March 30, 2021 | Daily JAM, Morning Briefing |
You can judge the stock market’s mood pretty accurately today, Tuesday, March 30, from just a few price movements. Take a look at the performance of bank stocks, the small cap Russell 2000, the CBOE VIX “fear index,” and technology stocks to see where we’re likely to be headed for the rest of this week.
March 25, 2021 | C, Daily JAM, Dividend Income, KBWB, Perfect Five-ETFs, USB |
U.S. banks that pass their next stress tests will be allowed to raise their dividends after June 30, the Federal Reserve said today, March 25. The Fed will also lift any remaining restrictions on stock buybacks.
January 10, 2021 | Daily JAM |
Bank earnings will start off fourth quarter earnings season. Friday, January 15, brings reports from JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) before the market open. The big test will be whether these banks can deliver news that’s good enough to keep the stocks rising after huge gains in the last three months.
October 13, 2020 | Daily JAM, Morning Briefing |
This morning JPMorgan Chase (JPM) reported a "surprise" jump in earnings in the third quarter. The problems in that "surprise" were in the nature of the surprise. A good part of the "surprise" wasn't a surprise. The bank reported a 30% increase in revenue from its...
October 12, 2020 | Daily JAM, Morning Briefing |
The big banks kick off third quarter earnings reports tomorrow, Tuesday, October 13 with JPMorgan Chase (JPM) due to report before the open. The analyst consensus is that the bank will earn $1.93 a share, down from the $2.68 a share earnings in the September quarter...
October 3, 2020 | Daily JAM |
...expect the upcoming earnings season to, somehow, edge its way into investor and trader minds, as jam-packed as they already are with issues ranging from the coronavirus pandemic to the November 3 election. The big banks kick off third quarter earnings reports the...
July 14, 2020 | C, Daily JAM, JPM, Morning Briefing, WFC |
“I don’t think anybody should leave any bank earnings call this quarter simply feeling like the worst is absolutely behind us and it’s a rosy path ahead,” Citigroup (C) CEO Michael Corbat said this morning as he announced the bank's second quarter earnings. “We don’t...
July 13, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
At the high point during the day, the Dow Jones Industrial Average was up 2.2%. It closed with a gain of just 0.1% for the day. The trend wasn't limited to U.S. stocks. The iShares MSCI Emerging Markets ETF (EEM) was up 1.26% at noon New York time but closed off 0.67%...
July 11, 2020 | Daily JAM |
...the start of earnings season on Tuesday, July 14 when JPMorgan Chase (JPM) kicks off second quarter reports. The most important event of the week, I'd argue, however, is the Netflix (NFLX) earnings report after the close on Thursday, July 16. That report and the...
June 25, 2020 | Daily JAM |
After the close for the New York markets, the Federal Reserve announced the results of its newest round of stress tests on 34 big U.S. banks. For the first time, the Fed added scenarios for a V-shaped recession and recovery; a slower, U-shaped recession and recovery;...
May 18, 2020 | Daily JAM, Morning Briefing |
As of 1 p.m. New York time today, May 18, the Standard & Poor's 500 is up 3.17% and the Dow Jones Industrial Average is higher by 3.60%. The NASDAQ Composite has climbed 2.47% and the Russell 2000 small cap index is ahead 5.29%. The iShares Emerging Markets ETF...
May 1, 2020 | Daily JAM, JPM, WFC |
As economic indicators go, this isn't one that I follow in normal times. In normal times banks are happy to accept an application for a home equity loan from anyone who owns a house. Real estate is a good credit risk. In normal times. But if you're still looking for...