US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
JPMorgan and Goldman Sachs: reporting Q1'2021
2021-04-06 • Updated
JPM and Goldman Sachs report their earnings on April 14 for Q1’2021.
As the biggest US banks, JPMorgan and Goldman Sachs are regularly cited for the commentaries and financial evaluations their specialists give in regards to other companies. But what about these banks themselves, are their stocks a good buy?
Performance
JPM’s financial results for the fourth quarter of 2020 came out higher than expected. Observers had predicted an EPS of $2.72 rising 6% to the previous year, and JPMorgan brought an EPS of $3.79 which was considerably higher than the prognosis.
Goldman Sachs beat the expectations, too, but with a far more significant gap. While the EPS of Q4’2020 was forecast to be $7.00, the actual mark came out to be $12.08 – almost twice as high as the prognosis. However, similar to JPM, this stock did not make any gain on the day of the earnings release – in line with most of the market, it fell and erased most of January gains.
Eventually, both stocks gained value making new all-time highs as fundamentals are not presenting any impediment for these banks to keep expanding.
Remember you can trade both stocks in FBS Trader!
Expectations
In general, observers are projecting a 20% value growth for the JPM stock this year. That would mean the price target of around $180 by the last quarter of 2021 against the current area of $150-160. The consensus for the EPS of Q1’2021 is $2.81-2.85 – almost the same as the previously expected mark for the EPS of Q4’2020 that was confidently surpassed by the actual data.
The consensus for the EPS of Q1’2021 of Goldman Sachs is $8.75 – proportionately higher than that of JPM. Noting higher fluctuation of this stock, it may be moved much more in case of a prognosis-beating scenario than JPM. A price area of $360 may well be taken as an optimistic price range.
Similar
US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Coinbase and Marathon. Instruments of the Week (18-22 March)
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
