Bank stocks: What is happening with JPM, WFC, BLK and C today?


Shares of banks are on the move on Friday as several big names appear in space-earning profit reports.

Source: Africa Studio /

Let’s delve into this news below to see what’s going on with bank stocks today!

Bank shares on the way: JPMorgan Chase (JPM)

JPMorgan Chase (NYSE:JPM) shares are not so hot today, as shares fell by 5.9% on Friday morning. This is in addition to the latest earnings report of the company. Behind the fall is a lower orientation among warnings against winds due to inflation.

Unfortunately, even worse ratings could not prevent JPM from slipping today. The company’s earnings per share of $ 3.33 beat Wall Street’s estimate of $ 3.03 per share. Revenue of $ 30.35 billion is also above the $ 29.9 billion estimated by analysts, they report. CNBC.

Stocks in motion: Wells Fargo (WFC)

Wells Fargo (NYSE:WFC) shares are up 1.5% in early morning trading today. This is the result of a company that exceeded estimates for the fourth quarter of 2021. This includes EPS of $ 1.38 billion with revenue of $ 20.86 billion. Both are better than Wall Street estimates of $ 1.12 per share and $ 18.78 billion.

Bank shares are on the way: BlackRock (BLK)

Blackrock (NYSE:BLK) shares fell 1.9% this morning. Like others, this one comes after earnings reporting this morning. The company reported adjusted EPS of $ 10.42 with revenue of $ 5.11 billion. These are mixed results in addition to analysts’ estimates of $ 10.15 per share and revenue of $ 5.17 billion.

Shares of banks in motion: Citigroup (C)

Citigroup (NYSE:C) shares are joining those falling, with shares falling 2.5% since this morning. Again, this happens after the publication of the latest earnings report. The company beat Wall Street ratings with EPS of $ 1.46 with revenue of $ 17 billion. Analysts were looking for $ 1.37 per share with revenue of $ 16.77 billion.

Nevertheless, investors noticed the year-on-year performance of the company in the quarter. This includes a 26 percent drop in net income over the same period last year, as well as earnings per share, which fell 24 percent over the same period.

Investors looking for hotter stock market news on Friday are in the right place!

InvestorPlace has all the latest news they need to know about! This includes the largest stock markets in front of the market this morning, as well as recent ones Nicholas (NASDAQ:TSLA) in Tesla (NASDAQ:TSLA) news. You can find out all about these topics at the following links!

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On the day of the publication of William White did not hold (directly or indirectly) any positions in the securities referred to in this Article. The opinions expressed in this article are those of the author and are the subject of Guidelines for publication.


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