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AOF Wall Street closing analysis – AOF Wall Street closing analysis – American indices confirm their positive outlook

(AOF) – US markets were closed mostly on Friday. Announcements by several Fed members in favor of a rate hike of 75 basis points (not 100 basis points) reassured investors. Economic figures, particularly consumer confidence in July, were also positive. The Dow Jones index closed with a gain of 2.15% at 31,288.26 points while the Nasdaq Composite index rose 1.79% at 11,452.42 points.

Citigroup jumped 13.23% to $49.90 despite mixed results. Net income in the second quarter of 2022 was $4.5 billion, or $2.19 per diluted share, on revenue of $19.6 billion. That figure compares to net income of $6.2 billion, or $2.85 per diluted share, on revenue of $17.8 billion in the second quarter of 2021.

Today’s financial community

In the United States, the consumer confidence index measured by the University of Michigan came out in July at 51.1 after 50 in June. Economists expect 49.9.

In the United States, the New York Fed (Empire State) job index came out at 11.1 in July against a consensus of -2 after -1.2 in June.

In the United States, retail sales increased one month in June by 1% against the consensus of +0.8% after -0.1% in May (adjusted from -0.3%).

Points to follow today

BlackRock

Results at half mast for BlackRock in the second quarter. A world leader in asset management is blaming the effects of global markets on its commission rate. Meanwhile, adjusted earnings fell to $1.12 billion, or $7.36 per share, for the three months ended June 30, from $1.61 billion, or $10.45 per share. , one year earlier.

Citigroup

Citigroup today reported second-quarter 2022 net income of $4.5 billion, or $2.19 per diluted share, on revenue of $19.6 billion. That figure compares to $6.2 billion in revenue, or $2.85 per diluted share, on revenue of $17.8 billion in the second quarter of 2021. Revenue was up 11% from a year ago, with growth in both interest and non-interest income.

pinterest

Pinterest’s stock is expected to rise after a report that Elliott Management Corp. acquired a stake of more than 9% in the social media company. The investment would make Elliott Pinterest’s largest shareholder, according to a Wall Street Journal report. Pinterest was not immediately available for comment. Among the many departures, Ben Silbermann stepped down as CEO in June and was replaced by Bill Ready.

Citigroup jumped 10.6% to 48.8 dollars after mixed results. Net income in the second quarter of 2022 was $4.5 billion, or $2.19 per diluted share, on revenue of $19.6 billion. That figure compares to net income of $6.2 billion, or $2.85 per diluted share, on revenue of $17.8 billion in the second quarter of 2021.

Today’s financial community

In the United States, the consumer confidence index measured by the University of Michigan came out in July at 51.1 after 50 in June. Economists expect 49.9.

In the United States, the New York Fed (Empire State) job index came out at 11.1 in July against a consensus of -2 after -1.2 in June.

In the United States, retail sales increased one month in June by 1% against the consensus of +0.8% after -0.1% in May (adjusted from -0.3%).

US producer prices rose 1.1% over the month in June. Economists were counting on +0.8% after +0.9% in May (revised from +0.8%). For one year, it jumped by 11.3% against the consensus of +10.7% after +10.9% in May (updated from +10.8%). Core prices rose in June one month by 0.4%. Economists were aiming for +0.5% after +0.6% in May (revised from +0.5%). For one year, these “core” prices rose by 8.2% against the consensus of +8.1% after +8.5% in May (revised from +8.3%).

Points to follow today

BlackRock

Results at half mast for BlackRock in the second quarter. A world leader in asset management is blaming the effects of global markets on its commission rate. Meanwhile, adjusted earnings fell to $1.12 billion, or $7.36 per share, for the three months ended June 30, from $1.61 billion, or $10.45 per share. , one year earlier.

Citigroup

Citigroup today reported second-quarter 2022 net income of $4.5 billion, or $2.19 per diluted share, on revenue of $19.6 billion. That figure compares to $6.2 billion in revenue, or $2.85 per diluted share, on revenue of $17.8 billion in the second quarter of 2021. Revenue was up 11% from a year ago, with growth in both interest and non-interest income.

pinterest

Pinterest’s stock is expected to rise after a report that Elliott Management Corp. acquired a stake of more than 9% in the social media company. The investment would make Elliott Pinterest’s largest shareholder, according to a Wall Street Journal report. Pinterest was not immediately available for comment. Among the many departures, Ben Silbermann stepped down as CEO in June and was replaced by Bill Ready.

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