Corporate reports in the USA | 19 Abril 2019

Corporate reports in the USA


#JPMorgan:


Shares of the largest American Bank is interesting to buy. The bank reported record net income of $9.2 billion and EPS of $2.65, on record revenue of nearly $30 billion, with a return on tangible common equity of 19%. The results this quarter were strong. Core loans were up 4% here year on year, driven by Home Lending and Cards, both up 6%, and Business Banking up 3%. Debt underwriting fees were up 21%, also outperforming a market that was down, driven by large acquisition financing deals and continued strong lead-left positions in leveraged finance. Positive news will have a positive impact on the value of the company's shares.


Trading recommendation: Buy 110.15 and take profit 113.40.


Corporate reports in the USA


#BP:


The bullish rally in the oil market will have a positive impact on the value of British Petroleum's shares. Iran's oil minister said, that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran. "Venezuela is in trouble. Russia is also under sanctions. Libya is in turmoil. Part of U.S. oil production has stopped. These show the supply-demand balance is very fragile," Zanganeh said. This is a positive signal for all oil companies!


Trading recommendation: Buy 44.10 and take profit 46.65.


Corporate reports in the USA


#Novatek:


One of Europe's largest natural gas producers pleased investors with positive operating results for the period from January to March 2019. In the first quarter 2019, NOVATEK’s hydrocarbon production totaled 147.1 million barrels of oil equivalent (boe), including 18.66 billion cubic meters (bcm) of natural gas and 2,987 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 14.6 million boe, or by 11.0% as compared with the first quarter 2018. The Company processed 2,693 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a 2.5% decrease as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 1,765 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a 0.5% decrease in volumes processed at the facility in the first quarter 2019. This is a positive signal for the company's shares.


Trading recommendation: Buy 1099.45 and take profit 1112.

 

David Johnson
Analyst of «FreshForex» company
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