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2024-07-22 04:36:25 ET Summary Wells Fargo beat earnings predictions for Q2, but missed on net interest income. The lender's non-interest income was driven by strong investment banking activity, however. Balance sheet quality did not materially deteriorate. Commercial real est...
2024-07-21 16:15:00 ET More on Bank of America, Citigroup, etc. Bank of America Up 5% Post-Earnings: I'll Sit Tight JPMorgan And Citigroup Earnings Summaries: Like Both, But Citigroup Is A Cheaper, Longer-Term Play U.S. Bancorp (USB) Q2 2024 Earnings Call Transcript ...
2024-07-19 14:25:36 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the S&P 500 was up more than 20% in 2023, it probably was not the best year for those who invested in the hydrogen sector. During aggressive interest hikes, a lot of the hydro...
2024-07-19 08:00:00 ET Summary Major Money Center Banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, all beat earnings estimates, leading to stock price increases. Asset growth is stagnant, deposits are shrinking, loans are flat, net interest margin is d...
2024-07-18 13:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-18 11:14:27 ET Summary Pinnacle Financial Partners had a somewhat noisy Q2, but core results were better than expected, with revenue, net interest income, and fee income beating expectations, driving a $0.04/share pre-provision beat. Pinnacle's growth model, focused on cus...
2024-07-18 03:20:00 ET Summary Q2 S&P 500® EPS growth expected to come in at 9.3%, the highest rate in over two years. Banks kicked things off with mixed results, but overall top- and bottom-line results were good enough to boost S&P 500 growth rates. Peak weeks f...
2024-07-17 06:58:52 ET Summary Bank of America reported better than expected earnings for Q2, driven by strong investment banking results and solid net interest income. Despite strong performance, risks include a decline in federal fund rates and balance sheet deterioration. B...
2024-07-16 23:21:50 ET Summary Wells Fargo's Q2 earnings showed a slight top-line and bottom-line beat, with an unchanged NII guidance that led to an initial market drop that recovered throughout the day. Net interest income has declined every quarter since Q4 22, but with Q2 drop...
2024-07-16 08:42:38 ET Summary Citigroup's Q2 results were better than expected on a core basis, with a $0.13/beat at the core pre-provision profit line on stronger than expected capital markets and commercial banking. The Services business is a strong asset for Citi, with a durab...
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2024-07-18 13:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-15 06:17:00 ET Wells Fargo (NYSE: WFC) recently reported its second-quarter earnings, and thanks to disappointing net interest income, the stock plunged by as much as 7% shortly after the announcement. That's a big move for a large-cap bank stock. While the interest inco...