SPX S&P 500, MS Morgan Stanley, JPMJPMorganAnalysis of:
• U.S. earnings season got off to a bad start;
• JPMorgan and Morgan Stanley miss EPS and revenue estimates
The U.S. earnings season got off to a bad start as major U.S. banks reported earnings.JPMorgan(JPM)and Morgan Stanley(MS)Earnings per share and revenue were both lower than expected, so shares will open lower. Perhaps more ominous news, though, is that JPMorgan has announced that they have temporarily halted their share buyback program.
🔥Will the second half of the US stock market be as bad as the first half? The DailyFX global professional team believes that the stock market may technically experience a first rebound and then a decline, so how to set up transactions reasonably? Click below to learn the third quarter stock market outlook for free now! 👍
JPMorgan(JPM)Second quarter results
•EPSEarnings per share are2.76USD, expected to be2.88Dollar
•Revenue is316.3billion, expected to be319.8One hundred million U.S. dollars
•IB(investment bank) revenue is13.5billion, expected to be19.2One hundred million U.S. dollars
•Suspension of share repurchases
Morgan Stanley(MS)Second quarter results
•correctedEPSEarnings per share are1.44USD, expected to be1.57Dollar
•revenue131One hundred million U.S. dollars,vs. 133.3One hundred million U.S. dollars
As a reminder, financial stocks are expected to underperform, while energy stocks are expected to outperform this season.Meanwhile, a weak start to the earnings season further strengthens the S&P500Index quarterly earnings are expected to be2020The lowest view since the fourth quarter of this year.
👍👍Need an opinion leader? Then it’s better to know the latest trading opportunities that 20 professional bigwigs around the world are optimistic about! You can also refer to the operations of these big guys, and it’s still too late to get on the bus! Immediately learn for free and grasp the password of wealth!
The content on this page is for general market commentary only and may not constitute investment advice of any kind (tax, legal, accounting). This article does not constitute an invitation or recommendation for direct investment in specific financial products. The content is for reference only. Readers should not rely on the information in this document, nor should its actions and omissions be relied upon. We are not responsible for the results of any person’s actions or omissions based on this article. We make no warranties as to the accuracy of the content provided or the adequacy of the information. This article is not intended for distribution within the territory of the People’s Republic of China (excluding Hong Kong, Macau and Taiwan for this purpose), except as permitted by the applicable laws of the People’s Republic of China.
Copyright Notice: Except for the purpose of viewing the information on this website, or as permitted by applicable law or these terms and conditions, no one may copy, use, upload, link, or publicly perform in any way to third parties without our specific written permission , publish or transmit any information or content on this website. We reserve the right to further investigate the legal responsibility of the relevant actors for the infringement of unauthorized reprinting. If you have business cooperation needs such as market promotion and resource exchange, please contact us.