US Big Banks Report This Week
🌟🌟🌟The ultimate financial reality show returns on Tuesday October 13 as $JPMorgan Chase(JPM.US)$Goldman Sachs(GS.US)$Citigroup(C.US)and $Wells Fargo(WFC.US)report their latest Q3 26 earnings. This is followed by $Bank of America(BAC.US)and $Morgan Stanley(MS.US)on Wednesday October 14.
Wall Street will be keeping a close watch on Net Interest Income trajectories and credit loss provisions to evaluate how sustained high interest rates are impacting consumer credit and overall bank profitability.
My Top Pick would be $JPMorgan Chase(JPM.US)as Jamie Dimon's fortress remains the gold standard. JP Morgan is the King of retail banking, asset management and trading.
Why Buy JPMorgan?
It is arguably the most resilient business model in the world. When the economy is great, it wins. When regional banks panic, JPMorgan steps in, swallows them up and wins anyway. It is a " sleep well at night" compounding machine.
Dear Friends, which bank stock do you favour most? Please share your thoughts. Thanks.
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