offline
Heute PPI, Jobless Claims
Hauptaugenmerk liegt auf die lange erwarteten Earnings der Banken - vor allem auch
welche Aussagen zu den Aussichten gemacht werden....
Big banks are about to signal if we're heading into recession: Morning Brief
Brian Cheung
Anchor/Reporter
Thu, July 14, 2022 at 12:00 PM
High inflation is erasing income gains.
An ugly stock market is slashing wealth.
And the conversation has shifted from: “When will the recession come?” To: “Are we in recession already?”
And some of the world's biggest financial institutions may offer an answer to these questions.
Quarterly results from big banks will begin rolling out Thursday morning, with JPMorgan Chase (JPM) and Morgan Stanley (MS) set to report, while Wells Fargo (WFC) and Citigroup © are due out Friday, followed by Bank of America (BAC) and Goldman Sachs (GS) results expected Monday.
And investors will be focused on one takeaway from these results: How are companies in charge of keeping the economy's financial wheels on track positioned in this environment?
“The big question is the r-word: recession,” Wells Fargo Securities bank analyst Mike Mayo told Yahoo Finance on Wednesday. "For all the negatives that are out there for the short term, there are some very big positives."
On the one hand, an extremely uncertain economic outlook may push the banks to bump up their buffers — or “reserves” — on the expectation that borrowers may later fail to meet interest payments on credit cards, mortgages, or business loans.
On the other hand, loans continue to be in demand through the post-pandemic boom — with few signs of an immediate tick up in loan delinquencies or charge-offs.
The nation’s largest bank hinted at these pressures last month, when JPMorgan CEO Jamie Dimon warned investors to “brace” themselves.
“I said there’s storm clouds but I’m going to change it…it’s a hurricane,” Dimon said at a conference in New York on June 1......................
....................
..............
.......
What to Watch Today
Economic calendar
8:30 a.m. ET: PPI final demand, month-over-month, June (0.8% expected, 0.8% during prior month)
8:30 a.m. ET: PPI excluding food and energy, month-over-month, June (0.5% expected, 0.5% during prior month)
8:30 a.m. ET: PPI excluding food, energy, and trade, month-over-month, June (0.5% expected, 0.5% during prior month)
8:30 a.m. ET: PPI final demand, year-over-year, June (10.7% expected, 10.8% during prior month)
8:30 a.m. ET: PPI excluding food and energy, year-over-year, June (8.2% expected, 8.3% during prior month)
8:30 a.m. ET: PPI excluding food, energy, and trade, year-over-year, June (6.6% expected, 6.8% during prior month)
8:30 a.m. ET: Initial jobless claims, week ended July 9 (235,000 expected, 235,000 during prior week)
8:30 a.m. ET: Continuing claims, week ended July 2 (1.380 million expected, 1.375 during prior week)
Earnings
Pre-market
JPMorgan Chase (JPM) is expected to report adjusted earnings of $2.88 per share on revenue of $31.98 billion
Morgan Stanley (MS) is expected to report adjusted earnings of $1.57 per share on revenue of $13.33 billion
Conagra (CAG) is expected to report adjusted earnings of 64 cents per share on revenue of $2.93 billion
First Republic Bank (FRC) is expected to report adjusted earnings of $2.08 per share on revenue of $1.47 billion
Cintas (CTAS) is expected to report adjusted earnings of $2.67 per share on revenue of $2 billion
Post-market
American Outdoor Brands (AOUT) is expected to report adjusted earnings of 10 cents per share on revenue of $45.4 million
https://finance.yahoo.com/news/morning-b...27763.html
Hauptaugenmerk liegt auf die lange erwarteten Earnings der Banken - vor allem auch
welche Aussagen zu den Aussichten gemacht werden....
Big banks are about to signal if we're heading into recession: Morning Brief
Brian Cheung
Anchor/Reporter
Thu, July 14, 2022 at 12:00 PM
High inflation is erasing income gains.
An ugly stock market is slashing wealth.
And the conversation has shifted from: “When will the recession come?” To: “Are we in recession already?”
And some of the world's biggest financial institutions may offer an answer to these questions.
Quarterly results from big banks will begin rolling out Thursday morning, with JPMorgan Chase (JPM) and Morgan Stanley (MS) set to report, while Wells Fargo (WFC) and Citigroup © are due out Friday, followed by Bank of America (BAC) and Goldman Sachs (GS) results expected Monday.
And investors will be focused on one takeaway from these results: How are companies in charge of keeping the economy's financial wheels on track positioned in this environment?
“The big question is the r-word: recession,” Wells Fargo Securities bank analyst Mike Mayo told Yahoo Finance on Wednesday. "For all the negatives that are out there for the short term, there are some very big positives."
On the one hand, an extremely uncertain economic outlook may push the banks to bump up their buffers — or “reserves” — on the expectation that borrowers may later fail to meet interest payments on credit cards, mortgages, or business loans.
On the other hand, loans continue to be in demand through the post-pandemic boom — with few signs of an immediate tick up in loan delinquencies or charge-offs.
The nation’s largest bank hinted at these pressures last month, when JPMorgan CEO Jamie Dimon warned investors to “brace” themselves.
“I said there’s storm clouds but I’m going to change it…it’s a hurricane,” Dimon said at a conference in New York on June 1......................
....................
..............
.......
What to Watch Today
Economic calendar
8:30 a.m. ET: PPI final demand, month-over-month, June (0.8% expected, 0.8% during prior month)
8:30 a.m. ET: PPI excluding food and energy, month-over-month, June (0.5% expected, 0.5% during prior month)
8:30 a.m. ET: PPI excluding food, energy, and trade, month-over-month, June (0.5% expected, 0.5% during prior month)
8:30 a.m. ET: PPI final demand, year-over-year, June (10.7% expected, 10.8% during prior month)
8:30 a.m. ET: PPI excluding food and energy, year-over-year, June (8.2% expected, 8.3% during prior month)
8:30 a.m. ET: PPI excluding food, energy, and trade, year-over-year, June (6.6% expected, 6.8% during prior month)
8:30 a.m. ET: Initial jobless claims, week ended July 9 (235,000 expected, 235,000 during prior week)
8:30 a.m. ET: Continuing claims, week ended July 2 (1.380 million expected, 1.375 during prior week)
Earnings
Pre-market
JPMorgan Chase (JPM) is expected to report adjusted earnings of $2.88 per share on revenue of $31.98 billion
Morgan Stanley (MS) is expected to report adjusted earnings of $1.57 per share on revenue of $13.33 billion
Conagra (CAG) is expected to report adjusted earnings of 64 cents per share on revenue of $2.93 billion
First Republic Bank (FRC) is expected to report adjusted earnings of $2.08 per share on revenue of $1.47 billion
Cintas (CTAS) is expected to report adjusted earnings of $2.67 per share on revenue of $2 billion
Post-market
American Outdoor Brands (AOUT) is expected to report adjusted earnings of 10 cents per share on revenue of $45.4 million
https://finance.yahoo.com/news/morning-b...27763.html
