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The Zacks Analyst Blog Highlights: JP Morgan, Wells Fargo, Bank of America, Citigroup and Stora Enso

For Immediate Release

Chicago, IL – April 12, 2016 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JP Morgan (JPM),Wells Fargo (WFC),Bank of America (BAC),Citigroup (C) and Stora Enso ADRs (SEOAY).

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Here are highlights from Monday’s Analyst Blog:

Big Bank Reports Hang Over Trading

Equities started Global Week Ahead trading with a cautious, albeit positive tone.

Trading floors in all regions of the world must be busy, preparing for the U.S. Q1 earnings season. This should be the fourth quarter in a row for S&P 500 earnings declines.

According to S&P Global Market Intelligence, analysts expect S&P 500 earnings to fall -8.1% in Q1, weighed down by a -105.3% decline from the energy sector, gratis weak oil prices. At Zacks, we think Q1 EPS data shows total S&P 500 earnings down -11.1% on -2.3% lower revenues.

Keep your thought wheels turning on this: With a turn up in global Energy prices in hand, is the U.S. earnings recession bottom in?

Hanging above the well-understood U.S. Energy sector earnings debacle, headline-grabbing EPS news this week likely comes from the biggest U.S. banks.

A weak rate environment and volatile Q1 risks are about to deliver a weak set of quarterly Big Bank reports.

  • On Wednesday, JP Morgan (JPM) reports before the market opens.
  • On Thursday, Wells Fargo (WFC) and Bank of America (BAC) report before the market opens.
  • On Friday, Citigroup (C) reports in the morning.

Away from the U.S. earnings season, the IMF and World Bank kick off their annual Spring Meetings in Washington DC.

Each spring (according to the website) thousands of government officials, journalists, civil society organizations and participants from academia and private sectors, gather.

At the heart of the gathering are meetings of the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee. They discuss progress on the work of the IMF and the World Bank Group.

Also featured are seminars, regional briefings, press conferences and many other events focused on the global economy, international development, and the world's financial markets.

This year’s Spring Meetings events take place April 12-17. Added to that, OPEC issues its last Monthly Oil Market Report, the last one before its critical April 17th confab.

Anything coming from these two groups – the IMF/World Bank Spring Meetings and OPEC outside the U.S. – likely eclipse anything said by the numerous Fed presidents who speak on U.S. monetary matters this week.

However, nothing outside the U.S. is likely to dominate U.S. earnings reports.

Do you want to look into non-U.S. stocks this week?

Take a look at Stora Enso ADRs (SEOAY). This stock got a fresh Zacks #1 Rank (Strong Buy) stock. It also shows us a solid long-term Zacks VGM rating of B, delivered by an A rating in Value and a B rating in Growth.

The paper & related products industry is in the Materials industry. If a price bottom is indeed in for oil and commodities, this could be a good stock.

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JPMORGAN CHASE (JPM): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
STORA ENSO -ADR (SEOAY): Free Stock Analysis Report
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