1) Fed minutes (Sep) – 11/10 – There were no surprises from last month’s Fed meeting at least as far as the decision to keep rates on hold was concern
1)Fed minutes – 11/10– There were no surprises from last month’s Fed meeting at least as far as the decision to keep rates on hold was concerned. The surprise came with the hawkish guidance when it came to the prospect of a November rate rise. The clear shift towards not only higher for longer, but possibly even more hikes has seen long term yields surge higher along with the US dollar.
revenue down 3% and equities down 2.5%. The bank also raised its guidance for net interest income to $87bn, as the gap between loans and deposit margins blew out even further. Put simply JPMorgan has more deposits than it knows what to do with, and remains the biggest winner from the March regional banking crisis.
revenue fell 13% to $3.53bn, while equities trading fell 10% to $1.1bn. Operating expenses were higher by 9% to $13.57bn, with credit losses rising to $1.5bn, a 77% rise on Q2 last year. This is the area which Fraser needs to take a scalpel to given that staff costs are significantly higher as a percentage of income than the likes of JPMorgan Chase. Q3 revenues are forecast to come in at $19.2bn and profits of $1.21c a share.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Weekly Forecast: Pound Sterling to retain bearish bias, eyeing US CPI, UK GDPThe Pound Sterling struggled to stay resilient against the United States Dollar (USD), knocking GBP/USD to the lowest level since March just below the
Read more »
Social Security and the Oct.12 CPI Release: What It Means for RecipientsOn Oct. 12, the U.S. Bureau of Labor will release the Consumer Price Index (CPI) data for the month of September. This announcement carries significant implications for millions of Social Security recipients, as it determines the annual cost-of-living adjustment.
Read more »
Bearish bets on Asian currencies firm on hawkish Fed rhetoric, rate woesBearish bets on Asian currencies firm on hawkish Fed rhetoric, rate woes
Read more »
How the Fed's rate hikes sent stock buybacks plummetingIt's yet another way the Fed's rate hikes are impacting financial markets.
Read more »
Higher Bond Yields Could Stave Off Another Interest Rate Hike, Fed Official SaysIf the current economic conditions remain on track, the Fed could potentially avoid lifting interest rates further, Mary Daly, the San Francisco Fed...
Read more »
Fed says credit to wind down failed banks drops again in latest weekFed says credit to wind down failed banks drops again in latest week
Read more »