires Goldman Sachs Executive to Run Lending for Wealth Business -- Barrons.com
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Google executives interpret Q3 financial report: the past year was an extraordinary year of innovation.
Alphabet (Google's parent company) released its third-quarter financial report today: revenue was $88.268 billion, a 15% increase compared to $76.693 billion in the same period last year, with a 16% year-on-year growth excluding the impact of exchange rates; under the US General Accounting Principles, net income was $26.301 billion, a 34% increase compared to $19.689 billion in the same period last year; diluted earnings per share were $2.12, achieving growth compared to diluted earnings per share of $1.55 in the same period last year. After the financial report was released, Alphabet's CEO Sundar Pichai (
JPMorgan regains the throne, rated as the best research institution for sell-side in the United States by institutional investors survey.
JPMorgan was rated as the best US sell-side research institution in a widely watched investor survey, reclaiming the top spot it held for most of the past 10 years. Bank of America dropped to second place in the latest Institutional Investor survey, after briefly wresting the throne from JPMorgan for a year last year. Morgan Stanley ranked third, followed by Evercore ISI and Jefferies Financial. Former JPMorgan employee Marko Kolanovic ranked first in stock-linked strategies.
Nasdaq Hits Record High While Wed Earnings Are Mixed | Wall Street Today
JPMorgan Sues Customers Over Alleged TikTok-fueled Check Fraud - Reports
Wells Fargo's Mayo Assesses How the Election Will Affect Banks
JPMorgan Sues Four People Over 'Chase Bank Glitch.' Here's How Much Money They Allegedly Stole.