Hello investors, what do you think about the current strengthening of banking companies, as an example $JPM-PK or $WFC? Anyone buying more stocks from this sector?
This week, the results season gets underway again. On the schedule we have $PEP, $JPM, $WFC and $BLKresults . What are your expectations? Do you think the results will be more positive and the markets will continue to rise?
📊 US banks under pressure: Recession fears shake the market!📉
US bank stocks are losing ground, a direct result of growing fears of a possible recession. Investors are turning to safer assets, fleeing a sector that is closely linked to the state of the economy.
Citigroup $C, along with Wells Fargo $WFC, recorded the biggest loss over the past five daysby more than 13 %, followe... Read more
All I have from the US is $BAC. If one buys shares of those big banks, I don't think one has much to worry about. I would be much more afraid of the small ones.
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.
📊✨ 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... Read more
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... Read more
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... Read more
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.
Only the biggest banks make sense to me, but the prices are pretty high right now, so I'll wait to make any more purchases.