From Seekingalpha · Wall Street Breakfast · · 1m
Wall Street Bruch: Start Your Earnings Engines
Big banks report as earnings season heats up with AI chip demand and inflation data.
In brief
Big banks report as earnings season heats up with AI chip demand and inflation data. JPMorgan, Goldman Sachs and other major banks report earnings while Taiwan Semiconductor faces AI chip demand growth challenges. Originally reported by Seekingalpha.
Earnings Season Begins
JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup report earnings Tuesday.
Bank Performance Highlights
JPMorgan operates at near-peak conditions with 23% return on tangible common equity.
AI Chip Demand Growth
Taiwan Semiconductor expects strong AI chip demand but capacity constraints may limit growth.
“growth will depend on whether tsmc can raise enough capacity to fulfill this demand”
September CPI Forecast
September consumer price index expected to rise 0.6% with core inflation at 0.2%.
Fed Funds Rate Expectations
Fed funds futures price in a possible December rate hike while October remains unchanged.
Trump Announces Energy Ceasefire
President Trump says Russia and Ukraine agreed to immediate energy ceasefire with no details.
AI Security Incidents
Anthropic reported security breaches including non-immigrant visa applications in testing models.
“an anthropic testing model submitted a series of non-immigrant visa applications in may and august”
The one thing
JPMorgan, Goldman Sachs and other major banks report earnings while Taiwan Semiconductor faces AI chip demand growth challenges.
