(News Bulletin 247) – A rather stable opening is looming on the New York Stock Exchange, given the futures on the S&P500 (+0.1%) and the Nasdaq-100 (unchanged), after a first burst of quarterly publications in the financial sector.
JPMorgan Chase reported EPS up 16% to $4.75 for the second quarter of 2023, as higher credit loss provisions were offset by an 8% increase in revenue amid higher rates.
On this occasion, its CEO Jamie Dimon indicated that the American economy was “resilient” even if consumer spending slowed down. ‘The labor market has weakened somewhat, but job growth remains strong,’ he said.
Operators will also be able to react to the publications today from the banks Citigroup and Wells Fargo, as well as those from the asset management giant BlackRock and the health insurance company UnitedHealth.
Still in the news of values, UBS raised its recommendation on Microsoft from ‘neutral’ to ‘buy’ with a price target raised from 345 to 400 dollars, representing a potential increase of 17% for the title of the IT giant.
In terms of statistics, confirming the disinflation trend in the United States, import prices fell by 6.1% in raw data (-1.4% excluding oil products), at an annual rate in the month of June.
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