Reply To: Traders Market Weekly: Markets Await Big Bankers Earnings

#35447
Truman
Participant

JPMorgan Chase (JPM 130.00, -1.54): -1.2% after missing EPS estimates. The provision for credit losses was $1.5 billion, reflecting a net reserve build of $902 million. CEO Jamie Dimon said, “we remain optimistic on the economy, at least for the short term … but see significant geopolitical and economic challenges ahead due to high inflation, supply chain issues and the war in Ukraine.”
BlackRock (BLK 719.00, +2.17): +0.3% after beating EPS estimates on below-consensus revenue.
First Republic Bank (FRC 155.73, +0.68): +0.4% after beating EPS estimates. The bank also announced an increase of $0.05 in its quarterly cash dividend to $0.27 per share.
Delta Air Lines (DAL 40.97, +2.35): +6.1% after beating top and bottom-line estimates. The company guided Q3 (Sep) revenue below consensus.
Fastenal (FAST 59.20, +1.51): +2.6% after beating EPS estimates.