Martes 14/07/20 Inflación
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 7:06 am
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 7:33 am
La inflación 0.6% vs 0.5% esperado.
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 7:36 am
JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit
PUBLISHED TUE, JUL 14 20206:26 AM EDTUPDATED 28 MIN AGO
Hugh Son
@HUGH_SON
Here’s how JPMorgan did: Earnings of $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv.
Revenue of $33 billion, compared with the $30.3 billion estimate.
Trading revenue surged 79% to a record $9.7 billion as bond and equities trading exceeded expectations.
Bond traders posted revenue of $7.3 billion, a 120% increase from a year earlier, crushing the $5.84 billion estimate by almost $1.5 billion. Equities traders posted revenue of $2.4 billion, beating the $2.07 billion estimate.
“Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,” CEO Jamie Dimon said.
WATCH NOW
VIDEO04:38
Here’s a breakdown JPMorgan’s Q2 earnings results
JPMorgan Chase on Tuesday reported second-quarter profit that beat analysts’ expectations on record trading revenue bolstered by surging volatility and the Federal Reserve’s unprecedented actions to prop up credit markets.
The bank posted earnings of $4.69 billion, or $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv. Revenue of $33 billion exceeded the $30.3 billion estimate. Shares of the New York-based lender were up 1.6% in premarket trading after initially jumped 4% after the earnings report’s release.
“Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,” CEO Jamie Dimon said in the release. “However, we are prepared for all eventualities as our fortress balance sheet allows us to remain a port in the storm.”
JPMorgan, the biggest U.S. bank by assets, is the first major lender to report earnings for the period that ended in June. The company is closely watched for clues on how the coronavirus pandemic is impacting banks’ retail and institutional businesses. While the company set aside $8.9 billion for expected loan losses across the firm, crimping results in the lender’s giant retail bank, better-than-expected revenue in its Wall Street operations helped offset some of that pain.
The bank’s traders handily exceeded expectations that were already heightened for the quarter after managers said in late May that markets revenue was headed for a 50% increase. It jumped by 79% to a record $9.7 billion, fueled especially by strong fixed income trading.
Bond traders posted revenue of $7.3 billion, a 120% increase from a year earlier, crushing the $5.84 billion estimate of analysts surveyed by FactSet by almost $1.5 billion. Equities traders posted revenue of $2.4 billion, beating the $2.07 billion estimate. The retail banking division, however, posted a $176 million loss, compared with a $4.2 billion profit a year earlier, driven by the addition of loan loss reserves.
The key question investors have is whether the second quarter will represent the nadir for bank profits this year: Big banks are expected to show the largest loan loss provision for any quarter since the Great Recession because of the pandemic, according to analyst Jason Goldberg of Barclays.
The fate of the industry is tied closely to the path of the coronavirus because the unemployment caused by states shutting down their economies impacts the abilities of customers to repay debts.
Dimon said in May that the odds were “pretty good” that the economy would rebound in the second half of the year, driven by the reopening. But that scenario could be threatened by the recent progression of the coronavirus, which has already forced some states to reverse course and shutter businesses again.
While bank stocks have rebounded from their March lows, they have underperformed the broader indexes, which have been buoyed by the roaring technology sector.
One factor keeping bank stocks down: Low interest rates have pressured net interest margin, a key measure of profitability in the banking sector. The industry’s loan books have also begun to shrink, driven in part by lower credit card usage and the fear of rising defaults.
PUBLISHED TUE, JUL 14 20206:26 AM EDTUPDATED 28 MIN AGO
Hugh Son
@HUGH_SON
Here’s how JPMorgan did: Earnings of $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv.
Revenue of $33 billion, compared with the $30.3 billion estimate.
Trading revenue surged 79% to a record $9.7 billion as bond and equities trading exceeded expectations.
Bond traders posted revenue of $7.3 billion, a 120% increase from a year earlier, crushing the $5.84 billion estimate by almost $1.5 billion. Equities traders posted revenue of $2.4 billion, beating the $2.07 billion estimate.
“Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,” CEO Jamie Dimon said.
WATCH NOW
VIDEO04:38
Here’s a breakdown JPMorgan’s Q2 earnings results
JPMorgan Chase on Tuesday reported second-quarter profit that beat analysts’ expectations on record trading revenue bolstered by surging volatility and the Federal Reserve’s unprecedented actions to prop up credit markets.
The bank posted earnings of $4.69 billion, or $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv. Revenue of $33 billion exceeded the $30.3 billion estimate. Shares of the New York-based lender were up 1.6% in premarket trading after initially jumped 4% after the earnings report’s release.
“Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,” CEO Jamie Dimon said in the release. “However, we are prepared for all eventualities as our fortress balance sheet allows us to remain a port in the storm.”
JPMorgan, the biggest U.S. bank by assets, is the first major lender to report earnings for the period that ended in June. The company is closely watched for clues on how the coronavirus pandemic is impacting banks’ retail and institutional businesses. While the company set aside $8.9 billion for expected loan losses across the firm, crimping results in the lender’s giant retail bank, better-than-expected revenue in its Wall Street operations helped offset some of that pain.
The bank’s traders handily exceeded expectations that were already heightened for the quarter after managers said in late May that markets revenue was headed for a 50% increase. It jumped by 79% to a record $9.7 billion, fueled especially by strong fixed income trading.
Bond traders posted revenue of $7.3 billion, a 120% increase from a year earlier, crushing the $5.84 billion estimate of analysts surveyed by FactSet by almost $1.5 billion. Equities traders posted revenue of $2.4 billion, beating the $2.07 billion estimate. The retail banking division, however, posted a $176 million loss, compared with a $4.2 billion profit a year earlier, driven by the addition of loan loss reserves.
The key question investors have is whether the second quarter will represent the nadir for bank profits this year: Big banks are expected to show the largest loan loss provision for any quarter since the Great Recession because of the pandemic, according to analyst Jason Goldberg of Barclays.
The fate of the industry is tied closely to the path of the coronavirus because the unemployment caused by states shutting down their economies impacts the abilities of customers to repay debts.
Dimon said in May that the odds were “pretty good” that the economy would rebound in the second half of the year, driven by the reopening. But that scenario could be threatened by the recent progression of the coronavirus, which has already forced some states to reverse course and shutter businesses again.
While bank stocks have rebounded from their March lows, they have underperformed the broader indexes, which have been buoyed by the roaring technology sector.
One factor keeping bank stocks down: Low interest rates have pressured net interest margin, a key measure of profitability in the banking sector. The industry’s loan books have also begun to shrink, driven in part by lower credit card usage and the fear of rising defaults.
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 7:37 am
Citigroup shares rise after bank reports better-than-expected earnings on strong trading results
PUBLISHED TUE, JUL 14 20207:40 AM EDTUPDATED 4 MIN AGO
Fred Imbert
@FOIMBERT
Here’s how Citigroup’s results compared to Wall Street expectations
Earnings: 50 cents per share vs 28 cents per share expected
Revenue: $19.77 billion vs $19.12 billion forecast
Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast
WATCH NOW
VIDEO01:49
How Citi’s Q2 earnings compare to JPMorgan’s, Wells Fargo’s results
Citigroup reported on Tuesday second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue that helped offset a slowdown in the company’s consumer banking business.
Here’s how the company’s results compared to analyst estimates:
Earnings: 50 cents per share vs 28 cents per share expected by Refinitiv
Revenue: $19.77 billion vs $19.12 billion forecast
Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast by FactSet
The bank’s stock rose more than 1% in the premarket.
Citigroup’s fixed income trading revenue represents a 68% year over-year surge and accounted for most of the company’s Markets and Securities Services revenues, which rose 48% to $6.9 billion.
Those elevated trading numbers come amid heightened market volatility during the coronavirus pandemic. They also come on the heels of massive monetary stimulus from the Federal Reserve. Equity trading revenue dipped 3% to $770 million, however.
Citigroup’s global consumer banking division struggled during the second quarter, with revenues falling 10% to $7.34 billion on a year-over-year basis. Net credit losses, meanwhile, jumped 12% year over year to $2.2 billion. Ultimately, the company posted net income of $1.32 billion, which represents a 73% drop from the second quarter of 2019.
“While credit costs weighed down our net income, our overall business performance was strong during the quarter, and we have been able to navigate the COVID-19 pandemic reasonably well. The Institutional Clients Group had an exceptional quarter, marked by an increase in Fixed Income of 68%,” CEO Michael Corbat said in a statement.
“With a sharp emphasis on risk management, we are prepared for a variety of scenarios and will continue to operate our institution prudently given this unprecedented situation,” Corbat added.
Citigroup shares are up nearly 12% the last three months through Monday’s close, outperforming peers such as JPMorgan Chase, Wells Fargo and Bank of America. JPMorgan and Bank of America were roughly flat in that time and Wells lost 19.2%.
The bank announced in late June it would maintain its quarterly dividend after passing the Federal Reserve’s annual stress test.
Citigroup’s results Tuesday come in what is expected to be the one worst earnings season on Wall Street. Analysts polled by Refinitiv expect S&P 500 earnings to have fallen by 44% on a year-over-year basis.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the
PUBLISHED TUE, JUL 14 20207:40 AM EDTUPDATED 4 MIN AGO
Fred Imbert
@FOIMBERT
Here’s how Citigroup’s results compared to Wall Street expectations
Earnings: 50 cents per share vs 28 cents per share expected
Revenue: $19.77 billion vs $19.12 billion forecast
Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast
WATCH NOW
VIDEO01:49
How Citi’s Q2 earnings compare to JPMorgan’s, Wells Fargo’s results
Citigroup reported on Tuesday second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue that helped offset a slowdown in the company’s consumer banking business.
Here’s how the company’s results compared to analyst estimates:
Earnings: 50 cents per share vs 28 cents per share expected by Refinitiv
Revenue: $19.77 billion vs $19.12 billion forecast
Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast by FactSet
The bank’s stock rose more than 1% in the premarket.
Citigroup’s fixed income trading revenue represents a 68% year over-year surge and accounted for most of the company’s Markets and Securities Services revenues, which rose 48% to $6.9 billion.
Those elevated trading numbers come amid heightened market volatility during the coronavirus pandemic. They also come on the heels of massive monetary stimulus from the Federal Reserve. Equity trading revenue dipped 3% to $770 million, however.
Citigroup’s global consumer banking division struggled during the second quarter, with revenues falling 10% to $7.34 billion on a year-over-year basis. Net credit losses, meanwhile, jumped 12% year over year to $2.2 billion. Ultimately, the company posted net income of $1.32 billion, which represents a 73% drop from the second quarter of 2019.
“While credit costs weighed down our net income, our overall business performance was strong during the quarter, and we have been able to navigate the COVID-19 pandemic reasonably well. The Institutional Clients Group had an exceptional quarter, marked by an increase in Fixed Income of 68%,” CEO Michael Corbat said in a statement.
“With a sharp emphasis on risk management, we are prepared for a variety of scenarios and will continue to operate our institution prudently given this unprecedented situation,” Corbat added.
Citigroup shares are up nearly 12% the last three months through Monday’s close, outperforming peers such as JPMorgan Chase, Wells Fargo and Bank of America. JPMorgan and Bank of America were roughly flat in that time and Wells lost 19.2%.
The bank announced in late June it would maintain its quarterly dividend after passing the Federal Reserve’s annual stress test.
Citigroup’s results Tuesday come in what is expected to be the one worst earnings season on Wall Street. Analysts polled by Refinitiv expect S&P 500 earnings to have fallen by 44% on a year-over-year basis.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 7:38 am
As earnings reporting season kicks off, here are Goldman Sachs’ best contrarian picks for clients
PUBLISHED TUE, JUL 14 20206:20 AM EDT
Maggie Fitzgerald
@MKMFITZGERALD
Courtesy Peloton
(This story is for CNBC Pro subscribers only.)
Earnings season ramps up on Tuesday and Goldman Sachs has a list of stocks where its analysts are a lot more bullish than the rest of Wall Street heading into quarterly reports.
Goldman says its analysts are “out of the consensus” on these companies with higher estimates and more bullish views than the norm. The firm believes the rest of the Street will come around to its view with analysts revising estimates upward into and after the companies report results.
“Earnings revision stories have been an unusually potent source of alpha through the complex environment of the past few months,” Goldman Sachs derivatives analyst John Marshall told clients.
PUBLISHED TUE, JUL 14 20206:20 AM EDT
Maggie Fitzgerald
@MKMFITZGERALD
Courtesy Peloton
(This story is for CNBC Pro subscribers only.)
Earnings season ramps up on Tuesday and Goldman Sachs has a list of stocks where its analysts are a lot more bullish than the rest of Wall Street heading into quarterly reports.
Goldman says its analysts are “out of the consensus” on these companies with higher estimates and more bullish views than the norm. The firm believes the rest of the Street will come around to its view with analysts revising estimates upward into and after the companies report results.
“Earnings revision stories have been an unusually potent source of alpha through the complex environment of the past few months,” Goldman Sachs derivatives analyst John Marshall told clients.
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 8:36 am
CHG %CHG
DJIA 26058.28 -27.52 -0.11
S&P 500 3147.60 -7.62 -0.24
Nasdaq Composite 10386.91 -3.93 -0.04
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6139.49 -36.70 -0.59
Crude Oil Futures 39.32 -0.78 -1.95
Gold Futures 1799.00 -15.10 -0.83
Yen 107.33 0.04 0.04
Euro 1.1374 0.0028
DJIA 26058.28 -27.52 -0.11
S&P 500 3147.60 -7.62 -0.24
Nasdaq Composite 10386.91 -3.93 -0.04
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6139.49 -36.70 -0.59
Crude Oil Futures 39.32 -0.78 -1.95
Gold Futures 1799.00 -15.10 -0.83
Yen 107.33 0.04 0.04
Euro 1.1374 0.0028
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 8:48 am
CHG %CHG
DJIA 26108.85 23.05 0.09
S&P 500 3150.91 -4.31 -0.14
Nasdaq Composite 10373.93 -16.91 -0.16
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6132.21 -43.98 -0.71
Crude Oil Futures 39.51 -0.59 -1.47
Gold Futures 1803.20 -10.90 -0.60
Yen 107.30 0.01 0.01
Euro 1.1388 0.0042
DJIA 26108.85 23.05 0.09
S&P 500 3150.91 -4.31 -0.14
Nasdaq Composite 10373.93 -16.91 -0.16
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6132.21 -43.98 -0.71
Crude Oil Futures 39.51 -0.59 -1.47
Gold Futures 1803.20 -10.90 -0.60
Yen 107.30 0.01 0.01
Euro 1.1388 0.0042
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:06 am
LAST CHG %CHG
DJIA 26128.70 42.90 0.16
S&P 500 3136.64 -18.58 -0.59
Nasdaq Composite 10255.40 -135.44 -1.30
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6144.57 -31.62 -0.51
Crude Oil Futures 39.82 -0.28 -0.70
Gold Futures 1800.20 -13.90 -0.77
Yen 107.27 -0.02 -0.02
Euro 1.1396 0
DJIA 26128.70 42.90 0.16
S&P 500 3136.64 -18.58 -0.59
Nasdaq Composite 10255.40 -135.44 -1.30
Japan: Nikkei 225 22587.01 -197.73 -0.87
UK: FTSE 100 6144.57 -31.62 -0.51
Crude Oil Futures 39.82 -0.28 -0.70
Gold Futures 1800.20 -13.90 -0.77
Yen 107.27 -0.02 -0.02
Euro 1.1396 0
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:19 am
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Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:20 am
- admin
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- Registrado: Mié Abr 21, 2010 9:02 pm
Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:20 am
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- Registrado: Mié Abr 21, 2010 9:02 pm
Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:21 am
- admin
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- Registrado: Mié Abr 21, 2010 9:02 pm
Re: Martes 14/07/20 Inflación
por admin » Mar Jul 14, 2020 9:21 am
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