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Zacks Earnings Trends Highlights: JPMorgan and Goldman Sachs
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For Immediate Release
Chicago, IL – January 20, 2022 – Zacks Director of Research Sheraz Mian says, “We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, as near-term logistical issues get addressed."
Wall Street Banks Provide Mixed Start to Q4 Earnings Season
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
It is still relatively early in the 2021 Q4 reporting cycle, with the big banks skewing the aggregate numbers. Results are mostly in-line with expectations, with no major surprises in the growth rates, beats percentages and management guidance that we have seen thus far.
With respect to the banks, higher-than-expected costs at JPMorgan (JPM - Free Report) and Goldman Sachs (GS - Free Report) haven’t turned out to be an industry-wide trend, as shown by results at Bank of America, Morgan Stanley and others.
The recent uptrend in Treasury yields will have a beneficial impact on the group’s results in the long run, but most banks did report favorable trends in loan demand and continued strength in the capital markets business, though below the preceding quarter’s record pace. All in all, a mixed start to the reporting cycle for the Finance sector.
Looking at Q4 as a whole, total earnings for the quarter are expected to be up +21.5% from the same period last year on +12.0% higher revenues.
The growth pace decelerates significantly in the following periods.
We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, as the near-term logistical issues get addressed.
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Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Earnings Trends Highlights: JPMorgan and Goldman Sachs
For Immediate Release
Chicago, IL – January 20, 2022 – Zacks Director of Research Sheraz Mian says, “We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, as near-term logistical issues get addressed."
Wall Street Banks Provide Mixed Start to Q4 Earnings Season
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
It is still relatively early in the 2021 Q4 reporting cycle, with the big banks skewing the aggregate numbers. Results are mostly in-line with expectations, with no major surprises in the growth rates, beats percentages and management guidance that we have seen thus far.
With respect to the banks, higher-than-expected costs at JPMorgan (JPM - Free Report) and Goldman Sachs (GS - Free Report) haven’t turned out to be an industry-wide trend, as shown by results at Bank of America, Morgan Stanley and others.
The recent uptrend in Treasury yields will have a beneficial impact on the group’s results in the long run, but most banks did report favorable trends in loan demand and continued strength in the capital markets business, though below the preceding quarter’s record pace. All in all, a mixed start to the reporting cycle for the Finance sector.
Looking at Q4 as a whole, total earnings for the quarter are expected to be up +21.5% from the same period last year on +12.0% higher revenues.
The growth pace decelerates significantly in the following periods.
We remain positive in our earnings outlook, as we see the overall growth picture steadily improving, as the near-term logistical issues get addressed.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.