CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Wednesday.Here’s what Wall Street expects:Earnings: $4.11 a share, according to LSEGRevenue: $41.7 billion, according to LSEGNet interest income: $23.1 billion, according to StreetAccountTrading Revenue: Fixed income of $4.42 billion, Equities of $2.37 billion, according to StreetAccountJPMorgan’s results will be closely watched for signs that industry optimism is warranted.Banks ended the year…
Author: usaeverydaylife
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.Good afternoon from San Francisco! This week, Ashley and I are attending the annual JPMorgan Health Care Conference – the largest gathering of biotech and pharma execs, investors and analysts in the U.S.The conference is a pulse for what to expect from the health-care industry in 2025. Executives from companies large and small highlighted their key business and drug pipeline updates, but also weighed in on the Trump administration’s potential impact on the…
Country Garden Holdings Co.’s Fengming Haishang residential development in Shanghai, China, on Tuesday, July 12, 2022.Qilai Shen | Bloomberg | Getty ImagesCountry Garden, once China’s biggest developer and now facing a liquidation lawsuit, reported steep losses on Tuesday in its long-overdue 2023 and interim 2024 financial results, hurt by large provisions amid a prolonged property sector crisis.Government figures show property sales in China shrank almost 50% over the past three years as the industry reeled from an unprecedented debt crisis that began in 2021.Country Garden, however, said it expected a smaller annual loss for the full year of 2024 on improved margins…
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday.Here’s what Wall Street expects:Earnings: $8.22 per share, according to LSEGRevenue: $12.39 billion, according to LSEGTrading Revenue: Fixed Income of $2.45 billion, Equities of $3 billion, per StreetAccountInvesting Banking Revenue: $2.01 billion, per StreetAccountGoldman Sachs is riding a wave of enthusiasm over a rebound in Wall Street deals.The bank’s shares jumped nearly 50% last year, topping its big bank rivals,…
Jared Holz, Mizuho, joins ‘Fast Money’ to talk how to play Eli Lilly’s stock right now. Source link
Artificial intelligence will be an investment theme that will continue to grow in 2025 and beyond, according to a tech fund manager that posted 80% gains in 2024. The Hong Kong-listed exchange traded fund Pando CMS Innovation ETF ‘s Chief Investment Officer Beck Lee said the fund relies on proprietary research that combines macroeconomic factors with company fundamentals to make stock picks. “In this ETF, we combine top-down and bottom-up research to construct this portfolio,” Lee told CNBC Pro from Hong Kong. “The top-down approach helps us to identify themes lik e the impact of the [Federal Reserve’s rate decisions],…
Jetstar Asia will launch direct flights linking Singapore to Labuan Bajo, the Indonesian town considered the “gateway” to Komodo National Park, the company said.The park, a UNESCO Heritage Site inscribed in 1991, is home to several thousand Komodo dragons, the largest species of lizard in the world, according to UNESCO.Komodo National Park is the only place where these lizards are found in the wild, adding to the mystique of the reptiles which, on rare occasions, have been known to attack humans.The park, which is spread across several islands in Indonesia, is accessible from Labuan Bajo via boat.Jetstar Asia, a low-cost…
Investigators have detained South Korea’s impeached leader, Yoon Suk Yeol. This is the first time a sitting South Korean president has been detained on criminal charges. Choe Sang-Hun, the Seoul bureau chief for The New York Times, explains how we got here and what it may mean for South Korea moving forward. Source link
Gerard Cassidy, RBC Capital Markets, joins ‘Fast Money’ to talk what to expect from this week’s bank earnings. Source link
Jakub Porzycki | Nurphoto | Getty ImagesMeta CEO Mark Zuckerberg is cohosting a reception with billionaire Republican donors next week for Donald Trump’s inauguration, the latest sign of the Facebook founder’s embrace of the president-elect.The reception cohosted by Zuckerberg is set for Monday evening, shortly before the inaugural balls, according to two people familiar with the private plans who spoke to The Associated Press on condition of anonymity to discuss them.The other cohosts are Miriam Adelson, the Dallas Mavericks owner and widow of casino magnate Sheldon Adelson; Tilman Fertitta, casino magnate, Houston Rockets owner and Trump’s pick to serve as U.S. ambassador to…
