大银行里 JPMorgan Chase 又算是最大受益者 JPMorgan Chase beats by $0.73, beats on revs (128.99 ) Reports Q1 (Mar) earnings of $4.10 per share, excluding non-recurring items, $0.73 better than the S&P Capital IQ Consensus of $3.37; revenues rose 24.8% year/year to $38.35 bln vs the $35.77 bln S&P Capital IQ Consensus. Average loans up 5% YoY and flat QoQ; Card Services net charge-off rate of 2.07% Net revenue was $39.3 billion, up 25%. Net interest income (NII) was $20.8 billion, up 49%. "The U.S. economy continues to be on generally healthy footings-consumers are still spending and have strong balance sheets, and businesses are in good shape. However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks. The banking situation is distinct from 2008 as it has involved far fewer financial players and fewer issues that need to be resolved, but financial conditions will likely tighten as lenders become more conservative, and we do not know if this will slow consumer spending. We also continue to monitor for potentially higher inflation for longer (and thus higher interest rates), the inflationary impact of continued fiscal stimulus, the unprecedented quantitative tightening, and geopolitical tensions including relations with China and the unpredictable war in Ukraine. While we hope these clouds will dissipate, the Firm is prepared for a broad range of outcomes, and we are confident that we can serve the needs of our customers and clients in all environments."
这个分析师昨天对几个大银行的评论还是不错的 "JPM is largely perceived as the gold standard not just for results, but also setting the tone," Erika Najarian , analyst at UBS wrote Thursday. As such, she lifted her target for full-year 2023 earnings by 6% to $12.52 a share. She expects JPMorgan to see a greater increase in net interest income since the bank attracted deposits seeking safety during the recent banking upheaval and very likely is paying 0% interest for those flows. Najarian expects that Wells Fargo 's results will "please bulls" and that the bank will reiterate its full-year guidance of 10% growth in net interest income. As for Citigroup, Najarian's talks with investors led to the determination that the bank -- known more for its payments services business than traditional lending -- is seen as a " port in the U.S. -centric liquidity storm" and likely won't be changing its outlook. Investors seem to be less bullish on Bank of America (BAC) going into earnings, Najarian notes, as there is skepticism the bank will miss its $14.4 billion net interest income guidance for the quarter. Shares will pop, however, if Bank of America's results come within $200 million of that target, she wrote.
JPM也同时说了这句话 But those figures could drop going forward. Chief Executive Jamie Dimon said in a call with reporters that net interest income "will come down significantly next year and I think that's a more important statement than what it is for this year." 银行出幺蛾子之前都是貌似特别棒，参考SVB
JPMorgan Chase beats by $0.73, beats on revs (128.99 ) Reports Q1 (Mar) earnings of $4.10 per share, excluding non-recurring items, $0.73 better than the S&P Capital IQ Consensus of $3.37; revenues rose 24.8% year/year to $38.35 bln vs the $35.77 bln S&P Capital IQ Consensus. Average loans up 5% YoY and flat QoQ; Card Services net charge-off rate of 2.07% Net revenue was $39.3 billion, up 25%. Net interest income (NII) was $20.8 billion, up 49%.
"The U.S. economy continues to be on generally healthy footings-consumers are still spending and have strong balance sheets, and businesses are in good shape. However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks. The banking situation is distinct from 2008 as it has involved far fewer financial players and fewer issues that need to be resolved, but financial conditions will likely tighten as lenders become more conservative, and we do not know if this will slow consumer spending. We also continue to monitor for potentially higher inflation for longer (and thus higher interest rates), the inflationary impact of continued fiscal stimulus, the unprecedented quantitative tightening, and geopolitical tensions including relations with China and the unpredictable war in Ukraine. While we hope these clouds will dissipate, the Firm is prepared for a broad range of outcomes, and we are confident that we can serve the needs of our customers and clients in all environments."
"JPM is largely perceived as the gold standard not just for results, but also setting the tone," Erika Najarian , analyst at UBS wrote Thursday. As such, she lifted her target for full-year 2023 earnings by 6% to $12.52 a share. She expects JPMorgan to see a greater increase in net interest income since the bank attracted deposits seeking safety during the recent banking upheaval and very likely is paying 0% interest for those flows.
Najarian expects that Wells Fargo 's results will "please bulls" and that the bank will reiterate its full-year guidance of 10% growth in net interest income. As for Citigroup, Najarian's talks with investors led to the determination that the bank -- known more for its payments services business than traditional lending -- is seen as a " port in the U.S. -centric liquidity storm" and likely won't be changing its outlook.
Investors seem to be less bullish on Bank of America (BAC) going into earnings, Najarian notes, as there is skepticism the bank will miss its $14.4 billion net interest income guidance for the quarter. Shares will pop, however, if Bank of America's results come within $200 million of that target, she wrote.
市场就这么大，少几个竞争对手来分，顶部的几个赢家会过的好一些
银行出幺蛾子之前都是貌似特别棒，参考SVB