October 10, 2023 09:31 AM
Are you ready for Q3 bank earnings?
Trade indices and stock CFDs with 0% commission*
Household names like Citigroup, Bank of America, and J.P Morgan Chase are gearing up to release their Q3 earnings this month. What could this mean for the markets
- Go long or short with CFDs on the biggest bank stocks and indices like the Dow Jones
- Devise a strategy with top charting tools and cutting-edge analysis
- Trade with confidence via a trusted, well-established Canadian broker
Will Fed rate cuts affect Q3 earnings?
Lower interest rates may not provide as much of a boost to the bigger banks than regional banks, as a smaller portion of their revenue comes from loans. However, if the Fed’s rate cuts spark an increase in economic activity, this will benefit the bigger banks owing to their more diversified revenue streams.
Key markets
Earnings release dates
October 11, 2024
J.P. Morgan Chase and Co. (JPM)
October 11, 2024
Wells Fargo (WFC)
October 15, 2024
Citigroup (C)
October 15, 2024
Bank of America (BAC)
October 16, 2024
Morgan Stanley (MS)
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Stock CFDs explained
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Go long or shortWhen you trade stock CFDs with us, you can profit from both rising and falling markets, depending on which position you take. -
Take advantage of leverageYou only have to put up a fraction of the stock price to start trading. Leverage can magnify your profits and your losses. -
Is there a difference between stocks and shares?Shares have a few different names. They’re also referred to as stocks or equities. They all mean the same thing and there’s no difference between them.
Bank earnings FAQs
How do I trade earnings season?
To trade bank earnings, you can decide whether you think a bank's share price is going to move up or down when it releases its quarterly report – and open a position via CFDs accordingly. Open a FOREX.com account to get started, or try a demo to trade risk-free.
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What is CFD trading?
A Contract for Difference (CFD) is an alternative way to trade a wide range of financial markets, such as stocks, indices, and commodities without the buying and selling of any underlying assets.
CFDs are financial contracts that pay the difference in price between the opening and closing trades. CFD pricing is derived from the underlying market. For example, the Citigroup CFD will have the same price as Citigroup listed on the Nasdaq exchange. When you trade a CFD, you’re getting the same exposure as you would if you had bought the asset it tracks, but instead of investing in the market, you’re buying a contract for a fraction of the stock’s value.
There are several reasons why traders choose to go for stock CFDs over traditional stock trading, including leveraging, shorting, and hedging your existing position.
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Can I short bank stocks?
If you think a bank is going to miss estimates and fall in value, instead of hitting or exceeding estimates and rising in value, you can short it by selling its stock instead of buying it. With your FOREX.com account, you can select 'sell' instead of 'buy' stocks via CFDs in the platform.
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Why are bank earnings important for traders?
Bank earnings releases generally influence traders' opinions of companies based on their quarterly results. If a company posts major profits, it's safe to assume that trader sentiment for that company will trend very positively.
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Stay ahead of every key release
Bank earnings news
October 6, 2023 02:28 PM
July 17, 2023 04:03 PM
July 11, 2023 02:28 PM
July 5, 2023 03:02 PM
April 5, 2023 05:01 PM
March 28, 2023 08:12 AM
March 27, 2023 11:49 AM
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March 23, 2023 01:44 AM
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*Refers to trade executions for GAIN Capital - FOREX.com Canada. Please note that multiple factors may impact execution speed, including but not limited; market conditions, platform type, network connectivity, trading strategies, and account type. Forex.com’s execution statistics represent GAIN Capital – FOREX.com Canada Ltd. orders executed on FOREX.com's platforms during market hours between August 31, 2024, 5:00 pm ET, and September 30, 2024, 5:00 pm ET and excludes trades/orders entered on the MetaTrader platform.
Market volatility, volume, and system availability may delay trade executions. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted. Price improvement is not guaranteed and will not occur in all situations.
Excludes trades that received non-standard order processing and orders that failed to trigger
*TERMS AND CONDITIONS: You can now trade commission free stock CFDs through December 31st, 2024. We will waive any applicable commissions on stock CFD trades placed during this time period. After that, our reduced commissions as listed in the commission table here will be in effect going forward.
Equities are not available on the MetaTrader 4 platform.
View individual margin requirements for each stock CFD for USD and CAD based accounts.