Trick or Trend: Did the market mis-interpret strong big bank earnings last week?
As we contemplate the extraordinarily strong earnings from Wall Street’s big banks last week, it’s important to remember that Wall Street isn’t Main Street.
Saturday Night Quarterback (on a Monday) says, For the week ahead expect…
Big bank earnings begin on Wednesday and Thursday. Unfortunately, won’t tell us anything useful about the margin pressures from rising global supply chain shipping costs or higher prices for raw materials. Those are the factors that could produce a quarter’s worth of warnings and unpleasant surprises once third quarter earnings season starts on October 13. But to learn about the effect of those margin pressures on earnings we’re going to have to wait for reports from the consumer and industrial companies that are on the front lines of these trends.
With Fed stress test behind them, banks announce deluge of dividend increases and share buybacks
That didn’t take long. On Thursday the Federal Reserve reported that all 23 big banks tested in its annual stress test, passed. Which means that the last remaining restrictions on dividend increases and share buybacks are now history. Yesterday big banks started to announce dividend increases
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
…earnings season to heat up after the big banks kicked off reporting on Friday. Tuesday brings more bank earnings from Bank of America (BAC) on Tuesday and Morgan Stanley (MS) on Wednesday before we move to big players in other sectors including Procter & Gamble (PG), Intel (INTC), and Netflix (NFLX).
Earnings season starts tomorrow morning with JPMorgan Chase and Citibank
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...
Saturday Night Quarterback says, For the week ahead…
...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...
Saturday Night Quarterback says, For the week ahead expect…
... what I'd call a pre-earnings season week of positioning. Traders and investors will be looking to get ahead of the first quarter earnings reports that begin next week with the big banks. And even more importantly they will be trying to get ahead of the guidance...
Estimates for bank earnings continue to move lower ahead of next week’s earnings reports
Bank stocks aren't doing badly today ahead of the start of earnings reports from the biggest banks starting on Monday. But to me it looks like today's slightly upward bias is a bet not on good earnings but that analysts have gone too far with their cuts to bank...
Not a good way to start earnings season: Bank stocks fall after earnings beats
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wall Street banks have a Main Street growth problem
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Market reacts to grim results from Bank of America and Wells Fargo with relief–earnings aren’t worse than expected
So here’s how this earnings season is playing out so far in the banking sector. Beat really grim forecasts for earnings and revenue in the first quarter, shares go up–see JPMorgan Chase yesterday.Come close to those grim estimates, and shares go up–see Bank of America today. Beat grim projections, but show trouble in a core business, and shares move down, slightly–see Wells Fargo today.
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