Looking for more actionable trade ideas to navigate the current market volatility? Members of InvestingPro get exclusive ideas and guidance to navigate any climate.U.S. stocks rallied on Friday, with the S&P 500 and Nasdaq registering their biggest daily percentage gains since late August as investors digested a U.S. jobs report that showed hiring rose broadly in September while wage growth slowed.
In addition, I expect fixed income trading revenue, equity trading revenue, and investment banking revenue to all top estimates as it benefits from higher interest rates, market volatility, and a stronger IPO market. Year-to-date, JPM shares are up +8.2%, significantly outperforming industry peers such as Bank of America , Wells Fargo , Morgan Stanley , Goldman Sachs , and Citigroup .
Options trading implies a roughly 6% swing for C shares after the update drops. Shares slumped 3% after the company’sof analyst earnings revisions points to mounting pessimism ahead of the report, with analysts cutting their EPS estimates eight times in the last 90 days, compared to zero upward revisions.Wall Street sees the New York-based financial services company earning $1.23 a share, declining 24.5% from EPS of $1.63 in the year-ago period.
Citigroup shares have underperformed those of the other big banks this year, falling 10.3% in 2023, amid lingering worries over the health of the financial sector in the aftermath of the regional banking crisis., you can conveniently access a single-page view of complete and comprehensive information about different companies all in one place, eliminating the need to gather data from multiple sources and saving you time and effort.
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Source: CNBC - 🏆 12. / 72 Read more »