There is always earnings which

2023-01-13

There is always earnings which tells ppl how the company is doing... if this bank states that it is due to them keeping reserved money to boost up the earnings result than how true it will be anymore...

Reason banks wanting ppl to think recession is coming so that feds can increase interests and banks will follow suit...

Dow Falls More Than 250 Points As Bank Shares Decline on Recession Fears

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Comments

TKPK
2023-01-13
TKPK
thanks for sharing
VKHO44
2023-01-13
VKHO44
[Happy]
Tigeddy
2023-01-13
Tigeddy
G
HuiHua
2023-01-13
HuiHua
Ok
NP_YT
2023-01-13
NP_YT
Ok
Kc888
2023-01-13
Kc888
Ok

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Reason banks wanting ppl to think recession is coming so that feds can increase interests and banks will follow suit...","highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":19,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9958943818","repostId":1137050689,"repostType":4,"repost":{"id":"1137050689","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673620249,"share":"https://www.laohu8.com/m/news/1137050689?lang=&edition=full","pubTime":"2023-01-13 22:30","market":"us","language":"en","title":"Dow Falls More Than 250 Points As Bank Shares Decline on Recession Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1137050689","media":"Tiger Newspress","summary":"The stock market was set to end a winning week on a sour note as JPMorgan Chase led a decline in ban","content":"<html><head></head><body><p>The stock market was set to end a winning week on a sour note as JPMorgan Chase led a decline in bank shares after it warned a recession was its base case for the year.</p><p>The Dow Jones Industrial Average fell 303 points, or 0.9%, on Friday morning, while the S&amp;P 500 slid 1%. 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The Nasdaq Composite dropped 1.1% and was on pace to snap a five-day win streak.</p><p>JPMorgan Chase posted revenue that beat expectations, but the bank warned it was setting aside more money to cover credit losses because a “mild recession” is its “central case.” The bank posted a $2.3 billion provision for credit losses in the quarter, a 49% increase from the third quarter. The stock fell more than 2%.</p><p>Wells Fargo shares fell 2% after the bank reported its quarterly figures. Bank of America also fell 2% premarket despite reporting better-than-expected earnings for the fourth quarter.</p><p>Delta Air Lines also reported earnings and revenue that beat estimates for the final quarter of 2022. However, the stock slid more than 5% in the premarket.</p><p>Investors have been awaiting these results to gain more insight into the health of the economy.</p><p>“As the tug-of-war among analysts intensifies around the prospects for a recession — and the depth of a recession — the earnings reports from the banks, coupled with their guidance, should help clarify how businesses and consumers are managing,” said Quincy Krosby, LPL Financial’s chief global strategist.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137050689","content_text":"The stock market was set to end a winning week on a sour note as JPMorgan Chase led a decline in bank shares after it warned a recession was its base case for the year.The Dow Jones Industrial Average fell 303 points, or 0.9%, on Friday morning, while the S&P 500 slid 1%. The Nasdaq Composite dropped 1.1% and was on pace to snap a five-day win streak.JPMorgan Chase posted revenue that beat expectations, but the bank warned it was setting aside more money to cover credit losses because a “mild recession” is its “central case.” The bank posted a $2.3 billion provision for credit losses in the quarter, a 49% increase from the third quarter. The stock fell more than 2%.Wells Fargo shares fell 2% after the bank reported its quarterly figures. Bank of America also fell 2% premarket despite reporting better-than-expected earnings for the fourth quarter.Delta Air Lines also reported earnings and revenue that beat estimates for the final quarter of 2022. 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