JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions

JPMorgan Chase (NYSE: JPM) kicked off fourth quarter earnings beating expectations but faced with higher expenses and slower trading activity. Revenue in the group’s investment banking division grew up 28% from the fourth quarter of 2020 to $3.2 billion, driven by higher fees from mergers and acquisitions and initial public offerings. with the other major money center banks along with the world’s largest investment management company. Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) are also reporting on Friday along with … Continue reading “JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions”

BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021

BlackRock (NYSE: BLK), the world’s largest investment management company kicked off fourth quarter earnings with the major money center banks. Q4 earnings rose 6% to $10.63 a share from $10.02 a share year earlier. Revenues rose 14% to $5.106 billion versus $4.5 billion. Net inflows rose to $211.7 billion, up from $126.9 billion the prior year. JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE: WFC) are also reporting on Friday. Investors look for insights into BLK, the market … Continue reading “BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021”

Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings

Citigroup (NYSE:C) kicks off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company. C is in the process of exiting its consumer banking business in 13 markets JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are also reporting on Friday along with BlackRock (NYSE: BLK). The earnings come after a week that has seen many banks stocks hit 52-week highs. Citigroup Q4 2021  Q4 2021 earnings before the open; conference call at … Continue reading “Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings”

Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings

Wells Fargo (NYSE: WFC) kicked off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company Friday. Q4 earnings of $5.75 billion, or $1.38 a share was well ahead of the forecast $4.5 billion, or $1.11 a share. Wells Fargo’s (ticker: WFC) revenue of $20.9 billion topped projections of $18.8 billion. The results showed a huge increase from last year when the bank earned 66 cents a share on $18.5 billion in … Continue reading “Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings”

Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock

The major money center banks along with the world’s largest investment management company kick off fourth-quarter earnings season, with JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) all reporting on Friday along with BlackRock (NYSE: BLK) who’s income from its ETF and investment management income continues to soar. The earnings come after a week that has seen many banks stocks hit 52-week highs. Overall, analysts and banks are looking for a strong earnings season, partly in response … Continue reading “Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock”

Big Banks JPMorgan, Goldman, Citi, PNC, Morgan Stanley and Wells Fargo Kick Off Earnings Season

Earnings kicks off with reports from the major banks names including Wells Fargo (WFC), Goldman Sachs (GS) and JPMorgan Chase & Co (JPM) on Wednesday. On Thursday Bank of America (BAC), BlackRock (BLK), and Citigroup (C) report. Morgan Stanley (MS) and PNC Group (PNC) report Friday.

U.S. Small Business Optimism Falls With Political and COVID Uncertainty

The NFIB Small Business Optimism Index fell 2.6 points in November to 101.4, lowest in 7 months but still well above the 47-year historical average reading of 98. 6 of the 10 Index components fell and 4 increased. The NFIB Uncertainty Index fell 8 points to 90, still a historically high reading. Owners expecting better business conditions over the next 6 months declined 19 points to a net 8%.

Evaluate Economic Progress With The Inclusive Development Index

What is clear in 2019 politcy makers responses have misjudged the global economy. The Inclusive Development Index (IDI)reflects more closely the criteria by which people evaluate their countries’ economic progress and is designed as an alternative GDP measures.

Bank Earnings Season Begins With Citigroup, JPMorgan, Goldman, PNC. Morgan Stanley, and Wells Fargo

Citigroup $C along with JPMorgan Chase $JPM, America’s largest bank, Bank of America $BAC, Goldman Sachs $GS , PNC Financial $PNC, Morgan Stanley $MS and Wells Fargo $WFC kick off the banking sector’s Q219 earnings season on Monday before the market opens with expectations for lower earnings on a flatter yield curve.