JPMorgan Beats Estimates; BlackRock Fund Flows; Texas Instruments Production
On this episode of Stock Movers:- JPMorgan (JPM) shares are higher after it blew past earnings estimates. The big bank still offered a cautious outlook amid uncertainty over tariffs and the US-China trade war. CEO Jamie Dimon did express caution about the US economy, citing potential negatives such as tariffs, trade wars, and high fiscal deficits, and warned that a recession is a "likely outcome".- Wells Fargo (WFC) is also getting a boost but pared some gains this morning after reporting earnings, but it did miss on net interest income estimates. It did warn of a slowing economic environment after reporting results. The bank's non-interest expenses beat expectations with a 3.1% decline to $13.9 billion, and its provisions for credit losses were $932 million, less than forecast.- BlackRock (BLK) is lower after pulling in a less-than-expected $83 billion of client money to its investment funds in the first quarter, which ended just days before President Trump unleashed tariffs that stoked extreme volatility across stock and bond markets.- Texas Instruments (TXN) is down this morning after it showed some weakness in production. It is on pace for its largest decrease in production since 2020.See omnystudio.com/listener for privacy information.