HAMMACK: COMMENTS FROM LOW INCOME WORKERS WAS FIRST ABOUT TRADING DOWN, NOW THEY ARE BEGINNING TO JUGGLE WHAT BILLS TO PAY
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🇫🇷 FRENCH THIRD-QUARTER GROWTH SEEN AT 0.1%, UNCHANGED FROM PREVIOUS ESTIMATE, CENTRAL BANK SAYS
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SAUDI ARABIA ISSUES EARLY WARNING ALERT FOR POTENTIAL HOSTILE THREAT IN RIYADH - MESSAGE SEEN BY REUTERS
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🇫🇷 FRANCE'S ECONOMY STALLS AS GROWTH HITS JUST 0.1%
France's economy grew just 0.1% in Q3, following stagnation in Q2, according to the Bank of France.
Rising energy costs, weak manufacturing and sluggish construction continue to weigh on growth.
Business uncertainty is increasing, with companies delaying investments and households cutting spending.
Automotive production could fall sharply in October due to supply shortages.
Official Q3 GDP figures are due October 30.
(@WalterBloomberg)
France's economy grew just 0.1% in Q3, following stagnation in Q2, according to the Bank of France.
Rising energy costs, weak manufacturing and sluggish construction continue to weigh on growth.
Business uncertainty is increasing, with companies delaying investments and households cutting spending.
Automotive production could fall sharply in October due to supply shortages.
Official Q3 GDP figures are due October 30.
(@WalterBloomberg)
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*UKMTO: CONTAINER VESSEL REPORTEDLY STRUCK BY UNKNOWN PROJECTILE
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RUSSIA’S NOVAK ON DIESEL SUPPLY DEAL WITH TRUMP: THERE ARE TALKS BETWEEN GOVERNMENTS OF RUSSIA AND US ON SUPPLY
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RUSSIA'S NOVAK: WE HAVE POSSIBILITY TO MAKE ADDITIONAL SUPPLIES OF DIESEL ON GLOBAL MARKETS
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RUSSIA'S NOVAK: RUSSIA HAS SUPPLIED ENERGY WORTH $21.3 BLN TO EU THIS YEAR
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IRAN ACCUSES UK OF STAGING FALSE FLAG ATTACK AT RAF FAIRFORD
Iran's Foreign Ministry has categorically denied British accusations linking Tehran to a security incident at RAF Fairford.
Tehran accused London of fabricating allegations and orchestrating a “false flag” operation, demanding concrete evidence to support the claims.
Iran also warned that the British government would bear responsibility for any consequences arising from the accusations.
(@WalterBloomberg)
Iran's Foreign Ministry has categorically denied British accusations linking Tehran to a security incident at RAF Fairford.
Tehran accused London of fabricating allegations and orchestrating a “false flag” operation, demanding concrete evidence to support the claims.
Iran also warned that the British government would bear responsibility for any consequences arising from the accusations.
(@WalterBloomberg)
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Trump: We have the best stock market in history. We have the best 401ks in history
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Trump on Iran: They have no navy; they have no air force. Inflation is through the roof."
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Trump: Putin wants to make a deal, we need to get Zelenskyy to make a deal
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$WFC WELLS FARGO Q3: EPS BEATS, REVENUE & NII MISS
Results
*EPS: $1.87 vs. $1.85 est. (BEAT)
*Revenue: $21.87B vs. $22.30B est. (MISS)
*Net Income: $5.95B
*Net Interest Income: $12.52B vs. $12.63B est. (MISS)
*ROE: 13.8%
*CET1 Capital Ratio: 10.0%
*Credit Loss Provision: $1.03B
Guidance
* FY26 NII Outlook: Approximately $50B
Segment Performance
*Investment Banking Revenue: $611M
*Total Markets Revenue: $1.84B
(@WalterBloomberg)
Results
*EPS: $1.87 vs. $1.85 est. (BEAT)
*Revenue: $21.87B vs. $22.30B est. (MISS)
*Net Income: $5.95B
*Net Interest Income: $12.52B vs. $12.63B est. (MISS)
*ROE: 13.8%
*CET1 Capital Ratio: 10.0%
*Credit Loss Provision: $1.03B
Guidance
* FY26 NII Outlook: Approximately $50B
Segment Performance
*Investment Banking Revenue: $611M
*Total Markets Revenue: $1.84B
(@WalterBloomberg)
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$JPM JPMORGAN Q3: ADJ. EPS & REVENUE MISS ESTIMATES
Results
* Adj. EPS: $5.75 vs. $5.90 est. (MISS)
* Reported EPS: $5.57
* Revenue: $50.17B vs. $51.22B est. (MISS)
* Net Income: $15.31B
* Net Interest Income: $27.10B
* ROTCE: 17.0%
* Credit Loss Provision: $2.74B
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Results
* Adj. EPS: $5.75 vs. $5.90 est. (MISS)
* Reported EPS: $5.57
* Revenue: $50.17B vs. $51.22B est. (MISS)
* Net Income: $15.31B
* Net Interest Income: $27.10B
* ROTCE: 17.0%
* Credit Loss Provision: $2.74B
(@WalterBloomberg)
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JPMORGAN ($JPM ) MISSES Q3 EPS & REVENUE ESTIMATES — SHARES -2.8% PREMARKET
Q3 Results
* Adj. EPS: $5.75 vs. $5.94 est. (3.2% miss)
* Managed Revenue: $50.9B vs. $51.22B est. (0.6% miss)
* Reported Revenue: $50.2B, +8% YoY
* Net Income: $15.31B, +6% YoY
* Credit Loss Provisions: $2.74B, -19% YoY
Segment Performance
* FICC Trading Revenue: $5.37B vs. $6.0B est. (10.5% miss)
* Investment Banking Revenue: $3.1B
* CIB Net Income: $8.25B, +20% YoY
* Consumer Banking Net Income: $5.67B, +13% YoY
* Asset & Wealth Management Net Income: $1.84B, +11% YoY
Market Reaction
* JPM Shares: -2.8% premarket following EPS, revenue and FICC misses.
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Q3 Results
* Adj. EPS: $5.75 vs. $5.94 est. (3.2% miss)
* Managed Revenue: $50.9B vs. $51.22B est. (0.6% miss)
* Reported Revenue: $50.2B, +8% YoY
* Net Income: $15.31B, +6% YoY
* Credit Loss Provisions: $2.74B, -19% YoY
Segment Performance
* FICC Trading Revenue: $5.37B vs. $6.0B est. (10.5% miss)
* Investment Banking Revenue: $3.1B
* CIB Net Income: $8.25B, +20% YoY
* Consumer Banking Net Income: $5.67B, +13% YoY
* Asset & Wealth Management Net Income: $1.84B, +11% YoY
Market Reaction
* JPM Shares: -2.8% premarket following EPS, revenue and FICC misses.
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HSBC: DON'T FIGHT THE AI TRADE AS STOCK RALLY GAINS MOMENTUM
HSBC expects strong Q3 earnings and accelerating AI demand to extend the equity bull market.
S&P 500 forward valuations have fallen 16.5% since late 2025, while earnings guidance is improving at its fastest pace since 2021.
The bank favors AI hyperscalers, citing surging computing demand and resilient GPU prices.
HSBC sees earnings as the next catalyst for stocks to move higher.
Trim this to three punchy sentences
(@WalterBloomberg)
HSBC expects strong Q3 earnings and accelerating AI demand to extend the equity bull market.
S&P 500 forward valuations have fallen 16.5% since late 2025, while earnings guidance is improving at its fastest pace since 2021.
The bank favors AI hyperscalers, citing surging computing demand and resilient GPU prices.
HSBC sees earnings as the next catalyst for stocks to move higher.
Trim this to three punchy sentences
(@WalterBloomberg)
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KREMLIN DENIES TRUMP'S RUSSIAN DIESEL DEAL IS LINKED TO UKRAINE PEACE TALKS
The Kremlin says Russia's diesel export agreement with the U.S. has no direct connection to negotiations over Ukraine.
The denial follows a Reuters report that Trump's envoys presented the deal as an effort to bring Moscow back to peace talks.
“I don't see any direct connection here,” Kremlin spokesman Dmitry Peskov said, calling the agreement mutually beneficial.
Meanwhile, Ukraine peace negotiations remain stalled, with Washington warning of a dangerous stalemate.
(@WalterBloomberg)
The Kremlin says Russia's diesel export agreement with the U.S. has no direct connection to negotiations over Ukraine.
The denial follows a Reuters report that Trump's envoys presented the deal as an effort to bring Moscow back to peace talks.
“I don't see any direct connection here,” Kremlin spokesman Dmitry Peskov said, calling the agreement mutually beneficial.
Meanwhile, Ukraine peace negotiations remain stalled, with Washington warning of a dangerous stalemate.
(@WalterBloomberg)
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