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.

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.

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Stock Movers

JPMorgan Beats Estimates; BlackRock Fund Flows; Texas Instruments Production

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f4092c84-8133-4858-a38e-b2bc00b9981f/transcript