Author Archive: Jeremy Parkinson
BofA Beats Despite 14% Slump In FICC Revenue; Interest Income Unexpectedly Declines
Echoing the trend set by JPM and Wells Fargo last Friday, moments ago Bank of America (BAC) reported revenue and earnings that modestly beat expectations, with Q2 revenue of $22.8bn, above the $21.8bn expected, generating net income of $5.3 billion up 10% Y/Y, and EPS of $0.46, above the $0.43 estimate, and 12% higher than […]
E Winnie And Vanity
Over the weekend I had planned today to comment on the Chinese ban on mention of Winnie the Pooh, and on Weibo. This is because of an unflattering cartoon four years ago which compared the pudgy Chinese leader Xi Jinping with tall, slim Barrack Obama calling them Winnie and Tigger. Then in 2014 a cartoon […]
UnitedHealth Q2 Earnings Beats, Revenues In Line
Have you been eager to see how UnitedHealth Group Inc. (UNH – Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this leading health insurance company’s earnings release this morning. An Earnings Beat UnitedHealth came out with adjusted earnings per share of $2.46, beating the Zacks Consensus Estimate of […]
Fundamentally Speaking: Earnings At Risk
As we get into the midst of the Q2 earnings season, we can take a closer look at the results through the 1st quarter of the year. Despite the exuberance from the media over the “number of companies that beat estimates” during the most recent reported period, 12-month operating earnings per share rose from $106.26 per share in Q4 […]
EUR/USD: Price Up After Obamacare News
Previous: The US dollar index fell by 0.12% to 95.15 on Monday. Correspondingly, the euro/dollar rate rose by 0.11% to 1.1478 (+13 pips). The euro closed up against the dollar thanks to growth on the euro/pound cross, which rose by 0.49% to 0.8793. On the back of that, the pound/dollar fell by 0.37% to 1.3053. […]
Pound Tumbles From 10-Month High On Weak CPI Print: ‘The BoE Was Barking Up Wrong Tree’ Anyway
Rounding out an overnight session that saw a couple of notable FX moves is the pound, which dropped from a 10-month high after hotly anticipated UK CPI data came in, well, not hot. June inflation fell to 2.6% y/y, missing estimates of 2.9%. The print was near the low end of the estimate range. U.K. June Core […]
Dollar Tumbles, Euro Soars After Obamacare Repeal Dies; China Intervenes To Halt Rout
Bulletin headline summary from RanSquawk The USD-index dropped to 10 month lows amid fading hopes of US reforms after Obamacare repeal effectively died last night. Soft CPI from the UK and NZ weigh on both currencies Looking ahead, highlights include BoE’s Carney and the API Crude report The Dollar Index sank to its lowest level since […]
Sensex Finishes Deep In The Red; ITC Falls 12.6%
Indian share markets continued to witness selling pressure in the afternoon session amid weak international markets. At the closing bell, the BSE Sensex stood lower by 364 points, while the NSE Nifty finished down by 89 points. Meanwhile, both the S&P BSE Mid Cap & S&P BSE Small Cap indices finished down by 0.6%. Losses were largely seen in FMCG stocks, realty stocks, and oil & gas […]
EUR/USD Above 1.15 On Trumpcare Failure – Levels
EUR/USD is on the move. After hesitating and making baby steps above the former resistance line of 1.1445, the pair finally takes a bigger step. Euro/dollar is well above 1.15 and has set a high at 1.1538. The main driver of the pair is Trumpcare. The failure of Senate Republicans to pass a bill to […]
