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U.S. Day Ahead: JPMorgan to kick off bank earnings

Friday, January 13, 2012 - 02:40

Jan. 12 - Investment bank JPMorgan starts the financial sector's reporting season. Analysts expect the company to show a decline in quarterly earnings from a year earlier.

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Parents think you that day ahead investors be focusing on the university of Michigan's consumer sentiment index on Friday morning. Which is expected to show that Americans are continuing to feel upbeat about economic recovery. Reuters poll estimates that preliminary figures for January it clocked in at 71 point five up from 69 point nine in December. If the game -- January it would be the straight month of improvement in the index. Also on the radar will be international trade data. In November trade deficit is expected to increase to 45 billion dollars from 43 point five billion in October. Bringing the highest step that the -- JPMorgan kicks up earnings season for banks reporting fourth quarter results before about. The investment bank is expected to report earnings per share up 91 cents that's nearly 20% lower than in the same period a year earlier. According to analysts surveyed by Thomson Reuters. The report I'll break out results from JPMorgan investment banking unit business lending and consumer franchise. -- -- listening closely to see with CEO Jamie Dimon says. About the demand from businesses for loans. Numbers on loans ticked up a lot in the end of the quarter basement with Federal Reserve -- -- collects. And people want to hear it time and has confidence that that's going to continue. More borrowing by businesses more investment by businesses. Will be good for the economy in general and -- banking. It's been a busy week for fed speakers and expect more on Friday Federal Reserve board governor Elizabeth duke is set to speak -- regulate credit in Santa Barbara. Richman president every -- will share his 2012 economic outlook with the risk management association of Richmond. Chicago fed president Charles Evans is set to speak on current economic conditions and monetary policy before the Indiana bankers association. And lastly Saint Louis president James -- will be addressing economic policy in saint Louis Missouri now for all the -- out there Friday -- the last day of the consumer electronics convention in Las Vegas. This year's highlights included an appearance from pop star Justin Bieber to promoted new robot -- -- asked why robotics. The convention also featured TV's TBs and more TVs with flat panel displays getting flatter bigger and smarter. Apple did not exhibit its wares at the convention and Microsoft made this here's. It's last. That's all your day ahead I'm Rhonda schaffler mrs. writers.

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U.S. Day Ahead: JPMorgan to kick off bank earnings

Friday, January 13, 2012 - 02:40