Stocks to Watch Today: Oracle and JP Morgan Chase

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Stocks to Watch Today: Oracle and JP Morgan Chase

Wall Street saw divergent fortunes for tech giant Oracle (NYSE:) and banking behemoth JPMorgan Chase (NYSE:) on Tuesday, as investors responded to earnings results and executive statements. Oracle shares surged on AI-driven growth, while JPMorgan fell amid tempered expectations for interest income.

Oracle Corporation Shares Skyrocket on AI Results

Oracle shares skyrocketed more than 10% on Tuesday, reaching $156.07 by early afternoon trading. The company’s first-quarter results exceeded analyst expectations, with overall revenue hitting $13.31 billion. Cloud product revenue, a key growth driver, jumped 21% to $5.6 billion.

The software company’s push to integrate artificial intelligence into its cloud services has paid dividends, positioning Oracle as a more affordable alternative to tech giants

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(NASDAQ:) and

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(NASDAQ:). Strategic partnerships with rival cloud providers, including

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Web Services and

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(NASDAQ:) Cloud, have further bolstered Oracle’s market position.

If current gains hold, Oracle could add approximately $39 billion to its market value. The stock has outperformed the broader tech sector this year, rising over 32% and prompting at least 10 brokerages to raise their target prices since Monday.

JPMorgan Chase & Co. (JPM) Shares Plummet After Bank Lowers NII Expectations

In contrast, JPMorgan Chase shares tumbled about 6% to $202.97, following cautionary statements from bank president Daniel Pinto regarding interest income expectations. The bank had previously projected its Net Interest Income (NII) to reach $91 billion this year, excluding its markets division.

Pinto described current NII forecasts as “a bit too high” without offering a revised estimate, suggesting that next year could be “a bit more challenging” for the banking giant. Despite the gloomy

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, he indicated that investment banking fees could rise by 15% in the third quarter, while trading revenue is expected to remain flat or increase slightly.

The pessimistic forecast triggered a broader sell-off in bank stocks, with the falling 3.5%. JPMorgan’s cautious stance follows similar guidance from Goldman Sachs, whose chief executive warned of a potential 10% drop in third-quarter trading revenue.

As of 1:25 PM EDT, JPMorgan’s market capitalization stood at $577.272 billion, with a price-to-earnings ratio of 12.09. Despite the day’s losses, the stock has still outperformed the year-to-date, with a 21.40% return compared to the index’s 14.78% gain.

***

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our

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prior to making financial decisions.

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#Stocks #Watch #Today #Oracle #Morgan #Chase

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