【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]
🌟🌟🌟The US Banks are the bellwether of the US economy. So a good earnings report from the US Banking Giants will be great news for the economy.
I vote $Bank of America(BAC)$
as it is the most undervalued of the US Banks. Its share price has dropped 30% in the past year and has the greatest upside potential. Wall Street Analysts are also bullish with 24 of them saying it is a Buy with median target price of USD 39.25, a 15% potential increase.
Bank of America is also Warren Buffett's largest Bank stock investment.
Bank of America is expected to post quarterly earnings of 83 cents per share, up 1.2% and Revenue is expected to be USD 24.3 billion, up 10.2% from previous year quarter. Over the last 4 quarters Bank of America had beaten consensus EPS estimates 3 times.
The current dividend yield is 2.58%.
I believe that Bank of America share price will jump after its earnings report this Friday.
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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.