JPM Crushes Earnings Expectations
- BofA Q4 revenue $20.22BN, Exp. $20.89BN
- JPM Q4 EPS $1.71, EXP. $1.42 Revenue $23.4BN, Exp. $23.1BN
- JPMORGAN 4Q COMP EXPENSES $6.87B, EST. $7.20B
- Wells Fargo Q4 EPS $0.96, Exp. $1.00
- U.S. PPI and retail-sales data for December is due to be released at 8:30 a.m. ET, with analysts expecting a jump to 0.7 percent in the headline sales number, up from November's 0.1 percent increase.
- At 10:00 a.m. business inventories data for November and the latest University of Michigan Sentiment numbers will be published.
- Outside the U.S., DBRS's decision on Italy's sovereign rating, which is due to be published after market there close, will be closely watched as a cut in the rating would lead to increased refinancing costs for Italian banks at the ECB.
Stock futures are firm as Banks are Crushing EPs expectations right now. Gold is sideways to firmer right now
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