16 April Watchlist 👀
Today we are watching…
1. BlackRock (#blckrck)
US investment manager, BlackRock, is looking good ahead of its earnings announcement today. Analysts have been revising their estimates upwards in the lead up to today, despite the stock slightly under-performing the industry average. The company has remained a dominant player in the exchange traded funds (ETF) space, which looks poised to grow going forward as investors move towards lower management costs. However, advisory, administration and performance fees are likely to decline which may cause a drag on the company’s performance. The consensus EPS estimate is $6.13 (-8.15%) on revenue of $3.3bn (-7.8%).
2. Bank of America (#bankamer)
BAML is set to post its earnings today and much like its predecessors, Citi and Goldman, is looking weak on the investment banking front which may put a dampener on revenue. Higher interest rates and the government shutdown have thrown a spanner in the works for the big banks’ underwriting and debt issuance services. Nevertheless, decent loan growth could allow BAML to hold its head above water for this report. We’ll have to wait and see. The consensus EPS estimate is $0.66 (+6.5%) on revenue of $23.24bn (+0.6%)
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.