Earnings Reports Overview - Upcoming earnings reports from major financial institutions including JPMorgan, Wells Fargo, Citigroup, and BlackRock are anticipated, with a focus on spending trends and loan losses [2] - Goldman Sachs and Morgan Stanley are expected to report strong quarters, driven by increased mergers and acquisitions activity [3] - Retail sales figures are set to be released, with concerns about a potential slowdown due to political instability affecting consumer behavior [4] Company-Specific Insights - JPMorgan is highlighted as a key player, while Wells Fargo is noted for no longer being under a punitive asset cap [2] - Citigroup's earnings report is predicted to be well-received, and BlackRock may present an exciting narrative [2] - Bank of America is recognized for consistently good earnings, with its stock considered undervalued due to Berkshire Hathaway's selling [3] - Abbott Laboratories is favored despite potential misinterpretations of its quarterly results, while PepsiCo is viewed as undervalued relative to its growth [4] - Netflix is expected to report strong results, although the expectations are high [4] - American Express is noted for selling off post-earnings even with good reports, while 3M is anticipated to have one of the best quarters in the industrial sector [5]

A dispute over the Federal Reserve’s renovation of its headquarters could provide the pretext to attempt the removal of Fed chief Jerome Powell over interest-rate disagreements https://t.co/23zWPW6Bba ...

When we consider the remarks the president made to NBC yesterday suggesting most of our trading partners could see a tariff rate of between 15 and 20% being implemented. Was that the president just riffing or should we expect that the baseline 10% rate currently in place is going to go higher. The baseline way to think about this is to look at the original levels of reciprocal tariffs and the letters that have just gone out where the president has lifted the tariffs from the 10% to a higher rate, roughly tr ...

BDA Capital Partners CEO Barbara Duran and Aerial Investments Vice Chairman Charlie Burbins join us now. Guys, happy Friday. Barb, how much do you factor in the president's saber rattling on tariffs here with the markets, big tech, Nvidia all hitting these record levels and perhaps the risk rising again that maybe this time uh he really is going to be uh serious about these higher tariff levels.Yeah. Well, John, the risk is always there, but I think the market is clearly telling us that they think it's a lo ...

Is the market's week-l long pause working to refresh the bowl for a further climb, or is the market undergoing a midsummer stall much as it did this time last year. Let's ask Avery Sheffield, co-founder and CIO of Vantage Rock Capital. Avery, good to have you here. Great to be here.What is your read on this. It's, you know, we've gone from three months ago this moment of kind of maximum uncertainty to now having a little bit of perceived clarity out there. Does the market have it right that we should feel f ...

Jerome, welcome. And let's start right into it. All the traders I deal with always seem to lately ask the same question.If you look at markets, whether you look at the S&P 500, the NASDAQ, the Dow, or 10-year yields from Liberation Day, the market certainly seems to be viewing future tariff uncertainty and negative aspects in a much different light than Fed officials and economists. And it seems like if you've kept up with the minutes, and I know you have, that the Fed's now split a bit. Is it safe to say t ...

Jerome Powell. I I think he's doing a terrible job. I think we should be No. Uh I think we should be three points lower interest rate.He's costing our country a lot of money. We should be number one. And uh we're not.And that's because of Jerome Powell in terms of interest. ...

.@SteveForbesCEO explains that Trump can take on the Federal Reserve in its intransigent refusal to cut rates: have the Treasury issue bonds in gold, which would provide a simple, everyday metric as to whether Washington is undermining the dollar's integrity. #WhatsAhead https://t.co/OIDkumzk74 ...

Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, plans to defer a July 15 interest payment on its 10% and 12% unrated tax-exempt bonds https://t.co/WVj9U7ZQZ4 ...

Core Viewpoint - Citigroup Inc. is expected to report increases in both revenue and earnings for the second quarter of 2025, driven by growth in net interest income and investment banking revenues [1][5]. Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter sales is $20.9 billion, reflecting a 4% year-over-year increase [2]. - The consensus estimate for earnings has been revised down to $1.62, indicating a 6.6% rise from the prior year's quarter [2]. - Citigroup's net interest income is estimated at $14.2 billion, suggesting a 4.9% year-over-year rise [5]. - The average interest-earning assets are projected to be $2.32 trillion, indicating a 2.9% increase from the previous year [6]. Revenue Drivers - Investment banking revenues are expected to increase in the mid-single-digit percentage range due to improved deal-making activities in the latter part of the quarter [8]. - Market revenues are projected to grow in the mid to high-single-digit range year-over-year, with a consensus estimate of $5.4 billion, a 5.5% increase [10]. - Income from principal transactions is estimated at $3.23 billion, suggesting a 13.3% increase from the prior year [11]. Expense Management - Citigroup is focused on reducing expenses through organizational simplification, but increased investments in business transformation and higher volume-related expenses may keep costs elevated [12]. Asset Quality Concerns - The company is expected to increase credit reserves due to anticipated higher interest rates and the impact of tariffs, with non-accrual loans estimated at $3.46 billion, a 53.9% increase from the previous year [13]. Stock Performance and Valuation - Citigroup shares gained 21.6% in the second quarter of 2025, outperforming the industry average of 20.2% [16]. - The stock is currently trading at 10.38X forward 12-month earnings, below the industry average of 14.75X, indicating a potentially attractive valuation [18]. Strategic Initiatives - The company is undergoing a major overhaul to streamline operations and improve profitability, including exiting consumer banking in nine countries and cutting 20,000 jobs, expected to save $2-$2.5 billion annually by 2026 [23][24].