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JPMorgan Banks It; Disney Streams Higher – The Motley Fool



Friday morning, Wall Street gave a good start as the earnings period started positive. Positive news from the financial sector helped lift the spirits of the market as a whole, and investors look forward to seeing how companies are able to stimulate growth now, as tax cuts are more than one year and will no longer have a major impact over the year. Just after. The 11.30 EDT was Dow Jones Industrial Average (DJINDICES: DJ DJI) up 197 points to 26,340. S & P 500 (SNPINDEX: ^ GSPC) climbed 13 points to 2,901 and Nasdaq Composite (NASDAQINDEX: IXIC) scored 1

9 points to 7.966. 19659005] JPMorgan Chase (NYSE: JPM) got things started on the right foot among big banks that reported their latest finances, with results from the first quarter calling not only their own shareholders but also market participants more. Meanwhile, Walt Disney (NYSE: DIS) announced his long-awaited streaming service, and many believe that the media and entertainment giant will be able to use their new offer to reverse the tide for cable cutting customers and potentially catch even more general income.

A Dimon in the rough

JPMorgan shares rose 4% after the Wall Street bank giant had a strong start to the earnings season. The bank said net income reached a record $ 9.2 billion in the first quarter of 2019 and amounted to $ 2.65 per share.

  Wall St. street sign with American flags in the background

Image source: Getty Images.

] Almost all JPMorgan's core areas worked well. Core loans and deposits were up modest, while investment funds and credit card sales increased by two-digit percentages. JPMorgan praised holding the top ranking among global investment banks in terms of market share, and while total market segment revenue was down, gross investment bank revenues increased 44% from the previous year. Average loan balance also showed strong growth.

CEO Jamie Dimon sees great opportunity for further gains. New measures will help give employees new skills at work and help to bridge the race wealth. Continuous support for consumers, small businesses and large corporations will help promote broad economic growth. Dimon is optimistic that even in geopolitical uncertainty, a more constructive economic environment and favorable conditions across most of the market, confidence should be strong and provide even better results in the future.

Disney + gets rave reviews

Disney shares rose nearly 10%, making it the most effective stock in Dow after the entertainment giant revealed details of the Disney + streaming video service. Mouse House expects to release Disney + in the US market on November 12, and investors are especially excited about the proposed price and the likelihood that it will compete effectively against Netflix and other streaming content retailers. [19659013] Disney said it expects a $ 6.99 monthly subscription price to the service, underlining Netflix's double-digit monthly rates. With an extensive library containing content from Pixar, Marvel Studios, Star Wars National Geographic, and newly-acquired titles from 20th Century Fox along with their own name production studies, Disney will offer an attractive value set for viewers. . Disney also discussed its more comprehensive strategy for delivering content directly to consumers, including ESPN +, Hulu and Hotstar.

From an investment point of view, Disney manages pretty well the expectations. CFO Christine McCarthy was aware that Disney + will take years before it can be consistently profitable, and the expense of running out of the content library will probably amount to about $ 2 billion annually between now and 2024. But the company expects the service to get traction, setting a target of 60 million to 90 million subscribers. With the prospect of great demand both internally and in the world market, Disney makes a move that is worthy of the most disruptive media companies.


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