⚠️ JPMorgan Chase on Tuesday topped analysts’ estimates on better-than-expected revenue from fixed income trading and investment banking.
▶️ The bank said that second-quarter earnings fell 17% to $14.9 billion, or $5.24 a share, from the year-earlier period, when it had a $7.9 billion gain on Visa shares. But even when backing out a $774 million income tax benefit that boosted per share earnings by 28 cents, JPMorgan topped estimates for the quarter. 🔴 $JPM JPMorganChase Q2 FY25. • Net revenue -11% Y/Y to $44.9B ($1.7B beat). • Net Income -17% Y/Y to $15.0B. • EPS: $4.96 ($0.48 beat). • FY25 NII ~$95.5B ($1.0B raise). Source: App Economy Insights, CNBC
BofA forgot to include bitcoin in their "best performing asset of the decade" table.
Bitcoin $BTC is up almost 1600% this decade 📈📈
Q2 earnings season is starting this week with the banks as usual!
Source: Earnings Whispers
German long-term bond yields keep rising.
The yield on 30y Bunds has reached 3.23% — nearing its highest level in 14 years. Source: HolgerZ, Bloomberg
*BITCOIN HITS $118,000 - NEW ALL TIME HIGH VERSUS DOLLAR Understand what is really happening here.
Source: Spencer Hakimian @SpencerHakimian
Nvidia is now worth the same as Google and Meta combined.
Source: Carbon Finance @carbonfinancex
A staggering $7.4 Trillion is now sitting in Money Market Funds, a new all-time high 🚨🚨
Source: Barchart
Nvidia's market capitalization exceeds Germany's by nearly $1 trillion.
The size and success of this giant, and the other US tech behemoths, underscores how much the AI trade can overwhelm the market's response to week-to-week fluctuations in economic data and policy headlines - Lisa Abramowicz @lisaabramowicz1 on X, Bloomberg
