Shares of $WFC fell more than 6% after the results. Currently, the bank's stock seems quite undervalued, and this drop creates an even more solid discount. I'm not buying since I already have $BAC in my portfolio , but this is a nice buying opportunity for me.
Hasanyone bought shares of $WFC?
📊✨ Today's results for Citigroup, JPMorgan Chase and Wells Fargo for Q2 2024!
Citigroup $C
Released financial results for Q2 2024. Net income reached $3.2 billion ($1.52 per share) on revenue of $20.1 billion. By comparison, in Q2 2023 , net profit was $2.9 billion ($1.33 per share) on revenue of$19.4 billion. This growth was supported by strong performance across the US banking...
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🗓️Klíčové events of the coming week!
Earnings season starts again this week and as usual the biggest banking houses in the USA along with PepsiCo. Here is a summary of the interesting events that are coming up and that may influence the markets.
👨⚖️Tuesday: Chairman Fed Chairman Jerome Powell will be speaking before Congress on the state of the economy and monetary policy. Key...
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Again a great summary and opinion on the banks, I think they will be good numbers too, after all they are benefiting from ever higher rates. I hold $JPM long term and am very happy, I have nice numbers there and will continue to hold, I don't expect a drop.
I actually have a very similar view. The company is quality, but I only have $JPM in the banking sector and I'm not going to change that. Moreover, the stock is coming off a solid run and near the top where it was in 2015. It's in a very strong zone. I don't know if it can break out.
📈 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...
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Giant US banks have passed the Fed's stress test.
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.
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