JPMorgan Chase kicks off bank earnings on July 14.
Big banks will kick off earnings season next week, with JPMorgan Chase first out of the gate before the stock market opens on July 14.Of course there’s the risk of recession and other worries. But bank stocks have declined more than the broader market this year. Naturally,... Big banks will kick off earnings season next week, with JPMorgan Chase first out of the gate before the stock market opens on July 14.Of course there’s the risk of recession and other worries.
The banks are also trading for less than half the full index’s P/E. That is remarkable, based on the same comparisons for 10, 15 and 20 years: What economic scenario do you expect? If you believe the U.S. economy is heading over a cliff, it might be time for some very conservative moves in your investment portfolio. But what if the Federal Reserve’s efforts to quell inflation are already bearing fruit? Maybe we’re in for a smooth landing?
How analysts view the banks The following two tables summarize analysts’ views of the largest 20 U.S. bank holding companies by total assets. In a note on June 16, Bove wrote that Citi’s “cash-like position is greater than its common equity,” and that recession-fears were hanging heavily on the stock. He rates Citi a “buy,” and called the bank “a one-stop shop for corporations that operate globally,” because of its dominant position in foreign-exchange markets.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Soaring inflation expectations raise odds of super-sized Bank of Canada hikeBank of Canada\u0027s latest surveys of business and consumer expectations show growing doubt about its ability to put a lid on inflation
Weiterlesen »
‘Virtue signaling’: Bank sparks exodus of customers over pronoun policyCustomers are withdrawing funds and closing accounts after a British bank told them to leave if they didn’t agree with a new pronoun policy.
Weiterlesen »
Bank of England Panel Calls for Enhanced Crypto Regulation to Limit ContagionThe bankofengland Financial Stability Committee called for enhanced regulation to mitigate against the risks that crypto assets might pose to the wider financial system. camomileshumba reports.
Weiterlesen »
Bank of England calls for 'enhanced' crypto regulatory frameworkThe UK's central bank called for regulatory clarity on crypto and reiterated its expectations for stablecoins in its latest financial stability report.
Weiterlesen »
B.C. RCMP identify twin brothers as Saanich bank shooting suspectsICYMI: B.C. RCMP identify twin brothers as Saanich bank shooting suspects
Weiterlesen »
WSJ News Exclusive | China’s Covid Isolation Spurs Beijing-Based Development Bank to Open Overseas OfficeAbu Dhabi is among the preferred locations for an interim office of the Asian Infrastructure Investment Bank, according to people briefed on the matter, as the multilateral lender grapples with China’s strict Covid rules on overseas travel.
Weiterlesen »