April 16, 2021 | BAC, C, Daily JAM, Dividend Income, JPM, Jubak Picks, WFC |
Blow-out first quarter earnings results from the big banks didn’t produce huge gains this week–and that’s actually reassuring to me because it says a significant number of investors are still paying attention to fundamentals
January 10, 2020 | BAC, C, Daily JAM |
What with everything going 0n, I wouldn't be surprised if the start of earnings season next week has slipped your mind. Reports of fourth quarter earnings are actually fairly important this year because stocks trade near all time highs and estimates say that fourth...
July 16, 2019 | BAC, C, Daily JAM |
Th Federal Reserve gives and the Federal Reserve takes away. In 2018 JPMorgan Chase (JPM) reported the biggest profit in banking history--$32.5 billion--as a result of the December 2017 tax cuts and higher interest rates from the Fed. With the tax cuts now more a year...
April 22, 2019 | BAC, Daily JAM, Stock Alerts |
2018 was supposed to be a good year for bank stocks. Rising interest rates from the Federal Reserve would provide a positive environment for banks, bank revenues, and bank earnings. 2019 is likely to provide a negative backdrop for banks. The Fed is holding interest...
July 16, 2018 | BAC, Daily JAM, Stock Alerts |
Shares of Bank of America (BAC) closed 4.27% higher today after the company announced second quarter earnings of 63 cents a share, 6 cents a share above the Wall Street consensus. Revenue fell 0.9% year over year but at $22.6 billion it still exceeded the $22.5...
June 29, 2018 | BAC, Daily JAM, Morning Briefing |
With most of the country's banks passing the Federal Reserve's latest stress test yesterday--which leaves them free to increase dividends and buy back more shares--the financial sector is leading the markets higher this morning. As of 11 a.m. New York time the...
April 19, 2018 | BAC, Daily JAM, Stock Alerts |
On Monday Bank of America (BAC) reported first quarter earnings of 62 cents a share, 3 cents a share above Wall Street estimates. Earnings were up 51% year over year on a 4% increase of revenue to $23.1 billion. That was ahead of the consensus at $23.04 billion. Wall...
April 13, 2018 | BAC, Daily JAM, Morning Briefing, Short Term, Volatility |
Financial stocks led the Standard & Poor’s 500 higher on Thursday as the Financial Sector Sector SPDR ETF (XLF) gained 1.75% to beat the 0.83% rise in the S&P 500. Sure felt to me like the sector was anticipating the earnings reports from the big banks due on Friday morning before the market open. Earnings from the financial sector open first quarter earnings season.
January 22, 2018 | BAC, Daily JAM, Stock Alerts |
I'm adding shares of Bank of America (BAC) to my Dividend Portfolio today. The stock yields only 1.2% on trailing 12-month dividend payouts so why am I adding it to a portfolio dedicated to beating the yield on the 10-year Treasury bond? Because Bank of America has...
January 17, 2018 | BAC, Daily JAM, Morning Briefing |
Certainly no one cheered this morning when Bank of America and Goldman Sachs announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase and Wells Fargo last week, the big deal for investors was what these huge financial institutions had to say about future quarters. And on that Bank of America and Goldman Sachs delivered differing degrees of optimism
