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Ray9988
Ray9988
·
2022-01-05
Nice! Buy buy buy
Citigroup Sees S&P 500 Breaching 5,000-mark by Year-End on Robust Earnings
Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it
Citigroup Sees S&P 500 Breaching 5,000-mark by Year-End on Robust Earnings
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Ray9988
Ray9988
·
2022-01-05
???
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Ray9988
Ray9988
·
2021-04-27
Buy!
Lyft selling its self-driving business to Toyota subsidiary
Lyft Inc. is selling its autonomous-vehicle division to a ToyotaTM,-0.94%subsidiary for $550 million
Lyft selling its self-driving business to Toyota subsidiary
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Ray9988
Ray9988
·
2021-04-21
Hi
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Ray9988
Ray9988
·
2021-04-15
Hi
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Ray9988
Ray9988
·
2021-04-14
Beautiful!
JPMorgan Chase beats analysts’ estimates as bank releases $5.2 billion in loan loss reserves
KEY POINTSEarnings: $4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.Re
JPMorgan Chase beats analysts’ estimates as bank releases $5.2 billion in loan loss reserves
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Ray9988
Ray9988
·
2021-04-14
To the moon!
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Ray9988
Ray9988
·
2021-04-14
To the moon!
Wells Fargo EPS beats by $0.33, beats on revenue
(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on
Wells Fargo EPS beats by $0.33, beats on revenue
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Ray9988
Ray9988
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2021-04-14
Buy
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Buy buy buy ","listText":"Nice! Buy buy buy ","text":"Nice! Buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695896748","repostId":"1187321723","repostType":4,"repost":{"id":"1187321723","kind":"news","pubTimestamp":1641386130,"share":"https://www.laohu8.com/m/news/1187321723?lang=&edition=full","pubTime":"2022-01-05 20:35","market":"us","language":"en","title":"Citigroup Sees S&P 500 Breaching 5,000-mark by Year-End on Robust Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1187321723","media":"Reuters","summary":"Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it","content":"<html><head></head><body><p>Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it to breach the 5,000 level for the first time, as the brokerage expects strong corporate earnings to continue this year.</p><p>Earnings results from S&P 500 companies in 2021 blew past analyst estimates to deliver year-on-year growth in the first three quarters of 52.8%, 96.3% and 42.6%, respectively, according to Refinitiv, which currently sees fourth-quarter annual earnings growth of 22.3%.</p><p>Companies, consumers and the broader economy largely thrived in 2021, helped by several factors such as a transfer of power in the U.S. government, the "meme stock" phenomenon, generous fiscal and monetary stimulus, booming demand and price spikes.</p><p>Citigroup analysts raised their price target for the S&P 500 to 5,100 from 4,900 set in October, cautioning that a U.S. Federal Reserve policy tightening could pose valuation headwinds.</p><p>The S&P 500 rose about 27% in 2021, gaining more than 3% in the last two months alone. 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup Sees S&P 500 Breaching 5,000-mark by Year-End on Robust Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 20:35 GMT+8 <a href=https://finance.yahoo.com/news/citigroup-sees-p-500-breaching-122142950.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it to breach the 5,000 level for the first time, as the brokerage expects strong corporate earnings to...</p>\n\n<a href=\"https://finance.yahoo.com/news/citigroup-sees-p-500-breaching-122142950.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://finance.yahoo.com/news/citigroup-sees-p-500-breaching-122142950.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187321723","content_text":"Citigroup analysts on Wednesday raised their S&P 500 price target for the end of 2022, estimating it to breach the 5,000 level for the first time, as the brokerage expects strong corporate earnings to continue this year.Earnings results from S&P 500 companies in 2021 blew past analyst estimates to deliver year-on-year growth in the first three quarters of 52.8%, 96.3% and 42.6%, respectively, according to Refinitiv, which currently sees fourth-quarter annual earnings growth of 22.3%.Companies, consumers and the broader economy largely thrived in 2021, helped by several factors such as a transfer of power in the U.S. government, the \"meme stock\" phenomenon, generous fiscal and monetary stimulus, booming demand and price spikes.Citigroup analysts raised their price target for the S&P 500 to 5,100 from 4,900 set in October, cautioning that a U.S. Federal Reserve policy tightening could pose valuation headwinds.The S&P 500 rose about 27% in 2021, gaining more than 3% in the last two months alone. The index closed at 4793.54 on Tuesday.Upcoming quarterly results and 2022 outlook of companies could provide the cushion for growth, despite COVID-19 and supply chain woes, Citigroup analyst Scott Chronert said.","news_type":1,"symbols_score_info":{"C":0.9}},"isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695896433,"gmtCreate":1641391397844,"gmtModify":1641391398075,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695896433","repostId":"2201393362","repostType":4,"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":377817391,"gmtCreate":1619514586813,"gmtModify":1634212145281,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/377817391","repostId":"1122190937","repostType":4,"repost":{"id":"1122190937","kind":"news","pubTimestamp":1619510739,"share":"https://www.laohu8.com/m/news/1122190937?lang=&edition=full","pubTime":"2021-04-27 16:05","market":"us","language":"en","title":"Lyft selling its self-driving business to Toyota subsidiary","url":"https://stock-news.laohu8.com/highlight/detail?id=1122190937","media":"MarketWatch","summary":"Lyft Inc. is selling its autonomous-vehicle division to a ToyotaTM,-0.94%subsidiary for $550 million","content":"<p>Lyft Inc. is selling its autonomous-vehicle division to a ToyotaTM,-0.94%subsidiary for $550 million in cash, calling the move a way to speed up the development of self-driving technology.</p>\n<p>LyftLYFT,-1.00%said Monday that its Level 5 autonomous-vehicle team will join Woven Planet Holdings Inc., a Toyota Group AV company.</p>\n<p>“Lyft has spent nine years building a transportation network that is uniquely capable of scaling AVs,” said Lyft Chief Executive Logan Green in a statement. “This partnership between Woven Planet and Lyft represents a major step forward for autonomous-vehicle technology.”</p>\n<p>Lyft President John Zimmer said on a conference call with analysts that there were “a number” of companies interested in Level 5, but that the company believed going with a subsidiary of Toyota, the world’s largest automaker, made the most sense.</p>\n<p>Zimmer also said Lyft, which has been testing rides in self-driving vehicles in Las Vegas with partner Motional for the past few years, has had more than 100,000 paid AV rides. He said he and Green have been thinking about fleet efficiency and maximizing cost per mile for a long time.</p>\n<p>“Our network can introduce millions of riders to autonomous vehicles,” Zimmer said. “This puts us in the best position to win the AV transition.”</p>\n<p>Under the deal, approved by both boards and subject to customary closing conditions, Lyft will receive $200 million upfront and $350 million in payments over a five-year period, according to a news release. The ride-hailing company also said it expects the transaction to reduce net operating expenses by $100 million, which will help get it to adjusted EBITDA profitability sooner. The deal is expected to close in the third quarter.</p>\n<p>Woven Planet and Lyft also agreed that the former will use the latter’s system and fleet data. While the Level 5 team, which a spokesman said numbers about 300, will head to Woven Planet, a newly named Lyft Autonomous team will be responsible for riders’ experience in self-driving vehicles and handling AV partnerships.</p>\n<p>Shares of Lyft were up about 2.5% in extended trading after closing down 1% at $63.06 in the regular session.</p>\n<p>In December, Lyft rival Uber Technologies Inc.UBER,-0.55%unloaded its self-driving business to startup Aurora Technologies. That deal involved Uber investing $400 million into Aurora and retaining a stake in it.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lyft selling its self-driving business to Toyota subsidiary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLyft selling its self-driving business to Toyota subsidiary\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 16:05 GMT+8 <a href=https://www.marketwatch.com/story/lyft-selling-its-self-driving-business-to-toyota-subsidiary-11619469993?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lyft Inc. is selling its autonomous-vehicle division to a ToyotaTM,-0.94%subsidiary for $550 million in cash, calling the move a way to speed up the development of self-driving technology.\nLyftLYFT,-...</p>\n\n<a href=\"https://www.marketwatch.com/story/lyft-selling-its-self-driving-business-to-toyota-subsidiary-11619469993?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LYFT":"Lyft, Inc."},"source_url":"https://www.marketwatch.com/story/lyft-selling-its-self-driving-business-to-toyota-subsidiary-11619469993?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122190937","content_text":"Lyft Inc. is selling its autonomous-vehicle division to a ToyotaTM,-0.94%subsidiary for $550 million in cash, calling the move a way to speed up the development of self-driving technology.\nLyftLYFT,-1.00%said Monday that its Level 5 autonomous-vehicle team will join Woven Planet Holdings Inc., a Toyota Group AV company.\n“Lyft has spent nine years building a transportation network that is uniquely capable of scaling AVs,” said Lyft Chief Executive Logan Green in a statement. “This partnership between Woven Planet and Lyft represents a major step forward for autonomous-vehicle technology.”\nLyft President John Zimmer said on a conference call with analysts that there were “a number” of companies interested in Level 5, but that the company believed going with a subsidiary of Toyota, the world’s largest automaker, made the most sense.\nZimmer also said Lyft, which has been testing rides in self-driving vehicles in Las Vegas with partner Motional for the past few years, has had more than 100,000 paid AV rides. He said he and Green have been thinking about fleet efficiency and maximizing cost per mile for a long time.\n“Our network can introduce millions of riders to autonomous vehicles,” Zimmer said. “This puts us in the best position to win the AV transition.”\nUnder the deal, approved by both boards and subject to customary closing conditions, Lyft will receive $200 million upfront and $350 million in payments over a five-year period, according to a news release. The ride-hailing company also said it expects the transaction to reduce net operating expenses by $100 million, which will help get it to adjusted EBITDA profitability sooner. The deal is expected to close in the third quarter.\nWoven Planet and Lyft also agreed that the former will use the latter’s system and fleet data. While the Level 5 team, which a spokesman said numbers about 300, will head to Woven Planet, a newly named Lyft Autonomous team will be responsible for riders’ experience in self-driving vehicles and handling AV partnerships.\nShares of Lyft were up about 2.5% in extended trading after closing down 1% at $63.06 in the regular session.\nIn December, Lyft rival Uber Technologies Inc.UBER,-0.55%unloaded its self-driving business to startup Aurora Technologies. That deal involved Uber investing $400 million into Aurora and retaining a stake in it.","news_type":1,"symbols_score_info":{"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371269734,"gmtCreate":1618944011328,"gmtModify":1634289731643,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371269734","repostId":"2128431842","repostType":4,"isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347214914,"gmtCreate":1618496562338,"gmtModify":1634292521562,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347214914","repostId":"1138309443","repostType":4,"isVote":1,"tweetType":1,"viewCount":1555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344505823,"gmtCreate":1618413189262,"gmtModify":1634293093818,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"Beautiful!","listText":"Beautiful!","text":"Beautiful!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344505823","repostId":"1195099187","repostType":4,"repost":{"id":"1195099187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618397517,"share":"https://www.laohu8.com/m/news/1195099187?lang=&edition=full","pubTime":"2021-04-14 18:51","market":"us","language":"en","title":"JPMorgan Chase beats analysts’ estimates as bank releases $5.2 billion in loan loss reserves","url":"https://stock-news.laohu8.com/highlight/detail?id=1195099187","media":"Tiger Newspress","summary":"KEY POINTSEarnings: $4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.Re","content":"<p><b>KEY POINTS</b></p><ul><li>Earnings: $4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.</li><li>Revenue: $33.12 billion, vs. $30.52 billion expected.</li></ul><p>(April 14) JPMorgan Chasereported first-quarter earnings before the opening bell on Wednesday.</p><p>Here are the numbers:</p><ul><li><b>Earnings:</b>$4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.</li><li><b>Revenue:</b>$33.12 billion, vs. $30.52 billion expected.</li><li>Credit costs net benefit of $4.2 billion included $5.2 billion of net reserve releases and $1.1 billion of net charge-offs.</li><li>Average loans up 1%; average deposits up 36%</li><li>$1.5 trillion of liquidity sources, including HQLA and unencumbered marketable securities</li><li>Average deposits up 32%; client investment assets up 44%</li><li>Average loans down 7%; debit and credit card sales volume up 9%</li><li>Active mobile customers up 9%</li><li>Global Investment Banking wallet share of 9.0% in 1Q21</li><li>Total Markets revenue of $9.1 billion, up 25%, with Fixed Income Markets up 15% and Equity Markets up 47%</li><li>Gross Investment Banking revenue of $1.1 billion, up 65%</li><li>Average loans down 2%; average deposits up 54%</li><li>Assets under management (AUM) of $2.8 trillion, up 28%</li><li>Average loans up 18%; average deposits up 43%</li></ul><p>JPMorgan Chase slipped 1% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/e7507e54ef613f6f1636ce34550816c8\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"></p><p>JPMorgan Chase, the first major bank to report first-quarter earnings, will be closely watched for clues as to how the industry will emerge from the coronavirus pandemic.</p><p>One key question is whether banks will continue to release loan loss reserves — and the magnitude of those releases — that are no longer needed as the U.S. economic recovery gains pace. In the fourth quarter, JPMorgan beat expectations in part by releasing $2.9 billion in reserves.</p><p>JPMorgan, with the world's biggest Wall Street division by revenue, is also expected to benefit from robust investment banking fees driven by record issuance of SPACs, the blank check companies that saw more activity in the first quarter than all of 2020, itself a record year. Trading revenue is also expected to be a tailwind in the quarter.</p><p>Analysts will also be curious about the pace of share repurchases the bank is expected to make. Last month, the Federal Reserve said banks that pass the industry's 2021 stress test will be allowed to resume higher levels of dividend payouts and buybacks starting June 30.</p><p>Shares of JPMorgan rose 21% so far this year, compared to the 25% advance of the KBW Bank Index.</p><p><img src=\"https://static.tigerbbs.com/ade6e23d309c02ebd566a97e22d0b776\" tg-width=\"1894\" tg-height=\"250\" referrerpolicy=\"no-referrer\">Discussion of Results:</p><p>Net income was $14.3 billion, up $11.4 billion, predominantly driven by credit reserve releases of $5.2 billion compared to credit reserve builds of $6.8 billion in the prior year.</p><p>Net revenue of $33.1 billion was up 14%. Noninterest revenue was $20.1 billion, up 39%, driven by higher CIB Markets revenue, higher Investment Banking fees, and the absence of losses in Credit Adjustments and Other and markdowns on held-for-sale positions in the bridge book13 recorded in the prior year. Net interest income was $13.0 billion, down 11%, predominantly driven by the impact of lower rates, partially offset by balance sheet growth.</p><p>Noninterest expense was $18.7 billion, up 12%, predominantly driven by higher volume- and revenue-related expense and continued investments. The increase in expense also included a $550 million contribution to the Firm’s Foundation.</p><p>The provision for credit losses was a net benefit of $4.2 billion driven by net reserve releases of $5.2 billion, compared to an expense of $8.3 billion in the prior year predominantly driven by net reserve builds of $6.8 billion. The Consumer reserve release was $4.5 billion, and included a $3.5 billion release in Card, reflecting improvements in the macroeconomic scenarios, and a $625 million reserve release in Home Lending primarily due to improvements in house price index (HPI) expectations and to a lesser extent portfolio run-off. The Wholesale reserve release was $716 million reflecting improvements in the macroeconomic scenarios. Net charge-offs of $1.1 billion were down $412 million, predominantly driven by Card.</p><p><img src=\"https://static.tigerbbs.com/ef7db3c342d0b99ad63d96fdea9fd129\" tg-width=\"1889\" tg-height=\"232\">Discussion of Results:</p><p>Net income was $6.7 billion, up $6.5 billion, driven by credit reserve releases compared to reserve builds in the prior year. Net revenue was $12.5 billion, down 6%.</p><p>Consumer & Business Banking net revenue was $5.6 billion, down 10%, driven by the impact of deposit margin compression, largely offset by growth in deposit balances. Home Lending net revenue was $1.5 billion, up 26%, driven by higher production revenue, partially offset by lower net interest income on lower balances. Card & Auto net revenue was $5.4 billion, down 7%, driven by lower Card net interest income on lower balances, partially offset by lower Card acquisition costs and higher Card net interchange income.</p><p>Noninterest expense was $7.2 billion, down 1%.</p><p>The provision for credit losses was a net benefit of $3.6 billion, including a $4.6 billion reserve release reflecting improvements in the macroeconomic scenarios compared to a $4.5 billion reserve build in the prior year. Net charge-offs were $1.0 billion, down $290 million, driven by Card.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Chase beats analysts’ estimates as bank releases $5.2 billion in loan loss reserves</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Chase beats analysts’ estimates as bank releases $5.2 billion in loan loss reserves\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-14 18:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>KEY POINTS</b></p><ul><li>Earnings: $4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.</li><li>Revenue: $33.12 billion, vs. $30.52 billion expected.</li></ul><p>(April 14) JPMorgan Chasereported first-quarter earnings before the opening bell on Wednesday.</p><p>Here are the numbers:</p><ul><li><b>Earnings:</b>$4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.</li><li><b>Revenue:</b>$33.12 billion, vs. $30.52 billion expected.</li><li>Credit costs net benefit of $4.2 billion included $5.2 billion of net reserve releases and $1.1 billion of net charge-offs.</li><li>Average loans up 1%; average deposits up 36%</li><li>$1.5 trillion of liquidity sources, including HQLA and unencumbered marketable securities</li><li>Average deposits up 32%; client investment assets up 44%</li><li>Average loans down 7%; debit and credit card sales volume up 9%</li><li>Active mobile customers up 9%</li><li>Global Investment Banking wallet share of 9.0% in 1Q21</li><li>Total Markets revenue of $9.1 billion, up 25%, with Fixed Income Markets up 15% and Equity Markets up 47%</li><li>Gross Investment Banking revenue of $1.1 billion, up 65%</li><li>Average loans down 2%; average deposits up 54%</li><li>Assets under management (AUM) of $2.8 trillion, up 28%</li><li>Average loans up 18%; average deposits up 43%</li></ul><p>JPMorgan Chase slipped 1% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/e7507e54ef613f6f1636ce34550816c8\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"></p><p>JPMorgan Chase, the first major bank to report first-quarter earnings, will be closely watched for clues as to how the industry will emerge from the coronavirus pandemic.</p><p>One key question is whether banks will continue to release loan loss reserves — and the magnitude of those releases — that are no longer needed as the U.S. economic recovery gains pace. In the fourth quarter, JPMorgan beat expectations in part by releasing $2.9 billion in reserves.</p><p>JPMorgan, with the world's biggest Wall Street division by revenue, is also expected to benefit from robust investment banking fees driven by record issuance of SPACs, the blank check companies that saw more activity in the first quarter than all of 2020, itself a record year. Trading revenue is also expected to be a tailwind in the quarter.</p><p>Analysts will also be curious about the pace of share repurchases the bank is expected to make. Last month, the Federal Reserve said banks that pass the industry's 2021 stress test will be allowed to resume higher levels of dividend payouts and buybacks starting June 30.</p><p>Shares of JPMorgan rose 21% so far this year, compared to the 25% advance of the KBW Bank Index.</p><p><img src=\"https://static.tigerbbs.com/ade6e23d309c02ebd566a97e22d0b776\" tg-width=\"1894\" tg-height=\"250\" referrerpolicy=\"no-referrer\">Discussion of Results:</p><p>Net income was $14.3 billion, up $11.4 billion, predominantly driven by credit reserve releases of $5.2 billion compared to credit reserve builds of $6.8 billion in the prior year.</p><p>Net revenue of $33.1 billion was up 14%. Noninterest revenue was $20.1 billion, up 39%, driven by higher CIB Markets revenue, higher Investment Banking fees, and the absence of losses in Credit Adjustments and Other and markdowns on held-for-sale positions in the bridge book13 recorded in the prior year. Net interest income was $13.0 billion, down 11%, predominantly driven by the impact of lower rates, partially offset by balance sheet growth.</p><p>Noninterest expense was $18.7 billion, up 12%, predominantly driven by higher volume- and revenue-related expense and continued investments. The increase in expense also included a $550 million contribution to the Firm’s Foundation.</p><p>The provision for credit losses was a net benefit of $4.2 billion driven by net reserve releases of $5.2 billion, compared to an expense of $8.3 billion in the prior year predominantly driven by net reserve builds of $6.8 billion. The Consumer reserve release was $4.5 billion, and included a $3.5 billion release in Card, reflecting improvements in the macroeconomic scenarios, and a $625 million reserve release in Home Lending primarily due to improvements in house price index (HPI) expectations and to a lesser extent portfolio run-off. The Wholesale reserve release was $716 million reflecting improvements in the macroeconomic scenarios. Net charge-offs of $1.1 billion were down $412 million, predominantly driven by Card.</p><p><img src=\"https://static.tigerbbs.com/ef7db3c342d0b99ad63d96fdea9fd129\" tg-width=\"1889\" tg-height=\"232\">Discussion of Results:</p><p>Net income was $6.7 billion, up $6.5 billion, driven by credit reserve releases compared to reserve builds in the prior year. Net revenue was $12.5 billion, down 6%.</p><p>Consumer & Business Banking net revenue was $5.6 billion, down 10%, driven by the impact of deposit margin compression, largely offset by growth in deposit balances. Home Lending net revenue was $1.5 billion, up 26%, driven by higher production revenue, partially offset by lower net interest income on lower balances. Card & Auto net revenue was $5.4 billion, down 7%, driven by lower Card net interest income on lower balances, partially offset by lower Card acquisition costs and higher Card net interchange income.</p><p>Noninterest expense was $7.2 billion, down 1%.</p><p>The provision for credit losses was a net benefit of $3.6 billion, including a $4.6 billion reserve release reflecting improvements in the macroeconomic scenarios compared to a $4.5 billion reserve build in the prior year. Net charge-offs were $1.0 billion, down $290 million, driven by Card.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195099187","content_text":"KEY POINTSEarnings: $4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.Revenue: $33.12 billion, vs. $30.52 billion expected.(April 14) JPMorgan Chasereported first-quarter earnings before the opening bell on Wednesday.Here are the numbers:Earnings:$4.50 per share, vs. $3.10 per share expected by analysts polled by Refinitiv.Revenue:$33.12 billion, vs. $30.52 billion expected.Credit costs net benefit of $4.2 billion included $5.2 billion of net reserve releases and $1.1 billion of net charge-offs.Average loans up 1%; average deposits up 36%$1.5 trillion of liquidity sources, including HQLA and unencumbered marketable securitiesAverage deposits up 32%; client investment assets up 44%Average loans down 7%; debit and credit card sales volume up 9%Active mobile customers up 9%Global Investment Banking wallet share of 9.0% in 1Q21Total Markets revenue of $9.1 billion, up 25%, with Fixed Income Markets up 15% and Equity Markets up 47%Gross Investment Banking revenue of $1.1 billion, up 65%Average loans down 2%; average deposits up 54%Assets under management (AUM) of $2.8 trillion, up 28%Average loans up 18%; average deposits up 43%JPMorgan Chase slipped 1% in premarket trading.JPMorgan Chase, the first major bank to report first-quarter earnings, will be closely watched for clues as to how the industry will emerge from the coronavirus pandemic.One key question is whether banks will continue to release loan loss reserves — and the magnitude of those releases — that are no longer needed as the U.S. economic recovery gains pace. In the fourth quarter, JPMorgan beat expectations in part by releasing $2.9 billion in reserves.JPMorgan, with the world's biggest Wall Street division by revenue, is also expected to benefit from robust investment banking fees driven by record issuance of SPACs, the blank check companies that saw more activity in the first quarter than all of 2020, itself a record year. Trading revenue is also expected to be a tailwind in the quarter.Analysts will also be curious about the pace of share repurchases the bank is expected to make. Last month, the Federal Reserve said banks that pass the industry's 2021 stress test will be allowed to resume higher levels of dividend payouts and buybacks starting June 30.Shares of JPMorgan rose 21% so far this year, compared to the 25% advance of the KBW Bank Index.Discussion of Results:Net income was $14.3 billion, up $11.4 billion, predominantly driven by credit reserve releases of $5.2 billion compared to credit reserve builds of $6.8 billion in the prior year.Net revenue of $33.1 billion was up 14%. Noninterest revenue was $20.1 billion, up 39%, driven by higher CIB Markets revenue, higher Investment Banking fees, and the absence of losses in Credit Adjustments and Other and markdowns on held-for-sale positions in the bridge book13 recorded in the prior year. Net interest income was $13.0 billion, down 11%, predominantly driven by the impact of lower rates, partially offset by balance sheet growth.Noninterest expense was $18.7 billion, up 12%, predominantly driven by higher volume- and revenue-related expense and continued investments. The increase in expense also included a $550 million contribution to the Firm’s Foundation.The provision for credit losses was a net benefit of $4.2 billion driven by net reserve releases of $5.2 billion, compared to an expense of $8.3 billion in the prior year predominantly driven by net reserve builds of $6.8 billion. The Consumer reserve release was $4.5 billion, and included a $3.5 billion release in Card, reflecting improvements in the macroeconomic scenarios, and a $625 million reserve release in Home Lending primarily due to improvements in house price index (HPI) expectations and to a lesser extent portfolio run-off. The Wholesale reserve release was $716 million reflecting improvements in the macroeconomic scenarios. Net charge-offs of $1.1 billion were down $412 million, predominantly driven by Card.Discussion of Results:Net income was $6.7 billion, up $6.5 billion, driven by credit reserve releases compared to reserve builds in the prior year. Net revenue was $12.5 billion, down 6%.Consumer & Business Banking net revenue was $5.6 billion, down 10%, driven by the impact of deposit margin compression, largely offset by growth in deposit balances. Home Lending net revenue was $1.5 billion, up 26%, driven by higher production revenue, partially offset by lower net interest income on lower balances. Card & Auto net revenue was $5.4 billion, down 7%, driven by lower Card net interest income on lower balances, partially offset by lower Card acquisition costs and higher Card net interchange income.Noninterest expense was $7.2 billion, down 1%.The provision for credit losses was a net benefit of $3.6 billion, including a $4.6 billion reserve release reflecting improvements in the macroeconomic scenarios compared to a $4.5 billion reserve build in the prior year. Net charge-offs were $1.0 billion, down $290 million, driven by Card.","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":1449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344506869,"gmtCreate":1618413095351,"gmtModify":1634293094305,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344506869","repostId":"1193747033","repostType":4,"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344501989,"gmtCreate":1618412988141,"gmtModify":1634293095958,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344501989","repostId":"1167332274","repostType":4,"repost":{"id":"1167332274","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618401278,"share":"https://www.laohu8.com/m/news/1167332274?lang=&edition=full","pubTime":"2021-04-14 19:54","market":"us","language":"en","title":"Wells Fargo EPS beats by $0.33, beats on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1167332274","media":"Tiger Newspress","summary":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on ","content":"<p>(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p>Here’s how the results stacked up to expectations:</p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul><p>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p>Wells Fargo Shares dipped 0.48% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><b>Consumer Banking and Lending</b></p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><p><b>Commercial Banking</b></p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><p><b>Corporate and Investment Banking</b></p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><p><b>Wealth and Investment Management</b></p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><p><b>Capital</b></p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><p><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release <<<</b></a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wells Fargo EPS beats by $0.33, beats on revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWells Fargo EPS beats by $0.33, beats on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-14 19:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p>Here’s how the results stacked up to expectations:</p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul><p>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p>Wells Fargo Shares dipped 0.48% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><b>Consumer Banking and Lending</b></p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><p><b>Commercial Banking</b></p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><p><b>Corporate and Investment Banking</b></p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><p><b>Wealth and Investment Management</b></p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><p><b>Capital</b></p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><p><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release <<<</b></a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167332274","content_text":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.Here’s how the results stacked up to expectations:Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.Wells Fargo Q1 net interest income down 22% to $8.798 bln.Wells Fargo Q1 noninterest income up 45% to $9.625 bln.Wells Fargo Q1 home lending up 19%.Wells Fargo Q1 markets revenue up 19%.Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.Wells Fargo Shares dipped 0.48% in premarket trading.Company-wide Financial SummaryOperating Segments and Other Highlights:Consumer Banking and LendingAverage loans of $353.1 billion, down 8%Average deposits of $789.4 billion, up 21%Commercial BankingAverage loans of $183.1 billion, down 19%Average deposits of $208.0 billion, up 8%Corporate and Investment BankingAverage loans of $246.1 billion, down 5%Average trading-related assets of $197.4 billion, down 14%Average deposits of $194.5 billion, down 27%Wealth and Investment ManagementTotal client assets of $2.1 trillion, up 28%Average loans of $80.8 billion, up 4%Average deposits of $173.7 billion, up 19%CapitalRepurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021Press Release <<<","news_type":1,"symbols_score_info":{"WFC":0.9}},"isVote":1,"tweetType":1,"viewCount":1595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344271806,"gmtCreate":1618412560605,"gmtModify":1634293101316,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573707937767921","authorIdStr":"3573707937767921"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344271806","repostId":"2127454000","repostType":4,"isVote":1,"tweetType":1,"viewCount":1406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}