Tower Bridge Investments

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Are central banks about to stop printing money and possibly raise interest rates? Higher inflation around the world could lead to these actions.
Investors and traders will take advantage of major central bank decisions. Less money printing and higher interest rates are usually good for the related currency.

The first central bank event will take place on Tuesday 03:30 GMT- The Reserve Bank of Australia rate decision. The current interest rate in Australia is 0.1%. The AUD currency will react strongly to the event.

The second event will take place on Wednesday 18:00 GMT- The Federal Reserve decision. The USD will react strongly. The Fed is expected to announce a reduction in its money printing program.

The third event will be the Bank of England decision on Thursday 12:00 GMT. The Bank of England could announce it will raise rates early next year. The GBP currency will react strongly.

Traders and investors will take advantage of 2 earnings reports related to Covid vaccines. Pfizer reports on Tuesday and Moderna on Thursday. More vaccine deliveries could be great news for these stocks.

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JPMorgan reported earnings yesterday and the results were better than expected. Earnings per share was $3.74 vs a forecast of $3 and revenue $30.4 billion vs a forecast of $29.4 billion. But still, the stock closed 2.64% lower at $161. It seems like good news is not good enough for Wall-Street. JPMorgan stock closed on a new record high earlier this week therefore the market needs more confidence from the banking sector to keep demand high. Investors preferred to take their profits yesterday.

That could change today when other major banks report. Bank of America, Citi, Wells Fargo and Morgan Stanley will report earnings before market open today. The profit-taking decline in JPMorgan stock yesterday pushed other bank stocks lower too.
Strong reports today could increase confidence in the banking sector, create solid ‘buy-the-dip’ opportunities and activate the ‘bank trade’.

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Earnings season begins today when JPMorgan reports before market open. JPMorgan is the biggest US bank. It has a market value of $494 billion. JPMorgan stock reached a new record high of $170.2 last Friday. Investors will look at 3 key numbers in the report today. Earnings per share (EPS) is expected to be $3, revenue is expected to be $29.4 billion and the net interest margin (NIM) 1.64%. NIM is extremely important. It is a measure of how much banks charge on loans compared to what they give on deposits. The bigger the number the better.
The main question is if higher inflation and higher home prices are supporting the banking sector. Home prices have jumped by more than 20% in the last 12 months in the US. Higher home prices mean bigger mortgages. A good report today by JPMorgan will support other bank stocks like Bank of America, Wells Fargo, Citi and more, and possibly trigger the correlated ‘bank trade’.