【Stock Prediction】Guess which bank is a big winner this week ?
Click to vote. Guess which bank is a big winner this week ? If you get correct answers, you can get 10 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.Fourth-quarter earnings season kicks off this week with the major US investment banks set to report and provide their outlooks on the economy heading into the end of the year.$Citigroup(C)$, $Wells Fargo(WFC)$,$Bank of America(BAC)$ and $JPMorgan Chase(JPM)$.
When analyzing bank earnings, it is important to remember that banks make money in three ways: net interest margin, trading, and fees from services such as investment banking and asset management.
Currently, the rising interest rate environment could help some banks increase their net interest margin, since they are now charging more for any new loans and credit products they are approving. In addition, non-performing loans (NPLs) are increasing at the same time, as borrowers are unable to repay their outstanding credit as interest rates increase.
Over the past few weeks, inflation has come down and the U.S. Federal Reserve is expected by some to pivot to a less aggressive stance. There is optimism that this will not be a long-lasting recession, and that pressure on the consumer from inflation and interest rates will ease.
Even if this outlook proves to be overly optimistic, it is still expected good results from the banks, with decent earnings and attractive dividend yields. It’s uncertain whether it will be seen dividend increases, however, as banks wait to see how steep the economic slowdown will be. Trading revenues could be down due to declining markets, but it is expected to see a bit of a pickup on that front on the holiday season. U.S. Big Banks Q4 Earnings Are Coming. Here’s What To Expect
The calendar below shows the six US banks that report results in the period.Can you predict which bank will be the big winner this week?
🎁Reward
- Click to vote. Guess which bank is a big winner this week ? If you get correct answers,you can get 10 Tiger Coins. $Citigroup(C)$, $Wells Fargo(WFC)$, $Bank of America(BAC)$ and $JPMorgan Chase(JPM)$
- Reply and forward this post, share your insights about bank's financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
- The deadline for this event is 17:00 on Friday, January 13th.
🔥Don't forget to follow@Tiger_Earnings, Tiger's official account for providing key information during earnings season📖📖📖
Can you predict which bank will be the big winner this week?(Single choice)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.
I voted JPMorgan Chase, it's in my watchlist for some time, thought to add into my portfolio if got 💰💰💰💰 [LOL]
🌟🌟🌟美国银行是美国经济的领头羊。因此，美国银行业巨头的良好收益报告对经济来说将是个好消息。
我投票$美国银行(BAC)$
因为它是美国最被低估的银行。其股价在过去一年下跌了30%，上涨潜力最大。华尔街分析师也持乐观态度，其中24人表示买入，目标价中值为39.25美元，潜在涨幅为15%。
美国银行也是沃伦·巴菲特最大的银行股票投资。
美国银行预计将公布每股83美分的季度收益，增长1.2%，收入预计为243亿美元，同比增长10.2%。在过去的4个季度中，美国银行的每股收益3次超过普遍预期。
目前的股息率为2.58%。
我相信美国银行的股价会在本周五的收益报告后上涨。
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Past 6 months performance of C, WFC, JPM & BAC.
JPM up 14%, the rest nearly unchanged/underperform
Might re-test old resist of $143.50
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As the Federal Reserve continues to raise rates, banks would be expected to see their net interest income rise in Q4 2022. But the earnings impact from higher rates isn't quite that simple. As rates rise, so do banks' costs on deposits. In addition, the increased cost of money has put a damper on new stock and debt issues as well as mergers and acquisitions, businesses where Wall Street banks that traditionally earned hefty fees. And with inflation raising wages and other costs, the estimates for banks' Q4 earnings are mostly lower than the year-ago results. Analysts have also been lowering their earnings estimates for Q4 more than they've been increasing them.