简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Q4—also known as quarter-four or the fourth quarter—is the last quarter of the financial year for both corporations and other organizations. Many companies' Q4 dates follow the calendar year, starting on Oct. 1 and ending on Dec. 31.
Market Update
Q4—also known as quarter-four or the fourth quarter—is the last quarter of the financial year for both corporations and other organizations. Many companies' Q4 dates follow the calendar year, starting on Oct. 1 and ending on Dec. 31.
Fourth quarter earnings
The fourth quarter earnings season kicks off this Friday with results coming from several major banks and financial institutions. Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, Bank of New York Mellon, BlackRock and PNC Financial Services Group are all scheduled to release quarterly results as are Delta Air Lines and UnitedHealth Group.
Tech meltdown
We all know that, 2022 was a particularly difficult year for investors with both equity and bond markets down sharply. All the major US stock indices slumped from the lofty record highs seen at the beginning of the year, or as with the tech-heavy NASDAQ, in November 2021. For the record, the S&P 500 lost 20% in 2022 while the NASDAQ 100 slumped 33% as previous market darlings such as Tesla and Meta Platforms (formerly Facebook) fell out of favour. Last year Tesla fell 73%, Meta was down 75%, Amazon ended 52% lower, Nvidia lost 65%, with Apple and Microsoft down 32% and 37% respectively. We will hear from the tech sector in a few weeks time. But for now, investors will focus on the banking giants. It will be interesting to see how they have fared in an environment where interest rates have moved sharply higher, which should have helped to boost their profitability.
Forward guidance
But so much will depend on any forward guidance released alongside the numbers, and how these companies view the US economic outlook. While there are plenty of analysts pointing at the inverted yield curve and predicting a recession this year, others are more sanguine. The US consumer has proved remarkably resilient, and unemployment is low. For those that see the US Federal Reserve soon ending its series of interest hikes, the outlook for this year may be brighter than last.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Questrade announces the integration of TradingView, enhancing investment tools for customers.
Tickmill has integrated SoFinX's platform to enhance its copy trading services, promising a superior trading experience.
Early summer in Hong Kong saw the sun shining over the sparkling waters of Victoria Harbour, much like the bright ideas shaping the future of the financial industry. Today (May 17), the highly anticipated financial event, The WIKI FINANCE EXPO HONG KONG 2024 concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Kowloon, Hong Kong. Organized by WikiGlobal, this financial technology extravaganza gathered top figures from the global financial sector to explore the development and future trends of financial technology.
The article underscores the imperative for public vigilance against impersonation scams targeting bank customers, emphasizing the heightened risk posed by fraudulent calls from individuals masquerading as National Scam Response Centre officers.