The heart of the Q2 earnings season is upon us with several big banks set to report their quarterly results on Friday, July 12.Wall Street will be closely monitoring JPMorgan’s (JPM)  results as the largest bank in the United States but also paying close attention to Citigroup (C)  which is the third largest domestic bank. To that point, Citigroup recently announced a significant restructuring plan to streamline its operations in a bid to enhance efficiency.That said, let’s see if now is a good time to buy ...

The financial sector, and specifically the sector ETF Financial Select Sector SPDR Fund NYSE: XLF, has been consolidating for several months and is now approaching a significant breakout level. As earnings season kicks off, the sector's major players are set to report quarterly results, potentially triggering a major directional move. So, let's explore the XLF ETF's current positioning, its recent performance, and what to expect from its top holdings as they report earnings, as this could lead to a higher t ...

文章核心观点 - JPMorgan Chase(JPM)预计在2024年第二季度的收益和收入将分别同比下降4%和1% [1] - JPMorgan Chase在2023年第二季度的收益和收入分别同比增长34%和54%,因此今年第二季度的业绩对比较为艰难 [1] - 2024年第一季度,JPMorgan Chase的净收入和每股收益分别增长11%和13%,净利息收入和交易收入是主要贡献因素 [1] - JPMorgan Chase在2024年第一季度的有形普通股权益回报率(ROTCE)为22% [1] 关于JPMorgan Chase - JPMorgan Chase的投资银行业务约占其总收入和利润的三分之一,是推动每股收益上升的关键业务 [4] - JPMorgan Chase预计将在未来某个时候将企业和投资银行业务并入商业银行业务 [4] - JPMorgan Chase在2024年上半年受益于创纪录的企业债券发行量 [4] - JPMorgan Chase的预期2024年和2025年每股收益增长率分别为4%和6% [4] - JPMorgan Chase在2024年第二季度的投资银行收入和交易收入均优于预期 [6][7] - JPMorgan Chase的账面价值和有形账面价值接近或超过2倍,因此不是一个"账面价值"投资标的,而是一家卓越的银行运营商 [7] 关于花旗集团(Citigroup) - 花旗集团在过去5年一直以低于账面价值和有形账面价值的折价交易,但在现任CEO Jane Fraser的领导下,业绩开始改善 [15] - 花旗集团2024年第一季度的每股收益和收入分别同比下降28%(但超出预期20%)和增长3%(超出预期2%) [18] - 花旗集团2024年全年每股收益预计下降3%,但2025年和2026年每股收益预计将增长26% [19] - 花旗集团的净资产收益率(ROE)一直约为7-8%,只有JPMorgan Chase和美国银行(BAC)的一半,但未来几年预计将提升至11-12% [21] - 花旗集团的个人银行和财富管理业务占其总收入的三分之一,但只占利润的15%左右,拖累了整体每股收益增长 [22] 整体银行业概况 - 大型银行目前处于有利的资本市场和经济环境中,信贷质量良好,利率上升有利于净利息收入,资本市场活跃 [25][26] - 2022年的经济衰退担忧导致大型银行增加了贷款损失准备,但尚未被使用,因此未来一旦经济衰退,其每股收益下降可能会相对温和 [13]

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: For 2024 Q2, S&P 500 earnings are expected to be up +8.0% from the same period last year on +4.6% higher revenues. This will be the highest earnings growth rate since the +9.9% growth rate in the first quarter of 2022. Earnings growth for the Energy sector is on tra ...

When it comes to stock market movements, earnings are the ultimate driver.The second-quarter earnings season unofficially kicks off this week. Early reports have already begun to trickle in, with the focus now turning to the major bank results on Friday.The setup heading into the season is favorable; S&P 500 earnings are projected to grow 8.6% from the year-ago period on 4.7% higher revenues. That would mark the highest EPS growth rate in about two years. The theme of accelerating earnings growth and contin ...

Citigroup Inc. (C) is slated to report second-quarter 2024 results on Jul 12, before the opening bell. With the C stock currently trading at almost a two-year high of $66.55, should you buy it before the release of its quarterly results? Before we analyze the stock’s investment worthiness, let’s first check out how it is expected to fare this time. A globally diversified financial services holding company is expected to register bottom- and top-line growth in the to-be-reported quarter.The Zacks Consensus E ...

文章核心观点 - 花旗集团将退出海地市场 [1][2][3] - 这是花旗集团在海地市场50多年来的首次撤出 [4] - 这一战略举措与花旗集团全球业务精简和聚焦核心业务的战略方向一致 [6][7] - 其他金融机构如汇丰银行和巴克莱银行也在进行类似的业务重组和精简 [8][10] 根据相关目录分别进行总结 花旗集团退出海地市场的原因 - 基于客户细分和市场状况的战略业务评估 [3] - 国际业务活动疲软和海地机构客户需求减少 [3] 花旗集团在海地市场的历史 - 花旗集团在海地市场已有50多年的历史 [4] - 一直在协助当地公司、机构、个人和社区实现其财务目标 [4] - 促进了投资和其他有助于该国经济增长的活动 [4] - 在危机时期为提供关键服务的非政府组织提供了援助 [4] 花旗集团的全球战略调整 - 聚焦拉丁美洲市场,在该地区拥有超过一个世纪的历史和广泛的客户网络 [5] - 正在逐步退出中国内地消费者财富管理业务、韩国消费者银行业务以及俄罗斯业务 [6] - 计划退出墨西哥的消费者银行、小企业银行和中型企业银行业务 [7] 同业竞争对手的战略调整 - 汇丰银行正在重组德国业务,聚焦亚洲增长战略 [8][9] - 巴克莱银行出售其德国消费金融业务 [10][11] - 上述战略调整旨在聚焦核心业务,提高资本实力 [11]

Protesters who have been blockading the entrance of Citigroup’s New York City headquarters for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent scuffle caught on video — but the bank denies any wrongdoing by any of its employees.Shocking footage of the incident obtained by The Post, which has also been circulating in edited form on Instagram, shows a man in a blue, button-down dress shirt and jeans pushing against a line of protesters who are holding what looks ...

Citigroup (C) closed the most recent trading day at $64.74, moving +1.11% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.Shares of the U.S. bank have appreciated by 3.64% over the course of the past month, outperforming the Finance sector's gain of 1.14% and lagging the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings perfo ...

Robert Way Citigroup Inc. (NYSE:C) is scheduled to release its second-quarter earnings report this Friday, July 12. As such, I decided to revisit my opinion of the stock, especially given the volatility baked into the banking industry. C Earnings Estimate (Seeking Alpha) I covered Citigroup's stock in March when I argued it was an undervalued asset. Although my prediction was somewhat correct, Citigroup's stock has shown moderate gains ever since. Pearl Gray's Previous Rating (Seeking Alpha) After further i ...