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U.S. Day Ahead: JPMorgan and Wells Fargo up next

Thursday, Oct 11, 2012 - 02:13

Oct 11 - Forget the doom and gloom, financial earnings kick off with JPMorgan and Wells Fargo - Wall Street's banking on profits!

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Forget and giving Blair -- financial earnings kick off with JPMorgan and wealth are now Wall Street speaking on more green. Last time when JPMorgan reported and then its profits were hit by over four billion dollars of trading losses. We'll get great here at different to -- Jamie Dimon is expected to say that being -- -- good supporters think you. Free money from the fat and boosting capital markets. Still investors who want to know what happened to the company's CFO after news. He may step down and JPMorgan stock is up 20% since the start of the year. Wells Fargo will also report fatter profits from year ago benefiting from an industrywide boom and. Home loan mortgage rates are at historic feuds so what that's saying is a lot of people are going into the bank refinancing. Buying new homes. Mortgage applications up tremendously in fact -- up almost 90% from February which is a huge numbers. So you're -- -- -- traditional games at Wells Fargo benefit from it of course all the big acts like us to be true. Back America also exposure to Latin -- to benefit from that. Into the economy. Expect to see evidence of consumers turning cautious again when the Reuters university Michigan index is released. I have aren't as confident is that she did to 77 point six. From a four month high in September and light of last week's unexpected drop in the unemployment rate. Keep an eye on whether people feel the job market is improving. Another update of how badly PTL's are suffering when Micron Technology holds an analyst day it's all lots of September and that could possibly deep and as demand for dram memory chips falls. Investors also wanna know about its plans to acquire bankrupt Japanese chipmaker. Stay with insider and Reuters TV for expert analysis on the big market movers. We'll have highlights from the face off between Vice President Biden and representative Paul Ryan. The pressure is on gaffe prone Biden to put and its stellar performance after his -- and lackluster debut. I'm -- mom this is right.

U.S. Day Ahead: JPMorgan and Wells Fargo up next

Thursday, Oct 11, 2012 - 02:13

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