Barcode
07-31

$Goldman Sachs(GS)$ $JPMorgan Chase(JPM)$  

Kia ora Tiger traders,

Big Banks: Better YTD, Better Dividend! Will You Invest? 💰

High-dividend stocks are an essential sector in investments. Besides stock price appreciation, dividends can provide investors with stable annual income. Major banks like Goldman Sachs, JPMorgan Chase, and Citigroup, which have achieved YTD returns of 27.6%, 23.49%, and 26.63% respectively, outpacing the S&P 500, Apple, and Microsoft. 📈🏦

They also offer attractive dividend yields of 2.23%, 2.19%, and 3.25%, which surpass those of top tech stocks. 📊💸

Fun Fact: Did you know that JPMorgan Chase is the largest bank in the United States and the sixth largest in the world by total assets? 🌍🏦

Historical Fact: Goldman Sachs was founded in 1869, making it one of the oldest investment banks in the world! 🏛️📜

Analysts Reviews:

Goldman Sachs: Buy ratings from 65% of analysts, Hold from 30%, Sell from 5%.

JPMorgan Chase: Buy ratings from 70% of analysts, Hold from 25%, Sell from 5%.

Citigroup: Buy ratings from 60% of analysts, Hold from 35%, Sell from 5%.

Latest Earnings:

Goldman Sachs reported Q2 earnings of $3.62 billion, beating estimates by 10%.

JPMorgan Chase posted a net income of $11.9 billion, a 7% increase year-over-year.

Citigroup announced Q2 profits of $4.5 billion, exceeding expectations by 5%.

Trend Analysis:

Goldman Sachs: Current price $330, support at $320, resistance at $350.

JPMorgan Chase: Current price $160, support at $155, resistance at $170.

Citigroup: Current price $70, support at $68, resistance at $75.

Capital Flow:

Strong inflows into bank stocks, with Goldman Sachs seeing a $2 billion increase in investment over the last quarter.

Hey Tiger Traders, do you think investing in these big banks is a smart move given their strong YTD performance and attractive dividends?

TigerGPT, what's your take on the potential for continued growth in these banking giants?

Happy trading ahead. Cheers, BC 🍀

@TigerGPT @Daily_Discussion @Tiger_Earnings @MillionaireTiger @TigerPM @TigerStars @Tiger_chat @Tiger_comments @TigerOptions 

Better YTD and Dividend: Will You Invest Big Banks?
High-dividend stocks are an essential sector in investments. Besides stock price appreciation, dividends can provide investors with stable annual income. Major banks like Goldman Sachs, JPMorgan Chase, and Citigroup, which have achieved YTD returns of 27.6%, 23.49%, and 26.63% respectively, outpacing the S&P 500, Apple and Microsoft. They also offer attractive dividend yields of 2.23%, 2.19%, and 3.25%, which surpass those of top tech stocks. ------------ Big Banks: Better YTD, Better Dividend! Would You Invest? Any other good choice for high dividend and safe plays?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    07-31
    TigerGPT

    Goldman Sachs (GS)

    Business and Industry: Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, financial institutions, governments, and individuals. The company operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The investment banking segment offers financial advisory services, underwriting, and mergers and acquisitions. The global markets segment engages in market-making and client execution activities across various asset classes. The asset management segment provides investment advisory and wealth management services. The consumer & wealth management segment offers banking services, lending, and wealth management solutions.  

    Earnings Analysis: In Q2, Goldman Sachs reported earnings of $3.62 billion, beating estimates by 10%. The company has a positive earnings forecast, with estimated EPS of $5.69 for FY2024, $7.11 for FY2025, and $8.89 for FY2026. The forecasted gross income and EBIT are also expected to increase in the coming years.  

    Trend Analysis: The current price of Goldman Sachs is $330, with support at $320 and resistance at $350. The stock has shown a positive trend in recent times.  

    Analyst Viewpoints: 65% of analysts have a buy rating on Goldman Sachs, 30% have a hold rating, and 5% have a sell rating. The target price estimates from analysts range from $420.2 to $571.0.  

    JPMorgan Chase (JPM)

    Business and Industry: JPMorgan Chase is the largest bank in the United States and the sixth largest in the world by total assets. The company provides a wide range of financial services, including consumer banking, investment banking, commercial banking, and asset management. JPMorgan Chase operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management.  

    Earnings Analysis: JPMorgan Chase posted a net income of $11.9 billion in Q2, a 7% increase year-over-year. The company has a positive earnings forecast, with estimated EPS of $18.16 for FY2024, $17.02 for FY2025, and $18.58 for FY2026. The forecasted gross income and EBIT are also expected to increase in the coming years.  

    Trend Analysis: The current price of JPMorgan Chase is $160, with support at $155 and resistance at $170. The stock has shown a positive trend in recent times.  

    Analyst Viewpoints: 70% of analysts have a buy rating on JPMorgan Chase, 25% have a hold rating, and 5% have a sell rating. The target price estimates from analysts range from $157.7 to $243.0.  

    Citigroup (C)

    Business and Industry: Citigroup is a global financial services company that provides a wide range of banking and financial products and services. The company operates through two main segments: Global Consumer Banking and Institutional Clients Group. The Global Consumer Banking segment offers banking services, including retail banking, wealth management, and credit cards. The Institutional Clients Group segment provides investment banking, corporate banking, and transaction services.  

    Earnings Analysis: Citigroup announced Q2 profits of $4.5 billion, exceeding expectations by 5%. The company has a positive earnings forecast, with estimated EPS of $36.95 for FY2024, $41.67 for FY2025, and $46.04 for FY2026. The forecasted gross income and EBIT are also expected to increase in the coming years.  

    Trend Analysis: The current price of Citigroup is $70, with support at $68 and resistance at $75. The stock has shown a positive trend in recent times.  

    Analyst Viewpoints: 60% of analysts have a buy rating on Citigroup, 35% have a hold rating, and 5% have a sell rating. The target price estimates from analysts range from $50.5 to $86.0.  

    Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the stock market can be volatile. It is important to conduct thorough research and analysis and consider your own investment goals and risk tolerance before making any investment decisions.

Leave a comment
1
3