Coronavirus impact hits earnings — what Cramer and others are watching

are going to be providing that liquidity, that credit, the ability for companies to survive over the next couple quarters.

Aperture Investors Chairman and CEO Peter Kraus said it would be harder to gauge the outbreak's impact than some might think: "It portrays the difficulty that financial institutions are going to have in trying to estimate what the credit impact is on their books, both commercial impact, meaning for commercial lending, as well as residential lending through this recession. And I don't think we really have enough information right now. You know, you're a month-plus into this shutdown. We've seen delays in interest payments for a month. We really haven't seen more than that.

Marty Mosby, director of bank and equity strategies at Vining Sparks, forecast stability for stocks like JPMorgan's going forward: "We have to change our perspectives. It used to be returns and revenue growth. All that's basically where it was when we left it off. We now are focused completely on credit and how much capital do we have to be able to pay for the credit costs? If you look at the earnings that JPMorgan just released at 78 cents, that compares what they're paying in dividends of 90 cents, so, they basically earned their dividend, which is the first threshold.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UnitedHealth kicks off key health-care earnings seasonUnitedHealth Group earnings on Wednesday will provide the first window into the financial impact of the coronavirus crisis on the health-care industry. All these companies will be dumping expenses into this quarter. It will be ugly
Source: CNBC - 🏆 12. / 72 Read more »

Coronavirus Pandemic Crushed Chinese Smartphone Business, Slowly RecoveringThe coronavirus has had a devastating impact on the regularly thriving smartphone industry in China. Who gives a shit. Their lies caused deaths. I hope it crushes every Chinese sector. Millions of phone lines gone. Maybe they DIED. Only 3000+ in Wuhan no way jose
Source: TMZ - 🏆 379. / 59 Read more »

Houston’s Southern Smoke Foundation Has Distributed More Than $600K to Service Industry WorkersHouston’s Southern Smoke Foundation has distributed more than $600k to service industry workers (EaterHouston)
Source: Eater - 🏆 368. / 59 Read more »