Weekly equities forecast: US banks earnings - JP Morgan, Bank of America, Goldman Sachs
This week, earning season kicks off with US banks
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
This week, earning season kicks off with US banks
US banks kick off Q2 earnings season this week, with JP Morgan, Wells Fargo, and Citigroup due to report on Friday, July 12th.
The better-than-expected performance from US Q3 banks’ earnings often paves the way for some encouraging numbers from UK banks. While NatWest, Lloyds, and HSBC are expected to post a year-on-year rise in pretax profit, Barclays is forecast to post a decline. Here we take a look at what to watch.
US stocks are heading for a higher start as investors mull over the first round of banks Q3 earnings, where JP Morgan and Wells Fargo beat estimates. Still some caution remains after yesterday's stronger than expected inflation data and as oil jumps 4%. Attention will now turn towards US Michigan consumer sentiment, which is forecast to fall modestly.
Bleaker economic prospects are weighing on the outlook for US banks, but have markets already priced this in?
UK banks are set to report Q2 results. Here we take a look at what to expect from Barclays, HSBC, Lloyds and NatWest.
GBP/USD rises ahead of US GDP. FTSE struggles for direction, Barclays jumps.
Learn about the full history of money to see how currency evolved from barter systems to bitcoin. In this timeline, we go deep on the evolution of money including the development of banking establishments and the future of cashless societies.
UK banks earnings start this week. Here we take a look at what to expect.
Banks are finding it hard to recover from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank last month.
Markets have been rocked by the biggest banking crisis since the 2008 financial crash.
Indices drop, dragged lower by banking and energy stocks as oil prices tumble on recession worries and banking crisis fears ramp up.
US treasury secretary Janet Yellen has arguably stolen the show from the FOMC meeting, thanks to her comments on banking deposits which saw Wall Street slide into the close.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.