JPMorgan's Q3 earnings surpassed expectations, with significant beats in key metrics such as net revenue, net interest income, and EPS, driving a 4.44% stock price increase. Year-over-year, NII growth was modest at 3%, and net income decreased by -1%. Yet, the bank saw great momentum in non-interest revenue, growing 12%. Although the CEO thinks the stock multiple is inflated, I believe it is fairly valued, and given the bank's strong positioning, it is worth providing it with a buy rating.
A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.
Amazon's ambitious Project Kuiper satellite constellation aims to build a system of 3,236 satellites to increase global broadband access.
BofA Securities has upgraded Kinder Morgan KMI, an energy infrastructure company that owns and controls oil and gas pipelines and terminals. The analyst notes stabilized base business.
Gerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going into next year, and more.
The veteran banker's comments, which came as he announced expectation-beating Q3 profits, saw JP Morgan stock climb by 3% in morning trading on the New York Stock Exchange.
Nvidia's stock price may not see a significant boost given high valuation multiples, unless there are positive signs from insiders' behaviour.
Kinder Morgan offers investors a very attractive dividend yield.
KMI's Tampa Bay Stevedores, Tampaplex Terminal, and Port Sutton Terminal have been shut down due to Hurricane Milton, which is fast approaching landfall.
Improvement in trading and IB business performance is likely to have aided MS' Q3 earnings, while subdued NII is expected to have hurt.
Morgan Stanley Direct Lending Fund shows strong fundamentals and growth, with solid dividend coverage and a healthy portfolio, despite its short track record. MSDL's investment-grade credit ratings and manageable debt positions them well for future growth, but high exposure to floating rate loans poses risks. Trading at a slight discount to NAV, MSDL offers a compelling buy opportunity for income-oriented investors, though upside is limited due to potential rate declines.