JPMorgan Chase is set to report its fourth-quarter earnings results before the market opens on January 14. We expect its revenue to improve year-over-year.
Wells Fargo will report its fourth-quarter earnings before the markets open on January 14. The revenues will likely decline in the fourth quarter.
Citigroup will announce its fourth-quarter earnings before the markets open on January 14. The company's revenue growth will likely accelerate.
On January 2, Baird downgraded Wells Fargo (WFC) stock to “underperform” from “neutral.” Baird has a target price of $50.
Yesterday, President Trump tweeted that he would sign phase one of the US-China trade deal on January 15. The trade deal lifted markets at the end of 2019.
US stock markets might have the best year since 1997 if the current momentum sustains. After the 2019 rally, many analysts predict a crash for 2020.
Global stock markets added $17 trillion in value this year. A year back, most economists saw dismal stock market returns in 2019.
We think that bank stocks also benefited from a change in investors’ sentiment. Their low valuation at the beginning of the year acted as a support.
Trump’s trade war has hit the Chinese economy. Some of the Chinese economic indicators show that the economy might have bottomed out.