The FMHR traders are split on whether JPMorgan's better-than-expected results pushing indices toward record highs is an "all-clear" signal.
CNBC's Wilfred Frost dissects JPMorgan's better-than-expected earnings as shares rally on the earnings beat.
*First quarterly rise in underlying UK sales for 3 years. LONDON, April 13- Tesco, Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace. Hammered by changing shopping habits, the rise of German discounters Aldi and Lidl, and an accounting scandal, Tesco reported a...
Get over the earnings gloom, says UBS's investment chief. Here are three reasons why the "earnings recession" is almost over.
Fallout from loans and sliding investment banking revenue could have disparate impact at other big banks.
*1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. "We expect results will be best in class and may be a rare example of a bank stock this quarter where consensus estimates could remain steady post results," Goldman Sachs analyst Richard Ramsden wrote in a client note.
April 13- Wall Street was set to open higher on Wednesday, helped by strong Chinese trade data and JPMorgan Chase& Co's higher-than-expected quarterly profit. Shares of JPMorgan, which kicked off Wall Street bank earnings, were up 2.3 percent at $60.65 in premarket trading. "I think all of these factors could cause a very volatile session today, notwithstanding a...
Bank stocks rose broadly JPMorgan Chase reported better-than-expected quarterly results.
CNBC's Wilfred Frost provides more detail on JPMorgan's quarterly earnings, including JPM CEO Jamie Dimon's comments after news five out of eight of the big banks do not have credible plans in their living wills.
*Forecast drop in 2016 non- OPEC supply is uncertain. LONDON, April 13- OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year. The Organization of the Petroleum Exporting Countries also said top exporter Saudi Arabia kept...
Some of the names on the move ahead of the open.
You don't have to predict bottoms, explains Joe Kinahan, TD Ameritrade chief strategist, in discussing the outlook for earnings and revenue growth; and Tom Atteberry, manager of the FPA New Income Fund and Absolute Fixed Income Strategy fund, looks at the health of the U.S. economy.
Discussing JPM's managing of issues with energy prices, and the bank's beat in quarterly earnings, with Marty Mosby, Vining Sparks director of bank and equity strategies.
JPMorgan posts earnings of $1.35 a share vs. $1.26 expected, and revenue at $24.08 billion.
JPMorgan beat EPS and revenue estimates in its quarterly report, raising its share buyback plan by $1.9 billion, with CNBC’s Wilfred Frost.
The bank's net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier. On a per-share basis, earnings fell to $1.35 from $1.45. Total revenue fell 3 percent to $24.08 billion, beating the average estimate of $23.40 billion, while revenue from fixed-income trading- often JPMorgan's most volatile business- fell 13.4...
U.S. stock index futures pointed to a higher open Wednesday, after some encouraging China data and earnings results from the first Dow component of the earnings season.
JPMorgan Chase reported profit that beat expectations, but revenue fell as costs to cover possible sour loans to troubled shale oil companies rose.
The bank's net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier. On a per-share basis, earnings fell to $1.35 from $1.45. Analysts had expected earnings of $1.26 per share, according to Thomson Reuters I/B/E/S.
Mary Ann Bartels, BofA Merrill Lynch, looks to a third quarter contraction in earnings.