JP Morgan – 1Q22 Earnings

Posted on | by Leon Hinde

JPMorgan Chase’s Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation after first-quarter profits at the largest U.S. bank slumped 42%.  

Consumer Banking

Net income of $2.9B vs. $6.8B in 1Q21 & revenue of $12.2B, down 2% YoY

Corporate & Investment Banking

Net income of $4.4B, down 26% YoY & revenue of $13.5B, down 7%
YoY

Commercial Banking

Net income of $850mm, down 28% YoY & revenue of $2.4B was flat compared to the prior year.

Meta Crypto Education

Posted on | by Leon Hinde

Meta and other companies have a long-term vision of building 360-degree immersive worlds, which people will access through virtual reality goggles like Meta’s Oculus.

Sandbox: SAND is the utility token used throughout The Sandbox ecosystem as the basis for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain.

Decentraland: MANA token is the native currency of Decentraland. It is a cryptocurrency (ERC 20) and can be used to buy in-game goods and services

Mineral Resources & Iluka

Posted on | by Leon Hinde

Mineral Resources’ accelerated restart of Wodgina train 1&2 has helped to improve investor sentiment towards the stock. MIN offers a unique mix of lithium and iron ore.

Iluka’s phase 3 project will capture more value along the rare earth’s value chain.

Mineral Resources (MIN), Iluka Resources (ILU), S32 (S32), Coronado Global Resources (CRN) and
New Hope Corporation (NHC) remain under Algo Engine buy conditions.