JPMorgan Chase & Co
JPMorgan Cryptocurrency Goes Live
Why Wells Fargo Rose 3% despite Weak Q2 Results
Wells Fargo (NYSE:WFC) stock rose 2.7% in the pre-market trading session today at 7:34 AM ET. Meanwhile, the S&P futures rose 1.1%.
What to Expect from JPMorgan Chase’s Q2 Earnings
Wall Street analysts expect JPMorgan Chase to post sales of $30.3 billion in the second quarter. The estimate represents growth of 2.5% YoY.
Berkshire Hathaway’s Q1 13F: Buffett Is on a Selling Spree
Berkshire Hathaway (NYSE:BRK.B) released its first-quarter 13F on May 15 after the markets closed. Chairman Warren Buffett has been on a selling spree.
Bank of America Stock Falls Due to Disappointing Q1 Results
Bank of America (NYSE:BAC) stock fell 6.5% in pre-market trading on Wednesday after the company reported its first-quarter financial results.
Higher Provisions Weigh on JPMorgan Chase’s Q1 Earnings
JPMorgan Chase (NYSE:JPM) reported lower-than-expected first-quarter numbers today. Higher provisions weighed on the bank’s profitability.
Is It Pointless to Look at Big Banks’ Q1 Earnings?
JPMorgan Chase will announce its first-quarter results before the markets open on April 14. Analysts expect the bank to post revenues of $29.7 billion.
JPMorgan Chase’s Q4 EPS Could See Stellar Growth
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.
Why Q4 Earnings Might Not Lift Wells Fargo Stock
Wells Fargo will report its fourth-quarter earnings before the markets open on January 14. The revenues will likely decline in the fourth quarter.
Why Citigroup’s Q4 Earnings Could Lift Its Stock
Citigroup will announce its fourth-quarter earnings before the markets open on January 14. The company’s revenue growth will likely accelerate.
Gold Continues to Shine amid Geopolitical Risks
Recently, gold continued to rise. US gold futures rose for the eighth time in the last nine trading sessions and reached $1,582 levels per ounce today.
Will Wells Fargo Stock Continue to Underperform in 2020?
On January 2, Baird downgraded Wells Fargo (WFC) stock to “underperform” from “neutral.” Baird has a target price of $50.
Apple Stock Gains 84% in 2019, Inches Closer to $300
Shares of tech giant Apple Inc. (AAPL) gained a whopping 84% YTD (year-to-date). The stock is the best performing company on the Dow Jones this year.
Investors Keeping Their Fingers Crossed for Dish Wireless
The T-Mobile-Sprint merger would allow Dish to pick up their divested assets. Sprint’s prepaid wireless brands have over 8.4 million subscribers.
Dish Completes Rights Offering: How Big Is Its Funding Gap?
Last month, Dish Network set out to raise cash through a rights offering. Dish completed the rights offering and raised about $1 billion in cash.
Dish Stock Jumps after Chairman Mentions SoftBank in Merger Trial
Dish stock jumped after Dish Network Chairman Charlie Ergen mentioned financial support from SoftBank in the T-Mobile–Sprint merger trial. We’ll look at what this support means to Dish.
JPMorgan Chase Stock: What Can Investors Expect?
Keefe Bruyette & Woods downgraded JPMorgan Chase stock to “market perform” from “outperform.” The firm increased the target price to $135 from $128.
Dow Jones: Apple, MSFT, and Others Lead Gains Today
The Dow Jones Industrial Average has risen 1.15% today, gaining over 300 points. Total non-farm payroll employment rose by 266,000 jobs in November.
Ray Dalio, the Role of Credit, and the Economic Machine
Credit is the most important part of the economy, leading to increased spending, increased income levels, higher GDP, and faster productivity growth.
Raymond James Turns Bearish on Wells Fargo Stock
On December 2, Raymond James downgraded Wells Fargo to “underperform” from “market perform.” It expects revenue and margin headwinds to dent the stock.
BB&T and SunTrust Get Regulatory Nod to Merge
BB&T Corporation (BBT) and SunTrust Banks (STI) announced on November 19 that they’d received the necessary regulatory nod for their merger.
Can Tesla’s Pickup Truck Turn Analysts’ Tide in its Favor?
Yesterday, Deutsche Bank (DB) bumped up its target price for Tesla (TSLA) by 12% after the company revealed the Tesla pickup truck on November 21.
Apple Stock: JPM and Piper Jaffray Raised Its Target Price
Apple stock is trading 0.5% higher in pre-market trading today. On Friday, two investment banks raised Apple’s target price.
Goldman Sachs Settles Lawsuit but No “Mea Culpa”
Goldman Sachs (GS) settled a lawsuit that alleged it rigged bond prices. Also, Deutsche Bank agreed to pay a fine of $15 million to settle a lawsuit.
New Uber Bull Sees the Sell-Off as a Buying Opportunity
Yesterday, Argus Research upgraded Uber stock from “hold” to “buy.” Let’s look at Uber and Lyft’s recent analyst rating changes.
Wellington Management: Analyzing Its Top Holdings
Wellington Management filed its 13F on Wednesday. Based on the filing, the market value of total publicly traded securities was around $443.45 billion.
Berkshire Hathaway’s 13F: Will Buffett Surprise Us?
Berkshire Hathaway’s (BRK.B) (BRK.A) 13F filing should be out by tomorrow. Does Warren Buffett have a surprise up his sleeve?
Dimensional Fund Advisors’ Major Holdings in Q3
Dimensional Fund Advisors’ top buys are Apple (AAPL), AT&T (T), Microsoft (MSFT), L3Harris Technologies (LHX), and Verizon Communications (VZ).
Are Banks a Good Bet for Buffett and Berkshire?
Banks comprise around 30% of Warren Buffett’s portfolio by market value. Out of Berkshire Hathaway’s portfolio of 46 stocks, five are commercial banks.
Are Cryptocurrencies and PayPal a Risk for Banking?
Alternative options, such as cryptocurrencies or payment platforms like PayPal (PYPL), may impact banks in the long term. They are here to stay.
Why Bank Stocks Weren’t Impacted by Fed’s Rate Cut
Shares of large US banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo were trading in the green in the after-hours.
Must-Know: Credit and Liquidity Risks in Banking
The top risks that every bank faces are credit risk and liquidity risk. We’ll look at the banks that managed this risk safely, and those that didn’t.
Understanding a Bank’s Operational and Business Risks
Banks experience operational risk in all daily bank activities, such as a check incorrectly cleared or a wrong order punched into a trading terminal.
Citigroup Stock: Valuation Gap Indicates Further Upside
Analysts expect Citigroup’s (C) EPS to increase at a double-digit rate in the coming quarters, which makes its valuation lucrative.
Amazon: Analysts Revise Target Price, Earnings Are a Concern
Amazon (AMZN) shares are trading close to 4% in early-market today. The company announced its third-quarter results on Thursday.
Bank of America Stock: Analysts Are Upbeat
Most of the analysts covering Bank of America stock recommend a “buy.” On Tuesday, Atlantic Equities upgraded the stock to “overweight” from “neutral.”
WeWork: Hello Softbank, Goodbye JPM and Neumann?
A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.
Why WeWork Is Losing OTC Investors
The WeWork IPO has gained a lot of attention in the last few weeks. The company seems to be facing a severe cash crunch, and it’s losing OTC investors.
Get Real: Misunderstood and Undervalued?
In today’s Get Real, we focused on Bill Ackman’s Berkshire Hathaway comments, Mexico’s major cannabis milestone, earnings season, and much more.
Bank of America: Strong Q3 Earnings, Falling Rate Concerns
Bank of America (BAC) had an impressive third-quarter performance. The bank’s revenues and earnings beat analysts’ expectations.
Dow Jones Gains 300 Points, United Health Rises 8%
The Dow Jones Industrial Index has gained close to 300 points today. The earnings season kicked-off. Several companies reported their quarterly results.
Goldman Sachs: Higher Provisions Hurt Its Q3 Earnings
Lower revenues dragged Goldman Sachs’s third-quarter earnings down. The company’s earnings missed analysts’ estimates and fell 24% YoY.
Citigroup: Lower Taxes, Share Buybacks Boost Q3 Earnings
Citigroup (C) announced stronger-than-expected third-quarter results today. The bank’s revenues were slightly ahead of analysts’ expectations.
Apple Stock Gains 50%, Drives Dow Jones Higher in 2019
Apple (AAPL) shares have gained close to 50% year-to-date. The stock is trading at $235.87, while it’s valued at $1.07 trillion.
JPMorgan Beats Q3 Estimates, Low Rates Are a Concern
JPMorgan Chase (JPM) posted better-than-expected third-quarter results. The bank’s revenues beat analysts’ expectations due to higher IB revenues.
Will Banks Have Disappointing Q3 Earnings?
Major US banks will announce their third-quarter earnings on Tuesday. Lower interest rates and more competition could impact their net interest margin.
Dow Jones: Apple, GS, INTC, and JPM Push Index Higher Today
So far, the Dow Jones Industrial Average has gained 165 points or 0.63% at the time of writing today. The Dow Jones Industrial Average ETF (DIA) has also risen.
Why FedEx Inspires ‘Limited Confidence’ Says Bernstein
Another prominent Wall Street analyst cut his rating on FedEx this morning. Bernstein’s David Vernon downgraded the stock to “market perform.”
Why Did Apple CEO Tim Cook Slam Private Cryptos?
Apple CEO Tim Cook dashed all hopes of a proprietary virtual crypto for the foreseeable future. Here’s why he’s “not comfortable with the idea.”
Dow Jones Falls by 300 Points, S&P 500 Falls 1.33% Today
The markets are trading lower today. The Dow Jones Industrial Average Index has fallen by 300 points or 1.14% at the time of this writing.
Apple Stock: Nomura Instinet Increased Its Target Price
Apple (APPL) stock received another target price upgrade today. Investment firm Nomura Instinet increased the stock’s target price from $185 to $205.
Apple Stock Gains with iPhone Production Boost
Apple has increased its iPhone 11 production by 8 million units, or 10% year-over-year. The news sent Apple stock 2% higher in early trading today.
Apple Stock Gains, J.P. Morgan Increases Target Price
Apple (AAPL) shares are trading 1.5% higher today at the time of this writing. Apple has gained today. J.P. Morgan increased its target price on the stock.
Trump Impeachment: Cramer and Wall Street Weigh In
On Tuesday, Nancy Pelosi, the speaker of the House of Representatives, formally ordered an investigation into President Trump’s impeachment.
Apple’s iPhone 11 Could Drive Fiscal 2020 Sales
Apple’s (AAPL) iPhone 11 preorders have been encouraging. Furthermore, demand for the iPhone 11, Pro, and Pro Max are exceeding supply chain expectations.
Verizon and Wells Fargo Are Getting on the Blockchain
Verizon (VZ) and Wells Fargo (WFC) are taking steps to integrate blockchain technology into their business models. Here’s why.
American Airlines Stock: Should Investors Buy It Now?
American Airlines (AAL) stock has had a rough ride so far this year. The current dip in its share price could be a buying opportunity for investors.
Why Is Bitcoin Stuck in a Holding Pattern?
If there’s one thing critics and fans agree on when it comes to Bitcoin, it’s the volatility factor. The moves are big, and timid investors need not apply.
Will the Rate Cut Force Trump to Abandon the Trade War?
In a second consecutive instance of monetary easing, the Fed cut the federal funds rate by 25 basis points to 1.75%–2% yesterday.
FedEx Stock: Analysts Downgrade It after Outlook Cut
FedEx (FDX) stock faced rating downgrades following its dismal first-quarter results and lower outlook for fiscal 2020.
Dow Jones Index Reverses Losses, Closes Up 0.13%
The Dow Jones Industrial Average Index rose 36.28 points for a 0.13% increase today. The S&P 500 Index gained 0.07% while tech ETFs mirrored that increase.
WeWork’s Failed IPO: What’s Really Worrying Investors
The We Company has pulled the plug on WeWork’s IPO. Are prospective investors worried that Adam Neumann will end up being another Elon Musk?
WeWork IPO Shelved, Unicorn Stocks Lose Luster
WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.
US Banking Sector: Key Trends and Outlook
Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.
An Overview of the US Banking Sector
The banking sector plays a pivotal role in our daily lives. This series explores the sector, its driving factors, and its key indicators and latest trends.
Trump Demands a 2% Rate Cut: 2020 Election Strategy?
Yesterday, in a series of late-night tweets, President Trump attacked the Federal Reserve and Jerome Powell again, calling them “boneheads.”
Why Did Banks Rise despite the Lower Outlook?
Top US banks lowered their NII guidance due to the lower interest rate environment. Bank stocks closed higher despite the guidance cut.
American Airlines Stock Rose 5.6% Last Week
American Airlines (AAL) stock rose 5.6% last week. There was continued momentum in American Airlines shares.
JPMorgan and Bank of America: Time to Buy Stocks
In August, JPMorgan Chase (JPM) and Bank of America Merrill Lynch (BAC) suggested that investors not buy just yet. Their opinions are now changing.
UBS Turns Bearish on Stocks, Recommends Gold Instead
On Monday, Bloomberg reported that UBS Global Wealth Management turned underweight on equities for the first time since the Eurozone crisis.
Lyft Stock Rises on Guggenheim Upgrade—More Upside?
Today, Lyft stock was up about 3% at 10:10 AM ET after Guggenheim upgraded it from “neutral” to “buy.” Guggenheim started covering Lyft in April.
Bank Stocks Falter despite Buffett’s Backing
Warren Buffett is betting big on bank stocks. Banks stock had an impressive financial performance in the first half of the year.
Investors’ Obsession with Yield Curve Inversion
You’ve likely heard about it in the financial press recently: this ominous, notorious thing called the “yield curve inversion.”
Gold: Mark Mobius Thinks Golden Years Are Ahead
Mark Mobius endorsed gold. He predicted that gold (GLD) might top $1,500, which came true. The commodity traded at $1,514.5 at 8:45 AM ET.
Why Is Beyond Meat Stock Rising Today?
Beyond Meat shares have risen today. The stock rose more than 7% in early market trading. J.P. Morgan upgraded the stock to “overweight” from “neutral.”
Could Volcker Rule Reforms Hurt in the Next Recession?
The US Comptroller of the Currency approved changes to the Volcker Rule. The rule originated after the 2008–2009 financial crisis.
JPMorgan and BofA: Don’t Buy the Market Dip Just Yet
JPMorgan Chase suggests waiting until September before returning to stocks. The markets will likely make new all-time highs in the first half of 2020.
Kudlow Doesn’t See a Recession, Trump Might Fear One
White House economic advisor Larry Kudlow doesn’t see a looming recession. However, recession fears grew as the yield curve inverted last week.
Bank Stocks Fell Due to Recession Fears
Major US bank stocks had a rough day on Wednesday. Notably, recession fears gripped the overall market. Investors shouldn’t rush to buy bank stocks.
WeWork IPO Filing: Revenues, Op Losses Double in 1H19
During the first six months of 2019, WeWork’s revenues and losses from operations almost doubled compared to the same period in 2018.
Beyond Meat: Movement or Just a Fad?
After Beyond Meat’s (BYND) stock rose to more than nine times its IPO price in less than three months, it fell 28% from its high of $234.9 on July 26.
Why Is GE Stock Surging Today?
General Electric stock got a boost today after remaining on a downward trajectory since the release of its second-quarter results on July 31.
The WeWork IPO: Will It Follow UBER or BYND?
WeWork is looking to raise about $3.5 billion with its IPO, making it the second-largest biggest IPO this year after Uber’s IPO in May.
Goldman Sachs: The Best Way to Beat the Trade War
On August 12, in a note, Goldman Sachs’s David Kostin said, “Services stocks have less exposure to trade conflict given they have lower foreign input costs.”
Chinese Stocks Concern JPMorgan and Goldman Sachs
On Monday, Bloomberg reported that JPMorgan Chase (JPM) and Goldman Sachs (GS) are cautious about their outlook for Chinese stocks.
Boeing MAX Crisis: More Pain for Three Big US Airlines
Southwest Airlines, American Airlines, and United Airlines own 72 Boeing (BA) 737 MAX planes. The airlines have already lost billions of dollars in foregone revenues.
Amazon Cloud’s Rise Has Drawn the Fed’s Attention
Some of the top US financial services companies host their data on Amazon’s cloud. Amazon’s rise in the financial sector has caught the Fed’s attention.
Fed’s Rate Cut Weighed on Big Banks’ Stocks
The Fed announced a 25 basis point rate cut on Wednesday to a target range of 2%–2.25%. The Fed’s rate cut came after more than a ten-year hiatus.
Goldman Sachs Has Mixed Feelings about the S&P 500 in 2019
Goldman Sachs increased its year-end S&P 500 target to 3,100 from 3,000. It also reduced its 2019 earnings estimate for the S&P 500 by $6.
How Warren Buffett’s Banking Investments Look after Q2
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.
Should Warren Buffett Be Adding Banking Stocks?
In a regulatory filing, Berkshire Hathaway (BRK-B) revealed that it had increased its stake in Bank of America (BAC).
IBM Rattles Internet Giants as Blockchain Goes Global
IBM’s blockchain innovations are starting to get noticed. Three banks have teamed up with mall owner Scentre Group to test its blockchain platform.
Fund Managers Increased Risk but Still Fear Slowdown
Despite the markets hitting record highs, not many fund managers are in an optimistic mood.
Bank of America Posts Mixed Q2 Results Amid Rate Cut Concerns
On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.
PayPal Expands Xoom to Europe: Are Big Banks Paying Attention?
Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.
JPMorgan Beats Estimates, but Lower Interest Is a Worry
Despite its second-quarter earnings beat, JPMorgan Chase (JPM) was trading about 1.6% lower in the premarket session on Tuesday.
S&P 500: Why MS and JPM Are at Odds about Upside
In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P 500 (SPY) from 3,000 to 3,200 on July 15.
What to Expect from Big Banks’ Earnings This Week
Many big banks in the US plan to announce their second-quarter earnings this week.
Why JPM’s Chief Global Strategist Says a Rate Cut Won’t Help
J.P. Morgan’s (JPM) chief global strategist, David Kelly, told CNBC yesterday that he doesn’t think that rate cuts will boost the US economy.
What to Expect from JPMorgan Chase in Q2
JPMorgan Chase (JPM) is scheduled to announce its second-quarter results before the markets open on July 16.