Integrated Banks

JPMorgan profit falls but beats estimates while Morgan Stanley misses

JPMorgan profit falls but beats estimates while Morgan Stanley misses

JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest income in the coming quarter. In a busy day for bank earnings, Wells Fargo & Co. WFC, +2.75% fell short of earnings target but its stock rose …

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S&P 500 would be in an 'earnings recession' if not for this one booming sector -- but that may not last long

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long

Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an earnings recession if it were not for one high-flying sector in 2022: energy. Higher oil prices have led to …

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long Read More »

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI does not reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that …

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JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the beginning of the year has already exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity quant Marko Kolanovic. While more Wall Street …

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline Read More »