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JP Morgan earnings miss forecasts on massive FDIC bank-rescue payout

Updated at 8:52 AM EST JPMorgan Chase (JPM) - Get Free Report posted weaker-than-expected fourth-quarter earnings Friday, thanks in part to a $3 billion payment it made to the Federal Deposit Insurance Corp. to pay for the rescues of several regional banks last spring. JPMorgan said earnings for the three months ended in December were $9.3 billion, or $3.06 a share, down 14.3% from the year-earlier period and well shy of the Wall Street consensus forecast of $3.32 per share. 'Special Assessment' hurts JP Morgan profit The bank's $3 billion 'Special Assessment' FDIC payout, however, trimmed 74 cents from its overall bottom line, which would have otherwise topped Wall Street forecasts. JP Morgan CEO Jamie Dimon speaks at the UK Global Investment Summit at Hampton Court Palace in London on Monday, Nov. 27, 2023. Bloomberg/Getty Images Reported revenue, JPMorgan said, rose 8.4% to $38.57 billion, again missing analysts' estimates of a $39.78 billion tally. Managed revenue, however, were up 12.3% at $39.94 billion, topping Wall Street forecasts. JP Morgan is the fifth largest bank in the world, with a market value of around $492 billion and around $3.2 trillion in assets under its umbrella. Net interest income also impressed, rising 19% to a record $24.2 billion a result of the higher-interest-rate environment, offsetting a slump in global dealmaking fees amid a dearth of new listings and takeovers so far this year. Merger activity slumped to the lowest levels in a decade last year, with overall volumes down 18% from 2022 levels, according to LSEG data, with around $3 trillion in deals completed. In the U.S. overall deals fell 8% to around $1.42 trillion.Dimon: Economy resilient, geopolitics prompts caution "The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing. It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus," said CEO Jamie Dimon. "There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending and rising health care costs," he added. "This may lead inflation to be stickier and rates to be higher than markets expect," he added. "And the ongoing wars in Ukraine and the Middle East have the potential to disrupt energy and food markets, migration, and military and economic relationships, in addition to their dreadful human cost," Dimon said. "These significant and somewhat unprecedented forces cause us to remain cautious." Dimon, who has led the bank since 2006, is one of the most respected men in global finance and was once considered as a possible Democratic candidate for president. JP Morgan shares were marked 1.98% higher in premarket trading immediately following the earnings release to indicate an opening bell price of $173.65 each.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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*Контейнер с образцами астероида Бенну открыли спустя несколько месяцев мучений*

Для этого пришлось разработать и изготовить два новых инструмента.
[Read more...](https://lifehacker.ru/uchenye-otkryli-kontejner-s-bennu/)
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[Read more...](https://encyclopedie_universelle.fracademic.com/146746/%C3%A9lectrongramme)
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*taqueuse nom féminin Machine servant à taquer*


[Read more...](https://encyclopedie_universelle.fracademic.com/141384/taqueuse)
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taqueuse nom féminin Machine servant à taquer


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*Your We’re just*

This image has no right to be as funny as it is. submitted by /u/ReconJesus to r/pcmasterrace [link] [comments]
[Read more...](https://www.reddit.com/r/pcmasterrace/comments/194qo4t/your_were_just/)
Your We’re just

This image has no right to be as funny as it is. submitted by /u/ReconJesus to r/pcmasterrace link comments
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The most popular browsers in each country. 2012 vs 2022

submitted by /u/Micronlance to r/MapPorn link comments
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*JP Morgan hits record high as 2024 forecast offsets FDIC-lead earnings miss*

Updated at 9:41 AM EST JPMorgan Chase (JPM) - Get Free Report shares jumped to a fresh record high Friday after the world's fifth-largest bank forecast solid net interest income gains that offset a weaker-than-expected fourth-quarter report. JPMorgan said earnings for the three months ended in December were $9.3 billion, or $3.06 a share, down 14.3% from the year-earlier period and well shy of the Wall Street consensus forecast of $3.32 per share. 'Special Assessment' hurts JP Morgan profit JPMorgan's $3 billion 'Special Assessment' payout to the Federal Deposit Insurance Corporation, tied to the spring rescue of several regional banks, however, trimmed 74 cents from its overall bottom line, which would have otherwise topped Wall Street forecasts. JP Morgan CEO Jamie Dimon speaks at the UK Global Investment Summit at Hampton Court Palace in London on Monday, Nov. 27, 2023. Bloomberg/Getty Images Reported revenue, JPMorgan said, rose 8.4% to $38.57 billion, again missing analysts' estimates of a $39.78 billion tally. Managed revenue, however, were up 12.3% at $39.94 billion, topping Wall Street forecasts. JP Morgan is the fifth largest bank in the world, with a market value of around $492 billion and around $3.2 trillion in assets under its umbrella. Net interest income also impressed, rising 19% to a record $24.2 billion a result of the higher-interest-rate environment, offsetting a slump in global dealmaking fees amid a dearth of new listings and takeovers so far this year. The bank said it sees NII rising to just over $90 billion this year, a tally that will likely top its overall expenses target. Merger activity slumped to the lowest levels in a decade last year, with overall volumes down 18% from 2022 levels, according to LSEG data, with around $3 trillion in deals completed. In the U.S. overall deals fell 8% to around $1.42 trillion.Dimon: Economy resilient, geopolitics prompts caution "The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing. It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus," said CEO Jamie Dimon. "There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending and rising health care costs," he added. "This may lead inflation to be stickier and rates to be higher than markets expect," he added. "And the ongoing wars in Ukraine and the Middle East have the potential to disrupt energy and food markets, migration, and military and economic relationships, in addition to their dreadful human cost," Dimon said. "These significant and somewhat unprecedented forces cause us to remain cautious." Dimon, who has led the bank since 2006, is one of the most respected men in global finance and was once considered as a possible Democratic candidate for president. JP Morgan shares were marked 2.4% higher in early Friday trading immediately following the earnings release to change hands at $174.33 each. The shares hit a fresh record high of $176.31 each earlier in the session.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/stocks/jp-morgan-earnings-miss-forecasts-on-3-billion-fdic-bank-rescue-payout)
*Tesla stock slides on Berlin factory closures, more China EV price cuts*

Updated at 9:56 a.m. EST Tesla (TSLA) - Get Free Report shares slumped lower in early Friday trading following another round of EV price cuts in China and reports that it would suspend production at its new Berlin factory after supply disruptions linked to attacks on ships in the Red Sea. Tesla confirmed a Reuters report that its Berlin factory, which opened last year, would suspend operations from Jan. 29 to Feb. 11 as key components from shipments through the Red Sea, which feeds into the Suez Canal, remain targets of Houthi rebels in Yemen. Map of the Red Sea region Shutterstock-Below the Sky US, UK coordinate attacks against Houthis The U.S. and the U.K. carried out coordinated military attacks on the Iran-backed rebels on Friday, with President Joe Biden saying in a statement that he will not tolerate "attacks on our personnel or allow hostile actors to imperil freedom of navigation." "The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also having an impact on production in Gruenheide," Tesla said in a statement. "The considerably longer transportation times are creating a gap in supply chains." Tesla is also cutting the price of its new Model 3 sedan in China by around 6%, to 245,900 yuan ($34,600), with a near 3% reduction in the price of its Model Y sport utility EV. Tesla is also cutting the price of its new Model 3 sedan in China by around 6%, to 245,900 yuan ($34,600), with a near 3% reduction in the price of its Model Y sport utility EV. Morgan Stanley analysts said the new round of cuts could trigger a fresh round of price-lead competition in the Chin market, as "major OEMs may look to undercut competitors to lock in as many orders as possible, as their order backlogs are low given the year-end sales push."More Tesla:Why Tesla stock is going through the roof -- and where it could go nextElon Musk's latest Tesla announcement could shake up the entire EV industryElon Musk has a 'purity' around motivation for game-changing EV deal Tesla shares were marked 1% lower in early Friday trading to change hands near $225. Earlier this month, Tesla reported that it delivered a record 484,507 new cars over the three months ended in December. That was up 19.6% from the year-earlier period and 11.4% north of the 435,059 tally reached over the three months ended in September. The full-year tally was marked at 1.81 million cars, rising 38% from a year earlier and topping the group's official forecast of 1.8 million but falling shy of CEO Elon Musk's target of 2 million. Tesla will report fourth-quarter results after the close of trading on Jan. 24.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/tesla-slumps-as-red-sea-attacks-force-berlin-factory-suspension)
JP Morgan hits record high as 2024 forecast offsets FDIC-lead earnings miss

Updated at 9:41 AM EST JPMorgan Chase (JPM) - Get Free Report shares jumped to a fresh record high Friday after the world's fifth-largest bank forecast solid net interest income gains that offset a weaker-than-expected fourth-quarter report. JPMorgan said earnings for the three months ended in December were $9.3 billion, or $3.06 a share, down 14.3% from the year-earlier period and well shy of the Wall Street consensus forecast of $3.32 per share. 'Special Assessment' hurts JP Morgan profit JPMorgan's $3 billion 'Special Assessment' payout to the Federal Deposit Insurance Corporation, tied to the spring rescue of several regional banks, however, trimmed 74 cents from its overall bottom line, which would have otherwise topped Wall Street forecasts. JP Morgan CEO Jamie Dimon speaks at the UK Global Investment Summit at Hampton Court Palace in London on Monday, Nov. 27, 2023. Bloomberg/Getty Images Reported revenue, JPMorgan said, rose 8.4% to $38.57 billion, again missing analysts' estimates of a $39.78 billion tally. Managed revenue, however, were up 12.3% at $39.94 billion, topping Wall Street forecasts. JP Morgan is the fifth largest bank in the world, with a market value of around $492 billion and around $3.2 trillion in assets under its umbrella. Net interest income also impressed, rising 19% to a record $24.2 billion a result of the higher-interest-rate environment, offsetting a slump in global dealmaking fees amid a dearth of new listings and takeovers so far this year. The bank said it sees NII rising to just over $90 billion this year, a tally that will likely top its overall expenses target. Merger activity slumped to the lowest levels in a decade last year, with overall volumes down 18% from 2022 levels, according to LSEG data, with around $3 trillion in deals completed. In the U.S. overall deals fell 8% to around $1.42 trillion.Dimon: Economy resilient, geopolitics prompts caution "The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing. It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus," said CEO Jamie Dimon. "There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending and rising health care costs," he added. "This may lead inflation to be stickier and rates to be higher than markets expect," he added. "And the ongoing wars in Ukraine and the Middle East have the potential to disrupt energy and food markets, migration, and military and economic relationships, in addition to their dreadful human cost," Dimon said. "These significant and somewhat unprecedented forces cause us to remain cautious." Dimon, who has led the bank since 2006, is one of the most respected men in global finance and was once considered as a possible Democratic candidate for president. JP Morgan shares were marked 2.4% higher in early Friday trading immediately following the earnings release to change hands at $174.33 each. The shares hit a fresh record high of $176.31 each earlier in the session.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...