Shyon
07-14

I am excited to see the Q2 earnings season kicking off in earnest this week, especially with the spotlight on the big banks. The lineup includes Citi $Citigroup(C)$  , JPMorgan, Wells Fargo $Wells Fargo(WFC)$  , Goldman Sachs, BAC $Bank of America(BAC)$  , and Morgan Stanley, all set to release their earnings next week. It is a critical moment to gauge their performance, and I am looking forward to seeing how they navigate the current financial landscape.

Reflecting on Q1, I recall how the major banks delivered strong earnings and set a positive tone for the season. However, with earnings estimates being cut at the beginning of Q2, I am intrigued by the potential this creates. I believe these cuts might offer opportunities for the banks to exceed expectations, turning a challenge into a chance for an earnings beat.

I am generally bullish on these banking stocks, particularly for the short term. The volatile markets often play to the strengths of big banks, and I think they could benefit as usual. Their ability to adapt and capitalize on market fluctuations gives me confidence in their potential to perform well during this earnings season.

With major banks reaching new all-time highs, I am particularly optimistic about their future. Among the six banks, I find it hard to pick a single favorite, but I am leaning towards JPMorgan $JPMorgan Chase(JPM)$  and Goldman Sachs $Goldman Sachs(GS)$   due to their consistent performance and strong market presence. I believe their strategic positioning could drive impressive results.

I am also curious about how these banks will handle the current economic conditions. The cuts in earnings estimates might reflect caution, but I see it as a setup for potential outperformance. My bullish stance is fueled by the resilience these institutions have shown, and I am eager to see which ones will lead the pack.

Overall, I am hopeful that the Q2 earnings will reinforce my positive outlook. The combination of strong Q1 results, market volatility, and the banks' ability to set new highs makes me excited about their prospects. I will be closely watching their reports next week to see if my optimism pays off.

@Tiger_comments  @TigerStars  @CaptainTiger  

Profit Turnaround+High Growth! Hidden Gems of Earnings Season?
This earnings season is nearing its end — which companies beat expectations or turned profitable, and which ones deserve more attention? During past turnarounds, many growth stocks achieved outsized gains. High-growth companies that turned profitable include DASH, OKTA, NTNX, TMDX, TOST, and RELY. In addition, Chinese ADRs this season should not be overlooked. Niu Technologies turned profitable in Q2, with its stock surging over 30%. Bilibili profit turned around, but shares fell 6% yesterday. Miniso's TOP TOY Revenue +73% and Jumped 6% on Earnings, continued to surge.
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Comments

  • JimmyHua
    07-14
    JimmyHua
    Really pumped for Q2 earnings from the big banks this week.
  • riffy
    07-14
    riffy
    I share your excitement
    • Shyon
      [Cool] [Cool] [Cool]
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