10 things to watch Friday, July 12 Will the market rotation out of year-to-date tech winners and into the rest of the market continue?
JPMorgan reported a top and bottom line beat: Revenue of $50.99 exceeded estimates of $49.87 billion; adjusted earnings per share (EPS) of $4.26 beat by 7 cents.
No change to full-year 2024 expectation of $91 billion net interest income (NII) and $92 billion in adjusted expense.
Revenue of $20.69 billion beat estimates of $20.29 billion and EPS of $1.33 beat by 4 cents.
NII of about $13.5 billion beat estimates of $13.22 billion.
Persons:
Charlie Scharf's, Wells, Tesla, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Spencer Platt
Organizations:
Nasdaq, JPMorgan, Investment, Equity, Wells, Citigroup, UBS, Technologies, Citi, Wester Digital, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty
Locations:
Wells Fargo, New York City