JPMorgan is a dud every time it kicks off earnings season this year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Jpmorgan Chase & Co Nouvelles

Stock Markets,Investment Strategy,Business News

According to data from Bespoke Investment Group, the investment bank hasn't started off any of this year's earnings seasons on an upbeat note.

Earnings season is getting underway with JPMorgan Chase on Friday, but don't expect its third-quarter results to turn the market around. So far this year, the investment bank has not started the season off upbeat, as shares have fallen in every post-earnings trading session. That's even with the bank beating Wall Street's expectations in its last two earnings reports.

The remaining nine are neutral. Barclays in particular is one of those with a bullish stance. Analyst Jason Goldberg has an overweight rating on the stock, and his price target of $217 implies more than 2% upside from Thursday's close. The analyst expects operating earnings per share to come in three cents higher than consensus. However, he also noted that net interest income may be under pressure.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

How to position your investment portfolio for lower rates, according to expertsMoney managers suggest it could be time to load up on rate-sensitive assets as the Federal Reserve eases monetary policy.
La source: nbcsandiego - 🏆 524. / 51 Lire la suite »

Most Investment Banks Are Applying AI According To This StudyJohn Werner has created a career out of bringing ideas, networks and people together to generate powerful results. John is a Managing Director and Partner at Link Ventures. John's deep curiosity and penchant for problem-solving led him to a diverse set of roles spanning many fields and interests.
La source: ForbesTech - 🏆 318. / 59 Lire la suite »

These dividend stocks have a track record of solid fourth-quarter performance, Bespoke saysThis rocky October is only the beginning of a fourth quarter that's historically very strong for a few dividend-paying stocks, according to Bespoke.
La source: CNBC - 🏆 12. / 72 Lire la suite »