Daily Digest
Daily Digest
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Everything Pomegra has published on JPM: 30 news articles and 5 market briefs, newest first.
Wells Fargo (WFC) missed revenue forecasts by about $440M as trading and interest income came in light.
Oct 13
Citigroup (C) earned $2.85 a share on $23.8B revenue as bond trading grew 4%, but profit fell from Q2.
Oct 13
Goldman Sachs (GS) earned $17.01 a share on $18.7B revenue; JPMorgan (JPM) missed but lifted its outlook.
Oct 13
JPMorgan (JPM), Goldman, Citi and Wells Fargo report Tuesday; September CPI lands Wednesday, up from 3.4%.
Oct 11
Solana (SOL) trades near $121 as JPMorgan-informed DvP lets banks settle tokenized assets in seconds.
Oct 6
The crude oil price dropped about 5% on Monday as Brent slid to roughly $93 a barrel, its lowest since late August, after Trump said new strikes on Iran are unlikely.
DraftKings fell after UBS cut it to Neutral and slashed its price target to $22 from $48, citing uncertain prediction-market regulation and guidance cuts.
KKR (KKR) posted record third-quarter earnings on Monday, beating estimates and lifting shares as investors tested private credit against record AI borrower spreads.
Iran's IRGC says two tankers and a tugboat burned in the Strait of Hormuz, as Brent rose 2.6% to $97.09 and Trump denies immediate plans for new Iran strikes.
Bitcoin rose about 2% to roughly $84,600 after JPMorgan Asset Management projected a 10% annual return, ahead of U.S. stocks and gold over the next decade.
Intel shares rose about 2.4% to near $92 after JPMorgan upgraded the chipmaker to Neutral, as Mizuho and BNP Paribas lifted price targets on AI server demand.
Anthropic plans to commit 5% of its shares, about $48 billion, to a public benefit fund for workers displaced by AI, ahead of a Nasdaq IPO as soon as November.
JPMorgan upgraded Intel (INTC) to Neutral from Underweight with an $85 price target, citing the CEO's turnaround and better chip yields; shares rose 4% premarket.
MSTR fell 3% to 4% after MSCI finalized rules that could remove Strategy and other bitcoin-treasury firms from its indexes, with $2.8B in outflows at stake.
Bank of America (BAC) shares fell nearly 5% after a $1.2 billion FinCEN penalty and a Q3 2026 earnings miss, as EPS dropped to 91 cents from an expected $1.10.
IonQ shares fell about 6% after it priced a $2 billion equity offering with warrants, pulling D-Wave and Rigetti down about 4% as dilution fears spread.
Wells Fargo (WFC) shares slipped after Q3 2026 revenue of $21.87 billion missed the $22.3 billion forecast, even as EPS rose 13% to $1.87 on loan growth.
Apple stock reached a record high near $347 and a $5 trillion market cap after the $299 HomeView launch, a HomePod mini refresh and a JPMorgan target hike.
JPMorgan CEO Jamie Dimon says interest rates could rise further than markets expect as sticky inflation and the Iran war keep pressure on borrowing costs.
Citigroup (C) earned $2.85 a share in Q3 2026 on $23.8 billion of revenue, its best third quarter in a decade, as bond trading and wealth fees drove the beat.
US earnings season opens with JPMorgan, Wells Fargo and UnitedHealth, with profit growth near 30% expected and a 7% options-implied move in UNH stock.
Biogen (BIIB) stock hit a 52-week high after JPMorgan upgraded it to Overweight with a $300 target, citing a run of late-stage trial readouts through 2027.
UnitedHealth (UNH) reports Q3 2026 earnings on Oct. 13, with Medicare Advantage margins in focus after Humana's 11.6% surge on 2027 Medicare star ratings.
The S&P 500 closed at a record 7,818.93 and the Nasdaq at 27,599.79 as falling yields and oil lifted tech ahead of next week's third-quarter bank earnings.
Crude oil price fell below $89 a barrel for a third straight session as Middle East exports neared 98% of pre-war levels, pulling Treasury yields off 2002 highs.
Morgan Stanley upgraded Wells Fargo (WFC) to Overweight with a $102 target and top-pick status, saying the bank is rebuilding its growth engine in 2026.
Anthropic has filed confidentially for a US IPO after a $65 billion round at a $965 billion valuation, with a November listing and three banks leading.
The 30-year Treasury yield topped 5.6% for a sixth straight gain, a 2002 high, pushing the Dow, S&P 500 and Nasdaq to a second losing session on Tuesday.
Nvidia's board authorized a record $150 billion addition to its share repurchase program and unveiled an open AI agent containment platform on Monday, sending NVDA shares up roughly 2% to around $229.
Treasury Secretary Bessent and Chinese Vice Premier He Lifeng launched full-day talks at JP Morgan's New York offices covering AI guardrails, rare earths, and the November 10 tariff truce…
Anthropic targets a $2 trillion Nasdaq debut in October, seeking $100 billion in proceeds as Nvidia finalizes a $10 billion anchor stake in the largest IPO in history.
Anthropic targets a $2 trillion October 2026 Nasdaq debut, raising over $100 billion, even as CEO Dario Amodei's AI slowdown calls rattle the tech sector it is listing into.
SoftBank dropped 13% in Tokyo as OpenAI's shelved 2026 IPO and AI safety alarm hit its $100 billion financing stack, spreading contagion to Asian chip stocks from Seoul to Taipei.
Sam Altman shelved OpenAI's public listing citing AI safety, while rival Anthropic targets an October Nasdaq debut at a record $2 trillion valuation led by Goldman Sachs and JPMorgan.
Anthropic's S-1 is expected this week ahead of a $2 trillion October Nasdaq IPO that would surpass SpaceX's June offering as the largest in US history.
Pomegra