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BBRI: The Advancing Phase and Recovery of Banking Sectors? Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on BBRI! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Technical Analysis BBRI is a breakout of the Pennant Pattern after retracing on the Fibonacci golden ratio area. The MACD Indicator made a golden cross below the zero level area, which indicated a potential bullish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BBRI"
IDX:BBRILong
by financialfreedomgoals101
HDFC BANKHello and welcome to this analysis From COVID lows in this weekly time frame its appears to be in its terminal 5th wave. After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it. As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is weekly (3 years of rally) the next correction can be deep in terms of both price and time. We might see a lot of positive news being announced over the next few weeks as it advances into new territory, which is the norm when a stock appears to be concluding its entire wave structure. An ultra bullish count would suggest stock sustaining above 1800 else this path is likely to be correct. Short term trading bullish Medium term exit on rally
NSE:HDFCBANKLong
by Dinesh_C_Nagpal
1
Quality is back in focus, amidst the banking turmoilHistory never repeats itself, but it often does rhyme. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank in the US and the forced takeover of Credit Suisse by rival UBS have triggered concerns of contagion across the global financial system. The current stress in the banking sector is reminiscent of the 2008 financial crisis. However, unlike the 2008 financial crisis, uncertainty is not centred on the quality of assets on bank balance sheets but instead on the potential for deposit flight. Tough ride for Banks ahead US regional banks have witnessed significant deposit outflows which, combined with unrealised losses on their security holdings, have seen banks consuming their liquid assets as a very fast pace. In turn, sentiment towards European banks has deteriorated. This is evident in the widening of debt risk premia, making it more expensive for banks to fund their operations. It’s important to note that banks were already tightening lending standards prior to recent events. So, lending conditions are likely to tighten further as deposits shrink at small and regional US banks and regulators respond to the new risk environment. The turn of events in the banking sector have led to higher uncertainty which is likely to be reflected in higher volatility in credit markets. So far, the impact on other sectors has been fairly contained, but a further deterioration of bank credit quality could drag other industries lower as well. We are still in the early innings, so the range of repercussions remains wide. Traditional defensive sectors offer more protection in prior weakening credit cycles On analysing the impact of a further rise (by 200Bps) in credit spreads on US and European debt (highlighted by the dark blue bars) we found that not all equity sectors will be impacted equally on the downside. In fact, traditional defensive sectors like utilities, consumer staples and healthcare could offer some protection in comparison to cyclical sectors such as banks, energy and real estate. Since March 8, 2023, the steepest price corrections have been centred around the banking and commodity related sectors such as energy and materials, while technology, healthcare, consumer staples and utilities have managed to escape the rout illustrated by the grey bars. The historical sector performance (in the light blue bars) during Eurozone debt crisis (the second half of 2011), confirm a similar pattern whereby the traditional defensive sectors tend to shield investors when spreads widen. Europe earnings hold forth despite the banking turmoil Interestingly despite the recent banking turmoil, the global earnings revision ratio continued to show resilience in March. Europe stood out as the only region with more upgrades than downgrades. Earnings remain the key driver of equity market performance. Europe has clearly gotten off to a strong start and it will be interesting to see if European earnings expectations can hold up as credit conditions deteriorate. Within Europe we analysed the sectors that were most exposed to the banking stress. By observing the beta of the sectors in the EuroStoxx 600 Index relative to regional banking spreads, we found that real estate, financials, industrials, materials, and energy were most exposed on the downside to the high banking stress. On the contrary, consumer staples, information technology, utilities and healthcare showed more resilience. When the going gets tough, quality gets going Investors should focus on companies with strong balance sheets which we often tend to find within the quality factor. Quality stocks, characterised by a higher earnings yield compared to its dividend yield alongside higher return on equity (ROE) and return on assets (ROA), would offer a higher margin of safety in periods of higher volatility. Conclusion While central banks in US, Europe and UK continued their hawkish stance at their most recent policy-setting meetings, the evolving banking crisis could alter the path for monetary policy ahead. Chair Powell conceded that tightening financial conditions could have the same impact as another quarter point rate hike or more from the Fed. Given the rising concerns on the risk of banking industry contagion, shrinking corporate profits and central bank policy ahead we continue to believe that positioning your equity exposure towards the quality factor would be prudent.
FRED:BAMLH0A3HYC
by aneekaguptaWTE
BlackRock says the market is WRONG ....The World’s Biggest Asset Manager With $9 Trillion AUM, BlackRock are saying that the markets Are WRONG By Pricing In Interest Rate Cuts. There is a divergence between what the Fed is saying that they are going to do and what the markets are pricing in terms of interest rate bets. The Fed is saying “We aren’t going to cut rates”, but the market is focusing on the banking crises and thinks that will force their hand. BlackRock says the market is WRONG and they don’t see any rate cuts this year. I think the US 10Y Yield bounced off some key support last week down to 3.25 and currently the market is side lined. There are some very clear levels to watch on the US 10Y yield. But while above 3.25 the longer term up move for the US 10Y Yield is intact and only a close below this level would trigger a correction lower toward 3.00 and 2.80. #banking #banks #economy #invest #investing #finance #trading #economics #markets
TVC:US10Y
by The_STA
2
Gold: Investors not convinced it's end of the banking turmoilGold prices took a hit on Monday’s open after investors and traders started to move away from the safe-haven asset and into more riskier assets. This comes after the news about First Citizens BancShares Inc would take on the deposits and loans of failed Silicon Valley Bank which gives an overall sentiment of confidence to the markets that this “bad chapter” in the banking environment is coming to an end. However, gold remains the " safe-haven" asset at a higher than usual risk period for the banking sector, as risks of contagion are far more persistent than the market would like to believe. ‘Even though the “reassuring” events that are taking place in recent days regarding the banking sector boost investor confidence and seems to be increasing their risk appetite, the issue is not fully resolved yet and the risk of more bank failures is not eliminated in any case.’ said Antreas Themistokleous, an analyst at Exness ‘ Gold and Bitcoin will always be the “go-to” place for investors to limit their risk of excessive capital loss in periods of uncertainty and although volume is decreased the price of the yellow metal is still hovering around the $2000 mark’ From the technical standpoint the price seems to be making a correction in recent sessions however the majority of the technical indicators are not bearish just yet. The 50 day moving average is still trading above the 100 day moving average indicating the bullish momentum might still be in play while the 23.6% of the daily Fibonacci retracement level is currently acting as a support on the price. The Bollinger bands are showing signs of retraction indicating that the volatility might be running thinner. In the event of a continuation of the short term correction to the downside we might see some support building up around $1,930 which is the 38.2% of the Fibonacci retracement level and also an inside support area since late January 2023. On the other hand if we witness a continuation of the overall bullish movement the area of $2,000 might be considered a strong resistance level which is the psychological resistance of the round number and also the last area of price reaction from the previous week.
TVC:GOLD
by Exness_Official
SP-500 - Banking crisisYou might have wondered about the past ~400 days in the financial market, especially in the US and Europe. Numerous commentaries and opinions have been shared across business-related media regarding interest rates, inflation, oil prices, war, etc. Trust me; you are not alone! Even the most distinguished economic Nobel prize winners have yet to learn why the economic indicators are still stable with so many factors in place. You might have heard of the recent banking failure in the US and Switzerland and that the banking system is so strong that nothing similar to 2008 would happen. But you have yet to hear that this time is expected to be worse!! Milad opinion: In the next 40 days, till the first week of May, we will see multiple failures in the financial system and corporates with weak management, and we will see the tight unemployment rate finally cracking up. But this will be just the beginning of many failures to come. To explain this more clearly, in the past 15 years, we have seen a secular bull market that has pomped the asset prices to a level never seen before, leading to an everything bubble. As a result, we have seen the tech sector and related assets grow to an unsustainable level, and housing prices soar. But this fast growth has come to an end, and in the next 40 days, we will see a downfall of significant indexes to at least 30% to begin with, resulting in a tough landing. The bases are as follows: The banking crisis of 1907 and 2008 indicate a massive downfall of 30% or more, starting shortly after banks' failures. As the Fed Chairman touched on in today's Q&A, the credit market is falling, starting from Credit Swiss, and will be tightened further. This could threaten the housing market, which is already unstable. The 1974, 2002, and 2008 crashes indicate that the final drop should occur here. The downfall for SP500 shows 30% to 41% drop in the next 40 days. A historical unemployment rate study indicates a sudden jump in the following two readings. The bond market inversion (10s-2s) and (10s-3months) indicate that the recession is very close. Analyst Sentiment Measure of earnings among US companies indicates an extreme reading is coming, which means a significant drop in earning expectations. Leading Economic Indicator (LEI) alarms for immediate recession. ISM New orders Leading also indicates an immediate recession. What's next? You can see in recent weeks, the SEC has been questioning different comaniyas, cryptocurrency companies, and people. The regulation of the cryptocurrency market has begun, next is the takeover or liquidation of private banks in favor of the central bank. Then CBDC - FEDnow Starts in June-July. P.S if this prediction comes true, there will be a storm in cryptocurrency, and a drop below 16 is possible, I just keep it in mind. And it will look something like this Write your comments, send them to your friends, I really want to know your thoughts. Thank you MIlad Best regards EXCAVO
TVC:SPXShort
by EXCAVO
14
XAUUSD LongAttention traders! We are feeling bullish on XAUUSD and wanted to share why. With the current economic uncertainties and inflation concerns, we believe it's a wise choice to look at gold to hedge against bank runs, higher currency fluctuations, etc. Our analysts have also identified strong technicals, as seen above, with XAUUSD currently in a strong uptrend and showing potential for further continuation. We are closely monitoring a key price level to enter a long position, and we plan to hold it for the mid to long-term. As with any trading, there is always risk involved, but with proper risk management and a solid strategy, we believe the potential rewards outweigh the risks. Join us in investing in XAUUSD and let's make the most of this opportunity. Let's discuss your opinions!
OANDA:XAUUSDLong
by FastFx_Ltd
USD Hangs in the Balance: Bank Chaos vs. Inflation The US Federal Reserve is about to begin its two-day policy meeting and will announce its latest interest rate decision 48 hours later. During the meeting, officials will weigh the possibility of raising interest rates due to inflation, which is still considered high, or whether the current turmoil in financial markets should be given more weight. Unfortunately, the pre-meeting blackout period prohibits officials from commenting on the situation. UBS shares, which had dropped over 14%, managed to recover by closing 1.2% higher after the bank provided a 3 billion Swiss franc ($3.2 billion) emergency rescue package for its troubled domestic rival, Credit Suisse. The large size of Credit Suisse's balance sheet, which stands at around 530 billion Swiss francs as of the end of 2022, is a concern for the global banking system, as it is twice the size of Lehman Brothers' when it collapsed in 2008. The Federal Reserve, in response to the Credit Suisse crisis and the failures of a few US regional banks, has begun offering daily currency swaps to central banks in Canada, Britain, Japan, Switzerland, and the euro zone in order to ease funding stress in global markets. With all this going on, traders are uncertain whether the Federal Reserve will raise its benchmark policy rate on Wednesday (US time). The dollar index fell below 103.5 on Monday for the third session in a row as investors anticipate that the Federal Reserve might not increase rates as much as previously expected due to the banking crises. Fed funds futures reflect a 70% probability of a quarter-percentage point rate hike, with a 30% chance of no change. A significant drop in near-term inflation expectations is also contributing to the expectation of the Fed pausing its rate hikes, as expectation for the near-term inflation reached nearly a two-year low last month. In other news, oil prices declined to their lowest point in 15 months on Monday due to concerns that the risks in the global banking sector may lead to a recession. Gold prices, which had surged 6.4% in the previous week, fell to $1,980 an ounce on Monday but remained close to the one-year high of $2,009 hit earlier in the session.
TVC:DXY
by BlackBull_Markets
7
CaixaBank (CABK.mc) bearish scenario:The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The company consists of the universal banking and insurance activities of the La Caixa group, along with the group's stakes in the oil and gas firm Repsol, the telecommunications company Telefónica and its holdings in several other financial institutions. Channel Up broke through the support line on 18/03/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 47 days towards 3.2770 EUR. According to experts, your stop-loss order should be placed at 4.1970 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:CABKShort
by legacyFXofficial
ROAD TO 30K LETS GOThis week, Bitcoin has led the recovery in cryptocurrency markets. The Fed's indirect monetary policy expansion has increased demand for riskier assets, which has benefited Bitcoin. The following resistance levels for BTC above the current price levels are $26,750, $27,500, and $28,730. This week, Bitcoin has been on a steep upswing, leading the cryptocurrency market rebound as the potential of the US banking crisis becoming a worldwide concern is priced in. As the Federal Reserve decided to tighten monetary policy in November 2021, cryptocurrency markets began a long-term decline from their heights. The events of this week have contributed to a rally. For the first time since 2008, the US Federal Reserve purchased the failed Silicon Valley Bank and Signature Bank bonds before opening a discount window for struggling banks. As a result of the bond purchases, the Fed's balance sheet increased by nearly $300 billion, according to figures released yesterday. The demand for hazardous assets surged due to this indirect monetary expansion. On the other side, following the bank collapses, demand for cryptos, particularly Bitcoin, increased. Withdrawals to external wallets have also increased dramatically.
BLong
by IPatrice
Gold gets a safe-haven bid as banks shake confidenceFinancial markets were sent into a tailspin on the news of Silicon Valley Bank (SVB) imploding. Despite the decisive moves by the Federal Deposit Insurance Corporation (FDIC)1 and the Federal Reserve (Fed)2, market confidence has been shaken and we have witnessed a flight to safety. Demand for government bonds have risen sharply, driving the yields on 10-year US Treasuries down from 4.0% on 9/3/2023 to 3.4% (16/03/2023). In tandem, gold prices have risen 6.6% in the past week (9/3/2023 to 16/03/2023). The speed of gold’s moves indicates that the flight to safety has not been obstructed by any broad-based liquidity issues. Very often in the initial phases of financial market stress, investors sell gold to raise cash to meet margins calls on futures positions in other assets or for other liquidity needs. The current crisis appears different in that there are no visible signs of panic gold selling and that could be indicative that the stress in certain parts of the banking sector are idiosyncratic. Nevertheless, investors have been reminded that unexpected events occur with greater frequency than they hoped and have sought to rebuild defensive positions that will help to hedge against further turbulence. Credit Suisse concerns add to investors desire for defensive hedges The Credit Suisse debacle unfolding quickly on the heels of SVB highlights that when confidence is shaken in one part of the banking sector it can easily spread. All banks, deposit takers, brokers and lending institutions with weak metrics are under the microscope. A liquidity life-line offered by the Swiss National Bank on 16/03/2023 has allayed markets fears for now, but we believe that investors are likely to continue to seek defensive assets in this time of uncertainty. Either tightening or losing monetary policy could be interpreted as a policy mistake. Gold is there as a hedge. The European Central Bank (ECB) raised interest rates by 50 basis points on 16/03/2023, marking a bold move given the fragile state of market confidence. However, blended with dovish commentary, markets are expecting less rate rises in the future and believe the 50 bps hike was delivered only because the ECB felt like it had pre-committed and any smaller hike would signal conditions are worse than what the market has priced in. The Euro appreciated against the dollar and the Dollar basket depreciated, providing further support for gold in Dollar terms. While the jury is out on whether the Federal Reserve will pivot its monetary policy early (note the Federal Open Committee meeting is on 21st and 22nd March), investors are seeking to protect themselves with hard assets. If the Fed doesn’t soften its hawkish stance, it risks transforming a bank liquidity issue into a recession as risk appetite and confidence has been shaken. If the Fed does act either by terminating quantitative tightening or prematurely ending the hike cycle, the central bank’s monetary largess will linger for longer. Either way, gold is likely to benefit. Gold tends to do well in recessions and is seen as the antithesis to central bank created fiat currencies. Gold gains are well supported We therefore expect gold to hold onto the past week’s gains in the is time of turbulence. The key short-term risk for gold at this stage is not market confidence recovering quickly, but a broader market meltdown that could drive gold selling to raise liquidity for meeting other obligations (such as margin calls). In that scenario, gold is likely to recover in time as other investors will buy the metal to shore up their defensive hedges. Sources 1 The FDIC provided more than its usual $250,000 insurance on deposits. 2 The Fed created a new liquidity tool - Bank Term Funding Program (BTFP) - offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral.
COMEX:GC1!
by aneekaguptaWTE
Rate hikes in jeopardy?Over the past few days, we have seen the second and third largest bank failures in US history. A question remains whether we have seen the last of these failures and what other ripple effects could occur. In the currency markets, the dollar index dropped below 104, reaching a three-week low for the third consecutive session. Signature and Silicon Valley Bank's failure has sparked speculation that the US Federal Reserve might adopt a less aggressive policy tightening approach at its next meeting, with Goldman Sachs even suggesting a pause. Money markets now indicate a more than 70% probability of a 25-basis-points hike next week, a sharp reversal from the previous week. However, a better-than-anticipated US jobs report published on Friday supports the argument for further rate increases. Investors are anticipating important US inflation data on Tuesday, which will provide insight into the central bank's rate-hike trajectory. Some of the best performers in the face of the US dollar decline has been risk-sensitive currencies such as the Australian (+1.40%) and New Zealand dollars (+1.45%). The British pound is also on the leader board, appreciating +1.3%. Perhaps suggesting a vote of no-confidence in traditional banking, Bitcoin has experienced an 18% surge over the last 24 hours, surpassing $24,200, its most significant daily gain in almost a month. Elsewhere, Gold is up +2.4% to $1,911, its highest level in over a month.
TVC:DXY
by BlackBull_Markets
Bank of America (BAC) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company The Bank of America Corporation (BAC). The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. The Triangle broke through the resistance line on 26/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 12 days towards 36.20 USD. Your stop-loss order, according to experts, should be placed at 36.30 USD if you decide to enter this position. The bank's net interest income jumped 29% year over year to $14.7 billion in the fourth quarter. Looking ahead, the company estimates that a 1-percentage-point increase in rates would boost its net interest income by an additional $3.8 billion over the next year. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
NYSE:BACLong
by legacyFXofficial
Investec still showing great upside to come to R120.57 Falling Wedge is still in play with Investec. We see 7>21 SMA - Bullish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R120.57 General Info: Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services including banking, wealth and investment management, and asset management. There are also investment options including equity and fixed income funds, private equity, property and infrastructure funds.
JSE:INLLong
by Timonrosso
Bank of America's profit faltered by 14% in 2022Another big bank that reported its earnings on the past Friday is Bank of America. The bank generated $27.5 billion in net profit and $95 billion in revenue for the full-year 2022. Its net income decreased by 14%, and revenue rose by 6.6%. The net interest income jumped by 22%, and the noninterest income dropped by 8%. The Consumer Banking segment added over 1 million checking accounts and reached a record of 3.5 million consumer investment accounts. At the same time, it experienced net inflows from clients worth $28 billion and a jump in digital sales by 22% versus 2021. The Global Banking division experienced a 38% increase in revenue and saw a growth in average loans and leases of 14%. BofA’s Global Wealth and Investment Management segment gained more than 119 000 accounts and saw $87 billion in client inflows for the entire year. More importantly, it is on a streak of 51 consecutive quarters of average loan and lease growth. The Global Markets division saw the highest revenue and sales since 2010. In addition to that, its average loans grew by 28% year over year. Illustration 1.01 Illustration 1.01 shows the daily chart of Bank of America stock, which declined more than 26% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income = $27.5 billion (vs. $32 billion in 2021; -14% YoY) Net interest income = $52.4 billion (vs. $42.9 billion in 2021; +22% YoY) Noninterest income = $42.5 billion (vs. $46.2 billion in 2021; -8% YoY) Revenue = $95 billion (vs. $89.1 billion in 2021; +6.6% YoY) Noninterest expenses = $61.4 billion (vs. $59.7 billion in 2021; +2.8% YoY) Provision for credit losses = $2.5 billion (vs. $-4.6 billion in 2021) 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q22 = $7.1 billion (vs. $7 billion in 4Q21; +1.4% YoY) Net revenue 4Q22 = $24.5 billion (vs. $22 billion in 4Q21; +11%. YoY) Net interest income 4Q22 = $14.7 billion (+48% YoY) Noninterest income 4Q22 = $9.8 billion (-8% YoY) Noninterest expenses 4Q22 = $15.5 billion ( +6% YoY) Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:BAC
by Tradersweekly
12
How did the U.S. biggest bank perform in 2022?During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning investors of a tough time ahead. For some sectors, inventories rose, and revenue streams showed a decline compared to the previous year's period. With the start of the new earning season, we will pay close attention to the new data, which may or may not confirm our thesis about the market diving deeper into a recession. Interestingly, the last Friday, multiple big banks on wall street announced their earnings statements. These names included JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo. Today, we will briefly examine the biggest U.S. bank - JP Morgan Chase & Co. This bank has $3.66 trillion in assets and has not posted a yearly loss for more than 15 years. Its earnings report is divided into five segments: Consumer & Community Banking, Corporate and Investment Bank, Commercial Banking, Asset and Wealth Management, and Corporate. The bank’s Consumer and Community Banking segment showed gradual growth in net income and net revenue quarter after quarter in 2022. Furthermore, it maintained relatively stable noninterest expenses throughout the year. However, despite that, it posted a 29% less net income in 2022 versus 2021. In 4Q22, the Corporate and Investment Bank experienced a drop of 27% YoY (year over year) in net income. Additionally, in that same period, this division saw a decline in revenue by 9% YoY, and an increase in non-interest expenses by 10%. As for the full-year 2022, the Corporate and Investment Bank brought in 29% less net income versus 2021. Meanwhile, the Commercial Bank brought $1.4 billion in net income for the company in 4Q22, showing an increase of 15% versus 4Q21. Furthermore, it also enjoyed a rise in revenue by 30% versus 4Q21. Despite that, these two segments underperformed when compared to 2021. For the full-year 2022, the net income of this division dropped 20% versus 2021. The Asset and Wealth segment showed steady growth in net income quarter after quarter in 2022. However, it also suffered a drop of 8% in net income for the entire year 2022 versus 2021. The Corporate segment posted a net loss in the first three quarters of 2022 and a net gain in 4Q22. But for 2022, it is the only sector that posted a loss while still showing significant improvement from the last year. For the full-year 2022, JP Morgan Chase & Co. gained $37.7 billion in net income, which is down 22% versus 2021. Its revenue increased by 5.6%, and non-interest expenses jumped by 6.8%. Meanwhile, the company’s stock declined by 16%. Illustration 1.01 Illustration 1.01 shows the daily chart of JP Morgan Chase stock. The stock declined more than 16% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income 2022 = $37.7 billion (vs. $48.3 billion in 2021; -22% YoY) Revenue 2022 = $132.3 billion (vs. $125.3 billion in 2021; +6.6% YoY) Noninterest expenses 2022 = $76.2 billion (vs. $71.3 billion in 2021; +6.8% YoY) Pre-Provision profit/loss 2022 = $56.1 billion (vs. $54 billion in 2021; +4% YoY) EPS = $3.57 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q = $11 billion (vs. $10.4 billion in 4Q21; +5.8% YoY) Net revenue 4Q = $35.6 billion (vs. $30.4 billion in 4Q21; +17%. YoY) Net interest income 4Q = $20.3 billion (+48% YoY) Noninterest income 4Q = $15.3 billion (-8% YoY) Noninterest expenses 4Q = $19.0 billion (+6% YoY)
NYSE:JPM
by Tradersweekly
9
SHFS | Another Money Maker | LONGSHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources. The company was founded in 2015 and is based in Arvada, Colorado.
NASDAQ:SHFSLong
by DivergenceSeeker
1