Get started

Banks

Citigroup: Low Risk Puts TradeRight now the Puts for Citi expiring months out are very cheap and if we look slightly OTM we can see a put option expiring Mar 17th at the strike of $42.5 trading at under 40 cents. I could easily buy a bunch of these at a low risk and just see how it goes and that's what i will be doing. On the other end of things i will be hedging against my overall bearish stance by buying 5% of the amount of puts i buy in calls in the form of the Mar 17th strike of $50 calls selling for under $1.71 a piece.
NYSE:CShort
by RizeSenpai
Bank of America's profit faltered by 14% in 2022Another big bank that reported its earnings on the past Friday is Bank of America. The bank generated $27.5 billion in net profit and $95 billion in revenue for the full-year 2022. Its net income decreased by 14%, and revenue rose by 6.6%. The net interest income jumped by 22%, and the noninterest income dropped by 8%. The Consumer Banking segment added over 1 million checking accounts and reached a record of 3.5 million consumer investment accounts. At the same time, it experienced net inflows from clients worth $28 billion and a jump in digital sales by 22% versus 2021. The Global Banking division experienced a 38% increase in revenue and saw a growth in average loans and leases of 14%. BofA’s Global Wealth and Investment Management segment gained more than 119 000 accounts and saw $87 billion in client inflows for the entire year. More importantly, it is on a streak of 51 consecutive quarters of average loan and lease growth. The Global Markets division saw the highest revenue and sales since 2010. In addition to that, its average loans grew by 28% year over year. Illustration 1.01 Illustration 1.01 shows the daily chart of Bank of America stock, which declined more than 26% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income = $27.5 billion (vs. $32 billion in 2021; -14% YoY) Net interest income = $52.4 billion (vs. $42.9 billion in 2021; +22% YoY) Noninterest income = $42.5 billion (vs. $46.2 billion in 2021; -8% YoY) Revenue = $95 billion (vs. $89.1 billion in 2021; +6.6% YoY) Noninterest expenses = $61.4 billion (vs. $59.7 billion in 2021; +2.8% YoY) Provision for credit losses = $2.5 billion (vs. $-4.6 billion in 2021) 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q22 = $7.1 billion (vs. $7 billion in 4Q21; +1.4% YoY) Net revenue 4Q22 = $24.5 billion (vs. $22 billion in 4Q21; +11%. YoY) Net interest income 4Q22 = $14.7 billion (+48% YoY) Noninterest income 4Q22 = $9.8 billion (-8% YoY) Noninterest expenses 4Q22 = $15.5 billion ( +6% YoY) Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:BAC
by Tradersweekly
12
How did the U.S. biggest bank perform in 2022?During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning investors of a tough time ahead. For some sectors, inventories rose, and revenue streams showed a decline compared to the previous year's period. With the start of the new earning season, we will pay close attention to the new data, which may or may not confirm our thesis about the market diving deeper into a recession. Interestingly, the last Friday, multiple big banks on wall street announced their earnings statements. These names included JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo. Today, we will briefly examine the biggest U.S. bank - JP Morgan Chase & Co. This bank has $3.66 trillion in assets and has not posted a yearly loss for more than 15 years. Its earnings report is divided into five segments: Consumer & Community Banking, Corporate and Investment Bank, Commercial Banking, Asset and Wealth Management, and Corporate. The bank’s Consumer and Community Banking segment showed gradual growth in net income and net revenue quarter after quarter in 2022. Furthermore, it maintained relatively stable noninterest expenses throughout the year. However, despite that, it posted a 29% less net income in 2022 versus 2021. In 4Q22, the Corporate and Investment Bank experienced a drop of 27% YoY (year over year) in net income. Additionally, in that same period, this division saw a decline in revenue by 9% YoY, and an increase in non-interest expenses by 10%. As for the full-year 2022, the Corporate and Investment Bank brought in 29% less net income versus 2021. Meanwhile, the Commercial Bank brought $1.4 billion in net income for the company in 4Q22, showing an increase of 15% versus 4Q21. Furthermore, it also enjoyed a rise in revenue by 30% versus 4Q21. Despite that, these two segments underperformed when compared to 2021. For the full-year 2022, the net income of this division dropped 20% versus 2021. The Asset and Wealth segment showed steady growth in net income quarter after quarter in 2022. However, it also suffered a drop of 8% in net income for the entire year 2022 versus 2021. The Corporate segment posted a net loss in the first three quarters of 2022 and a net gain in 4Q22. But for 2022, it is the only sector that posted a loss while still showing significant improvement from the last year. For the full-year 2022, JP Morgan Chase & Co. gained $37.7 billion in net income, which is down 22% versus 2021. Its revenue increased by 5.6%, and non-interest expenses jumped by 6.8%. Meanwhile, the company’s stock declined by 16%. Illustration 1.01 Illustration 1.01 shows the daily chart of JP Morgan Chase stock. The stock declined more than 16% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income 2022 = $37.7 billion (vs. $48.3 billion in 2021; -22% YoY) Revenue 2022 = $132.3 billion (vs. $125.3 billion in 2021; +6.6% YoY) Noninterest expenses 2022 = $76.2 billion (vs. $71.3 billion in 2021; +6.8% YoY) Pre-Provision profit/loss 2022 = $56.1 billion (vs. $54 billion in 2021; +4% YoY) EPS = $3.57 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q = $11 billion (vs. $10.4 billion in 4Q21; +5.8% YoY) Net revenue 4Q = $35.6 billion (vs. $30.4 billion in 4Q21; +17%. YoY) Net interest income 4Q = $20.3 billion (+48% YoY) Noninterest income 4Q = $15.3 billion (-8% YoY) Noninterest expenses 4Q = $19.0 billion (+6% YoY)
NYSE:JPM
by Tradersweekly
9
My thoughts on Goldman Sachs going into the Earnings Weekly Timeframe After a challenging start to the year, the company's stock bottomed out at around 280$. This level was tested three times before the stock experienced a month-long rally. The bulls exhausted at around 350-360$ after which the price went on to make a higher low. There it formed a new demand zone and rallied again reaching 2-3 standard deviations and setting a new high. After that a retracement and consolidation, at around 340-350$, bouncing from the 20-period moving average and the 0.5 Fibb level. The RSI has remained above 50, forming three consecutive higher highs and higher lows. Suggesting that the upward movement is likely to continue. Daily Timeframe The price has consolidated and found a support zone. The 14-period RSI broke its trendline and is now moving upward. The MACD line crossing above the signal line also adds confirmation to this potential reversal. Overall, it looks like the market is primed for a strong trend in the coming days. Going forward… on the Daily Chart… Thanks for reading The Seeker! Subscribe for free to receive new posts and support my work. In early November, the price broke its previous structure and has since made higher highs and higher lows. The potential for a new high and a move above the 390$ level looks promising, with a solid risk-to-reward ratio.
NYSE:GSLong
by RickHardyPro
Banks gonna run? Why?Lets start with the establish trend, we have a lower high showing opportunity to continue to open up 2023. If you look closely you will see that we have a bullish hidden divergence. But does it have enough strength to blast through the Bullish line. If it does I can see it starting to fill those imbalance candles and attempt to make a higher high above 38.60. If the selling pressure pushes, I can see it hold my 31.48 bearish level. This slight reangle of the uptrend will make things interesting if the trend rides the line for over 10 days then break. 2023 opening could be a path to cheaper puts for the rest of the year. We will see.
NYSE:BACLong
by JDTheGreat
December 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 4.15% over the last 24 hours and fell to an intraday low of $16,528.49. The largest cryptocurrency turned down and broke below the 20-day EMA of $17,095 on Thursday, suggesting that the sentiment turned negative and the bears were selling the relief rallies. The 20-day EMA has started to turn down and the RSI has dipped below 43, indicating that bears are in command. If the price sustains below the 20-day EMA ($17,095), it could decline to $16,000. Today’s Cryptocurrency Headline Basel Committee to Enforce Standard on Banks’ Exposure to Crypto in 2025 The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on January 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets, and usually less than 1%. These particular assets are tokenized traditional assets including non-fungible tokens, stablecoins and unbacked crypto assets that don't meet classification conditions. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Game Of LiquidityHello traders -Today we will talk about liquidity and its role. What is liquidity? -We will try to explain you as simple as possible what liquidity is and what you should be looking for when you want to spot it. -There is a theory on the FX markets that the Big institutions (Smart money) are always trying to trap us and take our Stop losses. -Retail education as we all know is based on patterns (double top,double bottom, trendlines, supp res zones etc... -As new traders come fresh on the markets they can be easily manipulated and taken away from their money because they are 'easy pray for big boys. -If you want to understand liquidity as simple as possible - when there is a trend line, double top pattern, there are retail stop losses and there is liquidity to be taken. Example: 1) In this example, we see that the price is moving in a downtrend 2) Then the price slows down with momentum and starts to make a lot of liquidity. 3) We can see liquidity in the form of a trendline, double tops, etc. 4) A lot of retail traders lose their money here, while we patiently wait for our opportunity. 5) Our entry is at the strong supply zone, and the price reaches it when it picks up all SL of retail traders. 6) At the end, we see a liquidity sweep that mostly happens in one move, and here we open our position. -Remember: This is the cat and mouse game. In order for one person to win someone else needs to take the loss. So our question is Are you a cat or a mouse? -If this post helped you better understand the concept of liquidity, leave a like. If you have any questions, write below in the comments.
Education
by hybridtradingfx
1
SocGen (GLE.pa) bearish scenario:The technical figure Triangle can be found in the daily chart of the French company Société Générale S.A. (GLE.pa). Société Générale S.A., colloquially known in English as SocGen is a French-based multinational financial services company. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. The Triangle broke through the support line on 02/12/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 14 days towards 21.785 EUR. Your stop-loss order, according to experts, should be placed at 24.400 EUR if you decide to enter this position. Societe Generale SA agreed to merge large parts of its equities business with AllianceBernstein, intensifying the French bank’s bid to eclipse BNP Paribas SA in share trading. he Paris-based bank and AllianceBernstein will unite their cash equities trading and research units in a joint venture. SocGen will hold 51% and have the option in five years to buy the whole business, which will be run out of London under the Bernstein name. The venture signals ambitions to take on BNP Paribas’ strengthened equities offer after the rival French bank took full control of its trading unit Exane and added businesses from retreating rivals. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:GLEShort
by legacyFXofficial
Bank of America - Extending higher from the bullish flagBank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28) Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward. Our profit targets will be 44.30 and 48.82 Resistance: 38.60 / 40.37 / 43.75 Support: 37.15 / 36.20 / 32.63 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:BACLong
by VantageMarkets
US Bancorp (USB) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company US Bancorp (USB). U.S. Bancorp is an American bank holding company. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.The Channel Down broke through the resistance line on 30/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 60 days towards 50.00 USD Your stop-loss order, according to experts, should be placed at 38.39 USD if you decide to enter this position. Investors will be hoping for strength from U.S. Bancorp as it approaches its next earnings release. The company is expected to report EPS of $1.14, up 6.54% from the prior-year quarter. Investors might also notice recent changes to analyst estimates for U.S. Bancorp. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:USBLong
by legacyFXofficial
JP MORGAN Ahead of a Golden Cross. Strong bullish signal!JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom. The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden Cross on the 1D time-frame. This is technically very bullish and in fact the last time we saw this formation was on November 13 2020, almost 2 years ago! As with today, the price was again just below the 0.5 Fibonacci retracement level, just a few days before the Golden Cross formation and after it was completed, started one of the strongest rallies in recent times, making a new All Time High on January 12 2021, essentially just 2 months after. Now obviously that was the era of 'cheap money', when the Fed printed trillions of USD in a very short period of time to support the economy during the COVID lockdowns. We can't expect the stock to rally as fast and as aggressively but still, as long as the Golden Cross is formed and the 1D MA50 supports, we can target one Fibonacci level at a time. Notice how similar the 2020 COVID recovery is with the 2022 (today) one. The 1W MA200 is in a symmetrical place, the 1D RSI was pulling back on the same fractal and the 1W MACD rebounded on the same level. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
$LINK CHAINLINK Officially Found Bottom & Starting A Reversal Why LINK investors might be sitting on a goldmine thanks to proof of reserve It is often difficult to find winners in the crypto market during a major crash but Chainlink might be it. Even though its native currency LINK suffered significant downside so far this month, the Chainlink network continued to see wins as a potential solution. Chainlink can facilitate the proof of reserve which might be the ideal solution that may help solve some of the cracks unveiled during 2022’s market crash. Chainlink proof of reserve may help overcome systemic financial risks, as well as contagion risk. Chainlink as an oracle services provider stood in a position to help facilitate a large-scale adoption of proof of reserve. Additionally, looking at the current scenario of the market, it could be considered as more of a necessity than an option. The good thing is that it also offers an opportunity for the market to adapt and grow from recent challenges. The need for large-scale proof of reserve adoption further outlines an opportunity for Chainlink’s adoption. It underscores yet another reason why Chainlink’s offerings continue to add value and why the network has robust long-term potential. Healthy long-term adoption might contribute to more value for LINK. Chainlink did register healthy growth in the last 30 days. For example, its supply of LINK held in smart contracts grew substantially during the last four weeks. The same was observed for its velocity. Both the velocity and supply of LINK in smart contracts dropped significantly in the last five days. This reflected the impact of last week’s crash on Chainlink’s performance. But will we see a recovery this week? One of the best ways to assess demand was to look at the balances of top addresses. LINK’s supply of top addresses registered a sizable drop in the last five days. However, the good news was that the whales/top addresses are no longer selling. Regardless, we were yet to see a return of strong buy pressure. Chainlink’s transfer volume also took a bit of a hit in the last few days. Investors should thus, keep an eye out for the transfer volume to pivot as a confirmation that demand recovery. Chainlink is a potential game-changer that investors have a keen eye on. The project was launched as an avant-garde solution to streamline off-chain blockchain projects and transform them into on-chain platforms. There is no question that LINK has opened a new world of possibilities regarding the intricate world of web3 development. As the company provides curated and in-demand solutions, it’s no surprise that top-tier names such as Google Cloud, Polygon, and Aave have wholeheartedly embraced that project. Investors and analysts are confident that Chainlink is on remarkable growth trajectory steering into 2023. Expect New Alltime Highs Soon!
Long
by WALLSTVIDEOS
1
BNP Paribas (BNP.pa) bullish scenario:The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world. The Triangle broke through the resistance line on 04/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 37 days towards 52.65 EUR. Your stop-loss order, according to experts, should be placed at 41.53 EUR if you decide to enter this position. BNP Paribas SA joined European peers in getting a lift from rising interest rates, with higher income from lending and debt trading propelling earnings past analysts’ estimates.Net interest income at the Paris-based bank rose 9.6% from a year ago, and fixed-income trading jumped 25%, just ahead of the average for the biggest Wall Street firms. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:BNPLong
by legacyFXofficial