请参看: (谈股论金) 449次阅读
观看【雅歌】的博客UPDATE: Bank earnings are expected to shine, but their stocks may not
2:27 pm ET July 12, 2018 (MarketWatch)
Share
Print
By Ciara Linnane, MarketWatch
JPMorgan, Citigroup and Wells Fargo will kick off the second-quarter earnings season on Friday
The second-quarter earnings season will kick off in earnest on Friday, when three of the nation's biggest banks report, and analysts are expecting somewhat of a repeat of the first quarter, when the sector chalked up record gains. (http://www.marketwatch.com/story/after-tax-cuts-more-banks-are-profitable-now-than-in-the-past-two-decades-2018-05-22)
Against the current backdrop of a flattening yield curve, however, it's not clear that strong results will succeed in reviving stock prices that have underperformed the broader market since February, as the initial euphoria around the tax revamp, expected deregulation and the strong economy dimmed.
"Many bull thesis drivers were baked-in and the flatter curve and tariff concerns have led to a de-rating," said Jefferies analyst Ken Usdin. "Rising rates will continue to help, but deposit costs are rising faster and loan growth needs to step up."
Yields on the short end of the curve have been steadily climbing as the Federal Reserve telegraphs its planned interest rate hikes, while yields on the long end of the curve are flat or falling, raising the specter of an inverted yield curve, typically a harbinger of recession. But even without a recession, there are concerns that banks will be unable to benefit from rising interest rates if long-term rates remain subdued. That's because net interest margins, or the difference between what they pay depositors and what they charge for loans, will remain compressed.
The yields on two-year and 10-year Treasury notes rose during the second quarter, but the spread between those yields narrowed to 33 basis points as of June 29 from 47 basis points as of March 29.
完整帖子:
- 7/12/2018 聊天室。可以任意发表评论,建议OK - 提交和聊天。也可以在这里提出关于股票的问题,为了方便大家容易集焦在当天股市的交易,其中重要的股票操作建议,会转到上面置顶区里 - 胖胖, 2018-07-12
- 需要金币的可以来抢前三名,没有获得前三名的如果仍想得到金币就请讲一段股市中的故事,经验,教训,笑话均可,请标明求金币,之后就可以得到鼓励金币,回帖越多,鼓励金币越多,大家都行动起来吧,愿客栈越来越热闹,欢乐 - 胖胖, 2018-07-12
- +1 - yufeixiao, 2018-07-12
- +1! - Engine, 2018-07-12
- +3 - 股海人鱼, 2018-07-12
- +4 - 青山88, 2018-07-12
- +5 - Littlefish, 2018-07-12
- +几不知道了,心情忐忑,空仓有点重 - wzhao126, 2018-07-12
- + re - 糊糊, 2018-07-12
- 是因为昨天看到加码空仓的大红字提醒吧 - jinjin, 2018-07-12
- +6 - laochao, 2018-07-12
- +几不知道了,心情忐忑,空仓有点重 - wzhao126, 2018-07-12
- +5 - Littlefish, 2018-07-12
- +4 - 青山88, 2018-07-12
- +3 - 股海人鱼, 2018-07-12
- +1 - Mmjj, 2018-07-12
- +2 这样算吗? - 兵妹, 2018-07-12
- 10 - 天狼星, 2018-07-12
- +3 - Mmjj, 2018-07-12
- +8 - kajw911, 2018-07-12
- +9 - sinicman, 2018-07-12
- +10 - jc23, 2018-07-12
- +11 - Azi, 2018-07-12
- +12 - lili, 2018-07-12
- +13 - baren, 2018-07-12
- +14 - binxin, 2018-07-12
- +15 - 愿来如彼, 2018-07-12
- +15 - Don, 2018-07-12
- +16 - 自然风光, 2018-07-12
- +17 - BlessedLee, 2018-07-12
- +17 - 升腾, 2018-07-12
- +18 - presenter, 2018-07-12
- +19 - smart, 2018-07-12
- +20 - AustinW, 2018-07-12
- +21 - xtool, 2018-07-12
- #22 - 追风者, 2018-07-12
- 22 - smartdonkey, 2018-07-12
- +23 - HJF-slzw, 2018-07-12
- +24 - 心灵净土, 2018-07-12
- +23 - HJF-slzw, 2018-07-12
- 2 - shanchunguo, 2018-07-12
- +21 - xtool, 2018-07-12
- +20 - AustinW, 2018-07-12
- +19 - smart, 2018-07-12
- +18 - presenter, 2018-07-12
- +16 - 自然风光, 2018-07-12
- +14 - binxin, 2018-07-12
- +13 - baren, 2018-07-12
- +12 - lili, 2018-07-12
- +11 - 慢三步, 2018-07-12
- 一转眼,就20多个以后了。 - 慢三步, 2018-07-12
- 自从野猪捣乱之后,接龙就乱了,我就按时间顺序发了,其余朋友干脆给大家讲个故事,说不定又挖掘出一个野猪第二 - 胖胖, 2018-07-12
- +11 - Azi, 2018-07-12
- +10 - jc23, 2018-07-12
- +9 - sinicman, 2018-07-12
- +8 - kajw911, 2018-07-12
- 老师可否预测一下,今天报告后气是跌还是涨?多谢! - algo, 2018-07-12
- 7/11: 更新 (无变化) - caap2008, 2018-07-12
- 谢谢 - babyfatface, 2018-07-12
- DAL Q2的财报营收和盈利比市场预期的好,但股价先涨后跌,这是航空股未来公布季报的预先指标。 航空股应该还会再跌一些! - 雅歌, 2018-07-12
- 谢谢老师 - smart, 2018-07-12
- 雅歌老师能不能分析一下CHAU and BAC, 非常感谢!!! - 飘洋过海, 2018-07-12
- 银行股情况不妙,贸易战已经影响美国企业的投资,所以有机会还是先卖了。BAC 29-29.5元最好全卖了。 - 雅歌, 2018-07-12
- 请参看: - 雅歌, 2018-07-12
- CHAU最佳最好不要买,若有套牢的,可以趁今天大涨时,停损卖出。中国股市的反弹是暂时的,每次反弹后会跌得更低! 所以可以买做空的ETF, 如CHAD,YANG, FXP等。 - 雅歌, 2018-07-12
- 银行股情况不妙,贸易战已经影响美国企业的投资,所以有机会还是先卖了。BAC 29-29.5元最好全卖了。 - 雅歌, 2018-07-12
- 需要金币的可以来抢前三名,没有获得前三名的如果仍想得到金币就请讲一段股市中的故事,经验,教训,笑话均可,请标明求金币,之后就可以得到鼓励金币,回帖越多,鼓励金币越多,大家都行动起来吧,愿客栈越来越热闹,欢乐 - 胖胖, 2018-07-12