Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Big Banks
Citigroup Inc, JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co start things off Tuesday morning for the big banks and other financials. Analysts predict JP Morgan will post its earnings per share (EPS) of $1.38, compared to a net loss a year ago. Revenue of $24 billion would be hardly higher than last year. As referenced above, Citigroup and Wells Fargo are expected say EPS were up more than 10 percent to $1.12 and about 3 percent to $1.02, respectively. Revenue growth of at least 3 percent is predicted for both as well.Analysts are looking for EPS of $3.20 on revenue of $7.78 billion when Goldman Sachs Group Inc reports Thursday morning. That would be up from last year's reported $2.88 per share and $6.72 billion. Expectations for Morgan Stanley Inc's (NYSE: MS) report on Friday morning are more modest: earnings of $0.54 (up more than 7 percent) and $8.16 billion in revenue (essentially flat).When Bank of America shares its latest results before the opening bell Wednesday, it will post a net loss of $0.09 per share on revenue of $21.35 billion, if analysts are correct. That would compare to a reported profit of $0.20 per share and $21.53 billion in revenue in the year-ago period.Others forecast to show earnings growth this week include American Express, Bank of New York Mellon, BB&T, Capital One Financial and Northern Trust. Earnings declines are expected from Keycorp, Fifth Third Bancorp and PNC Financial Services.Want Private Access to Benzinga Analyst?
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Technology
And Others
The forecast for General Electric Company (NYSE: GE) calls for EPS of $0.38 and $36.81 billion in revenue when it shares its results first thing Friday. That would be up from $0.36 and $35.72 billion in the year-ago quarter.Analysts, on average, believe Johnson & Johnson (NYSE: JNJ) will say Tuesday morning that its per-share earnings rose less than 6 percent to $1.44 and revenue totaled $18.38 billion, or up more than 6 percent from a year ago.Other anticipated earnings gainers for the week include Baker Hughes, CSX, Honeywell International, Kinder Morgan, Las Vegas Sands, Netflix and St. Jude Medical. On the other hand, EPS at UnitedHealth Group are expected to be the same as a year ago, and earnings declines are forecast for Mattel, Philip Morris International and SUPERVALU.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.