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Wall Street Breakfast
Big banks kick off earnings season
Jan 12, 2025
The podcast dives into the earnings season of major banks like JPMorgan and Wells Fargo, analyzing the impact on market predictions. Insights on a hot CPI signal potential challenges for rate cuts. It also discusses the staggering economic effects of L.A. wildfires, speculating they may become the costliest ever. Additionally, Zuckerberg’s criticisms of Apple and an analysis of overbought and oversold stock markets round out an engaging discussion on global financial trends.
06:28
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Quick takeaways
- Major banks' Q4 earnings reports indicate a focus on sales growth amid slowing GDP and a strengthening U.S. dollar.
- Inflation remains a critical concern, potentially impacting Federal Reserve policy as December's CPI report suggests ongoing price pressures.
Deep dives
Upcoming Earnings Reports and Market Outlook
The week's earnings reports will be led by major banks such as JPMorgan Chase, Wells Fargo, and Citigroup, signaling the official start of the Q4 reporting season. Analysts are particularly focused on indicators for the 2025 outlook, including sales growth amid slowing nominal GDP and rising U.S. dollar strength. Recent upgrades, notably HSBC's 'buy' rating for Bank of America, emphasize the favorable conditions impacting large financial institutions. The consensus forecasts for S&P 500 earnings growth in 2025 are positioned around 11%, highlighting expectations for continued financial sector strength.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode