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

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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.
Source: nbcsandiego - 🏆 524. / 51 Read more »

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.
Source: ForbesTech - 🏆 318. / 59 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »