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JPMorgan Chase

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

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Los futuros suben antes del IPC de diciembre, clave para la inflación y las tasas de interés. Analistas y datos económicos en foco.

Futuros de EE.UU. suben mientras el IPC de diciembre genera expectativas en los mercados

Earnings

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: JPM, C, APLD, WFC y GS.

5 acciones en el foco este miércoles: JPM, C, APLD, WFC y GS

BBVA

REPYY

Datos de inflación en EE.UU. y resultados bancarios claves marcan el ritmo de los mercados europeos. ¿Qué esperar hoy?

Futuros del Ibex 35 en positivo: Cómo influyen la inflación y los resultados bancarios de EE.UU.

JPMorgan Chase & Co

JPMorgan USD Emerging Markets Sovereign Bond ETF

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Tidal Trust II YieldMax JPM Option Income Strategy ETF

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co. 4.75% Non-Cumulative Preferred Stock, Series GG

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$255.00</td>
<td>$27.3K</td>
<td>5.5K</td>
<td>13.7K</td>
</tr>
<tr>
<td>CTLP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$64.6K</td>
<td>1.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/17/27</td>
<td>$77.50</td>
<td>$240.8K</td>
<td>273</td>
<td>261</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$690.00</td>
<td>$26.1K</td>
<td>119</td>
<td>164</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$70.00</td>
<td>$194.8K</td>
<td>393</td>
<td>113</td>
</tr>
<tr>
<td>AGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$90.00</td>
<td>$30.8K</td>
<td>198</td>
<td>77</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 390 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $70.0 per contract. There were 5528 open contracts at this strike prior to today, and today 13744 contract(s) were bought and sold. 
• For CTLP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 1115 contract(s) at a $7.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $58.0 per contract. There were 1257 open contracts at this strike prior to today, and today 1157 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option trade with bullish sentiment. It expires in 881 day(s) on June 17, 2027. Parties traded 160 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $240.8K, with a price of $1505.0 per contract. There were 273 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 728 day(s) on January 15, 2027. This event was a transfer of 5 contract(s) at a $690.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $5225.0 per contract. There were 119 open contracts at this strike prior to today, and today 164 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a put option sweep with bearish sentiment. It expires in 119 day(s) on May 16, 2025. Parties traded 112 contract(s) at a $70.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $194.8K, with a price of $1740.0 per contract. There were 393 open contracts at this strike prior to today, and today 113 contract(s) were bought and sold. 
• Regarding AGO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on February 21, 2025. Parties traded 77 contract(s) at a $90.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $400.0 per contract. There were 198 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

COIN

CTLP

6 Financials Stocks Whale Activity In Today's Session

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has outperformed the market over the past 20 years by 1.69% on an annualized basis producing an average annual return of 10.14%. Currently, JPMorgan Chase has a market capitalization of $711.01 billion. 
Buying $1000 In JPM: If an investor had bought $1000 of JPM stock 20 years ago, it would be worth $6,894.52 today based on a price of $254.15 for JPM at the time of writing.
<h3>JPMorgan Chase's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737064809_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning JPMorgan Chase Stock In The Last 20 Years

UBS analyst Erika Najarian maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Buy and raises the price target from $276 to $287.

Price Target

UBS Maintains Buy on JPMorgan Chase, Raises Price Target to $287

Barclays analyst Jason Goldberg maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Overweight and raises the price target from $304 to $330.

Barclays Maintains Overweight on JPMorgan Chase, Raises Price Target to $330

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$80.00</td>
<td>$42.2K</td>
<td>5.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$48.50</td>
<td>$26.0K</td>
<td>1.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$134.00</td>
<td>$26.0K</td>
<td>1.0K</td>
<td>922</td>
</tr>
<tr>
<td>FLG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$9.00</td>
<td>$26.3K</td>
<td>3.5K</td>
<td>319</td>
</tr>
<tr>
<td>ALL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$190.00</td>
<td>$27.5K</td>
<td>1.3K</td>
<td>224</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$315.00</td>
<td>$60.5K</td>
<td>144</td>
<td>174</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$28.00</td>
<td>$46.6K</td>
<td>2.6K</td>
<td>129</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$625.00</td>
<td>$58.1K</td>
<td>3</td>
<td>61</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$62.50</td>
<td>$40.2K</td>
<td>268</td>
<td>60</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$210.00</td>
<td>$27.2K</td>
<td>5.9K</td>
<td>40</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bearish, expiring in 64 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $80.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $211.0 per contract. There were 5897 open contracts at this strike prior to today, and today 1663 contract(s) were bought and sold. 
• Regarding USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on January 17, 2025. Parties traded 1128 contract(s) at a $48.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $23.0 per contract. There were 1346 open contracts at this strike prior to today, and today 1467 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on January 24, 2025. This event was a transfer of 100 contract(s) at a $134.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $262.0 per contract. There were 1018 open contracts at this strike prior to today, and today 922 contract(s) were bought and sold. 
• Regarding FLG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>), we observe a call option trade with bearish sentiment. It expires in 91 day(s) on April 17, 2025. Parties traded 246 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $107.0 per contract. There were 3596 open contracts at this strike prior to today, and today 319 contract(s) were bought and sold. 
• For ALL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on April 17, 2025. This event was a transfer of 27 contract(s) at a $190.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $1020.0 per contract. There were 1342 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 15 day(s) on January 31, 2025. Parties traded 100 contract(s) at a $315.00 strike. The total cost received by the writing party (or parties) was $60.5K, with a price of $605.0 per contract. There were 144 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on January 17, 2025. This event was a transfer of 25 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $46.6K, with a price of $1867.0 per contract. There were 2637 open contracts at this strike prior to today, and today 129 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option sweep that happens to be bearish, expiring in 64 day(s) on March 21, 2025. This event was a transfer of 20 contract(s) at a $625.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $58.1K, with a price of $2910.0 per contract. There were 3 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $40.2K, with a price of $1150.0 per contract. There were 268 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option trade with bearish sentiment. It expires in 365 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $680.0 per contract. There were 5957 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported strong fourth-quarter results, along with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43031980/big-banks-continue-to-beat-q4-earnings-financial-etf-takes-breather">solid results by other US big banks</a>.
The company reported its quarterly results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Goldman Sachs On JPMorgan Chase
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/595e3a7c988ca80001dc7d9c/richard-ramsden">Analyst Richard Ramsden</a> maintained a Buy rating, while lifting the price target from $273 to $295.
JPMorgan Chase reported fourth-quarter earnings of $4.81 per share, surpassing consensus of $4.08 per share, with core earnings also beating estimates, Ramsden said in a note. "The company also demonstrated strong expense discipline, with core expenses ~1% below the Street, despite stronger revenue," he added.
Management reiterated adjusted expenses for 2025 at around $95 billion, the analyst stated. "We view results and the 2025 NII (net interest income) and expense trajectory as better than expected," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Truist Securities On JPMorgan Chase
Analyst John McDonald reiterated a Hold rating and price target of $260.
JPMorgan Chase raised its 2025 NII ex-markets guidance to around $90 billion, "with lower short rates expected to produce sequential declines in 1H25 before flipping to sequential increases in 2H25 on loan/deposit growth," McDonald said.
The CFO indicated that JPMorgan Chase's overall deposit margin remains elevated, although "it&#8217;s still unclear if these current levels are truly sustainable through the cycle," the analyst stated. "Management noted they&#8217;re comfortable with this current level of excess capital and don&#8217;t believe it needs to grow any more," he further wrote.
JPM Price Action: Shares of JPMorgan Chase were up 0.4% to $253.26 at the time of publication on Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43011444/wall-street-rallies-as-treasury-yields-fall-banks-smash-q4-earnings-oil-hits-80-whats-driving-markets-wednesday">Wall Street Rallies As Treasury Yields Fall, Banks Smash Q4 Earnings, Oil Hits $80: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Photo: Konektus Photo/Shutterstock.com

Earnings Beats

Reiteration

JPMorgan Exhibits 'Strong Expense Discipline' In Q4; Analysts See Backend-Loaded 2025

Keefe, Bruyette &amp; Woods analyst David Konrad maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Market Perform and raises the price target from $257 to $264.

Keefe, Bruyette & Woods Maintains Market Perform on JPMorgan Chase, Raises Price Target to $264

U.S. banks delivered another round of strong fourth-quarter earnings Thursday, with Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), and PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) all surpassing <a href="https://www.benzinga.com/earnings">Wall Street earnings estimates.</a>
The results reinforced the sector's resilience, yet financial stocks showed a mixed reaction after Wednesday's sharp rally.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which tracks major banks, inched up 0.1% Thursday after a 2.6% gain the previous day. Meanwhile, regional banks, tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), dipped 0.7% following Wednesday's rally.
The reports followed upbeat earnings from Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), which fueled the biggest one-day surge in financial stocks since November.
Market strategist Ed Yardeni said the earnings reflected a "pickup in investment banking and markets activity as business confidence improved." He added that consumer loan growth remained slightly stronger than commercial loan growth.
<h3 class="wp-block-heading">Morgan Stanley Rides Trading Boom To Blowout Quarter</h3>
Morgan Stanley posted earnings per share of $2.22, crushing the $1.70 forecast. Revenue climbed to $16.22 billion, exceeding expectations by nearly 8%, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">Benzinga Pro</a> data. 
Its trading business drove the beat. Equities sales and trading revenue soared to $3.33 billion, easily topping the $2.63 billion estimate. Fixed income trading also outperformed, generating $1.93 billion versus the $1.68 billion forecast.
Wealth management, a key pillar of Morgan Stanley's business, delivered $7.48 billion in revenue, slightly above the $7.32 billion estimate. Net interest income hit $2.55 billion, well ahead of the $2 billion forecast.
The bank kept costs in check, with compensation expenses at $5.95 billion, lower than the projected $6.64 billion.
Shares rose 1.2%, extending Wednesday's 4.8% surge.
Read Also: <a href="https://www.benzinga.com/news/large-cap/25/01/43029150/morgan-stanley-q4-earnings-profit-doubles-ceo-calls-it-one-of-strongest-years-aims-for-prudent-dividend-growth">Morgan Stanley Q4 Earnings: Profit Doubles, CEO Calls It One Of Strongest Years, Aims For Prudent Dividend Growth</a>
<h3 class="wp-block-heading">Bank of America Tops Estimates, But 2025 Outlook In Focus</h3>
Bank of America also delivered a strong quarter, reporting EPS of 82 cents, above the 77 cents forecast. Revenue net of interest expenses came in at $25.35 billion, slightly exceeding expectations.
Key business lines performed well. Net interest income reached $14.36 billion, ahead of the $14.12 billion estimate. Investment banking revenue also beat, coming in at $1.65 billion versus the $1.47 billion forecast.
Goldman Sachs analyst Richard Ramsden noted that the results were "better than expected, given 1% higher NII and fees," but indicated that pre-provision net revenue of $8.4 billion fell 2% short of estimates. He added that investors would focus on expense and interest income guidance for 2025.
Bank of America shares were 0.7% lower, following Wednesday's 2.8% rally.
Read also: <a href="https://www.benzinga.com/25/01/43026092/bank-of-america-q4-earnings-67-billion-profit-revenue-jumps-15-investment-banking-and-deposit-growth">Bank of America Q4 Earnings: $6.7 Billion Profit, $1.7 Billion In Investment banking fees, Forecasts Higher NII In 2025</a>
<h3 class="wp-block-heading">PNC, U.S. Bancorp, First Horizon Deliver Mixed Results</h3>
PNC Financial Services posted EPS of $3.77, beating the $3.33 estimate. Revenue of $5.57 billion edged out expectations, but shares slipped 3.8% after gaining 2.4% on Wednesday.
U.S. Bancorp delivered EPS of $1.07, slightly above the $1.05 forecast, but revenue of $6.98 billion came in just below the $7 billion estimate. The stock was down 6.6% at the time of publication Thursday, after a 3.8% jump Wednesday.
First Horizon posted EPS of 43 cents, beating estimates of 39 cents, but revenue disappointed at $729 million, well short of the $820.7 million forecast. Shares were flat, following a 2.7% gain on Wednesday.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43027744/retail-sales-slow-jobless-claims-rise-is-us-consumer-loosing-steam">Retail Sales Disappoint, Jobless Claims Rise: Is US Consumer Losing Steam?</a></li>
</ul>
Photo: Shutterstock

Large Cap

Mid Cap

Sector ETFs

ETFs

Big Banks Continue To Beat Q4 Earnings As Financial ETF Takes A Breather

Truist Securities analyst John McDonald maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Hold and raises the price target from $260 to $268.

Truist Securities Maintains Hold on JPMorgan Chase, Raises Price Target to $268

U.S. stock futures were mixed on Thursday following Wednesday&#8217;s <a href="https://www.benzinga.com/news/earnings/25/01/43021827/dow-jumps-700-points-following-inflation-data-greed-index-remains-in-fear-zone">rally</a>. Futures of the S&amp;P 500, Nasdaq 100, and Dow Jones were higher, whereas the gauge of small-cap stocks Russell 2000 was trading lower in premarket trade.
Traders responded to better-than-expected inflation data on Wednesday as most stocks rallied. The headline Consumer Price Index rose 2.9% year-over-year in December, up from November's 2.7%, matching economist forecasts.
The 10-year Treasury note yielded 4.66%, while the two-year note yielded 4.28%. The CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> indicated a 97.3% probability that the Federal Reserve will hold interest rates steady at its upcoming meeting on Jan. 31, 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.48%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.33%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.06%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) both experienced positive premarket trading on Thursday. SPY rose 0.35% to $594.86, and QQQ climbed 0.45% to $519.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stocks surged on Wednesday, experiencing their largest single-day <a href="https://www.benzinga.com/news/earnings/25/01/43021827/dow-jumps-700-points-following-inflation-data-greed-index-remains-in-fear-zone">gain</a> since Nov. 6, 2024.
Inflation data released on Wednesday showed a slight uptick in consumer prices in December, matching economists&#8217; expectations. However, the monthly increase was the largest since March.
Several major banks, including JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Citigroup Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reported strong fourth-quarter earnings, with Citigroup also announcing a significant share buyback program.
Most sectors within the S&amp;P 500 experienced gains, particularly consumer discretionary, communication services, and financial stocks. Conversely, consumer staples stocks bucked the trend and closed lower.
The Dow Jones Industrial Average closed with a substantial gain of around 703 points. The S&amp;P 500 and Nasdaq Composite also recorded significant increases.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.45%</td>
<td>19,511.23</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.83%</td>
<td>5,949.91</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.65%</td>
<td>43,221.55</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.99%</td>
<td>2,263.29</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
After Wednesday&#8217;s rally, Charlie Bilello, the chief market strategist at Creative Planning said in an X post that about one-third of the S&amp;P 500&#8217;s composition was concentrated in the &#8216;Magnificent Seven&#8217; stocks. According to a chart shared by him the concentration in these stocks rose to 33.5% from 28% a year ago.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over a third of the S&amp;P 500 is now concentrated in the &quot;Magnificent Seven&quot; stocks, up from a fifth of the index two years ago. Video: <a href="https://t.co/CRei7RqnLO">https://t.co/CRei7RqnLO</a> <a href="https://t.co/P69ATuGRHv">pic.twitter.com/P69ATuGRHv</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1879733848822403087?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about inflation, Collin Martin, director, of fixed income strategy at the Schwab Center for Financial Research said, &#8220;CPI was a step in the right direction, but we&#8217;ll need to see more reports like this for evidence that the disinflationary trend has resumed.&#8221;
At the same time, Liz Ann Sonders, the chief investment strategist, at Charles Schwab highlighted that the spread between S&amp;P 500's forward earnings yield and 10-year Treasury yield has reached a new 23-year low.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Spread between S&amp;P 500's forward earnings yield and 10y Treasury yield has reached new 23-year low <a href="https://t.co/SxoQO7TU9K">pic.twitter.com/SxoQO7TU9K</a>
&mdash; Liz Ann Sonders (@LizAnnSonders) <a href="https://twitter.com/LizAnnSonders/status/1876605073117122574?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to RMB Capital, the U.S. consumer remained resilient while U.S. government spending continued unchecked despite sticky inflation and higher interest rates.
&#8220;The incoming administration appears focused on the challenging task of bolstering economic growth while at the same time reducing the deficit. The most critical element of this endeavor will be curtailing the deficit while keeping longer-term yields contained, so as not to disrupt economic expansion,&#8221; it added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
<ul>
<li>On Thursday at 8:30 a.m., ET initial jobless claims data for the week ending Jan. 11 will be released.</li>
<li>December&#8217;s U.S. Retail Sales figures will be announced.</li>
<li>The Import Price Index for December will be published.</li>
<li>The Philadelphia Fed Manufacturing Survey for January will be released.</li>
<li>At 10:00 a.m., ET, the business inventories data for November will be released.</li>
<li>The Home Builder Confidence Index for January will be published.</li>
<li>On Friday, at 8:30 a.m. ET, the Housing Starts and Building Permits data for December will be released.</li>
<li>At 9:15 a.m., ET, the Industrial Production and Capacity Utilization figures for December will be announced.</li>
</ul>
Stocks In Focus:
<ul>
<li>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) was up 0.38% in premarket on Thursday as Wall Street expects it to report quarterly earnings of 77 cents per share on revenue of $25.19 billion before the opening bell.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) was up 1.49% ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $1.70 per share on revenue of $15.03 billion.</li>
<li>UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) was up 0.4% as Wall Street expects it to report quarterly earnings of $6.72 per share on revenue of $101.76 billion before the opening bell.</li>
<li>Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was up 4.83% after it beat the fourth quarter revenue and EPS estimate. Its top client Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was also up 2.04%.</li>
<li>Synovus Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) was up 0.46% after reporting upbeat fourth-quarter financial results on Wednesday.</li>
<li>Powell Max Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMAX#NASDAQ">PMAX</a>) was up 84.66% as it is targeting firms with between $1 million and $5 million in revenue to expand into the Hong Kong and Asian financial communications market.</li>
<li>Douyu International Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) was up 23.76% after naming Simin Ren as co-CEO and announced a special cash dividend of $9.94/ADS.</li>
<li>BigBear.ai Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) was up 14.45% as it appointed Kevin McAleenan as CEO and a member of the company&#8217;s board, effective as of Wednesday. McAleenan will replace Mandy Long, who is transitioning to an advisory role.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.30% to hover around $78.47 per barrel.
The gold spot index was up by 0.71% to $2,737.06 per ounce. The Dollar Index was down 0.01% at 109.083 level.
Asian markets closed higher on Thursday as Hong Kong&#8217;s Hang Seng, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, Japan&#8217;s Nikkei 225 and South Korea&#8217;s Kospi index rose. European markets were also trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43021065/cash-app-parent-block-inc-eyes-395-upside-bofa-believes-us-centric-re-acceleration-story-will-drive-the-stock">Jack Dorsey&#8217;s Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock</a></li>
</ul>
Photo courtesy: Wikimedia

Macro Economic Events

Market Summary

Broad U.S. Equity ETFs

General

BBAI

DOYU

PMAX

US Stocks Could Open Higher After Big Banks Report Strong Earnings: Mag 7 Now Account For A Third Of S&P 500's Market Capitalization, Raising Alarms

The CNN Money Fear and Greed index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with all three major indices recording their best day since Nov. 6.
On the economic data front, the headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7%, matching economist forecasts. On a monthly basis, headline inflation increased 0.4%, accelerating from the 0.3% surge in November and marking the largest monthly rise since March 2024.
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported upbeat fourth-quarter FY24 results. Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reported better-than-expected fourth-quarter financial results. Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) also reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and financials stocks recording gains on Wednesday. However, consumer staples stocks bucked the overall market trend, closing the session slightly lower.
The Dow Jones closed higher by around 703 points to 43,221.55 on Wednesday. The S&amp;P 500 rose 1.83% to 5,949.91, while the Nasdaq Composite climbed 2.45% at 19,511.23 during Tuesday's session.
Investors are awaiting earnings results from Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), and UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 29.11, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 29.14.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/42998360/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Dow Jumps 700 Points Following Inflation Data: Greed Index Remains In 'Fear' Zone

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly exploring new partnerships to take over from Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) as its <a href="https://www.benzinga.com/government/24/10/41501333/apple-goldman-sachs-fined-89-million-over-apple-card-missteps-government-watchdog-orders-victim-comp">credit card partner</a>.
What Happened: The discussions with Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>) have been ongoing for several months, but a deal may still take time to finalize, reported Reuters.
Apple has also engaged Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) in discussions regarding the card partnership.
Apple, Barclays, and Synchrony did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also: <a href="https://www.benzinga.com/25/01/42993561/is-openais-chatgpt-about-to-make-amazons-alexa-apples-siri-and-google-assistant-a-thing-of-the-past" target="_blank" rel="noreferrer noopener">Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks — Here's How To Use The New Feature</a>
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has also been in <a href="https://www.benzinga.com/news/24/09/40907844/jpmorgan-in-talks-to-take-over-apple-credit-card-what-investors-need-to-know">talks with Apple since last year</a>.
Why It Matters: This discussion comes as Goldman Sachs, which launched the credit card with Apple in 2019, has decided to <a href="https://www.benzinga.com/news/23/10/35262321/goldman-sachs-wants-to-opt-out-of-consumer-lending-including-apple-card-general-motors-card">step back from its consumer finance</a> ambitions.&nbsp;
Goldman&#8217;s current credit card agreement with Apple is set to last until 2030, but it might conclude earlier.
Internal challenges and financial difficulties have prompted the bank to reevaluate its position in the consumer finance sector.
This strategic shift aligns with Goldman&#8217;s decision to transfer its General Motors credit card business to Barclays.
Several financial institutions are interested in partnering with Apple. However, some view the original deal terms as risky and unprofitable, the report noted.
Price Action: Apple&#8217;s shares rose 1.97% on Wednesday, closing at $237.87. In after-hours trading, they climbed an additional 0.31% to reach $238.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost" target="_blank" rel="noreferrer noopener">Stephen King Slams Elon Musk's H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Media

AAPL

Apple Eyes Barclays And Synchrony To Replace Goldman Sachs As Credit Card Partner: Report

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining over 100 points on Wednesday.
The Dow traded up 1.69% to 43,237.93 while the NASDAQ rose 2.35% to 19,491.49. The S&amp;P 500 also rose, gaining, 1.80% to 5,947.81.
Check This Out: <a href="https://www.benzinga.com/25/01/42998360/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Communication services shares surged by 2.4% on Tuesday.
In trading on Tuesday, consumer staples shares fell by 0.1%.
Top Headline
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported upbeat fourth-quarter FY24 results.
Reported revenue rose 11% year-on-year to $42.8 billion. Net revenue (managed) was $43.7 billion (+10% Y/Y), beating the consensus of $41.707 billion. EPS of $4.81 exceeded the consensus of $4.11.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares shot up 106% to $1.11. Safe &amp; Green Holdings announced the execution of a binding Letter of Intent to acquire 100% of the outstanding securities of New Asia Holdings Inc.</li>
<li>Shares of Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>)got a boost, surging 29% to $1.80 after the company announced it filed its latest patent application with the United States Patent and Trademark Office for a Battery Authentication Encryption Technology.</li>
<li>Compass Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) shares were also up, gaining 18% to $6.62 after the company raised its FY24 guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Keros Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) shares dropped 17% to $10.32 after the company announced an update on its Phase 2 TROPOS trial and halted all dosing based on the ongoing safety review.</li>
<li>Shares of Aclarion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) were down 59% to $0.040 after the company reported the pricing of $14.4m public offering of common stock and warrants.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) was down, falling 40% to $0.25 after the company announced the pricing of a $1.5 million public offering.</li>
</ul>
Commodities In commodity news, oil traded up 2.8% to $79.69 while gold traded up 1.3% at $2,716.20.
Silver traded up 3.8% to $31.505 on Wednesday, while copper rose 1% to $4.3855.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 surged 1.33%, Germany's DAX 40 gained 1.50% and France's CAC 40 gained 0.69%. Spain's IBEX 35 Index gained 1.25%, while London's FTSE 100 gained 1.21%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.08%, China's Shanghai Composite Index declining 0.43%, Hong Kong's Hang Seng Index gaining 0.34% and India's BSE Sensex rising 0.29%.
Economics
<ul>
<li>The headline Consumer Price Index rose 2.9% year-over-year in December, according to Wednesday's data from the Bureau of Labor Statistics.</li>
<li>The EIA said crude inventories declined by 1.961 million barrels last week, compared to market estimates of a 1.6 million-barrel draw.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42997542/top-3-tech-and-telecom-stocks-that-may-explode-this-quarter">Top 3 Tech And Telecom Stocks That May Explode This Quarter</a></li>
</ul>

Eurozone

Commodities

Intraday Update

ACON

AZTR

COMP

KROS

Crude Oil Rises Sharply; JPMorgan Chase Earnings Top Views

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) shares are moving higher on Wednesday amid strong earnings from several major banks. Here&#8217;s what you <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds">need to know</a>.
What To Know: Major financial institutions, including JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), delivered strong earnings Wednesday morning, fueling strength across the financial services sector.
Chase <a href="https://www.benzinga.com//node/43000684">reported revenue</a> of $43.73 billion, beating analyst estimates of $41.70 billion and representing a 10% year-over-year growth. The bank posted earnings per share of $4.81, beating analyst estimates of $4.11. Additionally, Chase reported that debit and credit sales volume increased by 8% year-over-year. 
Citi followed suit with <a href="https://www.benzinga.com//node/43002760">strong earnings</a>, reporting revenue of $19.58 billion, beating analyst estimates of $19.48 billion. It also reported adjusted earnings per share of $1.34, beating analyst estimates of $1.22. Wells Fargo <a href="https://www.benzinga.com//node/43002392">reported</a> revenue of $20.37 billion, missing analysts&#8217; estimate of $20.58 billion and it reported earnings per share of $1.43, beating analyst estimates of $1.34.
American Express may be trading higher following these positive earnings, as it indicates resilience in the financial sector and robust consumer spending, which benefits companies like American Express. This is evident in the improved financial and operational metrics from Citi and Chase, such as the increase in debit and credit card sales volume.
Better-than-expected bank earnings may also reflect broader economic strength. 
In Chase&#8217;s earnings report, Jamie Dimon, Chairman and CEO, said, "The U.S. economy has been resilient. Unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season. Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business."
See Also: <a href="https://www.benzinga.com/25/01/43011213/whats-going-on-with-amplify-energy-stock-today">What&#8217;s Going On With Amplify Energy Stock Today?</a>
AXP Price Action: At the time of writing, American Express stock is trading 3.66% higher at $311.35, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

Movers

What's Going On With American Express Shares Wednesday?

Wall Street staged a strong rebound on Wednesday, as mixed inflation data bolstered investor confidence in the Federal Reserve's continuation of easing cycle in 2025, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">easing recent market anxieties.</a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7% and aligning with economist forecasts. On a monthly basis, headline inflation increased by 0.4%, up from November&#8217;s 0.3%, marking the sharpest monthly rise since March 2024.
The inflation report strengthened market expectations for Fed rate cuts in 2025. The probability of a rate cut by June climbed to 63%, up from 55% the previous day, with December futures now pricing in a 50% chance of two rate cuts.
The S&amp;P 500 advanced 1.5% by midday trading in New York, and the Dow Jones followed suit with a similar gain, both supported by strength in financial stocks. The Nasdaq 100 outperformed, rising 1.9%, while small-cap stocks posted a 1.7% gain.
Key financial giants, including JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), exceeded Wall Street's <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">fourth-quarter 2024 earnings expectations.</a>
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged nearly 2.2%, leading all S&amp;P 500 sectors and recording its strongest one-day gain in over two months.
In the bond market, yields on the 2-year Treasury note, which is highly sensitive to interest rate expectations, fell 9 basis points to 4.28%, while 30-year yields dropped 8 basis points to 4.89%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.3% as bond prices rose.
The U.S. Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained flat, with dollar strength against the euro offset by weakness versus the yen.
West Texas Intermediate — as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) — rallied 2%, hitting $80 a barrel during the day amid a stronger-than-expected drop in commercial crude stocks last week.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumped 2.6%, nearing $99,000, buoyed by optimism surrounding potential Fed rate cuts. Meanwhile, gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), gained 0.5%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,142.06</td>
<td>1.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,257.59</td>
<td>1.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,932.76</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,153.53</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.5% to $590.96.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.5% to $431.31.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.9% to $514.49.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increased 1.8% to $223.77.</li>
<li>The&nbsp;Financial Select Sector SPDR Fund outperformed, up 1.2%; the&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Citigroup Inc. rallied over 7%, in reaction to stronger-than-expected earnings, marking the strongest performance within the S&amp;P 500 index.</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 6.9% after RBC raised its 12-month price target to $641. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares climbed more than 5% after RBC increased its price target for the stock from $313 to $440, while reaffirming its outperform rating.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43006771/bitcoin-up-to-99000-is-loving-inflation-data-release-xrp-dogecoin-follow-higher">Bitcoin Up To $99,000 &#8216;Is Loving&#8217; Inflation Data Release, XRP, Dogecoin Follow Higher</a></li>
</ul>
Photo: Shutterstock

Bonds

Econ #s

$BTC

SPDR Dow Jones Industrial Average ETF Trust

ISRG

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

PowerShares DB US Dollar Index Bullish Fund

Wall Street Rallies As Treasury Yields Fall, Banks Smash Q4 Earnings, Oil Hits $80: What's Driving Markets Wednesday?

On Tuesday, Teucrium added the Relative Strength Managed Volatility Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSMV#NYSE">RSMV</a>) to its ETF lineup, bringing Teucrium's U.S.-listed ETF tally to nine. This <a href="https://www.benzinga.com/etfs">actively managed fund</a> targets long-term capital appreciation for investors while managing risk in volatile markets.
The ETF invests in U.S. growth companies, mainly large-cap stocks with market caps exceeding $10 billion. The portfolio includes 20-50 securities. The ETF keeps the allocation dynamic, meaning during periods of heightened market volatility, it may allocate assets to fixed-income securities, cash, or cash equivalents as a defense.
Top holdings of this fund include United Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), JP Morgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>).
The fund evaluates macroeconomic conditions and allocates sector weights via a top-down approach. On the other hand, it adopts a bottom-up strategy to pick out individual securities. The fund keeps itself flexible to invest in other ETFs or REITs to improve growth prospects.
The Relative Strength Managed Volatility Strategy ETF has a net expense ratio of 0.95%, which is reasonable considering its active management strategy and risk management features.
The fund&#8217;s active management provides both offensive and defensive benefits. The fund has the advantage of benefiting from momentum-driven market trends and high-growth opportunities. Meanwhile, it can also reduce downside risks during volatile times by allocating to Treasuries and high-quality bonds.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/42981666/strong-dollars-ripple-effect-what-it-means-for-sp-500-etfs">Strong Dollar&#8217;s Ripple Effect: What It Means For S&amp;P 500 ETFs</a></li>
</ul>
Photo: Shutterstock

New ETFs

RSMV

WEAT

Maximize Growth, Minimize Risk With New, Dynamic Allocation ETF

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/01/2025-01-15_08h43_48.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Trifecta Of Good Data</h4>
An enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows that previously the stock market dipped below the breakout line.</li>
<li>The chart shows that on release of the Consumer Price Index (CPI) data the stock market has now crossed above the breakout line.</li>
<li>The buying in the early trade is extremely aggressive.</li>
<li>Core inflation data at the consumer level came cooler than expected but the headline data was hotter than expected.&nbsp; For the time being, the stock market is ignoring the hotter headline data and focusing on the cooler core data.&nbsp; Here are the details:
<ul>
<li>Headline CPI came at 0.4% vs. 0.3% consensus.</li>
<li>Core CPI came at 0.2% vs. 0.3% consensus.</li>
</ul>
</li>
<li>The Arora Report previously shared with you:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">The protection band is not being changed at this time, but members may consider adjusting their positions within the protection band as per personal preference.&nbsp; There are two reasons for no change in the protection band at this time:
</blockquote>
<ul>
<li>Earnings season is ahead.&nbsp; If earnings are good, the stock market may be able to resist rising yields longer.</li>
<li>Bonds are now very oversold.&nbsp; For this reason, bonds may see a technical bounce.&nbsp; The bounce in bonds means yields pulling back.&nbsp; If yields pull back, the stock market will rally.</li>
<li>On both of the above counts, the data is positive.
<ul>
<li>Today is a big day for earnings from major financial stocks.&nbsp; JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), and Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) are reporting earnings better than consensus.</li>
<li>Bonds are bouncing from oversold conditions.</li>
</ul>
</li>
<li>The trifecta of cooler Core CPI, better than expected earnings, and bonds bouncing is bringing in extremely aggressive buying.</li>
<li>In The Arora Report analysis, the probability of a correction is now at 40%.&nbsp;</li>
<li>The Fed's Beige Book will be released today at 2pm.</li>
<li>Retail sales and initial jobless claims data will be released tomorrow at 8:30am ET and may be market moving.</li>
</ul>
<h4 class="wp-block-heading">Germany</h4>
Germany's GDP shrank now for two consecutive years.&nbsp; Economic growth in 2025 is not expected.
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, NVIDIA Corp, and Tesla Inc.
In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1.
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trus.  The most popular ETF for silver is iShares Silver Trust.  The most popular ETF for oil is United States Oil ETF.
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing buying on cooler Core CPI.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Trifecta Of Good Data Puts Animal Spirits In High Gear Again To Buy Stocks

Major U.S. banks reported strong fourth-quarter 2024 earnings on Wednesday, with better-than-expected results across the board <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds">and upbeat 2025 guidance. </a>
The performance was driven by robust net interest income (NII), resilient fee revenue, and disciplined expense management. 
These positive earnings results sent financial stocks higher, with the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rising 1.9% on Wednesday, eyeing the strongest one-day rally since Nov. 6, 2024, when financial stocks rallied in response to Donald Trump&#8216;s victory at the presidential elections.
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.1%, reflecting strength among regional banks.
<h3 class="wp-block-heading">Bank Earnings In Focus</h3>
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported fourth-quarter earnings per share of $4.81, far exceeding the consensus estimate of $4.11, representing a 17% surprise, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">Benzinga Pro</a> data.
Revenue came in at $43.74 billion, beating estimates by 4.9%. The bank's strong performance was attributed to higher NII, which totaled $94 billion for 2025 guidance, above expectations, along with lower-than-anticipated credit costs.
The world&#8217;s largest bank repurchased $4 billion in shares during the quarter, bringing its Common Equity Tier 1 ratio to 15.8%, up 30 basis points quarter-over-quarter.
Shares of JPMorgan Chase &amp; Co. rose 0.5% by 10:00 a.m. in New York. 
Read also: <a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a>
Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) delivered a standout performance with EPS of $11.95, a sharp 45.4% surprise over the $8.22 consensus. Revenue reached $13.87 billion, 11.9% above estimates, driven by strong trading revenue, up by 13%, and better-than-expected equity underwriting, up 41%.
According to Bank of America analysts, Goldman remains &#8220;a favored way to gain exposure to rebounding investment banking activity.&#8221;
The bank repurchased $2 billion in shares and ended the quarter with a 15% CET1 ratio. Return on equity for 2024 stood at 12.5%, slightly below the bank&#8217;s mid-teens target but still solid.
Goldman Sachs rallied 6% in response to fourth-quarter results, reaching highs last seen in early December 2024 and eyeing the strongest 1-day rally since Nov. 6 2024.
Read also: <a href="https://www.benzinga.com/news/earnings/25/01/43000353/goldman-sachs-q4-earnings-equity-and-debt-underwriting-fuel-revenue-boost-assets-under-management-hit-record-314-trillion">Goldman Sachs Q4 Earnings: Underwriting Boosts Revenue, Assets Reach Record $3.14 Trillion</a>
Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) posted EPS of $1.42, beating estimates by 5.2%, driven by stronger-than-expected NII and fee revenue. 
Overall revenue was slightly below estimates at $20.38 billion, yet the bank's 2025 guidance surprised to the upside, with NII expected to grow 1-3% year-over-year, implying $48.98 billion—higher than analyst expectations.
Wells Fargo's CET1 ratio stood at 11.1%, down 20 basis points quarter-over-quarter, but the bank returned $4 billion to shareholders through buybacks. 
Credit trends remained stable, and expenses were well-managed, positioning the bank for a solid year ahead.
Shares of Wells Fargo roared 5.7% to early December highs. 
Read Also: <a href="https://www.benzinga.com/news/earnings/25/01/43002392/wells-fargo-q4-earnings-investors-cheer-50-jump-in-net-profit-roe-improvement-bank-expects-up-to-3-jump-in-2025-nii">Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII</a>
Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reported EPS of $1.34, beating the $1.22 consensus by 9.8%, while revenue of $19.58 billion narrowly exceeded expectations. 
The results reflected solid execution across the bank's core operations, with a particular boost from strong trading revenues.
Though the bank still faces challenges in certain areas, analysts at Bank of America see improving operational efficiency and regulatory easing as potential tailwinds. 
Citigroup's stock rose 5.7% following the earnings release, reflecting growing investor optimism.
Read also: <a href="https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-wealth-and-market-segments">Citigroup Q4 Earnings: 12% Topline Growth, $2.9 Billion Net Income, $20 Billion Share Buyback, Gains In Wealth And Market Segments</a>
Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) posted EPS of $1.72, exceeding estimates by 10.3%, while revenue of $4.85 billion beat projections by 4.2%. The results were driven by robust pre-provision net revenue growth, up 9.5% year-over-year, fueled by NII growth of nearly 14%.
The bank achieved its medium-term targets of a 33% pre-tax margin and 23% return on tangible common equity (ROTCE), highlighting disciplined expense management. 
Shareholder returns were also strong, with $1.1 billion returned in the fourth quarter, including $750 million in buybacks.
Shares rallied by 5.7%, eyeing their highest one-day surge since July 2022. 
<h3 class="wp-block-heading">Looking Ahead</h3>
The market spotlight will shift to Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), and M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) all slated to report earnings on Thursday, before the market open. 
Here's what investors will be watching, according to Benzinga Pro data:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank</th>
<th>Estimated Revenue</th>
<th>Estimated EPS</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bank of America Corp.</td>
<td>$25.24 billion</td>
<td>$0.77</td>
</tr>
<tr>
<td>Morgan Stanley</td>
<td>$15.03 billion</td>
<td>$1.70</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc.</td>
<td>$5.50 billion</td>
<td>$3.33</td>
</tr>
<tr>
<td>U.S. Bancorp</td>
<td>$6.99 billion</td>
<td>$1.05</td>
</tr>
<tr>
<td>M&amp;T Bank Corp.</td>
<td>$2.34 billion</td>
<td>$3.73</td>
</tr>
<tr>
<td>First Horizon Corp.</td>
<td>$820.7 million</td>
<td>$0.39</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">BlackRock Q4 Earnings: Record Inflows Fuel Revenue And Earnings Beat, AUM Hits $11.6 Trillion Milestone</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Small Cap

Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump's Election

Investors with a lot of money to spend have taken a bullish stance on JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 10%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,941, and 9, calls, for a total amount of $555,919.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $250.0 for JPMorgan Chase, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for JPMorgan Chase's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JPMorgan Chase's whale trades within a strike price range from $125.0 to $250.0 in the last 30 days. 
<h3>JPMorgan Chase Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736953228_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.31</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$250.00</td>
<td>$120.3K</td>
<td>20.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.13</td>
<td>$2.12</td>
<td>$2.12</td>
<td>$250.00</td>
<td>$75.8K</td>
<td>20.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$127.2</td>
<td>$123.1</td>
<td>$125.32</td>
<td>$125.00</td>
<td>$75.1K</td>
<td>178</td>
<td>6</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/24/25</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.6</td>
<td>$250.00</td>
<td>$70.5K</td>
<td>1.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$34.35</td>
<td>$34.2</td>
<td>$34.2</td>
<td>$245.00</td>
<td>$68.4K</td>
<td>5</td>
<td>20</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is JPMorgan Chase Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,371,078, the JPM's price is up by 0.47%, now at $248.65. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>What Analysts Are Saying About JPMorgan Chase</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $281.3333333333333.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Truist Securities lowers its rating to Hold with a new price target of $260. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $304. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on JPMorgan Chase with a target price of $280. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in JPMorgan Chase

Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">by the Federal Reserve. </a>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November's 2.7%, matching economist forecasts. On a monthly basis, headline inflation increased 0.4%, accelerating from the 0.3% surge in November and marking the largest monthly rise since March 2024.
Core inflation, which excludes volatile food and energy prices, rose 3.2% year-over-year, slightly below the expected 3.3%. Month-over-month, core prices gained 0.2%, in line with forecasts.
The inflation data boosted expectations for Fed rate cuts in 2025. The probability of a rate cut by June rose to 68% from 55% the previous day, with December futures now indicating a 58% chance of two cuts by year-end.
<h3 class="wp-block-heading">Wall Street Gains As Bond Yields Retreat, Financial Stocks Soar</h3>
The S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – surged 1.5% in early New York trading, led by financial stocks after major banks reported strong fourth-quarter earnings.
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) all topped earnings forecasts for the fourth quarter and released upbeat guidance, reiterating that the financial sector thrived heading to the end of last year.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rose 2.2%, leading all S&amp;P 500 sectors, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.4%, reflecting strong performance among regional banks.
The Dow rose 1.6%, while the Russell 2000 index outperformed, climbing 2.6%. Tech stocks, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), gained 1.7%, boosted by falling Treasury yields.
Yields on the policy-sensitive 2-year Treasury note fell 9 basis points to 4.27%, while 30-year yields dropped 9 basis points to 4.88%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) gained 1.6% as bond prices rallied.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2% to over $99,000, supported by rising hopes for Fed rate cuts. Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), added 0.5%.
<h3 class="wp-block-heading">Top Movers</h3>
S&amp;P 500 Gainers:
<ul>
<li>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): +5.85%</li>
<li>BlackRock Inc.: +5.54%</li>
<li>Assurant Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>): +5.49%</li>
<li>Bio-Techne Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>): +5.36%</li>
<li>Citigroup Inc.: +5.16%</li>
</ul>
Nasdaq 100 Movers:
<ul>
<li>Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>): +4.62%</li>
<li>Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>): +4.60%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): +4.43%</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>): +4.30%</li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>): +3.39%</li>
</ul>
Top Gainers In The Invesco KBW Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NYSE">KBWB</a>):
<ul>
<li>Citigroup Inc.: +5.27%</li>
<li>Wells Fargo &amp; Co.: +4.80%</li>
<li>Bank of New York Mellon Corp.: +4.35%</li>
<li>Western Alliance Bancorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>): +4.13%</li>
<li>Goldman Sachs Group Inc.: +4.02%</li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

CPRT

KBWB

PLTR

TECH

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