📊 What is the current state of the financial market? JPMorgan's Jamie Dimon shares his thoughts and concerns in his recent letter to shareholders. 🏦
🔍 Dimon highlights the risks associated with inflation and interest rates that could be higher than markets expect. Global events are impacting markets around the world. 🌍
💼 Big government spending, efforts by the Federal Reserve to... Read more
📈 This week we have several key events that may affect the markets! 🌍
Here's my list of highlights and events I'm waiting for. The most important, however, is the start of the next earnings season, which is traditionally kicked off by the biggest banking houses in America.
The start of the week won't be very interesting, but things will get going onWednesday . In the US , we'll... Read more
U.S. bank JPMorgan $JPM reported fourth-quarter fiscal 2023 net income per share of $3.04. It then generated record earnings per share of $16.23 for the full year. Historically, it was the most profitable year for $JPM, with the bank making a profit of $49.6 billion. Will this year be even better for me?
💼💹 Bank JPMorgan $JPMusalong with other US banks today announced results for 4Q 2023. For the quarter, it reported net income of $9.3 billion ($3.04 per share). For the full year, net income is $49.6 billion ($16.23 per share). That's a decent chunk of change, which is part of why it's the largest bank in the US. Buoyed by better lending margins and the acquisition of failed... Read more
Shares of US banks have been rising solidly recently. Shares of $BAC are up about 12% over the past month and shares of $JPM are up about 9%. I've been buying quite a bit of $BAC stock around the $28 price and the current growth and appreciation obviously makes me happy.
Which bank stocks do you have in your portfolio and what is the appreciation on them?
What is your favourite stock from the banking sector? As far as I can see, the best known stocks like $BAC or $C are trading well below their highs. Compared to $JPM, which is holding up relatively well. Which player in this sector is your favorite?
I've been getting some news from the banks popping up a lot lately. Although it's not quite my cup of tea, I've written quite a few posts on them over the past few weeks and today I'll continue again with the popular and familiar $JPM
I'm not going to write any direct news today, rather I just want to give space to discuss how you think this first busy week is going so far and JPMorgan's outlook for today's Fed meeting, which I'm sure we will all be watching closely. 😊
Great, nicely written again. I'm also interested in the results of a few companies and the Fed didn't surprise in the end and raised interest rates by 25bps. I'm really enjoying this week😁.
Last week we started with the results of the big banks, today the continuation in the form of Bank of America. $BAC
Another one of the biggest US banks and Warren Buffett's favorite bank unveiled its results and they were above expectations. The bank jumped a percentage point higher in pre-trading hours.
I recently bought shares of $BAC as the stock is at a nice price. However, I am thinking of buying more shares of $JPM, but the stock is currently too high.
What stocks from the banking sector are included in your portfolio and what bank stocks are you planning to buy?
I have $BAC and a little less in $JPM. I'm not going to buy any banks right now, I expect the Fed to keep raising rates, so for now I'm waiting to see where the market goes in the second half of the year.
Whose results will you be watching this week? For me, it's definitely JPMorgan $JPM, which I continue to hold in my portfolio. Analysts here are expecting year-over-year earnings per share growth (about 30%) and sales up about 20% from last quarter. That doesn't look bad at all, so I'm hoping it turns green on Friday.
The five largest U.S. banks said Friday they will return more cash to shareholders after passing the Fed's stress tests early last week, a show of strength that reinforces the gap between the industry giants and smaller regional rivals.
To make matters worse about the AI - Jamie Dimon (CEO and billionaire) of $JPM announced on Thursday that JPMorgan is currently already developing a ChatGPT-like AI app that will give personalized investment advice and recommendations to the bank's clients.
But this one got away, it was here a while ago and another quarter is already over :) Definitely the end of the week - banks.