Stock Movers JPMorgan Beats Estimates; BlackRock Fund Flows; Texas Instruments Production
Apr 11, 2025
JPMorgan's strong earnings defied expectations, yet the CEO raised concerns about potential economic challenges ahead. Meanwhile, Wells Fargo faced a mixed report, warning of a slowing economy despite a drop in non-interest expenses. BlackRock saw disappointing fund inflows just before tariff chaos hit the markets. Texas Instruments reported a significant decline in production, marking its largest drop since 2020. The podcast dives into these financial currents, highlighting the tension between solid earnings and looming economic uncertainties.
AI Snips
Chapters
Transcript
Episode notes
JPMorgan Strong Yet Cautious
- JP Morgan beat earnings estimates driven by strong equities trading revenue of $3.81 billion versus expected $3.18 billion.
- CEO Jamie Dimon remains cautious, citing trade war risks and expects a likely recession despite strong results.
Wells Fargo's Mixed Earnings
- Wells Fargo missed net interest income estimates but beat in non-interest expenses with a 3.1% decline.
- The bank warned of a slowing economic environment and prepared for continued volatility and uncertainty in 2025.
BlackRock Fund Flows Disappoint
- BlackRock's first quarter fund inflows of $83 billion came in below expectations.
- The market reacted negatively with the stock down nearly 2%, amid the volatile environment caused by new tariffs.