Martes 13/10/20 Índice de los pequeños negocios

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Martes

Eventos económicos

Índice de los pequeños negocios
Inflacion

TUESDAY, OCT. 13
6:30 am NFIB small-business index Sept. -- 100.2
8:30 am Consumer price index Sept. 0.2% 0.4%
8:30 am Core CPI Sept. 0.2% 0.4%

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LAST CHG %CHG
Crude Oil Futures 39.51 0.08 0.20
Brent Crude Futures 41.80 0.08 0.19
Gold Futures 1916.60 -12.30 -0.64
Silver Futures 24.860 -0.411 -1.63
DJIA Futures 28712 -86 -0.30
S&P 500 Futures 3520.25 -12.55

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6.26 296.32 2.56
Japan: Nikkei 225 23590.23 31.54 0.13
UK: FTSE 100 6001.38 -15.27 -0.25
Crude Oil Futures 39.51 0.08 0.20
Gold Futures 1916.60 -12.30 -0.64
Yen 105.42 0.10 0.10
Euro 1.1796 -0

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57.09 1.64
China: Shanghai Composite 3348.90 -9.56 -0.28
Japan: Nikkei 225 23585.55 26.86 0.11
UK: FTSE 100 6001.38 -15.27

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https://lta.reuters.com/article/salud-c ... AKBN26X2OG

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JPMorgan Chase reported third-quarter earnings – here are the numbers
PUBLISHED TUE, OCT 13 20206:16 AM EDTUPDATED 3 MIN AGO
Hugh Son
@HUGH_SON
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.
Adam Galica | CNBC
JPMorgan Chase reported its third-quarter earnings before the opening bell Tuesday.

Here’s how the company did:

Earnings: $2.92 per share, vs. $2.23 expected by Refinitiv.

Revenue: $29.94 billion, vs. $28.3 billion expected by Refinitiv.

Reserve build: $104 million, according to FactSet

Trading Revenue: Fixed income $4.53 billion, Equities $1.67 billion



JPMorgan, the biggest U.S. bank by assets, is also the first major lender to report earnings. The company will be closely watched for clues on how banks are weathering the impacts of the coronavirus pandemic.

The key question for the third quarter: Whether American banks will show that they’re largely done setting aside money for loan defaults tied to the pandemic.

JPMorgan alone has added more than $15 billion to loan reserves in the first half of the year, leaving it with $32 billion for expected defaults at the end of June. Analysts are expecting the firm to set aside a much smaller amount for losses in the third quarter.

For instance, Barclays analyst Jason Goldberg wrote last week in a note that he expected the bank to build third-quarter reserves by $857 million, less than 10% of what the bank set aside in the previous quarter.

The fate of the industry is closely tied to the pandemic because unemployment and business disruptions caused by the virus impacts the abilities of customers and companies to repay debts.


Analysts also expect JPMorgan to book costs tied to the firm’s record $920 million settlement to resolve probes from federal agencies over its role in the manipulation of global markets for metals and Treasurys.

Despite that reputational stain, a bright spot for banks has been trading, which has benefited from surging volatility and the Federal Reserve’s unprecedented actions to prop up credit markets. At JPMorgan, the bank’s trading division was headed for a revenue increase of 20% compared with the year earlier, CFO Jennifer Piepszak said last month at a conference.

JPMorgan shares have dropped 27% this year through Monday, but banks may be due for a rebound. The KBW Bank Index has declined 30% this year, the biggest gap in performance compared to the S&P 500 Index in at least 80 years, Barclays noted last week.

This story is developing. Please check back for updates.

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LAST CHG %CHG
Crude Oil Futures 40.13 0.70 1.78
Brent Crude Futures 42.35 0.63 1.51
Gold Futures 1926.70 -2.20 -0.11
Silver Futures 25.140 -0.131 -0.52
DJIA Futures 28621 -177 -0.61
S&P 500 Futures 3524.50 -8.30 -

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https://www.wsj.com/articles/jpmorgan-p ... 98?mod=mhp

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-116

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Las utilidades de C superan las expectativas.

Citigroup earnings top the Street as credit costs from the pandemic stabilize
PUBLISHED TUE, OCT 13 20207:27 AM EDTUPDATED 3 MIN AGO
Hugh Son
@HUGH_SON
Fred Imbert
@FOIMBERT
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
Citigroup reported on Tuesday better-than-expected results for the third quarter, sending the stock up more than 1%, as the company’s credit costs from the pandemic stabilized.

Here’s how the banking giant’s results compared to Wall Street estimates:

Earnings: $1.40 per share vs. 93 cents a share expected, according to Refinitiv.
Revenue: $17.3 billion vs. $17.2 billion expected

“We continue to navigate the effects of the COVID-19 pandemic extremely well. Credit costs have stabilized; deposits continued to increase,” CEO Michael Corbat said in a statement.

Citigroup reported that net credit losses declined to $1.9 billion in the third quarter from $2.2 billion in previous three-month period.

Citigroup, the third-biggest U.S. bank by assets, is in the midst of a major management change.

Last month, the bank announced that longtime CEO Michael Corbat would be replaced by his deputy Jane Fraser in February, marking the first big Wall Street bank to have a female CEO.

Corbat’s departure was hastened by a sagging share price and pressure from regulators, CNBC reported last month. Last week, the bank agreed to pay a $400 million penalty for failing to address “several longstanding deficiencies” in its risk controls.


Besides forcing it to improve its risk management, regulators can now reject acquisitions sought by the bank and push for changes to management or the board if necessary.

This story is developing. Please check back for updates.

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Los futures a la baja.

-109

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https://lta.reuters.com/article/comerci ... AKBN26Y1K1

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https://lta.reuters.com/article/economi ... AKBN26Y1H5

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LAST CHG %CHG
DJIA 28764.19 -73.33 -0.25
S&P 500 3528.78 -5.44 -0.15
Nasdaq Composite 11877.84 1.59 0.01
Japan: Nikkei 225 23601.78 43.09 0.18
UK: FTSE 100 5969.58 -31.80 -0.53
Crude Oil Futures 40.12 0.69 1.75
Gold Futures 1905.10 -23.80 -1.23
Yen 105.59 0.27 0.25
Euro 1.1765

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LAST CHG %CHG
DJIA 28761.04 -76.48 -0.27
S&P 500 3524.16 -10.06 -0.28
Nasdaq Composite 11910.65 34.39 0.29
Japan: Nikkei 225 23601.78 43.09 0.18
UK: FTSE 100 5957.18 -44.20 -0.74
Crude Oil Futures 40.09 0.66 1.67
Gold Futures 1894.60 -34.30 -1.78
Yen 105.53 0.21 0.20
Euro 1.1742