On Friday night JP Morgan, Citi and Wells Fargo all reported.
Wells Fargo’s profit dropped for a fourth straight quarter. JP Morgan and Citi beat low expectations, as strength in bond trading volumes picked up in the third quarter.
You're not a member! Trial today
Citi Group outperformed expectations for third-quarter net profit after trading revenue surged 35 percent. Net income exceeded market expectations, (although fell 11%), coming in at $1.24 per share.
Citi Group (C.NYS)
Well Fargo (WFC.NYS)
JP Morgan (JPM.NYS)
Investors will focus this week on the upcoming earnings results for Goldman Sachs and Morgan Stanley.
Dow Jones
In this month’s market strategy recording, we looked at the key levels in the S&P500 and the Dow Jones, with a focus on old resistance becoming new support. S&p500 earnings need to deliver on average, $30 – $32 per share to meet market expectations.
If you missed the recording this month, please sign up at www.investorsignals.com
