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At close: December 6 at 6:30:00 PM GMT+1

How the LA wildfires may hit Big Bank earnings in 2025

Howard Capital Management CEO and CIO Vance Howard joins Wealth host Brad Smith to discuss his earnings outlook amid the Los Angeles wildfires. Howard warns that the Southern California fires could trigger bank defaults, potentially impacting earnings. "I don't think people have calculated that in yet because it just happened over the past three or four or five days," he explains. He advocates "patience" with bank stocks, noting that if defaults increase, earnings could be affected through the third and fourth quarters. With nearly 12,000 homes lost in Los Angeles, Howard predicts some homeowners may walk away from their mortgage obligations. "That's something to think about," he comments. JPMorgan Chase (JPM) touted record annual profits of $58 billion for 2024 in its latest earnings results. Looking beyond the banking sector, Howard identifies Salesforce (CRM) as a potential outperformer for 2025. Follow along Yahoo Finance's recent coverage of the Southern California forest fires and the insurance industry: Wildfire recovery must address insurance: Rep. Mike FloodSouthern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfiresCalifornia fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCalifornia homeowners insurance market tested as fires rageThe risk landscape for insurance in 2025: AXIS CEO talks coverageKey insurance advice amid Southern California wildfires To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Yahoo Finance Video 1 hour ago

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WFC

MS
Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now

Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now.

Yahoo Finance 3 hours ago

JPM
BlackRock assets reach record $11.6 trillion in Q4. Stock rises.

BlackRock (BLK) shares gain after the asset manager released fourth quarter results, showing profit increased 21% from 2023 while assets under management hit a record high of $11.55 trillion. Morning Brief Co-Hosts Seana Smith and Brad Smith break down what investors need to know about BlackRock's earnings report. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Yahoo Finance Video 4 hours ago

BLK
JPMorgan notches another record year of profits

The nation's largest bank earned $14 billion in the final quarter of 2024 due largely to a Wall Street revival, pushing its annual haul to an all-time record of $58 billion.

Yahoo Finance 7 hours ago

WFC

C

JPM
Big Bank earnings, December CPI, FedSpeak: What to Watch

Market Domination Overtime anchors Julie Hyman and Josh Lipton detail the top stories to watch for on Yahoo Finance tomorrow, Wednesday, January 15. Major banks are preparing to launch the earnings season, with JPMorgan Chase & Co. (JPM), Citigroup (C), Wells Fargo (WFC), BlackRock (BLK), and Bank of New York Mellon (BK) all set to release their quarterly reports. On the economic data front, markets will receive a new Consumer Price Index (CPI) reading with economists expecting core CPI — inflation excluding food and energy prices — to hold steady at 0.3%, with headline inflation rising to 0.4% for the month of December. Additionally, several Federal Reserve officials are scheduled to speak, including Richmond Fed President Tom Barkin, New York Fed President John Williams, and Chicago Fed President Austan Goolsbee. Their remarks will provide further insights into the central bank's monetary policy direction. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

Yahoo Finance Video 19 hours ago

JPM

BLK

BK
Departure of potential Fink successor creates new CEO drama at BlackRock

A potential successor to BlackRock CEO Larry Fink is reportedly leaving the firm, narrowing the list of contenders to become the next boss of the world's largest money manager.

Yahoo Finance 22 hours ago

JPM

BLK
Trump-fuelled stock market rally sends Wall Street profits to record highs

Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy.

The Telegraph 14 minutes ago

JPM

GSC

^GSPC
Intuitive Shares Jump on Strong 2024 Growth and Optimistic 2025 Outlook

The company projects worldwide da Vinci procedure growth between 13% and 16% for the year ahead.

GuruFocus.com 19 minutes ago

ISRG
Why Wolfspeed Stock Is Skyrocketing Today

Shares of Wolfspeed (NYSE: WOLF) are seeing explosive gains in Wednesday's trading. The silicon carbide specialist's share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain for the S&P 500 index and a 2% jump for the Nasdaq Composite index. Wolfspeed is surging today following fundraising news and a CHIPS Act announcement from the company.

Motley Fool 28 minutes ago

WOLF
Why FTAI Aviation (FTAI) Stock Is Falling Today

Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) fell 7.4% in the afternoon session after Muddy Waters, a research firm known for short reports and bets that stocks are overvalued, published a report on FTAI. Muddy Waters claims that FTAI Aviation has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products (AP) segment. This has led to a growth story in FTAI's AP revenue, which Muddy Waters believes is lower quality than investo

StockStory 52 minutes ago

FTAI
Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal

QXO a new player in building-products distribution, is turning up the heat in its efforts to acquire Beacon Roofing Supply. QXO published a letter Wednesday detailing its cash offer of $124.25 per share, which it says Beacon has refused to “substantially engage” on. The Wall Street Journal reported in mid-November that QXO had privately made an offer to acquire Beacon, which is the largest publicly traded distributor of roofing materials and complementary building products in the U.S. and Canada.

The Wall Street Journal 57 minutes ago

QXO
Why Intuitive Surgical Stock Surged Higher Today

Shares of robotic-assisted surgery pioneer Intuitive Surgical (NASDAQ: ISRG) were up 6% as of 12:45 p.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence. Analysts expected Intuitive Surgical to grow revenue by roughly 14% during its final quarter of 2024. Furthermore, it is well above Intuitive Surgical's average 15% annualized growth rate over the last decade.

Motley Fool 58 minutes ago

ISRG
Upcoming Earnings Reports to Watch on Thursday: TSM, UNH, BAC and MS

Anticipated Strong Performances from Technology, Healthcare, and Financial Giants

GuruFocus.com 1 hour ago

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MS-PQ

TSM
Artificial Intelligence (AI) Stocks Micron Technology, BigBear.ai, and C3.ai Pop After Positive Inflation Report

The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped roughly 2% after new economic data showed easing inflation, a relief to investors that also led to a decline in Treasury yields. Shares of many artificial intelligence (AI) stocks moved higher on the news. Semiconductor company Micron Technology (NASDAQ: MU) traded 5.7% higher as of 12:12 p.m. ET.

Motley Fool 1 hour ago

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Top Stock Movers Now: BNY, Goldman Sachs, BlackRock, Tesla, and More

Major U.S. indexes surged at midday Wednesday after several big banks reported strong quarterly results and a key measure of inflation came in softer than anticipated.

Investopedia 1 hour ago

TSLA

GSC

BK
JPMorgan Chase (JPM) Q4 2024 Earnings Call Transcript

JPM earnings call for the period ending December 31, 2024.

Motley Fool 1 hour ago

JPM
Wells Fargo Posts Mixed Fourth-Quarter Results, Eyes Net Interest Income Growth in 2025

Wells Fargo's (WFC) fourth-quarter top-line unexpectedly declined due to lower net interest income,

PREMIUM
MT Newswires 1 hour ago

WFC
BlackRock (BLK) Q4 2024 Earnings Call Transcript

BLK earnings call for the period ending December 31, 2024.

Motley Fool 1 hour ago

BLK
US Equity Indexes Jump as Slowing Core Inflation, Strong Bank Earnings Boost Risk Sentiment

US equity indexes jumped as easing core inflation put monetary policy hawks on the back foot and str

PREMIUM
MT Newswires 1 hour ago

COMP
A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking

JPMorgan Chase is forecasting a slight decline in its core net interest income, which excludes the more volatile markets unit, from about $92 billion in 2024 to roughly $90 billion in 2025. Wells Fargo said it is anticipating 1% to 3% net interest income growth—with a portion of that driven by some more mechanical factors, such as older investments maturing and being reinvested at higher rates.

The Wall Street Journal 1 hour ago

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JPM

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Related News

How the LA wildfires may hit Big Bank earnings in 2025

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BlackRock assets reach record $11.6 trillion in Q4. Stock rises.

JPMorgan notches another record year of profits

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JPMorgan Chase (JPM) Q4 2024 Earnings Call Transcript

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A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking