The Q3 Earnings Season Kicks Off Positively

07:16pm, Friday, 11'th Oct 2024
The market liked what it saw in the quarterly releases from JPMorgan JPM and Wells Fargo WFC, even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expect
Ebrahim Poonawala, Bank of America Securities senior analyst, joins 'Closing Bell Overtime' to talk bank earnings and what to expect form next week's slate of earnings.
Here are some of the major companies whose stocks moved on the week's news.
As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy
JPMorgan Chase (JPM) Chief Executive Officer (CEO) Jamie Dimon expressed concern about the geopolitical state of the world on Friday, saying in a press release announcing the bank's third-quarter earn
U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are signs higher inflation has stretched some Americans on
JPMorgan Chase & Co. (JPM) Q3 2024 Earnings Call Transcript
JPMorgan Chase CEO Jamie Dimon believes stock prices are “inflated” and seems very worried about the future, so he's in no hurry to spend all the excess cash the bank is holding.
JPMorgan Chase's CEO said Friday that he doesn't plan to join the next presidential administration. Jamie Dimon said he expects to stay at JPMorgan "for a long period" rather than join the government.
In a mixed bag of earnings reports from major financial institutions, BlackRock, JPMorgan Chase, and Wells Fargo have revealed insights into their financial health for the third quarter of 2024.
Gerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going in

Producer Price Index Unchanged in September

11:52am, Friday, 11'th Oct 2024
Pre-market futures are mixed ahead of the final trading session of the week. Major indexes are up, thanks to a robust day on the markets Wednesday, with the exception of the small-cap Russell 2000, wh
Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.
JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.
High rates, modest loan demand, robust IB business and decent trading numbers aid JPM's third-quarter earnings, while a jump in provisions is an undermining factor.
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