Category

Earnings Alerts

Avenue Supermarts Ltd (DMART) Earnings: 1Q Net Income Misses Estimates Despite 17% Y/Y Growth

By | Earnings Alerts
  • Net income for Avenue Supermarts in the first quarter reached 8.12 billion rupees, marking a 17% increase year-over-year, but was below the estimate of 8.22 billion rupees.
  • Revenue for the quarter stood at 137.1 billion rupees, showing an 18% rise year-over-year, yet falling short of the estimated 139.02 billion rupees.
  • Total costs for Avenue Supermarts increased by 19% year-over-year, totaling 126.8 billion rupees.
  • Other income grew by 11% year-over-year to reach 519.5 million rupees.
  • EBITDA was reported at 12.21 billion rupees, missing the estimate of 12.63 billion rupees.
  • Analyst recommendations for Avenue Supermarts include 12 buys, 5 holds, and 8 sells.

A look at Avenue Supermarts Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

**Avenue Supermarts Ltd. (ASL)** owns and operates hypermarkets and supermarkets across India, providing a wide range of products including garments, footwear, toys, groceries, electronics, and more. According to Smartkarma’s Smart Scores, ASL receives varying ratings across different factors influencing its long-term outlook. With a solid **Value score of 2**, Avenue Supermarts Ltd. is perceived to offer reasonable value within its industry. However, its **Dividend score of 1** indicates a lower level of dividend payout. On the bright side, ASL is positioned for strong growth potential with a **Growth score of 4** and high resilience in the face of challenges with a **Resilience score of 4**. Additionally, the company shows a decent level of positive market momentum, reflected in a **Momentum score of 3**.

Looking ahead, Avenue Supermarts Ltd. seems to have a promising future with favorable growth prospects and a robust ability to withstand market disruptions. While the company may not be a top performer in terms of dividends, its focus on value, growth, and resilience positions it well for long-term success in the competitive retail sector in India. Investors keen on a company with solid growth potential and market resilience may find Avenue Supermarts Ltd. to be an attractive investment opportunity based on the Smartkarma Smart Scores analysis.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Longfor Properties (960) Earnings Surge: June Contracted Sales Hit 10B Yuan, YTD Sales Reach 51.12B Yuan

By | Earnings Alerts
  • June Contracted Sales: Longfor Group achieved contracted sales of 10 billion yuan in June 2024.
  • Year-to-Date Performance: The company’s year-to-date (YTD) contracted sales reached 51.12 billion yuan.
  • Analyst Ratings: The company has received 28 buy ratings, 2 hold ratings, and no sell ratings.

Longfor Properties on Smartkarma



Analyst coverage of Longfor Properties on Smartkarma by Leonard Law, CFA has highlighted varying sentiments. In a recent report titled “Longfor Group – Earnings Flash – FY 2023 Results,” Lucror Analytics provided a bearish outlook on the company’s financial performance. Despite acceptable FY 2023 results, the report mentioned an earnings decline due to reduced revenue from property development. However, the report noted a decent gross margin for property development at 11% and highlighted positive aspects such as a rise in recurring revenue and manageable debt levels.

On the other hand, in Morning Views Asia reports on companies like Meituan and China Vanke, Leonard Law, CFA expressed bullish sentiments. The reports provided fundamental credit analysis, opinions, and trade recommendations on high yield issuers in the region. These reports showcased a positive outlook on companies in the region, emphasizing key company-specific developments, market indicators, and macroeconomic factors affecting investment decisions. Overall, the analyst coverage on Smartkarma offers a comprehensive view of Longfor Properties and other companies in the Asian market.



A look at Longfor Properties Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Longfor Properties Co. Ltd., a prominent player in the Chinese property sector, appears poised for a strong long-term trajectory according to Smartkarma Smart Scores. The company’s exceptional Value and Dividend scores reflect its solid financial standing and commitment to rewarding shareholders. Moreover, with a respectable Momentum score, Longfor Properties seems to be gaining positive traction in the market, indicating potential future growth opportunities.

Despite facing some challenges with lower Resilience and Growth scores, Longfor Properties‘ focus on value and dividends, combined with a positive momentum outlook, suggests a promising outlook for investors seeking stability and returns in the ever-evolving property market in China.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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HCL Technologies (HCLT) Earnings Q1: Net Income Surpasses Estimates, Shares Gain 3.2%

By | Earnings Alerts
  • HCL Tech’s net income for the first quarter of 2024 is 42.6 billion rupees, a 21% increase year-over-year (y/y), surpassing the estimate of 38.45 billion rupees.
  • Revenue for the quarter is 280.6 billion rupees, up 6.7% y/y, meeting the estimate of 280.25 billion rupees.
  • IT and business services revenue is 209.1 billion rupees, marking a 6.5% increase y/y, slightly above the estimate of 208.47 billion rupees.
  • Engineering and R&D Services revenue is 44.6 billion rupees, a 10% rise y/y, though below the estimate of 46.1 billion rupees.
  • Total costs for the quarter amount to 234.5 billion rupees, a 6.9% increase y/y.
  • Employee benefits expenses stand at 164.1 billion rupees, up 9.3% y/y.
  • Outsourcing costs decrease by 2.5% y/y to 35.4 billion rupees.
  • Other income is 11 billion rupees, significantly higher than the 3.44 billion rupees reported last year.
  • Dividend per share for the quarter is set at 12 rupees.
  • HCL Tech shares rise by 3.2% to 1,560 rupees, with 6.43 million shares traded.
  • Analyst recommendations include 22 buys, 14 holds, and 7 sells.

HCL Technologies on Smartkarma

According to analyst coverage on Smartkarma by Wium Malan, CFA, the sentiment on HCL Technologies leans towards bearish with the headline “HCL Technologies: Negative Technical Analysis Signals”. In the provided insight, the analyst delves into a technical analysis of HCL Technologies, focusing on various factors such as earnings forecast revision trends, momentum indicators, and current valuation levels. Following HCL Technologies‘ fiscal 4Q2024 earnings report, a noticeable trend of near-term earnings estimates downgrades has been observed. Based on the current momentum indicators, indications suggest a potential prolonged period of underperformance for the company. Additionally, HCL Technologies is currently trading approximately one standard deviation above its rolling 5-year historic average PE ratio.


A look at HCL Technologies Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma’s Smart Scores, HCL Technologies shows a promising long-term outlook. With a strong dividend score of 5 and high resilience score of 5, the company demonstrates stability and wealth distribution to shareholders. Additionally, scoring well in momentum at 4 indicates positive market sentiment and growth potential. While the value and growth scores are moderate at 3, HCL Technologies‘ overall outlook seems positive, positioning it well for sustained performance in the software development sector.

HCL Technologies Limited specializes in providing software development and related engineering services, utilizing a wide range of technologies such as internet and e-commerce, networking, embedded software, and wireless communications. The company’s diversified technological expertise allows it to adapt to changing market demands and stay competitive in the industry. With solid scores in dividend yield, resilience, and momentum, HCL Technologies appears to be a reliable investment choice for long-term investors seeking stability and growth in the software services market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Citigroup Inc (C) Earnings: 2Q Banking Revenue Beats Estimates Despite Mixed Investment Banking Results

By | Earnings Alerts
  • Citigroup’s 2Q banking revenue exceeded expectations, reaching $1.63 billion against the estimated $1.55 billion.
  • Investment banking revenue slightly missed projections, reporting $853 million compared to the $870.4 million estimate.
  • Total loans surpassed predictions, amounting to $687.7 billion, while the estimate was $680.54 billion.
  • Services revenue came in slightly below expectations at $4.68 billion, with estimates at $4.82 billion.
  • Wealth revenue beat forecasts, totaling $1.81 billion against the $1.73 billion estimate.
  • Analysts hold a positive outlook with 14 buys, 11 holds, and 0 sells on Citigroup shares.

Citigroup Inc on Smartkarma

Analyzing Citigroup Inc on Smartkarma, renowned analyst Daniel Tabbush has shared a bearish sentiment. In his report titled “Citigroup – Impairment Costs Far Higher than Any Recent Quarter & Net Interest Income near Halting“, Tabbush highlights significant concerns. Citigroup is witnessing a surge in impairment costs, particularly from unfunded commitments, reaching up to USD3.5bn in 4Q23 compared to previous quarters. Moreover, the net interest income of Citigroup is showing signs of stagnation, indicating challenges ahead due to the impact of funding in a rising rate environment. Tabbush underlines that the implications of Citigroup’s results, amidst geopolitical risks, signal a negative outlook for large global banks, major US banks, and specifically HSBC Holdings.


A look at Citigroup Inc Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Citigroup Inc. shows strong performance in various aspects. With a top score in value and a solid score in dividend, Citigroup is well-positioned to provide long-term stability and returns for investors. The company’s momentum score also indicates positive traction, reflecting a promising outlook for future growth. Despite lower scores in growth and resilience, Citigroup’s overall performance remains positive, showcasing its potential for continued success in the financial services sector.

Citigroup Inc. is a global financial services company that offers a wide range of products and services to both individual and corporate clients. With a focus on investment banking, retail brokerage, corporate banking, and cash management, Citigroup caters to the diverse needs of customers worldwide. The Smartkarma Smart Scores highlight Citigroup’s strengths in value and dividend, underscoring its solid foundation for long-term success in the financial industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China International Marine Containers A (000039) Earnings Surge: 1H Net Income Projected at 700M-950M Yuan

By | Earnings Alerts
  • China International Marine Containers (CIMC) reports preliminary net income for the first half of 2024.
  • Net income is expected to be between 700 million yuan and 950 million yuan.
  • The significant increase in net income is attributed to a cyclical recovery of the industry during the first half of the year.
  • Investment analysts are optimistic with 4 buy recommendations, and no hold or sell ratings.

A look at China International Marine Containers A Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about the long-term outlook for China International Marine Containers A, as indicated by its Smartkarma Smart Scores. With a strong Value score of 4 and a solid Dividend score of 4, the company is considered to be in a good position in terms of its financial attractiveness and dividend-paying ability.

However, there are areas of caution with Growth and Resilience scores both at 2. Growing steadily but not rapidly, and showing moderate resilience to market changes, these are aspects that the company may need to focus on improving. On the bright side, a Momentum score of 4 suggests that China International Marine Containers A is currently enjoying a positive trend in price movement and market sentiment.

**Summary:**
### China International Marine Containers (Group) Co., Ltd. designs and manufactures containers, airport facilities, internal combustion power-generating equipment, and trailers. The Company also operates in the timber industry and real estate development. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hainan Airlines Co (600221) Earnings: Prelim 1H Net Loss Estimated at 600M-670M Yuan Due to Key Market Challenges

By | Earnings Alerts
  • Hainan Airlines projects a preliminary net loss for the first half of 2024.
  • The expected net loss ranges from 600 million yuan to 670 million yuan.
  • The company attributes this loss to the following factors:
    • Underperforming international routes
    • High oil prices
    • Fluctuating foreign exchange rates
  • Market analysts’ ratings for Hainan Airlines include:
    • 1 buy
    • 0 holds
    • 0 sells

A look at Hainan Airlines Co Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts examining Hainan Airlines Co are optimistic about the company’s long-term growth potential. With a stellar score of 5 for Growth, it implies that the company is well-positioned for expansion and development in the foreseeable future. This positive outlook is further reinforced by its Momentum score of 3, indicating a favorable trend in the company’s performance.

Although Hainan Airlines Co shines in terms of Growth and Momentum, its overall outlook is tempered by lower scores in Value (2), Dividend (1), and Resilience (2). Investors may need to consider these factors alongside the company’s strong growth prospects when making long-term investment decisions. Despite facing challenges, Hainan Airlines Co remains a key player in the passenger and freight air transportation sector, offering additional charter flight services to cater to a diverse clientele.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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JPMorgan Chase & Co (JPM) Earnings: 2Q Credit Loss Provisions Miss Estimates Despite Strong Revenue and Equity Returns

By | Earnings Alerts
  • JPMorgan’s provision for credit losses was $3.05 billion, missing the estimate of $2.83 billion.
  • The bank reported adjusted revenue of $50.99 billion.
  • Return on equity (ROE) stood at 23%, significantly higher than the estimated 17.4%.
  • Return on tangible common equity (ROTCE) was 28%, surpassing the estimated 22.4%.
  • Analyst ratings on JPMorgan include 21 buys, 8 holds, and 1 sell.

A look at JPMorgan Chase & Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, JPMorgan Chase & Co is positioned for a positive long-term outlook. With high scores in Growth and Momentum, the company shows potential for strong future performance and market traction. While Value and Dividend scores are moderate, indicating a stable financial position and consistent returns for investors. However, the Resilience score is comparatively lower, suggesting some vulnerability to market fluctuations. Overall, JPMorgan Chase & Co‘s diverse range of financial services and banking offerings position it well to navigate future challenges and capitalize on growth opportunities.

JPMorgan Chase & Co provides global financial services including investment banking, asset management, and retail banking. With a focus on serving a wide range of clients from business enterprises to individuals, the company is a key player in the financial industry. The Smartkarma Smart Scores reveal a balanced outlook for JPMorgan Chase & Co, with strengths in growth potential and market momentum. While the company may face some resilience challenges, its overall diverse service offerings position it as a competitive player in the financial services sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Fastenal Co (FAST) Earnings Report: 2Q EPS Matches Estimates Amid Slight Sales Increase

By | Earnings Alerts
  • EPS Match: Second quarter earnings per share (EPS) were 51 cents, matching the estimate but slightly lower than last year’s 52 cents.
  • Net Sales: Net sales reached $1.92 billion, a 1.8% increase year-over-year, meeting the estimate.
  • Daily Sales: Daily sales averaged $29.9 million, up 1.7% from last year, close to the $30 million estimate.
  • Pretax Earnings: Pretax earnings as a percentage of sales were 20.2%, down from 20.9% last year and slightly below the 20.3% estimate.
  • Gross Profit Margin: Gross profit margin came in at 45.1%, compared to 45.5% last year and an estimated 45.2%.
  • Operating Income: Operating income was $386.9 million, a 2% decrease year-over-year and lower than the $390.5 million estimate.
  • Operating Margin: Operating margin fell to 20.2%, down from 21% last year, and was slightly below the 20.3% estimate.
  • Capital Investment: For 2024, the company expects their investment in property and equipment to be $235 million to $255 million, an increase from both their originally anticipated range and last year’s $160.6 million.
  • Analyst Ratings: Analyst ratings include 2 buys, 8 holds, and 4 sells.

A look at Fastenal Co Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Fastenal Co, a company specializing in the sale of industrial and construction supplies, has been analyzed using Smartkarma Smart Scores to gauge its long-term outlook. With a Growth score of 4, the company shows promising potential for expansion and development in the future. Additionally, Fastenal Co‘s Resilience and Momentum scores both stand at 3, indicating a stable and consistent performance with a positive trend in the market. While the Value score is at 2, suggesting some room for improvement in terms of the company’s valuation, the Dividend score of 3 highlights a decent dividend payout for investors. Overall, Fastenal Co seems poised for growth and sustainability with a balanced mix of positive scores in key areas.

Fastenal Co, known for its wholesale and retail distribution of industrial and construction supplies across various countries, presents a mixed yet optimistic outlook based on the Smartkarma Smart Scores. The company’s strong Growth score of 4 hints at a bright future in terms of expanding its market presence and offerings. With Resilience and Momentum scores both at 3, Fastenal Co demonstrates a steady performance and positive market momentum. While the Value score sits at 2, showing room for improvement in terms of valuation, the Dividend score of 3 signifies a decent dividend yield for investors. Overall, Fastenal Co appears to be on a path of growth and stability, primed for long-term success in its industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Wells Fargo & Co (WFC) Earnings: 2Q Net Interest Income Falls Short of Estimates

By | Earnings Alerts
  • Net Interest Income: Missed estimates, reported $11.92 billion vs. $12.12 billion expected.
  • Revenue: Exceeded estimates, reported $20.69 billion vs. $20.28 billion expected.
  • Commercial Banking Revenue: Fell short, reported $3.12 billion vs. $3.15 billion expected.
  • Corporate and Investment Banking Revenue: Surpassed estimates, reported $4.84 billion vs. $4.62 billion expected.
  • Wealth & Investment Management Total Revenue: Slightly better than expected, reported $3.86 billion vs. $3.83 billion expected.
  • EPS: Reported at $1.33.
  • Total Average Loans: Slightly lower, reported $917.0 billion vs. $924.39 billion expected.
  • Efficiency Ratio: Met expectations at 64% vs. 64.3% expected.
  • Mortgage Banking Non-Interest Income: Exceeded expectations, reported $243 million vs. $210.4 million expected.
  • Net Interest Margin: Slightly below estimates, reported 2.75% vs. 2.77% expected.
  • Total Average Deposits: Lower than expected, reported $1.35 trillion vs. $1.36 trillion expected.
  • Return on Assets: Reported at 1.03%.
  • Return on Equity: Beat estimates, reported 11.5% vs. 11.2% expected.
  • Common Equity Tier 1 Ratio: Slightly below estimates, reported 11% vs. 11.1% expected.
  • Non-Interest Expenses: Higher than expected, reported $13.29 billion vs. $13.01 billion expected.
  • Return on Tangible Common Equity: Beat estimates, reported 13.7% vs. 13.2% expected.
  • Consumer Banking and Lending Total Revenue: Met expectations, reported $9.01 billion vs. $9 billion expected.
  • Provision for Credit Losses: Lower than expected, reported $1.24 billion vs. $1.28 billion expected.
  • Personnel Expenses: Below estimates, reported $8.58 billion vs. $8.72 billion expected.
  • Analyst Ratings: 14 buys, 16 holds, and 0 sells.

A look at Wells Fargo & Co Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wells Fargo & Company, a diversified financial services giant, is poised for a bright long-term future based on the Smartkarma Smart Scores. The company excels in areas such as growth and value, boasting scores of 5 and 4 respectively. This indicates a high potential for expansion and solid financial fundamentals. Additionally, with a momentum score of 4, Wells Fargo is showing strong positive market momentum. However, the company faces some challenges in terms of resilience, with a score of 2, suggesting potential vulnerabilities in turbulent times. Its dividend score of 3 indicates a moderate outlook for dividend payments to shareholders.

Despite facing some resilience concerns, Wells Fargo & Company shines with its strong growth prospects and solid value proposition. Operating in various financial sectors such as banking, insurance, and investments, the company’s diversified portfolio positions it well for long-term success. With a strong presence in North America and international markets through various distribution channels, Wells Fargo is poised to capitalize on future opportunities and navigate potential challenges with its robust overall Smart Scores.

*Based on the description provided: Wells Fargo & Company is a diversified financial services company offering a range of services including banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The company operates through physical stores, the Internet, and other distribution channels across North America and internationally.*


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank Of New York Mellon (BK) Earnings: Q2 Adjusted EPS Surpasses Estimates at $1.51

By | Earnings Alerts
  • Adjusted EPS: $1.51, beating the estimate of $1.43.
  • Net Interest Margin: 1.15%.
  • Common Equity Tier 1 Ratio: 11.4%, surpassing the estimate of 11.1%.
  • Liquidity Coverage Ratio: 115%.
  • Adjusted Revenue: $4.60 billion, exceeding the estimate of $4.52 billion.
  • Total Revenue: $4.60 billion.
  • Total Fee and Other Revenue: $3.57 billion, higher than the estimate of $3.5 billion.
  • Issuer Services Fees: $322 million, above the estimate of $306.4 million.
  • Treasury Services Fees: $202 million, greater than the estimate of $185.7 million.
  • Non-Interest Expenses: $3.07 billion, lower than the estimate of $3.08 billion.
  • Return on Equity: 12.7%, outperforming the estimate of 11.8%.
  • Analyst Recommendations: 12 buys, 6 holds, 0 sells.

A look at Bank Of New York Mellon Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Bank of New York Mellon, according to Smartkarma Smart Scores, indicates a positive overall assessment. With high scores in Value, Resilience, and Momentum, the company is positioned well for growth and stability. BNY Mellon’s strong Value score suggests that it is trading at an attractive price relative to its intrinsic value. Moreover, the top Resilience score reflects the company’s ability to weather economic uncertainties and challenges. Additionally, the Momentum score indicates positive market sentiment and performance, pointing to potential growth opportunities for investors.

As a global financial services company, Bank of New York Mellon offers a range of services including asset and wealth management, asset servicing, issuer, clearing, and treasury services. While the Dividend and Growth scores are moderate, the high scores in Value, Resilience, and Momentum underscore BNY Mellon’s solid foundation and potential for long-term success. Investors may find BNY Mellon a compelling option based on its positive Smartkarma Smart Scores and diversified business model.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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