My Investing Muse

3 of the Big 4 banks (JP Morgan, Citibank & Wells Fargo) have released their earnings with BlackRock before the opening of 14 Apr 2023 market. Citibank Citibanks beats both revenue and EPS estimates. EPS 2.19 versus estimate 1.7 Revenue 21.4B versus estimate 20.05B JP Morgan JPMORGAN 1Q ADJ. EARNINGS PER SHARE $4.10, EST. $3.41 JPMORGAN 1Q REV. $38.34B, EST. $36.19B Wells Fargo & Co Earnings per share: $1.23 per share GAAP versus 90 cents a year ago and $1.13 expected. Revenue: $20.73 billion versus $20.08 billion expected. The bank’s shares were up more than 3% in premarket trading after the earnings report. Wells Fargo increased its net income by more than 30% to nearly $5 billion in the first quarter from a year ago. The bank's net interest income increased 45% on the back of soaring interest rates. BlackRock BlackRock 2023Q1 earnings are out: • Revenue met estimate at $4.24B • Adj EPS beat estimate at $7.93 • AUM exceeded estimate at $9.09T • Net inflows missed estimate...

JP Morgan called China investable as per the 15Mar2022 news article.  Here is an extract from the news article : Chinese tech stock rout deepened, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, on heightened concerns about an industry crackdown, Covid-19 outbreaks, and China's position on the Ukraine conflict. Losses spiralled after JPMorgan Chase downgraded 28 Chinese internet stocks including Alibaba, Tencent Holdings and Meituan to underweight, calling them "uninvestable" over the next six to 12 months due to rising geopolitical and macro risks, Bloomberg reported. $BABA released ownership updates as of 30 Mar 2022.  There seems to be much more institutional buying than selling as per the details below . Activity for 30Mar22 of holders (more than 0.5% change in shares outstanding) Some notable additions in Q1/2022: The Vanguard Group added 28.6M shares, totalling 469.9M shares as of 28Feb22 BlackRock Fund Adviso...