(Il Sole 24 Ore Radiocor) – The wait for the quarterly season, which will serve to measure the impact of the war in Ukraine on the accounts of the first part of the year, makes prudent European stock exchanges which all move in the name of caution. In the background, i always remain fears of war in Ukrainelrecord inflation and the consequent expectations of operators for an increase in interest rates by 50 basis points by the Fedwhile in the Old Continent the meeting of the ECB scheduled for Thursday 14 April.
“The task of central banks is very difficult – says Luigi Nardella of Ceresio Investors – they are forced to face very high levels of inflation, due in Europe to one commodity shock with significant negative effects on demand. The first step will most likely be there early termination of any bond purchase plan. The risk that the monetary tightening by the ECB could cause a recession it is very high ».
Earnings down for JpMorgan in the first quarter, below estimates
The quarterly season on Wall Street which starts, as usual, with financial stocks. JpMorgan, the first of the large American banks to publish the accounts for the first quarter of 2022, saw profits fall by 42%, which were below estimates, and revenues, which however were better than expected. The New York bank, which warned against potentials economic and geopolitical problems looming on the horizon, reported net income of $ 8.282 billion, $ 2.63 per share, versus $ 14.3 billion, $ 4.50 per share, for the same period last year, with reported revenues. for 30.717 billion (down by 5%) and managed revenues for 31.59 billion (also in this case down by 5%). Consensus estimates were for earnings per share of $ 2.72 and revenues of $ 30.5 billion.
Blackrock beats estimates, earnings per share at $ 9.35
In the first quarter, BlackRock achieved diluted earnings per share of $ 9.35 and revenues of $ 4.7 billion. Revenue rose 7% year-on-year driven by strong organic growth and 11% growth in technology services, partially offset by lower performance fees. Diluted earnings per share of $ 9.35 per share increased 20 percent, adjusted earnings (to $ 9.52) increased 18 percent. The dividend is up 18% to $ 4.88 per share.
Telecom and Bpm run in Piazza Affari
In Piazza Affari, the shares of the Banco Bpmwhich will now have its hands free on new partnerships on the bancassurance front after leaving the joint venture with Covea, and Telecom Italia, with consumer services that would appeal to Iliad and Apax. Uphill Atlantia which moves on the same values assumed by the market for the imminent takeover of the Benettons with the aim of delisting the holding. At the bottom of the Campari e Nexi in the wake of the weakness of the technological sector on a continental level. In no particular order the oil with Saipem ed Eni.
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