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$JPM, the largest U.S. bank by assets, posted a 10% YoverY jump in its 4Q15 profits, with a net income of $5.43Bil. This compares to net income of $4.93Bil in 4Q14. On a per-share basis, $JPM earned $1.32 per share in 4Q15, up 11% from $1.19 per share in 4Q14. On a reported basis, net revenue grew 1% to $22.89Bil from $22.75Bil in 4Q14.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."