To The Moon

https://www.tipranks.com/news/article/jpm-vs-bac-which-bank-stock-is-the-better-buy

It's hard to tell under such turbulent conditions 

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

Ezy way Eazy money I love this

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

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

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

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 

$Citigroup(C)$ 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.

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

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.

$Bank of America(BAC)$ 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

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

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

Bank earnings coming

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,

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

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

U.S. stocks ended the first week of October with three major indexes rising. In a sign that the U.S. labor market remains tight, the Bureau of Labor Statistics reported on Friday that nonfarm payrolls rose to 336,000 jobs in September, well above expectations of 170,000. The U.S. unemployment rate came in at 3.8 percent in September, higher than the expected 3.70 percent, while average hourly earnings growth slowed, which analysts said highlighted an increase in labor supply that could help ease wage inflation.Talks have dawned on a strike by the United Auto Workers union against GM, Ford and Stellantis, with GM agreeing to produce electric vehicle batteries under a comprehensive deal that would not expand the scale of the strike.The Information reported on Friday that Microsoft will fulfi

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

$JPMorgan Chase(JPM)$ , $Citigroup(C)$ , $BlackRock(BLK)$ , and $Wells Fargo(WFC)$ will kick off the financial sector’s reporting season on October 13, followed by $Bank of America(BAC)$ and $Goldman Sachs(GS)$ on October 17, and $Morgan Stanley(MS)$ on October 18.Financials performance by sector: Insurance industry is the standoutThe Financials sector is expected to see a 8.7% year-over-year earnings growth rate, ranking fourth among all sectors.The Insurance industry is the standout performer with a 64%

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

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

In 3Q23, $Straits Times Index(STI.SI)$ generated a 2.1% total return, bringing its 9-month total return to 3.3%. For the quarter, the STI marginally outpaced the FTSE ASEAN Extended 60 Index and FTSE Asia Pacific Index, which saw total returns of 1.1% and a decline in total return of 1.1%, respectively, in SGD terms. For much of the quarter, the STI consolidated on moves in the preceding quarter with the average daily STI high in 3Q23 at 3,249 just 4 points lower than in 2Q23, and the 3,225 average daily STI low in 3Q23 just 5 points lower than in 2Q23.Fueled by the announcement by Saudi Arabia and Russia to extend their voluntary oil production cuts through the end of this year, Brent Crude Oil gained 27% to US$95/bbl in 3Q23 and has sinc

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

$Citigroup(C)$ $NASDAQ(.IXIC)$  Citigroup is a global diversified financial service company that provides a broad range of financial products and services to consumers and corporations. Citigroup offers services globally, including consumer banking and wealth management, corporate and investment banking, securities brokerage, cash management and transaction services. Citi operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia, and Europe, Middle East and Africa (EMEA). Investment Overview Overhang of complex restructuring and regulatory watch; Banamex sale stalled. New CEO Jane Fraser continues to execute on the com

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

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

Let's see what the banks results are with the high interest rates now. It's the most crucial.//@Tiger_Earnings:😀Hi Tigers,The Q3 earnings season will really get going when the big banks start coming out with their quarterly numbers in 13-October.Now I invite you to take a closer look at next week's top 20 stocks that are expected to post positive EPS that could exceed data from the same period last year.1. Why EPS Matters?Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.Investors like companies with high profita

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

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

Earnings Calendar (09Oct2023) The above is the monthly calendar for the new Q3/2023 season. For the coming week, there are a few earnings of interest that include Pepsico, Delta, Domino’s Pizza, Citi, BlackRock, Wells Fargo, JP Morgan and United Health. Let us look at the recent performance of BlackRock. The Performance of BlackRock (BLK) - will BlackRock continue to sink? The above is the 10-year performance of BLK. It has an impressive 10-year median of 50.8% Gross Profit, 39.3% for pre-tax income and 24.1% FCF. Though there was a dip in annual revenue from 2021 to 2022, the business remains highly profitable and remains one of the biggest financial institutes in the world. The above shows the 1-year performance of BLK and it was on a recent downtrend after hitting a 52-week high of

$Bank of America(BAC)$ 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

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,

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.

$Citigroup(C)$ 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.

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

https://www.tipranks.com/news/article/jpm-vs-bac-which-bank-stock-is-the-better-buy