CIB’s expenses fell 3% on a year-over-year basis to ~$4.8 billion, mostly due to lower employee compensation.
JPMorgan Chase (JPM) beat its earnings per share (or EPS) estimates of $1.65 in 3Q17, posting EPS of $1.76. In this series, we’ll examine JPM’s performance, shareholder payouts, and valuations.
Of the 15 analysts covering E*TRADE Financial (ETFC) in October 2017, seven analysts gave a “strong buy” rating on the stock, and four analysts gave “buy” recommendations.
E*TRADE Financial Corporation (ETFC) has a price-to-earnings ratio of ~21.0x on a trailing-12-month (or TTM) basis.
E*TRADE reported deposits of ~$40.1 billion on June 30, 2017, compared to ~$31.7 billion on December 31, 2016, reflecting a 26% rise.
E*TRADE Financial’s return on equity was ~9.7% over the last 12 months.
E*TRADE Financial generated an ~1.1% return on its assets over the last 12 months.
E*TRADE Financial (ETFC) reported total net revenues of ~$1.1 billion in 1H17 compared to $946.0 million in 1H16, reflecting a 19% increase.
At 7:30 AM EST on October 13, the WTI crude oil futures contracts for November 2017 delivery were trading at $51.62 per barrel—a gain of ~2.02%.
Despite starting this week on a weaker note, the S&P 500 regained strength as the week progressed and rose to record high price levels on October 11.
At 6:45 AM EST on October 13, the FTSE 100 Index was trading at 7,534.50—a fall of 0.29%. The iShares MSCI United Kingdom (EWU) rose 0.23% on October 12.
On October 13, the Shanghai Composite Index closed at 3,390.52 with a gain of 0.13%. The SPDR S&P China ETF (GXC) fell 0.52% on October 12, 2017.
According to the IMF (International Monetary Fund), a moderate progressive tax system may not negatively impact economic growth in developed economies (SPY) (EZU).
The broader market S&P 500 Index (SPY) has risen nearly 12% on a year-to-date basis as of October 12, 2017.
Dimon also believes that tax reform could help US businesses be more competitive globally. However, Warren Buffett believes US businesses aren’t really hurting from the US corporate tax.
Jamie Dimon, JPMorgan Chase’s (JPM) CEO, believes that the Trump administration’s tax reform framework “has all of the key ingredients to fuel economic expansion.”
BlackRock commands a premium over industry peers and alternative asset managers due to its strong performance across the regions and offerings.
For asset managers, analyst ratings have remained roughly similar—and subdued—in the past few quarters, as the expected upside in equities has remained low.
In 3Q17, BlackRock paid dividends of $2.50—9% higher than in 3Q16 but similar to the previous quarter’s payouts.
BlackRock (BLK) reported 14% growth in total revenues in 3Q17. Its operating expenses rose 13%, resulting in 15% growth in operating income.