Big Bank Earnings Preview: Grab rewards by guessing the market winner!
Hi, mooers! Q4 earnings season is looming. Are you ready for it? ![]()
On Friday, major banks including $JPMorgan(JPM.US$ , $Citigroup(C.US$ , $Bank of America(BAC.US$ , and $Wells Fargo & Co(WFC.US$ are releasing their quarterly earnings. How will the market react to the companies' results? Let's make a guess! ![]()
Rewards
(Vote will close at 9:30 AM ET Jan 12)
Book live earnings conference on moomoo:
JPMorgan Q4 2023 earnings conference call (January 12, 8:30 AM ET)
Bank of America Q4 2023 earnings conference call (January 12, 11:00 AM ET)
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : The US banks are expected to report mixed Q4 earnings, as they deal with higher interest rates, inflation, geopolitical risks, and regulatory pressures. $JPMorgan (JPM.US)$ may lead the pack with its diversified business and strong capital markets. Citigroup, Bank of America, and Wells Fargo may lag behind with lower loan demand, higher deposit costs, and weaker fee income. Goldman Sachs and Morgan Stanley may excel with their investment banking and wealth management segments. The outlook for 2024 may be cautious, but the banks may have some positive surprises.
Just Born : I believe JP Morgan will still be the leader in the banking sector in US. Their quarterly financial earnings will be attractive.
ZnWC : JP Morgan will make the biggest gains in Friday's intraday trading.
JPMorgan Chase & Co. (in short JP Morgan) is a multinational financial services and the largest bank in the US and the world's largest bank by market capitalization as of 2023. In May 2023, CNBC reported JPMorgan Chase was developing a new tool for investment advisers using artificial intelligence called IndexGPT. Via trademark filing, this would rely on a "disruptive form of artificial intelligence" and cloud computing software to select investments for customers. This move was a sign the bank intended to launch AI product amid the development ChatGPT.
The bank has a long history of lawsuits. The latest was benefiting and closing their eyes to Epstein's sex trafficking operations. In September 2023, JPMorgan agreed to a $75 million settlement with the United States Virgin Islands Department of Justice for its alleged facilitation and failure to notify law enforcement of Epstein's illegal activities.
The company reported a higher than expected during the Q3 earnings last year. Its revenue of $39.87 billion, up 21.9% over the same period last year and EPS came in at $4.33, compared to $3.12 QOQ. Despite the negative reports and bearish market conditions, I think the bank has a great potential to reach a greater height given its size and far-sightedness.
KhaiZ : biggest bank in US
Koroi46 : JP MORGAN will be the market winner
小trader : I believe JP Morgan will do relatively better than it’s peers.
The acquisition of First Republic Bank in May 2023 is expected to continue positively influencing JPMorgan Chase's financial performance, particularly contributing to its net interest income (NII). Although the Federal Reserve maintained rates in the quarter, the current policy rate is at a 22-year high of 5.25-5.5%. Alongside the First Republic Bank deal, this is likely to have boosted JPMorgan's net interest margin (NIM) and NII. However, a slowdown in deposit growth and rising funding costs might have slightly impacted NIM. Investors are mindful of risks related to geopolitical issues, inflation, and high rates. Despite these factors, overall, I anticipate revenues to remain relatively stable compared to the previous year.
103214829 : good
104354135 : Follow
Javier Tann : Great. Looking forward to