Markets reacted positively to the December CPI report, which came in cooler than expected, fueling a surge in stock futures and a decline in bond yields. Several financial institutions, including JPMorgan Chase, Wells Fargo, BlackRock, Goldman Sachs, and Citigroup, reported better-than-expected fourth-quarter earnings, showcasing strong performance across various sectors. Meanwhile, analysts weighed in on a range of stocks, offering insights and recommendations on companies like SLB, Devon Energy, Lam Research, Eli Lilly, and Meta Platforms.
Stock futures climbed and bond yields retreated following the release of the December consumer price index, which came in slightly cooler than anticipated and aligned with consensus expectations. This positive development followed a benign wholesale inflation report released the previous day. JPMorgan Chase & Co. unveiled a better-than-expected fourth quarter, reporting revenues of $43.74 billion, exceeding the projected $41.73 billion. Earnings reached $4.
81 per share, surpassing the anticipated $4.11. While net interest income (NII) witnessed a 3% year-over-year decline, it still outperformed estimates. Fixed income revenue demonstrated strength, while equities performance fell short. The company's stock experienced a modest increase. Wells Fargo surprised investors with a stellar quarter, achieving revenue slightly below expectations but beating adjusted earnings per share estimates. Net interest income exceeded projections, and the bank's 2025 guidance impressed, projecting NII growth of 1% to 3% year-over-year, contrasting with market estimates of a slight decline. Non-interest expense outlook remained stable to slightly favorable. The stock surged by 4.5%. BlackRock Inc. delivered a robust quarter, with revenue soaring 22.6% year-over-year, surpassing estimates. Adjusted earnings per share reached $11.93, exceeding the anticipated $11.19. The asset manager reported net inflows exceeding market expectations, with assets under management reaching a formidable $11.6 trillion. The stock climbed by more than 5%. Goldman Sachs Group Inc. reported a phenomenal fourth quarter, generating $13.87 billion in revenue, exceeding the estimated $12.39 billion. Earnings reached $11.95 per share, significantly surpassing the projected $8.22. Global banking and markets revenue exceeded expectations, driven by strong performance in fixed income, currencies, and commodities (FICC) and equities trading. Investment banking slightly outperformed expectations, while advisory services fell short. Asset and wealth management revenue recorded an 8% year-over-year increase in the fourth quarter. The stock jumped by 3.7%. Citigroup Inc. announced a top and bottom line beat and declared a $20 billion buyback, propelling the stock upward by 5%. In the energy sector, SLB received a downgrade to an in-line hold rating at Evercore ISI, with the price target lowered from $62 to $44 per share. Analysts cited 'dual negatives' for oil field services stocks both domestically and internationally. Devon Energy received an upgrade to an outperform buy rating at Bernstein, fueled by a positive outlook for natural gas. Wolfe Research downgraded Lam Research based on a bearish outlook for NAND. Following a 6.5% pullback on Tuesday due to a fourth quarter preannouncement, several analysts rallied to defend Eli Lilly and Company. JPMorgan labeled it a buying opportunity, a sentiment echoed by others. The stock experienced a modest gain early Wednesday. Morgan Stanley projected that a TikTok ban could drive a 1% to 9% upside to 2026 earnings for Meta Platforms Inc. The firm stated that 'Every 10% of TikTok's US time META captures would likely add ~$0.30-$0.60 to our ~$30 '26 EPS ... depending on monetization level.'
FINANCE MARKET EARNINGS CPI STOCKS ANALYSTS INVESTING
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Soars on Speculation and Meme Stock BuzzThe stock market opened 2025 with a bang, driven by speculation and the resurgence of meme stocks. Roaring Kitty's cryptic tweets fueled excitement, while semiconductor stocks continued their upward trend. The market's surge mirrors the initial rallies following Donald Trump's election victory in 2024.
Read more »
Market Surges on Crypto and Meme Stock BuzzThe stock market opened 2025 with a bang, fueled by a surge in cryptocurrency and meme stocks. Roaring Kitty's cryptic posts on X further stoked the frenzy, while semiconductor stocks continued their strong performance.
Read more »
Nissan Shares Soar as Honda Merger Rumors Spark Market BuzzNissan shares surged by 22% while Honda Motor stock dipped following reports that the two Japanese automakers are exploring a potential merger. The Nikkei newspaper reported that Honda and Nissan are considering operating under a holding company and plan to sign a memorandum of understanding soon. The report also suggests the eventual inclusion of Mitsubishi Motors, in which Nissan holds a significant stake, under the holding company. While Nissan has confirmed discussions regarding future collaborations, it denied any concrete decisions regarding a merger. A combined entity would boast over 8 million vehicle sales annually, solidifying its position as a global automotive powerhouse.
Read more »
Ripple's RLUSD Sees Big Transfers Amidst Market BuzzRecently launched stablecoin RLUSD has seen significant transfers of nearly 20 million coins between anonymous wallets linked to Ripple Treasury. This activity coincides with a promotional campaign by Ripple and discussions about the token's potential by its executives, particularly CTO David Schwartz. The buzz surrounding RLUSD also fueled speculation about XRP's price surge, with users expressing their wishes for Christmas on X.
Read more »
XRP Recovers After Market Dip on Trump Dinner Buzz and ETF HopesXRP, the cryptocurrency associated with Ripple, has seen a slight recovery after a recent market dip, fueled by positive sentiment following CEO Brad Garlinghouse's dinner with incoming US President Donald Trump. Rumors of a potential XRP ETF listing on Wall Street have also contributed to the bullish outlook, with some experts predicting a potential breakout above a bullish pennant pattern. The recovery comes amidst expectations that the incoming Trump administration may signal a resolution to Ripple's legal battle with the Securities and Exchange Commission (SEC).
Read more »
Crypto Market Dips 5% Amid US CPI Anticipation, CeFi Tokens Show ResilienceThe cryptocurrency market took a hit on Monday, losing 5% of its value and wiping out $148 billion. Bitcoin fell below $90,600, while Litecoin plunged after a high-profile hack. CeFi tokens bucked the trend, showing relative strength, while AI-themed memecoins surged.
Read more »