Reply To: Traders Market Weekly: Expect the Unexpected


JPMorgan Chase (JPM 111.53, +2.16, +1.97%): beats by $0.27, beats on revs; Expect 4Q22 net interest income of ~$19B and FY2022 of ~$66B, market dependent
Morgan Stanley (MS 77.45, -1.87, -2.36%): misses by $0.04, misses on revs
Wells Fargo (WFC 42.92, +0.54, +1.27%): beats by $0.21, beats on revs
UnitedHealth (UNH 514.73, +4.82, +0.95%): beats by $0.35, reports revs in-line; guides FY22 EPS in-line
PNC (PNC 154.52, +3.05, +2.01%): beats by $0.09, beats on revs; issues downside guidance for Q4 (Dec)
Boeing (BA 134.09, +1.69, +1.28%): United (UAL) aiming to purchase 100 widebody jets, according to Bloomberg
Albertsons (ACI 27.90, -0.73, -2.55%): to be acquired by Kroger (KR); ACI shareholders to receive total consideration of $34.10/share; cash component of the $34.10 per share consideration will be reduced by the per share amount of the special cash dividend, which is expected to be approximately $6.85 per share
McDonald’s (MCD 247.62, +0.87, +0.35%): raises quarterly dividend by 10% to $1.52 per share
Beyond Meat (BYND 13.65, -1.13, -7.65%): lowers outlook; cuts workforce; targeting cash flow positive in 2H23; disclosed Philip E. Hardin notified the Company that he is stepping down as the Chief Financial Officer and Treasurer effective October 12, 2022 to pursue another opportunity
Delta (DAL 31.23, +0.85, +2.80%): Cowen upgrades to Outperform from Market Perform