Goldman Sachs misses Street’s expectations, sees shares fallCan good things come in fours?
JPM CEO Jamie Dimon is sometimes seen as the dean of Financial CEOs, and his words about the economy have a close following in the markets. Today, he again cited the strong consumer, but also sounded slightly cautious about the economy in general. It looks like weakness in GS’s investment banking division played a role in the disappointing results. GS “was stung by soured investments” in Q3, Bloomberg reported, noting the company’s investments in Uber and several other big names. It’s unusual to see GS miss on earnings, and media outlets said it hasn’t happened in two years.
WFC has struggled for a few years now in the wake of the fake bank accounts scandal, and its shares have lagged the performance of some of the other big banks so far this year. Seeing how NFLX climbed on Monday raises the question of whether it’s finally getting some love from investors after being left out of the show for a while. NFLX shares have been beaten up lately, but if the company can meet their numbers and say what investors want to hear tomorrow—even with DIS at the launching pad with Disney+—maybe today’s rally could look justified.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three before you leave — What to watch for Wednesday including Netflix, Bank of America earningsWe'll get earnings from Bank of America and Netflix, as well as retail sales on Wednesday
Source: CNBC - 🏆 12. / 72 Read more »
Bank earnings preview: The good times are coming to an endBanks’ earnings are expected to have held up well despite low interest rates. Still, the Fed’s policy change means difficult times ahead for most banks.
Source: MarketWatch - 🏆 3. / 97 Read more »
Market Should Open Higher As Bank Earnings Open StrongPositive results are despite the latest Fed rate cut.
Source: Forbes - 🏆 394. / 53 Read more »
Market Rallies Higher As Bank Earnings Open StrongIt looks like the Federal Reserve’s rate cut isn’t having as big of a negative impact on financial companies as Wall Street feared Even if rates go to zero banks will just make more fiat currency by increasing credit card rates and/or overdraft fees. Borrow at zero and fleece the consumers at 20%.
Source: Forbes - 🏆 394. / 53 Read more »
Here are the ETFs to watch heading into Big Bank earnings seasonWhich ETFs should investors watch as we head into Big Bank earnings? Chris Hempstead, former head of ETF sales for Deutsche Bank, and Todd Rosenbluth, CFRA, join BobPisani on ETFEdgeCNBC. Sponsored by InvescoUS. BobPisani ETFEdgeCNBC InvescoUS Watch them all as they FALL 🕸🎢 BobPisani ETFEdgeCNBC InvescoUS Msdnc has no cred😂🤣 BobPisani ETFEdgeCNBC InvescoUS Investment advice from Deutsche Bank What do I look like: a Russian mobster?
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan stands out amid deluge of bank earnings —Three experts on what it means for marketsEarnings season kicked off with mixed results for Big Banks. J.P Morgan stood out from the pack of bank stocks having beat analysts' low expectations. Watch three experts break down the numbers and what it means for the sector.
Source: CNBC - 🏆 12. / 72 Read more »