Markets Recap: Stocks Trade Sideways Amid Mixed Bank Earnings - Aliens: AI Crypto News & Markets Updates
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Markets Recap: Stocks Trade Sideways Amid Mixed Bank Earnings

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Blockworks

Fri, Jan 14, 2022

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The amount of ETH burned was equal to newly-issued ETH over the past seven days, resulting in zero net insurance for the first time in the protocol’s history JPMorgan shares shed 6.4% to $157.65 by market close, the sharpest decline post-earnings in over a decade Major Wall Street gauges traded sideways on Friday as banking giants kicked off a mixed fourth-quarter earnings season.

The bank’s management expected “headwinds” due to higher expenses, JPMorgan CFO Jeremy Barnum told reporters on the earnings call.

(C) shares also declined after disappointing trading results, falling 1.25% by market close.

The banking giant reported revenue of $17 billion, higher than the analyst’s estimates of $16.75 billion.

S&P 500: 4,662, +0.08% NASDAQ: 14,893, +0.59% Gold: $1,816.3, -0.28% WTI Crude Oil: $84.35, +2.72% 10-Year Treasury: +0.082, 1.791% BTC: $42,953, -0.74% ETH: $3,267, -1.07% ETH/BTC: 0.076, +0.6% The amount of ETH burned was equal to newly issued ETH over the past seven days, resulting in zero net issuance for the first time in the protocol’s history.

The net issuance of ETH, calculated by block subsidy minus transaction fees burned, over the last seven days was zero.

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