JPMorgan Chase (NYSE: JPM) is currently the largest bank in the USA by total assets. Because of this status, JPMorgan is naturally able to feel the pulse of the country’s economy. The bank’s latest earnings conference call – for the fourth quarter of 2025 – was held earlier this week and contained useful insights on the state of American consumers and businesses. The bottom-line is this: the US economy remains resilient, but long-term risks remain.What’s shown between the two horizontal lines below are quot ...

环球市场动态 美 国 通 胀 表 现 不 温 不 火 股 票 A 股周二高开低走，结束连涨行情， 航天板块降温；港股震荡微升，医 药、贵金属表现较好；欧洲股市窄 幅震荡，能源股表现强势；美国通 胀较为温和未能推动股市上行，地 缘政治忧虑持续困扰和对鲍威尔的 调查持续困扰市场。 外 汇 / 商 品 特朗普的言论引发对伊朗供应的担 忧，周二国际油价涨超 2%；金价在 创下历史新高后回落，白银再创纪 录新高，铜价在历史高位附近震荡。 固 定 收 益 周二美国国债持续窄幅上落。美债 早上因 CPI 数据小幅上涨，但很快 回吐涨幅。午后 30 年期美债拍卖 获穏健需求。日本国债走弱。亚洲 债券市场表现坚挺，债券利差普遍 收窄。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 个 股 要 闻 Oklo (OKLO US; 97.09 美元; 目标价: 168 美元) Meta 与 Oklo 达成合作，在俄亥俄州为 AI 提供动 力。早前 Meta (META US) 宣布与 Oklo 等 3 家核电公司合作，在未来协助增加 6.6 吉瓦的发电量，以推动美国在 ...

JPMorgan reported earnings per share (EPS) of $4.63, missing the expected $4.85, with revenue also falling short at approximately $45.8 billion.The costs associated with the Apple Card deal were a significant factor in the earnings miss, impacting the stock's performance.Despite a moderate debt-to-equity ratio of 1.38 and a high current ratio of 9.89, concerns over cash flow generation and cost management persist.JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with operations in ...

Hong Kong's HSI traded at 27,037, up 188 points or 0.7%. Nikkei also inched higher, jumping 864 points or 1.6% to 54,413. Shenghai and Shenzhen also traded in green, up 1.11% or 1.83%. Meanwhile, in South Korea, Kospi was down 4 points, around 9 am IST. The regional performance followed a softer close on Wall Street overnight. US stocks retreated on Tuesday, with the S&P 500 pulling back from a record high. Losses were led by banking shares after JPMorgan Chase & Co. reported investment-banking fees that fe ...

Core Insights - The Q4 earnings season began positively with JPMorgan and Delta Air Lines reporting favorable results, although both stocks fell over 2% due to cautious economic outlooks [1][2] JPMorgan's Q4 Results - JPMorgan reported Q4 sales of $45.79 billion, a 7% increase from $42.76 billion in the previous year, surpassing expectations of $45.69 billion [4] - The bank's net income was $13 billion, with adjusted EPS of $5.23, exceeding Q4 earnings expectations of $4.87 per share by 7% and rising 9% from $4.81 a year ago [6] - A 17% increase in market revenue, driven by fixed income, currencies, commodities, and equities, was a key growth factor, while investment banking continued to struggle [4][6] - JPMorgan's full-year sales increased 3% to $185.6 billion, with full-year EPS rising 1% to $20.02 [10] Delta Air Lines' Q4 Results - Delta's Q4 sales rose 3% to $16 billion, exceeding estimates of $15.62 billion, despite a 2% revenue reduction due to the U.S. government shutdown [8] - The airline reported a net income of $1.22 billion, with adjusted EPS of $1.55, slightly above estimates of $1.53 but down from $1.85 in the previous year [9] - Delta's full-year sales reached a record $63.4 billion, with management highlighting strong free cash flow generation of $4.6 billion [11] Economic Insights - JPMorgan's CEO noted the resilience of the U.S. economy but warned of geopolitical tensions and potential inflation challenges [2] - Delta indicated a bifurcation in consumer spending, with high-income travelers maintaining strong spending while price-sensitive consumers show signs of fatigue [3] Future Guidance - JPMorgan expects FY26 net interest income to rise to $103 billion, with projected sales of $190.86 billion and EPS of $20.97 [10] - Delta anticipates FY26 EPS between $6.50 and $7.50, indicating over 20% growth, with Q1 EPS expected at $0.50-$0.90 [12] Valuation and Investment Considerations - Both JPMorgan and Delta are considered attractively valued, with JPM trading at 15X forward earnings and Delta at 9X [13] - Analysts may find it appealing to buy into these stocks post-earnings selloff, provided economic outlooks and EPS revisions remain stable [14]

当地时间1月13日，美国股市三大股指全线收跌，其中金融板块整体大跌，拖累美股市场整体表现。中概股亦普遍下跌，纳斯达克中国金龙指数跌 1.86%。 贵金属市场中，国际银价再创历史新高。 美股三大股指收跌 金融股大跌 当地时间1月13日，美国股市三大股指全线收跌，其中道琼斯工业指数跌0.8%，报49191.99点。标准普尔500指数跌0.19%，报6963.74点，纳斯达克指 数跌0.1%，报23709.87点。 航空股多数下跌，美国航空跌超4%，达美航空跌逾2%，西南航空跌超1%，美联航跌幅不足1%。 中概股普遍下跌 中概股普遍下跌，纳斯达克中国金龙指数跌1.86%。跌幅居前的中概股方面，脑再生跌超26%，文远知行跌逾10%，小马智行跌逾9%，老虎证券跌超 7%，高途集团、拼多多均跌超5%，迅雷、搜狐均跌近5%。涨幅居前的中概股方面，阿特斯太阳能(000591)涨逾8%，百济神州涨超5%，晶科能源、雾芯 科技均涨逾2%。 宏观消息面上，据央视新闻客户端报道，美国财政部表示，受支出创纪录及福利支付时间调整影响，美国政府2025年12月录得1450亿美元财政赤字， 同比增加67%，创下该月份历史新高。 | 日 周 ...

Helping to limit the day's decline, a report early in the day showed ‌that a reading ‌on U.S. inflation for December came in as expected, leaving intact market expectations for Shares of Visa fell 4.5%, Mastercard dropped 3.8% and the financial sector fell 1.8%, leading declines in the S&P 500. Shares of JPMorgan ended down 4.2%. The bank reported a better-than-expected quarterly profit but also a drop in investment banking fees. "Financials are getting hit by Trump's credit-card proposal," said Tim ‌Ghri ...

智通财经APP获悉，分析师指出，拟议的信用卡利率上限政策将对规模达700亿美元的信用卡债务证券 化市场(即将信用卡债务打包成债券的市场)构成沉重打击。但投资者普遍认为该政策实际落地的概率极 低，市场反应异常平淡。 多位市场参与者进一步证实，自上周五美国总统唐纳德·特朗普提出"一年期10%利率上限"的设想以来， 投资者对持有此类证券所要求的风险溢价几乎未发生任何变化，市场情绪与行为均呈现出"无动于衷"的 态势。 然而，一旦利率政策实施封顶限制，债券投资者将率先承压。摩根大通策略师艾米·泽(Amy Sze)与西达 尔特·特里帕蒂(Siddharth Tripathy)在周二发布的报告中明确指出，针对银行信用卡应收账款支持的债券 产品，10%的利率上限将使关键收益指标"超额利差"——这一通过提供额外现金流缓冲以吸收损失、降 低风险的重要指标——显著下滑至与2008年全球金融危机时期相当的水平。 Academy Securities交易员丹尼尔·谢弗(Daniel Schaeffer)指出，信用卡资产支持证券市场对利率上限政策 风险高度敏感。他进一步阐释："若实施利率上限，将直接阻断大量目前支付10%乃至30%-50 ...

转自：新华财经 •推动工业互联网平台高质量发展行动方案发布 "专业型+行业型+协作型"多层次平台体系持续壮大 •国家发展改革委：将出台新能源汽车动力电池综合利用管理办法 加大落后工艺装备限制和淘汰的力度 •美国2025年12月CPI同比上涨2.7%高于预期 市场预计美联储受政治干预将致通胀和利率走高 •商务部13日发布公告，决定自2026年1月14日起，对原产于美国和韩国的进口太阳能级多晶硅继续征收反倾销税，实施期限为5年。税率为美国公司53.3%－ 57%，韩国公司4.4%－113.8%。（新华财经） •工业和信息化部日前印发《推动工业互联网平台高质量发展行动方案（2026—2028年）》，提出到2028年，工业互联网平台高质量发展取得积极成效，"专 业型+行业型+协作型"多层次平台体系持续壮大，具有一定影响力的平台超450家；重点平台的数据增值、模型沉淀和人工智能开发应用能力显著提升，工 业设备连接数突破1.2亿台（套）。行动方案围绕平台培育培优行动、平台聚"数"提"智"行动、平台规模化应用行动、平台生态支撑行动等部署一系列举 措。（新华社） •国新办1月13日举行国务院政策例行吹风会，介绍《固体废物综合 ...

Core Insights - GoodRx is being presented by JPMorgan's health care services division, indicating a focus on the health care sector and its investment opportunities [1] Company Overview - GoodRx is represented by CEO Wendy Barnes and CFO Chris McGinnis, highlighting the leadership team involved in the company's strategic direction [1]