Crude oil is n ow trading at $50–$52 per barrel. Cooperman believes that if global growth gives support, we might see an upside for crude prices in one year.
Cooperman believes that the equity market is fully valued because the market has shown a strong performance over the past five months.
JPMorgan Chase’s commercial banking business garnered $2.0 billion in revenue and $687 million in net profits in 4Q16, rises of 12% and 25%, respectively, year-over-year.
JPMorgan Chase’s stock has risen 27.4% over the past six months and 44.5% over the past year backed by strong growth in its commercial banking, credit card, and investment banking revenues.
JPMorgan Chase derives its consumer and community banking revenues from its consumer and business banking, mortgage banking, and card, commerce solutions, and auto businesses.
JPMorgan Chase has consistently increased its shareholder payouts in line with its operating performance. The bank paid out dividends of $0.44 in 4Q16 with a payout ratio of 33%.
In April 2017, 15 of the 29 analysts covering JPMorgan Chase (JPM) rated it as a “buy” or “strong buy.” Thirteen analysts rated it as a “hold,” and one rated it as a “sell.”
In its 1Q17 earnings release on April 13, 2017, JPMorgan Chase (JPM) is expected to post earnings per share (or EPS) of $1.52, a rise of 12.6% on a year-over-year (or YoY) basis.
After a volatile day on Wednesday, the S&P 500 regained some strength on April 6. It bounced back from its 50-day moving average and closed positive.
Ten out of the 14 analysts covering BlackRock (BLK) have rated it as a “buy” or a “strong buy” so far in April 2017. Another four analysts have rated BlackRock as a “hold.”
BlackRock (BLK) continues to trade at a premium valuation compared to other traditional asset managers due to its size, scale, and operating performance.
BlackRock has enhanced its payouts to fall in line with its operating performance growth over the past couple of years. The company rewards its shareholders with dividends and repurchases.
BlackRock has been garnering higher operating margins of 44%–45% over the past few quarters mainly due to its better expense management, among other contributing factors.
BlackRock (BLK) managed ~$2.9 trillion for its institutional clients on December 31, 2016. These assets made up 57% of the company’s total managed assets.
BlackRock’s (BLK) iShares offering has continued to attract high flows over the past few quarters amid high competition from other major players.
BlackRock’s retail business has seen negative flows over the past few quarters. Retail investors have withdrawn funds from the alternatives, fixed income, and multiasset categories.
BlackRock (BLK), the world’s largest asset manager, is expected to post earnings per share (or EPS) of $4.88 for 1Q17 on April 13, 2017, a rise of 14.8% year-over-year.
On April 4, the S&P 500 Consumer Discretionary sector fell 0.14%. In the Consumer Discretionary sector, the Auto Components sector fell the most—it fell 2.9%.
The energy sector regained strength on Tuesday. On April 4, the S&P 500 Energy Sector rose 0.71% and reached the highest levels in almost a month.
After starting on a weaker note by falling on Monday, the S&P 500 regained some strength and closed almost flat on April 4.