Wall Street Breakfast Big banks kick off earnings season
6 snips
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.
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Q4 Bank Earnings
- Many big banks will report Q4 earnings this week, including JPMorgan Chase, Wells Fargo, and Citigroup.
- Analysts are optimistic about some banks, like B of A and Citi, due to favorable market conditions.
Earnings Season Focus
- Goldman Sachs strategist David Kostin suggests focusing on three factors this earnings season.
- Consider sales growth amidst slowing GDP and a strong dollar, companies' adjustments to the new administration, and mega-cap tech stock sustainability.
Inflation Watch
- This week's focus is inflation, with the December CPI due Wednesday.
- A hot CPI report could impact the Fed's decisions for the year, especially regarding interest rate cuts.