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Financial services firm $JPM said that 2Q16 wholesale credit cost was approx. $200MM. Within this, charge-offs of $150MM were principally driven by oil & gas and metals & mining. Outside of energy, $JPM has not seen deterioration in the wholesale or consumer credit portfolios. Due to Brexit, markets were volatile & volumes were materially higher.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?