Tag Archives: JP Morgan Chace & Co

J.P Morgan will see more competition from corporations like Google, Apple and Samsung

I pointed out how cheap bank stock was a couple of years ago, and J.P Morgan is one of them. The stock is up over 100% since I wrote about the bank stocks and J.P Morgan is still a good stock. J.P Morgan is one of the best in the class with a Market Cap of $386,64 Billion.

Chairman and CEO Jamie Dimon is one of those who hate Bitcoin and said he will fire his own employees trying to trade Bitcoin. But Mr Dimon should take “data capitalism” seriously because it is about to change how business is done throughout the economy.

Information technology and artificial intelligence (AI) will change the way banks do business as we know it today. Just take a look at Alibaba and its new bank. Furthermore, J.P Morgan will also see more competition from corporations like Google, Apple and Samsung.

They will all change the way we pay, but they will also change the financial business. Just take a look at Goldman Sachs Group and how they changed to their information technology platform in addition to their commercial banking.

JPM took a $2,4 billion hit to earnings due to the impact of the Tax Cuts and Jobs Act and when one adds this back into the bank`s earnings, the return on tangible common equity, the bank produced a 13,6 percent result.

Economic growth is up 3% for the last quarters in a row and business investments has increased og only that should lead to increase in demand for working capital. That should lead to banks like JPM will lend more and receive more deposits.

On top of that you have the Feds policy and rising yields. Its like the stock market; it won`t go straight up of course, but in the long run, all this cases are profitable for the banking sector, and JPM is one of them.

Next target for the stock is $120, and slow growth is expected while much of the major run last two years is based on future growth based on increased global economic activity and rising rates.

JP Morgan Chase & Co is expected to report earnings on Friday 13, 2018 before market open, and the report will be for the fiscal Quarter ending March 2018. EPS forecast for the quarter is $2,28 and that is above last years EPS of $1,65.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Morgan Stanley reached its all-time high in year 2000 which is twice as much as it is today

JP Morgan Chase & Co came out with its earnings report a few days ago and the company had its most profitable year in the history of banking. What about Morgan Stanley? They are expected to report earnings on Wednesday before market open.

The report will be for the fiscal Quarter ending June 2017, and Morgan Stanley is expected to report $0,76/share on $9,47 billion in revenue. According to the Street`s unofficial view on earnings, the whisper number is $0,78. Earnings for the same quarter last year was $0,75.

 

 

Wells Fargo surprised many analysts when they reported a drop in lending. JP Morgan Chase & Co also toned down its outlook for loan growth and interest income in the second half. We can clearly see that the loan growth is falling huge, while the optimism in the stock market right after Trump`s election is beginning to fade away.

Analysts are projecting revenue to rise to $9,09 billion from $8,91 billion in the second quarter of last year.

Morgan Stanley will probably talk about its new automated wealth advising product on Wednesday. It would be the last of the big wealth-management firms to cave to the whims of the less affluent, younger crowd, following Bank of America Corps Merrill Lynch unit and UBS Group AG. Big news from long a sceptic of robo-advisings staying power.

Indian banks are trading at an all-time high valuation and that is more than we can say about Morgan Stanley. A bank that reached its all-time high in year 2000 which is twice as much as it is today. The stock came back to its all-time high in 2007, but it plummeted during the financial crisis.

Morgan Stanley have never recovered since then and the company`s stock price is trading at $45,14.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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