America’s big money center banks kick of second quarter earnings next week. Core commercial and consumer banking franchises are expected to show improved profitability. However, there is continued weakness in investment banking and concerns are rising over the banking sector’s exposure to commercial real estate, asset quality is being scrutinized in earnings. Signs of asset quality deterioration are a risk. JPMorgan Chase (JPM), Citigroup (C), BlackRock (BLK), State Street (SST) and Wells Fargo (WFC) reporting Q2 results on Friday July … Continue reading “Big Banks Kick Off Second Quarter Earnings Season with Citigroup, JPMorgan, State Street and Wells Fargo”
Big Banks Kick Off First Quarter Earnings Season with Citigroup, JPMorgan, PNC and Wells Fargo
America’s big money center banks kick of first quarter earnings next week. There will be extra attention on them with the recent banking turmoil. Guidance will be keenly watched for from the money center banks. Concerns are rising over the banking sector’s exposure to commercial real estate. JPMorgan Chase (JPM), Citigroup (C), PNC Financial Services Group, Inc. (PNC) and Wells Fargo (WFC) reporting Q1 results on Friday. We got a preview from JPMorgan CEO Dimon saying that banking system is … Continue reading “Big Banks Kick Off First Quarter Earnings Season with Citigroup, JPMorgan, PNC and Wells Fargo”
Big Banks Kick Off Fourth Quarter Earnings Season with Citigroup, JPMorgan, Bank of America and Wells Fargo
America’s big money center banks kick of fourth quarter earnings this week. FactSet expects the ‘Big 7’ to post $28 billion in fourth-quarter profits, which is down 15% from a year earlier. JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC). and Wells Fargo (WFC) reporting Q4 results on Friday. Goldman Sachs (GS) and Morgan Stanley (MS) will report next Tuesday January 17 and PNC Financial Services Group, Inc. (PNC) and Charles Schwab Corp (SCHW) on January 18. Truist … Continue reading “Big Banks Kick Off Fourth Quarter Earnings Season with Citigroup, JPMorgan, Bank of America and Wells Fargo”
Charles Schwab Client Assets Fell $1.4 Trillion to $6.6 trillion in the Third Quarter
Stockbroker Charles Schwab reported better than expected third quarter earnings before the open Monday. However, the source of the beat was record quarterly revenues from a 44% jump in interest revenue to $2.9 billion. The same high interest rates that have cruelled the stock market. This is what concerns investors. $SCHW stock went from up 3% on the initial headlines when Schwab management said the results were “strongest quarterly performance in company history,” A deep dive into the report sent … Continue reading “Charles Schwab Client Assets Fell $1.4 Trillion to $6.6 trillion in the Third Quarter”
Interactive Brokers Revenue Surges With Margin Brokerage Accounts
Interactive Brokers reported better than expected second quarter earnings after the close Tuesday as did its competitor Charles Schwab $SCHW earlier. $IBKR saw huge jumps in revenue from brokerage and interest from higher margin trading.
Charles Schwab Earnings Surge With Record Trading Volumes and Revenue
Stockbroker Charles Schwab reported better than expected second quarter earnings before the open Tuesday. $SCHW gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. Competitor Interactive Brokers $IBKR report after the close.
Charles Schwab To Buy TD Ameritrade as Discount Broker War Heats Up
Stockbroker Charles Schwab $SCHW,the largest U.S. discount brokerage, is to buy TD Ameritrade $AMTD it was announced Thursday. Schwab has gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. However competiton has seen brokerage rates plummet, Interactive Brokers $IBKR and E-Trade are two remaining competitors.
Charles Schwab and Interactive Brokers Revenue Double in Bull Market
With the incredible bull market in U.S. stock markets to record highs stockbrokers Interactive Brokers $IBKR and Charles Schwab $SCHW are set to report earnings with huge jumps in revenue expected.