Enterprise Software, Video Software
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 October 2021
⏱️ 14 minutes
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Summary
German software giant SAP increases guidance for the 3rd time this fiscal year. Vimeo pops 12% on good results in September. Emily Flippen analyzes those stories along with the latest results from JPMorgan Chase.
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Transcript
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| 0:00.0 | It's Wednesday, October 13th, welcome to Marketfoolery, I'm Chris Hill with me today, Emily |
| 0:07.1 | Flippen. |
| 0:08.1 | Good to see you. |
| 0:09.1 | Hey, good to be here Chris, it's been a while. |
| 0:11.4 | It has been a while. |
| 0:13.2 | We've got enterprise software, we've got video software, but we are going to start today |
| 0:18.2 | with the biggest of the big banks. |
| 0:20.8 | Third quarter profits for JP Morgan Chase were well above expectations. |
| 0:25.0 | It was higher to shares the JP Morgan down a little bit, but I don't know, it can't |
| 0:30.9 | be because of the results, right? |
| 0:32.2 | This seems like a pretty strong quarter. |
| 0:34.8 | It's a pretty strong quarter for JP Morgan, although I will caveat that because the good |
| 0:39.0 | quarter was supported by largely better than expected loan losses. |
| 0:43.7 | That contributed around one and a half billion dollars to their bottom line. |
| 0:47.8 | When you combine that with a tax credit, they actually didn't beat earnings as strongly |
| 0:53.1 | as the market may suggest. |
| 0:54.4 | So the earnings of $3.74 were greater than the $3 expected, but taking out what should |
| 1:01.1 | be considered one-time credits, it was actually closer to meeting expectations, which may |
| 1:06.5 | be explained some of the stock movement today. |
| 1:09.4 | However, even accounting for that, this was a solid quarter for JP Morgan because at |
| 1:14.4 | this point, I think Jamie Diamond and JP Morgan have become almost bellweathers for how |
| 1:20.2 | the economy is doing as a whole. |
... |
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