Bank earnings coming! Surprise or Shock?

Big bank earnings are set to kick off Friday, October 13 with Citigroup (C), JPMorgan Chase & Co. (JPM), and Wells Fargo & Company (WFC) among the companies reporting. The banking sector continues to face several headwinds, which include higher costs and the impact of higher bond yields on the value of assets on their balance sheet. -------------- How do you expect bank earnings? Will big banks bring us surprise or shock?

avatardnp
2023-10-25
https://www.tipranks.com/news/article/jpm-vs-bac-which-bank-stock-is-the-better-buy
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avatarFrank Li hk
2023-10-23
It's hard to tell under such turbulent conditions 
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avatarChris23
2023-10-19

US Banks Warn of Potential Economic Downturn

The third quarter of 2023 has marked the commencement of earnings season for prominent U.S. banks, including $JPMorgan Chase(JPM)$, $Citigroup(C)$, $Wells Fargo(WFC)$, $Bank of America(BAC)$, and $Goldman Sachs(GS)$. These institutions have collectively reported robust results, primarily attributed to substantial interest income and diminished credit costs. Despite these impressive figures, the CEOs of these financial giants maintain a sense of caution, anticipating that such stellar outcomes might gradually return to a more normalized state as the Federal Reserve's interest rate hikes
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US Banks Warn of Potential Economic Downturn
avatarVal FIU fisiga
2023-10-18
Ezy way Eazy money I love this
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avatarShyon
2023-10-17

Bank sector 🏦💸🤑

My first sharing on the US bank stocks. Not really familiar with their fundamental honestly but I know most of these big banks are not too bad though. JPMorgan Chase, Wells Fargo and Citigroup reported stronger-than-expected profits on Friday, but the outlook remains cautious with a worsening geopolitical environment and some challenges emerging among people with lower credit scores. Thus, let's try to see the technical movement of these banks. Strongest chart To start with, without doubt, the strongest bank chart belongs to $JPMorgan Chase(JPM)$ , having an obvious uptrend and very close to its All Time High. I voted bearish due to the shooting star formed last Friday and followed by a long red candle
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Bank sector 🏦💸🤑
avatarWallStreet_Tiger
2023-10-17

Pharma and Insurance Stocks Hit New Highs With Earnings Beats and Analysts Upgrade!

1. Pharma stocks $Regeneron Pharmaceuticals(REGN)$ and $Vertex Pharmaceuticals(VRTX)$ hit new high of $853.97 and $374.45 respectively. $Regeneron Pharmaceuticals(REGN)$ three core value drivers are its eye disease drug Eylea (now available in a high-dose form), immunology drug Dupixent, and anti-cancer therapy Libtayo. FDA approved its high-dose Eylea in August.  $Vertex Pharmaceuticals(VRTX)$ is striving to develop treatments for APOL1-mediated kidney disease, non-opioid pain medications, rare blood disorders, and diabetes. 2. Insurance stocks $Arch Capital(ACG
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Pharma and Insurance Stocks Hit New Highs With Earnings Beats and Analysts Upgrade!
avatarMrzorro
2023-10-17
Bank of America's Balance Sheet Will Be All the Talk After Earnings Come Out Bank of America will have all eyes on its balance sheet when it reports third-quarter earnings before Tuesday's opening bell. The expectations for $Bank of America(BAC)$  are muted, especially compared with the strong showings last week from $JPMorgan Chase(JPM)$ , $Citigroup(C)$ , and $Wells Fargo(WFC)$ . Profit is expected to be $6.7 billion, slightly higher than the year-ago quarter, amounting to earnings of 83 cents a s
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avatarszasza
2023-10-17
So what is your favourite game of tennis.  It May be caused by the way you play it. It will never happen but you can experience the difference between the two and the coast. The contract size of the above bank statements is the kind Regards by the way you do not pay.  If you choose to pay for the night.  Maybe I’ll attach them to your birthday party 
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avatarWillieSenior
2023-10-16
$Citigroup(C)$ Citigroup's most significant challenge currently revolves around the consent decree, necessitating substantial technology investments. Once their internal systems are modernized, they can reduce in-house software development. Citigroup's latest quarterly presentation reveals that they retired over 290 technology applications year-to-date, replacing them with newer systems. While waiting for the stock to recover may be frustrating, it's worth noting that Citigroup is providing a 5% yield during this interim period.
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avatarWillieSenior
2023-10-16

C Citigroup Options Ahead of Earnings

C Citigroup Options Ahead of Earnings $Citigroup(C)$ If you haven`t bought the dip on Citigroup here:Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report,I had a little consideration about this and I would consider purchasing the 41.50usd strike price Calls withan expiration date of 2023-10-20,for a premium of approximately $1.06.If these options prove to be profitable prior to the earnings release, I would sell at least half of them.Looking forward to read your opinion about it.Source: tradingview
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C Citigroup Options Ahead of Earnings
avatarDanielWilson
2023-10-16
My current focus is on conducting a meticulous evaluation to identify the US bank that is both undervalued and financially secure, with a particular emphasis on $Bank of America(BAC)$ . I am actively working towards accumulating shares of this bank at its existing price levels. This investment strategy is driven by my informed belief that there is a strong potential for the value of these shares to double over a period of time. This expectation is grounded in a comprehensive analysis of the bank's financial health, market positioning, and growth prospects, and it reflects my commitment to capitalizing on an opportunity that combines both value and financial stability for optimal long-term growth.
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avatarDanielWilson
2023-10-16
$Bank of America(BAC)$ In order for me to adopt a bullish outlook, I would need to witness a significant price movement, specifically a breakout above the 27.7 level. This break would indicate a strong upward momentum and the potential for a sustained uptrend. Conversely, if the price were to breach the 26.25 threshold, it would trigger a bearish sentiment, signaling the possibility of a downward trend. These price levels serve as critical technical indicators that guide my market analysis, and their respective breaches would help me make informed decisions regarding the direction of the market. It's important to emphasize that these levels are pivotal and closely monitored as they can provide valuable insights into the ma
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avatarStickyRice
2023-10-15
Earn Baby Earn. $Nasdaq100 Bull 3X ETF(TQQQ)$  Higher interest rates have been a mixed bag for the nation's banks. Today's bank results, the kickoff to third-quarter earnings season, demonstrated the good part of the equation -- the ability to make more money on higher-rate loans. Earnings from JPMorgan Chase, Wells Fargo, and Citigroup all came in well above Wall Street estimates. To be sure, it's still early. There's no guarantee the good news will continue next week with more bank reports on the way, most notably from Charles Schwab, Bank of America, and Goldman Sachs. Each of those banks have unique issues that have proven challenging to their bottom lines.  Even at JPMorgan, CEO Jamie Dimon s
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avatarTigerOptions
2023-10-14

Banks Announce Earnings During Global Uncertainties

The third-quarter earnings season is upon us, and as it kicks off, it's happening against a backdrop of mounting concerns. The banking industry is a barometer for economic health, and the Q3 results will provide crucial insights into the sector's resilience amid a backdrop of ongoing challenges. Before we delve into that, let’s discuss a little about the economic uncertainties. Geopolitical tension, Fed's decision and rising prices The U.S. Treasury market is in a state of flux due to mounting uncertainties regarding the Federal Reserve's monetary policy. Chief among the concerns is the hazy trajectory of interest rate hikes, with dovish comments from Fed officials creating doubts about further tightening. Inflation remains a pressing issue, spurred by supply chain disruptions and rising
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Banks Announce Earnings During Global Uncertainties
avatarTatan
2023-10-14
Bank earnings coming
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avatarStickyRice
2023-10-13
JPMorgan Chase Q3 earnings beat helped by interest income, lower credit costs$JPMorgan Chase(JPM)$  JPMorgan Chase (JPM) Q3 earnings topped the average analyst estimate as net interest income rose more than expected and its provision for credit losses was lower than consensus. Both factors will "normalize over time," said Chairman and CEO Jamie Dimon. The results also include a full quarter of results from First Republic, which it acquired in May. The bank said it expects full-year net interest income of ~$88.5B, and ~$89B excluding Corporate & Investment Bank, compared with the ~$87B guidance it gave in July. The year's adjusted expense is expected to be ~$84B, excluding the FDIC special assessment related to systemic risk determination,
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avatarJinHan
2023-10-13

Unveiling the Upcoming Bank Earnings: Amid Opportunities and Challenges

As we approach the much-anticipated bank earnings season, investors are eagerly awaiting insights into the performance of key players in the banking sector. While the backdrop of a high-interest rate environment offers promising prospects, certain challenges loom on the horizon, prompting a cautious approach towards investing in US banks. In this article, we’ll delve into the intricacies of the banking sector, exploring the potential surprises in earnings, the impact of the current interest rate scenario, and the prudent investment strategies to consider in light of these developments. 1. Global Expansion of Key US Banks: A Decade of Strategic Growth • Key US banks, such as JPMorgan Chase, Bank of America, and Citigroup, have established a global presence over the years, expanding their r
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Unveiling the Upcoming Bank Earnings: Amid Opportunities and Challenges
avatarysawm
2023-10-13
As we approach the earnings season, the performance of big banks can be a topic of great interest and speculation. Earnings reports often carry significant implications for the broader economy and financial markets. While I can't predict specific outcomes, here are some factors to consider when pondering the upcoming bank earnings. Economic Conditions: Earnings of big banks are closely tied to the overall economic environment. A strong economy tends to boost bank profits, as it leads to increased lending, higher interest rates, and improved asset quality. On the other hand, an economic downturn can adversely affect earnings. Interest Rates: The interest rate environment plays a crucial role. When interest rates rise, banks generally benefit from higher net interest margins. Conversely, a p
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