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Wall Street's Mixed Earnings: Fall in Interest Income Offsets Recovery in Investment Banking Revenue
Major banks' earnings took a hit in the first quarter as they faced a softer consumer banking sector and increased loan charge-offs.
Xiaomo: Target price for Dongfang Overseas International's “increase in holdings” rating reduced to HK$145
J.P. Morgan Chase released a research report stating that it “added” the rating to Dongfang Overseas International (00316), and the target price was reduced by 12% from HK$165 to HK$145. Considering OCW's operations in the second half of 2023 and the first quarter of 2024, J.P. Morgan believes that although the latest performance and dividend decisions are not impressive, OCEC's valuation is still attractive. The bank said that Orient Overseas International's revenue for the first quarter of this year increased by 21.9% compared to the previous quarter. Mainly due to the increase in comprehensive freight rates under the Red Sea situation. Also, spot freight rates have stabilized and are expected to rise. Two months after Lunar New Year
Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income
External market headlines: The Federal Reserve's Beige Book shows that the economy is expanding slightly, and the difficulty for companies to pass on costs has increased significantly, UBS is reportedly planning a new round of layoffs
The main headlines that global financial media shared their concerns last night and this morning: The Federal Reserve stated in its Beige Book report on a survey of business contacts in the region that the US economy has “expanded slightly” since late February, making it more difficult for companies to report rising costs. “Consumer spending has generally seen little increase, but reports vary widely across regions and spending categories,” the Beige Book report released on Wednesday said. “Several reports mention weak discretionary spending, and consumer sensitivity to prices remains high.” “Another frequent comment is that in recent months companies have passed on rising costs to elimination
Bank of America CEO: The Federal Reserve Is Winning the War on Inflation
JPMorgan Options Spot-On: On April 17th, 149.53K Contracts Were Traded, With 1.07 Million Open Interest
On April 17th ET, $JPMorgan(JPM.US)$ had active options trading, with a total trading volume of 149.53K options for the day, of which put options accounted for 60.08% of the total transactions, and ca
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