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2023-07-19 05:53:00 ET Summary S&P 500 EPS growth for Q2 2023 is set to come in at -7.1%, the lowest rate in 3 years and the third consecutive quarter of negative earnings growth. The LERI shows corporate uncertainty increasing to its highest level since the pandemic. Why ...
2023-07-18 15:30:18 ET Summary Bank of America Corporation has released its Q2 earnings, beating expectations with a 14% increase in net interest income and a 29% net margin. Despite the strong performance, CEO Brian Moynihan highlighted several potential risks on the earnings cal...
2023-07-18 09:15:46 ET Summary The broad S&P500 edged up 1.2% in June, while the Dow Jones rose slightly by 0.8% during the month. Investment activity in June picked up significantly from May, with net investments totaling around $2,200, primarily targeted towards the financia...
2023-07-18 08:15:00 ET Summary Victor Dergunov runs The Financial Prophet and today talks Q2 earnings, Fed's probable pivot, inflation, and high quality stocks. Continue to buy high quality companies on pullbacks and why Victor believes in Tesla. Tech sector favorites and Netf...
2023-07-18 05:25:00 ET JPMorgan Chase (NYSE: JPM) is a well-run bank that displayed incredible foresight in the last few years. In 2021, the bank began stockpiling cash to prepare for a higher interest rate environment. Its fiscal prudence put it in an excellent position to acquire ...
2023-07-17 19:27:16 ET Summary Citigroup Inc. and Wells Fargo & Company are still adapting to changes in the commercial banking industry. Both institutions are in the process of redefining themselves amidst industry changes. The two large commercial banks are navigating ...
2023-07-17 13:42:25 ET JPMorgan Chase's ( NYSE: JPM ) credit card delinquencies advanced in June while net charge-offs flatlined, with both rates staying well below prepandemic levels, the lender disclosed in an SEC filing on Monday. The Chase Issuance Trust delinquency rate of ...
2023-07-17 10:48:43 ET There was very little to dislike about JPMorgan Chase's (NYSE: JPM) second-quarter earnings report. The largest bank in the U.S. by assets reported nearly $14.5 billion in profits on revenue of $41.3 billion, blowing past consensus estimates. Profits grew ...
2023-07-17 09:33:08 ET Summary First Republic Bank is not in Ch.11 bankruptcy - it is in FDIC receivership. Because the FDIC receivership could last at least 7 years, trading in the stock could continue for years. First Republic Bank failed because of higher interest rates and...
Business leaders’ economic outlook remains tempered as inflation and climbing interest rates continue to raise costs and impact pricing decisions Despite continued macroeconomic challenges, just under half of US midsize business leaders expect a recession in the second half of 20...
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JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 with the SEC. The report is available on the SEC's website at www.sec.gov and will be available on the Firm's In...
2024-08-02 15:27:29 ET Bank stocks are ending the trading week on low note, down across the board much more than the broad market's setback of around 2.2%. As of 3:07 p.m. ET shares of JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are lower to the tune of 5.1% and 6...
The stock market tumbled on Thursday as fresh data stoked fears over a possible recession reversing momentum from earlier in the week. The Dow Jones Industrials dumped 490.95 points, or 1.2%, to 40,351.94. The S&P 500 index slid 44.77 points to 5,477.53. The NASDAQ fell 234.98 poi...