Hints and tips:
...JPMorgan Chase is expected to increase earnings most strongly, with a total of just 12 per cent growth between 2019 and 2022....
...JPMorgan Chase chief executive Jamie Dimon said his bank’s reserve for future loan losses could be as much as $10bn too high or $20bn too low....
...Goldman’s size means it did not benefit from the multibillion-dollar release of loan loss reserves that lifted Citigroup and JPMorgan Chase in the quarter....
...Bananas or not, the damage to Goldman from those bruising assumptions is manageable because the bank’s loan book is relatively small, at $128bn, about one-eighth the size of JPMorgan Chase’s....
...However, JPMorgan Chase chief executive Jamie Dimon on Tuesday predicted revenues could halve later in the year....
...JPMorgan Chase, the world’s biggest investment bank by revenues, kicks off the earnings season on Tuesday....
...Overall, Goldman did better than the 69 per cent drop in net income at JPMorgan Chase and the 46 per cent fall for Citigroup....
...The sobering figures from three of the biggest US banks came the day after JPMorgan Chase and Wells Fargo reported a combined $12.3bn of credit charges for the first three months of the year, as they ramped...
...Record investment banking fees helped JPMorgan Chase retain its Wall Street crown on Tuesday, while rival Goldman Sachs was knocked by a 27 per cent drop in profits following losses on tech investments such...
...That is still small compared with the four mega banks: JPMorgan Chase, Bank of America and Citigroup all have at least $2tn in assets, while Wells Fargo is there or thereabouts....
...Investment banking fees fell 15 per cent year-on-year, in a quarter when rivals JPMorgan Chase and Citigroup posted rises of 8 per cent and 4 per cent, respectively....
...On Tuesday, the blow came, and it landed on the strongest US bank of all, JPMorgan Chase; on Wednesday, it was Bank of America’s turn....
...JPMorgan Chase, which began to shrug off the damage of its London Whale affair, some 700 days after the story broke. But it is arguable that interest is waning....
...“You kind of give them the benefit of the doubt, because it’s Goldman,” says Marty Mosby at Vining Sparks in Memphis, about the consumer lending push....
...“Being able to produce and deploy capital and being able to produce improving earnings are two different things,” said Mr Mosby....
...Fundamental tailwinds are now in place for the [big banks] to continue generating the positive momentum that bank investors have been waiting for, even without any meaningful policy changes,” says Marty Mosby...
...JPMorgan Chase, Citigroup and Wells Fargo kick off first-quarter earnings for the sector on Thursday, and results from Bank of America, Goldman Sachs and Morgan Stanley follow the week after....
...It ranks sixth, far behind the largest operators led by Wells Fargo, Chase and Bank of America....
...At JPMorgan Chase, for example, bulls latched on to a rebound in fees from trading stocks and bonds in the fourth quarter, up 24 per cent from a year earlier....
...The bank echoed rivals JPMorgan Chase and Citigroup with a resurgence in bond trading....
...“The issues don’t go away because Tim Sloan is a different person now leading the company,” as Marty Mosby, analyst at Vining Sparks, put it....
...Marty Mosby, analyst at Vining Sparks, added: “There wasn’t a complete freeze as we went through Brexit....
...“Management has created a much more stable franchise than investors perceive,” said Marty Mosby, analyst at Vining Sparks in Memphis....
...Marty Mosby, an analyst at Guggenheim, said Mr Dimon lifted investors’ faith in the bank with his testimony. “It’s positive....
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