Banks beat the Street
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 14 October 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Show Notes
HSBC’s 10 stock picks going into earnings season
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.8 | Good afternoon. Today is Tuesday, October 14th, and I'm your host, Kim Con. Our top story so far. |
| 0:16.5 | Big banks are kicking off earnings season with consensus-beating results, as usual. Among the heavy hitters, |
| 0:22.2 | J.P. Morgan Chase nudged up guidance for full-year net interest income and introduced outlooks for |
| 0:26.6 | 2026. Q3 earnings reflected strength across all business lines, with standout performance in markets, |
| 0:32.6 | fueled by financing demand, and in asset wealth management on higher client activity. |
| 0:37.0 | Seeking off investment group leader, Daniel Sereda, says CEO Jamie Diamond's warning |
| 0:41.1 | about a heightened degree of uncertainty from geopolitical conditions, tariffs, and trade |
| 0:45.6 | uncertainty may spook some speculators, but there's no concern about JPM's fundamentals. |
| 0:50.8 | Goldman Sachs topped Q3 forecasts thanks to strong investment banking and wealth management |
| 0:54.6 | results, but shares are under pressure as quarterly expenses came in above estimates. |
| 0:59.2 | Wells Fargo also made expectations, its first earnings release since the Fed lifted its asset cap, |
| 1:04.2 | the bank named CEO Charlie Scarf is chairman. Looking at other earnings movers, Johnson and Johnson |
| 1:08.9 | topped Q3 forecasts and raised its full-year sales outlook. |
| 1:12.6 | The company also plans to separate its orthopedics division, a move seeking off analyst Edmund Ingham |
| 1:17.4 | says we'll make J&J a more agile, pharma-focused investment proposition. |
| 1:22.3 | Domino's pizza delivered, topping Q3 estimates on strong supply chain revenue and higher U.S. franchise royalties and fees. |
| 1:29.6 | And Albertson posted solid fiscal Q2 results driven by digital, pharmacy, and membership investments. |
| 1:35.4 | It now expects full-year EPS between 206 and 219, up from prior guidance of 203 to 216. |
| 1:42.3 | In other news of note, Oracle Cloud infrastructure will deploy 50,000 AMD graphics |
| 1:47.2 | processors starting in the second half of 2026. The rollout will use AMD's instinct MI450 chips, |
| 1:54.1 | the company's first AI accelerators, designed to scale into rack-sized systems. Oracle's Karan Bada |
... |
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