skip to Main Content

Free Newsletter: Actionable insight every morning for the self-directed investor. Find out more

US Banks

Shares of Goldman Sachs and Bank of America shot up in trading yesterday as both banks reported rises in revenues.

This followed reports of strong revenues from Citi on Monday and positive noises about the health of the US economy from JP Morgan.

Generally speaking, asset quality and lending margins have been strong and even loan growth has been OK. The only real area of weakness was in bond trading revenues and Goldman said it would be cutting costs in this area while others probably won’t as Goldman had been hit harder than others over the last few years.

A chunky valuation for Niantic

The second thing I wanted to talk about was the rather chunky valuation for Pokemon Go creator Niantic.

It managed to rake in an impressive $245m in its latest funding round implying a company valuation of $4bn and is creating a lot of excitement around the launch this year of a new Harry Potter augmented reality game.

The extra money will be going towards AR research, machine learning and building its “real world platform” which powers its own games but will subsequently be released for other developers to use.

I think that this is a great idea as it is notoriously difficult for games makers to continually come up with blockbusters and a platform sounds like it would be decent future revenue generator.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Peter Watson

Peter Watson

Peter Watson founded Seiha Consulting, a career transition consultancy, after working in HR and four recruitment agencies. He was also a stockbroker for 13 years in London and Tokyo, advising some of the world’s biggest financial institutions on European and Japanese stock market investment. He started writing the Daily (previously known as “Watson’s WIFI”) to help candidates prepare for interviews – but soon found that many others wanted to read it as well!

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.


Back To Top